Dublin, Nov. 09, 2022 (GLOBE NEWSWIRE) -- The "Global Car Subscription Market, By Service Provider, By Subscription Period, By Subscription Type [Single Brand, Multi Brand], By End Use, By Propulsion Type, By Company, By Region, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The global car subscription market is expected to witness growth at a significant CAGR during the forecast period, 2023-2027
The market growth can be attributed to rising popularity of vehicle subscription services, due to its cost-effectiveness and easier accessibility. Besides, car subscription service providers offer flexibility and convenience, which attracts diverse consumer base.
Moreover, emergence of increasing number of premium OEMs is expected to fuel the market growth in the coming years. Rapid digitization of the automotive industry and increasing availability of high-speed internet are anticipated to boost the market growth.
Based on regional analysis, the Europe region is expected to hold the largest market share in the forecast period, 2023-2027. Presence of key players in the region, growing demand for car subscriptions and shared mobility services are accelerating the demand for the global car subscription in the region.
Objective of the Study:
- To analyze the historical growth in the market size of global car subscription market from 2017 to 2021.
- To estimate and forecast the market size of global car subscription market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast global car subscription market based on service provider, subscription period, subscription type, end use, propulsion type, region, and company.
- To identify dominant region or segment in the global car subscription market.
- To identify drivers and challenges for global car subscription market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global car subscription market.
- To identify and analyze the profile of leading players operating in global car subscription market.
- To identify key sustainable strategies adopted by market players in global car subscription market.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global car subscription market.
- Drover Limited
- Fair Financial Corp.
- OpenRoad Auto Group
- Facedrive Inc.
- DAIMLER AG
- Toyota Motor Corporation
- Volvo Car Corporation
- Porsche Smart Mobility, Inc.
- Hyundai Motor Company
- Fresh Car
Report Scope:
Global Car Subscription Market, By Service Provider:
- OEM/Captives
- Mobility Provider
- Technology Companies
Global Car Subscription Market, By Subscription Period:
- 1 to 6 Months
- 6 to 12 Months
- More than 12 Months
Global Car Subscription Market, By Subscription Type:
- Single Brand (Single Brand Swap)
- Multi Brand
Global Car Subscription Market, By End Use:
- Private
- Corporate
Global Car Subscription Market, By Propulsion Type:
- ICE
- EV
Global Car Subscription Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- Russia
- Turkey
- Poland
- Slovakia
- Czech Republic
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Malaysia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Qatar
- Kuwait
- South America
- Brazil
- Argentina
For more information about this report visit https://www.researchandmarkets.com/r/4c3muh
