Car Sharing Providers
Car sharing is a membership-based service that provides members with hourly access to a fleet of vehicles to be used at their discretion. The growth of sharing economy industries, including the Car Sharing Providers industry, has intertwined with the rise of internet-connected mobile devices. The rise of car sharing could not have come at a better time, as governments and institutions alike are scrambling to reduce congestion and free up parking space. Moreover, growing concern over CO2 emissions and an overall shift toward environmentally friendly practices have caused demand for car sharing to balloon over the past five years. Over the five years to 2023, the industry is forecast to benefit from its strengthening university market. However, its acquisition-heavy nature may slow future expansion.
This industry is composed of establishments that offer membership-based car rental services, typically for shorter time periods and distances as compared with traditional car renters. Although pricing structures may vary, operators often charge by the mile and by the minute or hour in addition to a flat fee.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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