Dublin, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The "Global Car Sharing Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Projected Growth Influenced by Increasing Autonomous Vehicle Investments and Adoption of Shared Mobility Solutions
Recent analysis of the global car sharing market reveals a significant growth trajectory, with an expected increase of USD 17.59 billion during the forecast period of 2023-2028. The market's expansion is estimated to hasten at an impressive compound annual growth rate (CAGR) of 21.12%.
This surge is largely attributable to concerted efforts by governments worldwide to enforce stricter emission control policies, the escalating commitments and partnerships amongst automobile producers in the car sharing domain, and the surging adoption of shared mobility options as a countermeasure to escalating traffic congestion and pollution levels.
Key Market Segments Reflect Diverse User Preferences
Industry segmentation delivers insights into the behavior and preferences of different user groups. The market can be dissected into two primary end-user categories:
- Business
- Individual
Further subdivisions illustrate the various booking modalities utilized:
- Online
- Offline
Emergent Trends Poised to Catalyze Market Dynamics
Autonomous vehicle innovation is singled out as a pivotal factor propelling market advancement in the forthcoming years. Furthermore, the influx of inventive car sharing services and the emergence of Mobility as a Service (MaaS) platforms are anticipated to generate significant demand within the market.
The report comprises a meticulous examination of numerous leading car sharing market contributors. The analysis encapsulates critical market facets by pinpointing principal industry influences.
Anticipated Market Developments
The report encompasses an exhaustive landscape and a profound vendor selection method and analysis, applying both qualitative and quantitative study methodologies to forecast the precise market growth. The examination presents the upcoming industry trends and challenges that are expected to shape market evolution, enabling organizations to strategize and capitalize on impending growth prospects.
The car sharing market study distills an extensive array of data sources into a singular, coherent picture of the market. This offers invaluable insights that will not only guide immediate strategic decisions but also set the foundation for long-term planning. As shared mobility continues to disrupt traditional automotive industries and consumer transportation habits evolve, the importance of such comprehensive market intelligence cannot be overstated.
Companies Profiled
- Avis Budget Group Inc.
- Bayerische Motoren Werke AG
- Bolt Technology OU
- cambio Mobility Service GmbH and Co. KG
- Carrot
- Cityhop
- Communauto Group
- DiDi Global Inc.
- DRIVALIA S.p.A.
- ekar Car Rental LLC
- Enterprise Holdings Inc.
- Getaround Inc.
- GoGet Carshare
- Hertz Global Holdings Inc.
- HOURCAR
- Hyundai Motor Co.
- iDrive
- Lyft Inc.
- Mobility Cooperative
- Modo Co operative
- Motor Share FZ LLC
- Orix Corp.
- Peg City Car Co op
- Regina Car Share Co operative
- Stellantis NV
- Turo Inc.
- Vulog
- Zoomcar India Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/thpe3w
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