Vendor Insights
The global Car-as-a-Service market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- AB Volvo
- Beijing Xiaoju Technology Co. Ltd.
- BMW Group
- Daimler AG
- Ford Motor Co.
- Hertz Global Holdings Inc.
- Hyundai Motor Co.
- Lyft Inc.
- SIXT SE
- Uber Technologies Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Sample Report.
Geographical Market Analysis
APAC will account for 47% of market growth. The two biggest markets for the worldwide car-as-a-service industry in APAC are China and Japan. This region's market will grow more quickly than other regions' markets.
Over the projected period, the expansion of the worldwide car-as-a-service market in APAC will be facilitated by the vast selection of automobiles available with a single subscription package.
Furthermore, countries such as the US, China, Japan, UK, and Germany are expected to emerge as prominent markets for Car-as-a-Service Market during the forecast period.
Know more about this market's geographical distribution along with a detailed analysis of the top regions. Click here to get a sample report.
Key Segment Analysis
The car rental segment will significantly increase its global market share. A car rental service provides vehicles for rent for a set period of time, which may be a set number of hours, a whole day, or a full week. Due to the increased demand for easy and high-quality travel services as well as the growth of both domestic and international tourism in nations like France and India, the vehicle rental market is predicted to expand. During the projection period, these factors will raise demand for the market under consideration.
View Sample: to know additional highlights and key points on various market segments and their impact in coming years.
Key Market Drivers & Challenges:
One of the main drivers propelling the expansion of the worldwide car-as-a-service market is the large selection of automobiles available with a single subscription plan. The rise of the worldwide car-as-a-service market will be fueled by the rising investment in autonomous taxis. However, one of the biggest obstacles to the growth of the worldwide car-as-a-service business is the availability of automobile financing.
Get a Sample for highlights on market Drivers & Challenges affecting the Car-as-a-Service Market.
Customize Your Report
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
Do reach out to our analysts for more customized reports as per your requirements. Speak to an analyst now!
Related Reports:
Refrigerated Transportation Market in US by End-user and Mode of Transportation - Forecast and Analysis 2022-2026
Road Freight Transport Market in Colombia by End-user and Type - Forecast and Analysis 2022-2026
Global Car-as-a-service Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 18.83% |
Market growth 2021-2025 |
$ 187.05 billion |
Market structure |
Fragmented |
YoY growth (%) |
21.67 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 47% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AB Volvo, Beijing Xiaoju Technology Co. Ltd., BMW Group, Daimler AG, Ford Motor Co., Hertz Global Holdings Inc., Hyundai Motor Co., Lyft Inc., SIXT SE, and Uber Technologies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Trucking
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 15: Type - Market share 2020-2025 (%)
- 5.2 Comparison by Type
- Exhibit 16: Comparison by Type
- 5.3 Ride hailing - Market size and forecast 2020-2025
- Exhibit 17: Ride hailing - Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: Ride hailing - Year-over-year growth 2020-2025 (%)
- 5.4 Car rental - Market size and forecast 2020-2025
- Exhibit 19: Car rental - Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Car rental - Year-over-year growth 2020-2025 (%)
- 5.5 Car sharing - Market size and forecast 2020-2025
- Exhibit 21: Car sharing - Market size and forecast 2020-2025 ($ billion)
- Exhibit 22: Car sharing - Year-over-year growth 2020-2025 (%)
- 5.6 Car subscription - Market size and forecast 2020-2025
- Exhibit 23: Car subscription - Market size and forecast 2020-2025 ($ billion)
- Exhibit 24: Car subscription - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by Type
- Exhibit 25: Market opportunity by Type
6 Customer Landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 North America - Market size and forecast 2020-2025
- Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 33: Europe - Market size and forecast 2020-2025 ($ billion)
- Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 35: South America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 37: MEA - Market size and forecast 2020-2025 ($ billion)
- Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 42: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 43: Landscape disruption
- Exhibit 44: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 45: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3 AB Volvo
- Exhibit 47: AB Volvo - Overview
- Exhibit 48: AB Volvo - Business segments
- Exhibit 49: AB Volvo - Key offerings
- Exhibit 50: AB Volvo - Segment focus
- 10.4 Beijing Xiaoju Technology Co. Ltd.
- 10.5 BMW Group
- Exhibit 54: BMW Group - Overview
- Exhibit 55: BMW Group - Business segments
- Exhibit 56: BMW Group - Key news
- Exhibit 57: BMW Group - Key offerings
- Exhibit 58: BMW Group - Segment focus
- 10.6 Daimler AG
- Exhibit 59: Daimler AG - Overview
- Exhibit 60: Daimler AG - Business segments
- Exhibit 61: Daimler AG - Key news
- Exhibit 62: Daimler AG - Key offerings
- Exhibit 63: Daimler AG - Segment focus
- 10.7 Ford Motor Co.
- Exhibit 64: Ford Motor Co. - Overview
- Exhibit 65: Ford Motor Co. - Business segments
- Exhibit 66: Ford Motor Co. - Key news
- Exhibit 67: Ford Motor Co. - Key offerings
- Exhibit 68: Ford Motor Co. - Segment focus
- 10.8 Hertz Global Holdings Inc.
- Exhibit 69: Hertz Global Holdings Inc. - Overview
- Exhibit 70: Hertz Global Holdings Inc. - Business segments
- Exhibit 71: Hertz Global Holdings Inc. - Key offerings
- Exhibit 72: Hertz Global Holdings Inc. - Segment focus
- 10.9 Hyundai Motor Co.
- Exhibit 73: Hyundai Motor Co. - Overview
- Exhibit 74: Hyundai Motor Co. - Business segments
- Exhibit 75: Hyundai Motor Co. - Key news
- Exhibit 76: Hyundai Motor Co. - Key offerings
- Exhibit 77: Hyundai Motor Co. - Segment focus
- 10.10 Lyft Inc.
- Exhibit 78: Lyft Inc. - Overview
- Exhibit 79: Lyft Inc. - Business segments
- Exhibit 80: Lyft Inc. - Key offerings
- 10.11 SIXT SE
- Exhibit 81: SIXT SE - Overview
- Exhibit 82: SIXT SE - Business segments
- Exhibit 83: SIXT SE - Key offerings
- Exhibit 84: SIXT SE - Segment focus
- 10.12 Uber Technologies Inc.
- Exhibit 85: Uber Technologies Inc. - Overview
- Exhibit 86: Uber Technologies Inc. - Business segments
- Exhibit 87: Uber Technologies Inc. - Key offerings
- Exhibit 88: Uber Technologies Inc. - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 89: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 90: Research Methodology
- Exhibit 91: Validation techniques employed for market sizing
- Exhibit 92: Information sources
- 11.4 List of abbreviations
- Exhibit 93: List of abbreviations
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article