Carsharing Market Sector to New Peak- Business Data 2014–2025

-

Carsharing market is projected to reach $10,846.9 million by 2025, advancing at a CAGR of 11.0% during the forecast period, according to P&S Intelligence.

Favorable government regulations for carsharing services, growing concerns over environmental emissions, increasing demand for more convenient and cost-effective mobility solutions, and advancements in technology are the key factors driving the growth of the market.

Moreover, carsharing services are extremely convenient for daily commuters, primarily office-goers and students, as they can enjoy driving to their required destination without having the hassles of owning and maintaining their own cars. Thus, the factor of greater convenience associated with such services continues to boost their demand and impact the carsharing market positively.

What are the factors impacting the growth of this market?
With countries around the world emphasizing carsharing model over car ownership to minimize traffic congestion and environmental pollution, various government policies are taking shape and playing a pivotal role in this. Apart from the national governments that are reforming policies to facilitate the implementation of carsharing programs, city and state authorities are taking initiatives to accelerate the adoption of these programs locally, thus driving the growth of the carsharing market. For instance, in November 2018, Mayor of London Sadiq Khan announced his plans to initiate the building of public parking spaces in order to facilitate the parking of public vehicles, with the intention of reducing car ownership in the city.

How is the market growing, geographically?
APAC standing as the largest market for carsharing services globally
APAC is expected to continue holding the largest share in the global carsharing market, with an estimated revenue of over 40% in 2018. Of all countries around the world, China continues to remain the largest market for carsharing services. In 2017, several cities across China increased the usage of electric vehicles across carsharing platforms to promote greener environment. With continuous support from the government in the form of policies and incentives, the market in China is expected to demonstrate robust growth in the future as well.

Request to Get the Sample Report@
https://www.psmarketresearch.com/market-analysis/car-sharing-market/report-sample


Some of the major players operating in the carsharing market are Car2Go Ltd., cambio Mobilitätsservice GmbH & Co. KG, Cityhop Ltd., Communauto inc., DriveNow GmbH & Co. KG, Getaround Inc., CarShare Australia Pty. Ltd., Ekar FZ LLC, HOURCAR, Locomute (Pty.) Ltd., Peg City Car Co-op Ltd., Turo Inc., ORIX Auto Corporation, Mobility Cooperative, Modo Cooperative, Lyft Inc., Hertz Global Holdings Inc., and Zipcar Inc.

Comments

Post a Comment

Popular posts from this blog

Demand for Electric Bike Set for Stupendous Growth in China and Post 2020, Buoyed by the Global COVID-19 Pandemic

-
In the 1950s, less than 20% of the Chinese people were urban dwellers, and by 2018, this percentage had soared to 59%, as per the World Urbanization Prospects 2018 report of the United Nations (UN). This has led to a massive rise in the number of automobiles on the roads of China, in part, making it the largest carbon emitter in the world. As a result, its government has been strongly encouraging the public to adopt electric vehicles (EV) by implementing stringent emission regulations and offering purchase subsidies and tax rebates. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market/report-sample P&S Intelligence says that the increasing urbanization level, which is expected to touch almost 70% by 2030, will drive the electric bike market in China from $7.7 billion in 2017 to $12.5 billion by 2025, at a 6.1% CAGR during 2018–2025 (forecast period). As per the Health Effects Institute and Tsing...
Read more

Automotive Camera Module Market Future Estimations Till 2030

-
Image
The Global New Car Assessment Programme (Global NACP) launched by the Towards Zero Foundation aims to create a world that is free from road fatalities and serious injuries. This programme supports the democratization of vehicle safety by encouraging the adoption of advanced automotive designs and technologies across the world. Additionally, NACP also aspires to promote the deployment of vehicle safety technologies with proven effectiveness by increasing public awareness regarding such features and supporting their mandatory application. To comply with the safety standards of this programme, automakers are increasingly integrating automotive camera modules in their offerings. Additionally, the accelerating demand for autonomous and luxury vehicles will also contribute to the progress of the automotive camera module market during 2020–2030. According to the Autonomous Vehicle Implementation Predictions: Implications for Transport Planning, published by the Victoria Transportation Policy ...
Read more

Opportunities for the Micromobility Market in the Future

-
Image
Taking out a car for short distances doesn’t make sense anymore, since air pollution is wreaking havoc on people. As most cars on the roads are still powered by diesel or gasoline (known as petrol in Commonwealth countries), people are shifting to lighter vehicles, such as scooters and motorcycles, since they release lower amounts of greenhouse gases. Going a step forward, many have started shunning personal vehicles altogether in favor of shared mobility. The concept of shared mobility, when applied to two-wheelers, is known as micromobility, which also includes kick scooter sharing services, apart from scooter sharing and bike (bicycle) sharing services. Request to Get the Sample Report@  https://www.psmarketresearch.com/market-analysis/micromobility-market/report-sample   P&S Intelligence claims that due to the various advantages of these services, the micromobility market will grow rapidly from $3.0 billion in 2018 to $9.8 billion by 2025, at a robust 19.9% C...
Read more