Global Carsharing Market to Reach $9.9 Billion by 2030: Players Include Share Now, Cityhop, Getaround, Turo and Lyft

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Mar 02, 2023, 19:45 ET

DUBLIN, March 2, 2023 /PRNewswire/ -- The "Global Carsharing Market Size and Share Analysis by Car Type, Fuel Type, Business Model, Application - Industry Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

According to this report the worldwide carsharing market is expected to be worth USD 9,957 million by 2030.

Companies Mentioned

Share Now GmbH
Cityhop Ltd.
Communauto inc.
Getaround Inc.
CarShare Australia Pty. Ltd.
Ekar FZ LLC
HOURCAR
Turo Inc.
Lyft Inc.
Zipcar Inc.
Regina Car Share Co-operative

To meet environmental and community transportation objectives, Carsharing is great model. According to its goal, vision, and principles, fewer people own personal cars, less driving is done, urban land usage and development are improved, and everyone has access to automobiles at a reasonable price.

Moreover, the expansion of this business on a worldwide scale has been accelerated by technical advancement. This service is built on the use of smartphone applications, where consumers and service providers connect to schedule rides and make associated payments.

The category of electric vehicles is expected to develop at the fastest CAGR. This is explained by the rising environmental conservation and electrification of vehicle programs. because they create less air pollution and greenhouse gases than vehicles powered by gasoline or diesel.

This covers the production of their materials and the electricity needed to keep them running. Additionally, it is anticipated that the market acceptance of electric automobiles would expand quickly due to their cheap maintenance costs.

Furthermore, since they don't have a tailpipe, pure electric cars don't release any carbon dioxide while they're moving. Air pollution is greatly reduced as a result. Additionally, one electric car on the road may reduce CO2 emissions by an average of 1.5 million grams.

Compared to gasoline or diesel vehicles, electric vehicles offer cheaper running expenses. Charging an electric car is less expensive than buying petrol or diesel for transportation requirements due to the comparatively cheap cost of energy. If charging is carried out using renewable energy sources that are already installed at home, the cost of power can be further decreased.

Owning a car demands a significant financial commitment, which is made up mostly of the price of the vehicle, gasoline, parking, maintenance, and insurance. Carsharing services enable consumers to borrow a car in this situation without owning a car.

Along with a one-time registration fee, customers can make payments based on the distance and time they travel. Additionally, these service companies take care of other charges like those for parking, gasoline, maintenance, and insurance.

Additionally, carsharing services are quite practical for the common public, especially daily commuters, since they allow them to enjoy driving to their destinations without having to deal with the headaches of purchasing and maintaining a vehicle.

Moreover, they may quickly use the service and reserve the vehicle of their choice using the company's smartphone. The app offers customers all the information and help they need to ensure a comfortable experience.

Due to the rising consumer demand for shared mobility services, rising disposable income, and increasing government worries about environmental pollutants in the region, the APAC carsharing market has shown exponential expansion in recent years and will hold a share of 46% in 2022.

Rapid urbanization and industrialization are also contributing significantly to the market's expansion. Furthermore, countries with high pollution levels include Taiwan and India.

The governments in these nations are concentrating on building solid infrastructure and road networks and increasing the number of electric vehicles in the carsharing fleets to reduce pollution levels and the rate of private vehicle ownership.

Key Topics Covered:

Chapter 1. Research Scope

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Market Indicators

Chapter 6. Industry Outlook
6.1. Market Dynamics
6.1.1. Trends
6.1.2. Drivers
6.1.3. Restraints/challenges
6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis

Chapter 7. Global Market
7.1. Overview
7.2. Market Revenue, by Car Type (2017-2030)
7.3. Market Revenue, by Fuel Type (2017-2030)
7.4. Market Revenue, by Business Model (2017-2030)
7.5. Market Revenue, by Application (2017-2030)
7.6. Market Revenue, by Region (2017-2030)

Chapter 8. North America Market

Chapter 9. Europe Market

Chapter 10. APAC Market

Chapter 11. LATAM Market

Chapter 12. MEA Market

Chapter 13. Competitive Landscape
13.1. List of Market Players and Their Offerings
13.2. Competitive Benchmarking of Key Players
13.3. Product Benchmarking of Key Players
13.4. Recent Strategic Developments

Chapter 14. Company Profiles

Chapter 15. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/khzvjp-carsharing?w=5

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