Global Car-Sharing Market Size, Status and Forecast 2021-2027

Car-sharing is a membership-based, self-service system that contains a network of stations and vehicles, which is an alternative to traditional car ownership for individuals and companies. In this system, vehicles are owned by a separate firm or an organization or individuals, and are shared by users for short periods of time. Over the past three decades, car-sharing has grown from a basic service provided by popular organizations to a widely recognized Urban Transport industry. It is also quickly developing into a globalized industry providing transportation, land use, environmental, and social benefits.
The use of advanced technologies is creating lucrative opportunities for the car sharing market growth. Industries are actively integrating technologically-advanced systems such as vehicle access and reservation systems into their vehicles to gain prominence in the carsharing market. The vehicle access system enables keyless entry whereas the reservation system allows the users to freeze their vehicles as per their time of need. For instance, Zipcar uses a zipcard as a vehicle access technique to unlock the doors of their vehicles and Enterprise CarShare uses a mobile app for reservation system to provide a selection of cars and the duration of usage for the customers. The adoption of such technologies will fuel the car sharing market growth. The absence of proper transportation infrastructure is posing a great challenge to the car sharing market. Poor road conditions in India, Turkey, and Africa are limiting the adoption of the car sharing model. Growing traffic congestion due to lack of road infrastructure is discouraging the users to opt for cars as a mode of transport. Moreover, limited parking on the street or in public garages is restraining the adoption of station-based car sharing platform.

Market Analysis and Insights: Global Car-Sharing Market
The global Car-Sharing market size is projected to reach US$ XX million by 2026, from US$ XX million in 2019, at a CAGR of XX% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Car-Sharing market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Car-Sharing market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Car-Sharing market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Car-Sharing market.

Global Car-Sharing Scope and Market Size
Car-Sharing market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Car-Sharing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
P2P
Station-Based
Free-Floating

Segment by Application
Business
Private

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Car2Go
Communauto
Enterprise CarShare
Liftshare.com
Zipcar
City Hop
E-Car
eHi
GoGet Car Share
Liftshare.com