Carsharing Market to witness a massive 34%+ growth over 2016-2024

OCEAN VIEW, Del., July 26, 2017 /PRNewswire-iReach/ -- General Motors partnering with Uber in 2016, is an instance of industry giants collaborating to stimulate global Carsharing market size. Shifting trends toward shared mobility coupled with heavy R&D investments by core companies across the globe is also likely to propel car sharing market value over the coming seven years.

As per Global Market Insights Inc.,"car sharing market is slated to record a massive double digit y-o-y growth (34.8%), with a projected revenue collection of more than USD 16.5 billion by 2024."

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One way and round trip are the basic two business models prevalent in the industry. One way car sharing industry is witnessing a huge adoption owing to its operational advantages and customer flexibility. Moreover, round trip carsharing market will also observe substantial growth trends in the coming years, attributed to the benefits associated with this business model such as less carbon dioxide emissions and cost effectiveness.

Carsharing industry share from business applications is anticipated to experience a significant upswing over the coming time frame. Increasing on-demand mobility among corporates is influencing its large-scale implementation in the global business space. Vehicle parking space which is a major problem faced by several leading corporate firms, can also be addressed by the incorporation of car sharing services in the business world. Corporate applications which held a major portion of industry share is past years, is forecast to continue its prominence in the application landscape. Driven by on time availability and dependability, car sharing market from private application will also grow substantially in the years ahead.

The growth trajectory of China market is tremendous. As per estimates, China car sharing market is slated to grow staggeringly at an annual rate of 40% over 2016-2024. Presence of a large number of established market players such as Park24 and Orix Auto, as well as startups is catering the industry growth in this region. Furthermore, numerous automotive manufacturers and vendors are investing in Chinese companies, which in a way is influencing the regional market dynamics. U.S. dominated the global car sharing industry in 2015, owing to the rapid regional technological advancements.

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Improper transportation infrastructure especially in emerging economies, including China, Turkey, Mexico is posing a great threat to car sharing market. However, the increasing popularity of the car sharing services among younger population to avoid traffic hassles will provide a lucrative roadmap for the industry over the years ahead. Some of the prominent players in carsharing industry include DriveNow, AutoLiv, Zip Car, Car2go, and Uber.

Browse key industry insights spread across 130 pages with 52 market data tables & 13 figures & charts from the report, "Car Sharing Market Size By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Turkey, Russia, China, India, Japan, South Korea, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/carsharing-market

Chapter 3   Car Sharing Industry Insights

3.1   Industry segmentation

3.2   Industry size and forecast, 2013 - 2024

3.3   Industry ecosystem analysis

3.3.1   Vendor matrix

3.4   Technology & innovation landscape

3.4.1   Radio Frequency (RF)

3.4.2   GPS based navigation

3.4.3   Autonomous vehicles

3.4.4   Electric vehicles

3.4.4.1    Battery electric car, stock by country, 2012-2015

3.4.4.2    Plug-in hybrid electric cars, stock by country, 2012-2015

3.5   Regulatory landscape

3.5.1   Vehicle Excise and Registration Act 1994 (Section 29)

3.5.2   Environment Protection Agency Regulation

3.5.3   Regulation for Greenhouse Gas Emission from Passenger cars and Trucks

3.5.4   Road Traffic Act 1988

3.6   Industry impact forces

3.6.1   Growth drivers

3.6.1.1    Stringent government regulations

3.6.1.2    Penetration of advanced technology

3.6.1.3    Escalating adoption of in-vehicle connectivity

3.6.1.4     Rising need for mobility on-demand

3.6.1.5     Reduction in traveling/commuting cost

3.6.2   Industry pitfalls and challenges

3.6.2.1    Inadequate transportation infrastructure

3.6.2.2    Fierce competition from similar transport models

3.6.2.3    Lack of flexibility

3.7   Car sharing business model

3.8   Evolution of shared mobility

3.8.1   International car sales outlook

3.8.1.1     U.S.

3.8.1.2     Canada

3.8.1.3     Germany

3.8.1.4     UK

3.8.1.5     France

3.8.1.6     Turkey

3.8.1.7     Russia

3.8.1.8     China

3.8.1.9     India

3.8.1.10    Japan

3.8.1.11    South Korea

3.8.1.12    Brazil

3.8.1.13    Mexico

3.8.1.14    MEA

3.9   Operational model of corporate car sharing

3.9.1   Registration

3.9.2   Access booking platform

3.9.3   Reserve car

3.9.4   Access car

3.9.5   Check car

3.9.6   Drive car

3.9.7   Return car

3.9.8   Invoice

3.10   Consumer insights

3.11   Growth potential analysis

3.12   Porter's analysis

3.13   Competitive landscape, 2015

3.13.1    North America

3.13.2    Europe

3.13.3    Asia Pacific

3.13.4     Mergers and acquisitions landscape

3.13.5     Investment/go-to-market landscape

3.14   PESTEL analysis

Browse Full TOC @https://www.gminsights.com/toc/detail/carsharing-market

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Media Contact:Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com

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