What is Global Carsharing Market?
The Global Carsharing Market is a rapidly expanding sector in the automotive industry, offering a flexible and convenient alternative to traditional car ownership. Carsharing is a model of car rental where people rent cars for short periods, often by the hour or minute. It is attractive to customers who make only occasional use of a vehicle, as well as others who would like occasional access to a vehicle of a different type than they use day-to-day. The organizations offering these services brand these offerings as more convenient, cheaper, and more environmentally friendly than traditional car ownership. The global carsharing market is expected to grow significantly in the coming years due to increasing urbanization, growth in the digital platform, and increasing environmental concerns.
Roundtrip, One-way, Peer-to-peer, Fractional in the Global Carsharing Market:
The Global Carsharing Market is segmented into Roundtrip, One-way, Peer-to-peer, and Fractional. Roundtrip carsharing is the traditional model where users pick up and return the car at the same location. One-way carsharing allows users to pick up a vehicle at one location and drop it off at another. Peer-to-peer carsharing is a model where car owners allow others to rent their vehicles when they are not using them. Fractional carsharing is a model where a group of individuals share the ownership of a vehicle. Each of these segments has its own unique features and benefits, and they cater to different customer needs and preferences.
Age 18-24, Age 25-34, Age 35-44, Age 45-54, Age 55-64 in the Global Carsharing Market:
The Global Carsharing Market is widely used across different age groups. For the age group 18-24, carsharing provides a cost-effective and convenient transportation solution, especially for college students and young professionals. For the age group 25-34, carsharing is an attractive option for those who are starting their careers and families and are looking for ways to save money. For the age group 35-44, carsharing provides flexibility for those who have a busy lifestyle and need a car for occasional use. For the age group 45-54, carsharing is a practical solution for those who are looking to reduce their carbon footprint. For the age group 55-64, carsharing provides an affordable and convenient transportation solution for those who are retired or nearing retirement.
Global Carsharing Market Outlook:
In 2023, the global Carsharing market was valued at US$ 2932 million. It is projected to reach a staggering US$ 9193.8 million by 2030, growing at a compound annual growth rate (CAGR) of 17.4% during the forecast period from 2024 to 2030. Currently, the majority of the world's automobiles, over 90%, are located in Asia, Europe, and North America. Asia leads the pack, accounting for 56% of global automobile production, followed by Europe at 20%, and North America at 16%. This distribution of automobiles across these continents plays a significant role in the growth and development of the carsharing market.
| Report Metric | Details |
| Report Name | Carsharing Market |
| Accounted market size in 2023 | US$ 2932 million |
| Forecasted market size in 2030 | US$ 9193.8 million |
| CAGR | 17.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Uber, Lyft, Zipcar, Getaround, Avis, U-Haul, Car2Go, Via, Ola Cabs, Grab, Go-Jek, BlaBlaCar, Communauto, Enterprise CarShare, Liftshare.com, City Hop, eHi, GoGet Car Share, Mobility CarSharing, Modo (car co-op) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
