Car Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Car Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global car sharing market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 16% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Carsharing refers to a car rental service wherein individuals rent cars for a short time. It supports community transit, helps achieve environmental goals, decreases personal car ownership, reduces total distance traveled by the vehicle, improves urban land use and development, and provides affordable access to vehicles. At present, the rising need for cost-effective and convenient mobility services, in confluence with advancements in technology that facilitate simplified access to shared mobility platforms, is positively influencing the demand for carsharing.

There is a significant rise in the demand for carsharing services on account of the rising greenhouse emissions, growing environmental concerns and the increasing adoption of novel mobility solutions. As a result, governments of numerous countries are undertaking initiatives and conducting awareness campaigns to curb emissions and reduce the ownership of private vehicles. Consequently, carsharing services have emerged as an effective solution. Apart from this, the market growth can also be accredited to the expanding share of peer-to-peer (P2P) lending services, which allow private car owners to rent personal cars. Furthermore, various organizations are relying on corporate carsharing as it enables employees to stay punctual, reduces fleet management costs of the company and eliminates the requirement for large parking spaces. However, due to the sudden outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of several countries, the market has been adversely impacted. It is anticipated to witness growth once normalcy is regained.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global car sharing market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on car type, business model and application.

Breakup by Car Type:

Economy
Executive
Luxury
Others

Breakup by Business Model:

P2P
Station Based
Free-Floating

Breakup by Application:

Business
Private

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Autolib (Bollore), Cambio Mobilitätsservice GmbH & Co. KG, Car2Go Ltd., CarShare Australia Pty. Ltd., Cityhop Ltd., Communauto Inc., DriveNow GmbH & Co. KG (BMW AG), Ekar FZ LLC, Getaround Inc., HOURCAR, Locomute (Pty.) Ltd., Lyft Inc., Mobility Cooperative, Modo Co-operative, Turo Inc. (ICA) and Zipcar Inc. (Avis Budget Group). Key Questions Answered in This Report:
How has the global car sharing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global car sharing market?
What are the key regional markets?
What is the breakup of the market based on the car type?
What is the breakup of the market based on the business model?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global car sharing market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.1 Key Industry Trends
5 Global Car Sharing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Car Type
6.1 Economy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Executive
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Luxury
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Business Model
7.1 P2P
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Station Based
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Free-Floating
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Business
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Private
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Autolib (Bollore)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Cambio Mobilitätsservice GmbH & Co. KG
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Car2Go Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 CarShare Australia Pty. Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Cityhop Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Communauto Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 DriveNow GmbH & Co. KG (BMW AG)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Ekar FZ LLC
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Getaround Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 HOURCAR
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Locomute (Pty.) Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Lyft Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Mobility Cooperative
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 Modo Co-operative
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.15 Turo Inc. (ICA)
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.16 Zipcar Inc. (Avis Budget Group)
14.3.16.1 Company Overview
14.3.16.2 Product Portfolio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings