Global Automotive Subscription Services Market 2020-2024
Technavio has been monitoring the global automotive subscription services market 2020-2024 and it is poised to grow by USD 9.15 bn during 2020-2024, progressing at a CAGR of 64% during the forecast period. Our reports on global automotive subscription services market 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by option to select from a wide range of vehicles under single subscription. In addition, increasing smartphone and internet penetration is anticipated to boost the growth of the global automotive subscription services market 2020-2024 as well.
Technavio's global automotive subscription services market 2020-2024 is segmented as below:
- Dealership/third Party
- North America
- South America
Key Trends for global automotive subscription services market 2020-2024 growth
This study identifies increasing smartphone and internet penetration as the prime reasons driving the global automotive subscription services market 2020-2024 growth during the next few years.
Prominent vendors in global automotive subscription services market 2020-2024
We provide a detailed analysis of around 25 vendors operating in the global automotive subscription services market 2020-2024, including some of the vendors such as AB Volvo, BMW AG, Cox Automotive Inc., Daimler AG, Fair Financial Corp., Flexdrive Services LLC, General Motors Co., Hyundai Motor Co., Tesla Inc. and Volkswagen AG .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.