Car sharing market size to grow by USD 14,854.25 million from 2022 and 2027; APAC to account for 30% of the market growth - Technavio

NEW YORK, April 27, 2023 /PRNewswire/ -- The global car sharing market size is estimated to grow by USD 14,854.25 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 20.03% during the forecast period. APAC will account for 30% of the market growth during the forecast period. Improving economic conditions in countries such as China and India has led to a rise in the disposable income of people. In addition, the ease of regulations related to foreign direct investments (FDI) in these countries has attracted investments from global players. Furthermore, growing urbanization and an increase in disposable income of the population of several economies in the region have increased the demand for car-sharing services, which is driving the regional market growth. Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports- Request a sample report

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Global Car Sharing Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on end-user (business and individual), mode of booking (online and offline), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

• The market growth in the business segment will be significant over the forecast period. Car sharing services allow enterprises to optimize their fleet management and significantly reduce fleet-related costs. They also allow companies to offer an attractive mobility solution to their employees. Such benefits, coupled with the increase in the dedicated fleet of shared-use vehicles, will drive the growth of the segment.

Insights on the market contribution of various segments, including country- and region-
wise data, historic (2017 to 2021) data, and forecast market size (2023 to 2027) -
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Global Car Sharing Market – Market Dynamics

Key factor driving market growth

The market is driven by stringent government regulations regarding emission control. Regulatory authorities across the world are formulating various vehicular emission norms to monitor particulate emissions. For instance, in 2009, the Euro emission standards introduced mandatory carbon dioxide regulations for passenger cars. The regulation set a target of 130 g/km for all manufacturers combined. Similarly, in April 2020, the National Highway Traffic Safety Administration (NHTSA) and the US Environment Protection Agency (EPA) amended the CAFE and greenhouse gas emissions standards for passenger cars and light trucks and established new regulations. With emission norms becoming more stringent, the need for car sharing is increasing among end-users, which is driving market growth.

Leading trends influencing the market 

Increasing investments in autonomous car production is identified as the key trend in the market. Automakers worldwide are making significant investments in the development of autonomous vehicles. These vehicles are incorporated with advanced connected car technologies and sensors that help determine the velocity, range, and angles of objects. Developments in autonomous vehicle technologies are expected to increase the use of autonomous vehicles in car sharing services. This trend will positively influence the market growth during the forecast period.

Major challenges hindering the market growth

The growing adoption of ride-sharing services will challenge the growth of the market. Ride sharing services are increasingly becoming popular among consumers worldwide. This is increasing the entry of several players offering ride sharing services. For instance, in April 2021, electric moped-sharing company Revel launched its first Tesla-powered ride-share program. Similarly, Rapido offers bike taxi services, which is an alternative to car sharing services. The increasing popularity of such services challenges the growth of the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this car sharing market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the car sharing market between 2023 and 2027
• Precise estimation of the size of the car sharing market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the car sharing market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of car sharing market vendors

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Related Reports:

The ride sharing market is estimated to grow at a CAGR of 17.45% between 2022 and 2027. The size of the market is forecast to increase by USD 86.33 billion. The market is segmented by end-user (individual and business), type (car and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The ridesharing market in France is estimated to grow at a CAGR of 12.82% between 2022 and 2027. The size of the market is forecasted to increase by USD 2,473.33 million. The market is segmented by service type (E-hailing and station-based), vehicle type (car and others), and connectivity (short distance and long distance).

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Mode of Booking
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global car sharing market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global car sharing market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Mode of booking Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Mode of booking Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Business - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Business - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Business - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Business - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Business - Year-over-year growth 2022-2027 (%)

• 6.4 Individual - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Individual - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Individual - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Individual - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Individual - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)
• Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Mode of Booking

• 7.1 Market segments
• Exhibit 44: Chart on Mode of Booking - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Mode of Booking - Market share 2022-2027 (%)

• 7.2 Comparison by Mode of Booking 
• Exhibit 46: Chart on Comparison by Mode of Booking
• Exhibit 47: Data Table on Comparison by Mode of Booking

• 7.3 Online - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.4 Offline - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Mode of Booking 
• Exhibit 56: Market opportunity by Mode of Booking ($ million)
• Exhibit 57: Data Table on Market opportunity by Mode of Booking ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Avis Budget Group Inc. 
• Exhibit 111: Avis Budget Group Inc. - Overview
• Exhibit 112: Avis Budget Group Inc. - Business segments
• Exhibit 113: Avis Budget Group Inc. - Key offerings
• Exhibit 114: Avis Budget Group Inc. - Segment focus

• 12.4 Beijing Xiaoju Technology Co. Ltd. 
• Exhibit 115: Beijing Xiaoju Technology Co. Ltd. - Overview
• Exhibit 116: Beijing Xiaoju Technology Co. Ltd. - Product / Service
• Exhibit 117: Beijing Xiaoju Technology Co. Ltd. - Key offerings

• 12.5 BMW AG
• Exhibit 118: BMW AG - Overview
• Exhibit 119: BMW AG - Business segments
• Exhibit 120: BMW AG - Key offerings
• Exhibit 121: BMW AG - Segment focus

• 12.6 cambio Mobilitatsservice GmbH and Co. KG 
• Exhibit 122: cambio Mobilitatsservice GmbH and Co. KG - Overview
• Exhibit 123: cambio Mobilitatsservice GmbH and Co. KG - Product / Service
• Exhibit 124: cambio Mobilitatsservice GmbH and Co. KG - Key offerings

• 12.7 Carrot
• Exhibit 125: Carrot - Overview
• Exhibit 126: Carrot - Product / Service
• Exhibit 127: Carrot - Key offerings

• 12.8 Carshare Australia Pty Ltd. 
• Exhibit 128: Carshare Australia Pty Ltd. - Overview
• Exhibit 129: Carshare Australia Pty Ltd. - Product / Service
• Exhibit 130: Carshare Australia Pty Ltd. - Key offerings

• 12.9 Communauto Inc.
• Exhibit 131: Communauto Inc. - Overview
• Exhibit 132: Communauto Inc. - Product / Service
• Exhibit 133: Communauto Inc. - Key offerings

• 12.10 ekar Car Rental LLC
• Exhibit 134: ekar Car Rental LLC - Overview
• Exhibit 135: ekar Car Rental LLC - Product / Service
• Exhibit 136: ekar Car Rental LLC - Key offerings

• 12.11 Enterprise Holdings Inc. 
• Exhibit 137: Enterprise Holdings Inc. - Overview
• Exhibit 138: Enterprise Holdings Inc. - Product / Service
• Exhibit 139: Enterprise Holdings Inc. - Key news
• Exhibit 140: Enterprise Holdings Inc. - Key offerings

• 12.12 Getaround Inc.
• Exhibit 141: Getaround Inc. - Overview
• Exhibit 142: Getaround Inc. - Product / Service
• Exhibit 143: Getaround Inc. - Key offerings

• 12.13 KINTO New Zealand Ltd. 
• Exhibit 144: KINTO New Zealand Ltd. - Overview
• Exhibit 145: KINTO New Zealand Ltd. - Product / Service
• Exhibit 146: KINTO New Zealand Ltd. - Key offerings

• 12.14 Lyft Inc
• Exhibit 147: Lyft Inc - Overview
• Exhibit 148: Lyft Inc - Product / Service
• Exhibit 149: Lyft Inc - Key offerings

• 12.15 Mobility Cooperative
• Exhibit 150: Mobility Cooperative - Overview
• Exhibit 151: Mobility Cooperative - Product / Service
• Exhibit 152: Mobility Cooperative - Key offerings

• 12.16 Modo Co-operative
• Exhibit 153: Modo Co-operative - Overview
• Exhibit 154: Modo Co-operative - Product / Service
• Exhibit 155: Modo Co-operative - Key offerings

• 12.17 Orix Corp.
• Exhibit 156: Orix Corp. - Overview
• Exhibit 157: Orix Corp. - Business segments
• Exhibit 158: Orix Corp. - Key news
• Exhibit 159: Orix Corp. - Key offerings
• Exhibit 160: Orix Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 163: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 13.5 List of abbreviations 
• Exhibit 167: List of abbreviations

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