Car Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Car Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global car sharing market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2023-2028.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global car sharing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on car type, business model and application.

Breakup by Car Type:


Breakup by Business Model:

Station Based

Breakup by Application:


Breakup by Region:

North America

United States


South Korea


United Kingdom

Latin America


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
4.2  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 Market Trends Market Forecast
  9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
  9.2.1 China Market Trends Market Forecast
  9.2.2 Japan Market Trends Market Forecast
  9.2.3 India Market Trends Market Forecast
  9.2.4 South Korea Market Trends Market Forecast
  9.2.5 Australia Market Trends Market Forecast
  9.2.6 Indonesia Market Trends Market Forecast
  9.2.7 Others Market Trends Market Forecast
9.3 Europe
  9.3.1 Germany Market Trends Market Forecast
  9.3.2 France Market Trends Market Forecast
  9.3.3 United Kingdom Market Trends Market Forecast
  9.3.4 Italy Market Trends Market Forecast
  9.3.5 Spain Market Trends Market Forecast
  9.3.6 Russia Market Trends Market Forecast
  9.3.7 Others Market Trends Market Forecast
9.4 Latin America
  9.4.1 Brazil Market Trends Market Forecast
  9.4.2 Mexico Market Trends Market Forecast
  9.4.3 Others Market Trends 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) Company Overview Product Portfolio
  14.3.2 Cambio Mobilitätsservice GmbH & Co. KG Company Overview Product Portfolio Financials
  14.3.3 Car2Go Ltd. Company Overview Product Portfolio
  14.3.4 CarShare Australia Pty. Ltd. Company Overview Product Portfolio
  14.3.5 Cityhop Ltd. Company Overview Product Portfolio
  14.3.6 Communauto Inc. Company Overview Product Portfolio
  14.3.7 DriveNow GmbH & Co. KG (BMW AG) Company Overview Product Portfolio
  14.3.8 Ekar FZ LLC Company Overview Product Portfolio
  14.3.9 Getaround Inc. Company Overview Product Portfolio
  14.3.10 HOURCAR Company Overview Product Portfolio
  14.3.11 Locomute (Pty.) Ltd. Company Overview Product Portfolio
  14.3.12 Lyft Inc. Company Overview Product Portfolio Financials SWOT Analysis
  14.3.13 Mobility Cooperative Company Overview Product Portfolio
  14.3.14 Modo Co-operative Company Overview Product Portfolio
  14.3.15 Turo Inc. (ICA) Company Overview Product Portfolio
  14.3.16 Zipcar Inc. (Avis Budget Group) Company Overview Product Portfolio

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