Carsharing Market Share, Development, Growth, and Demand Forecast, 2014–2025

Carsharing Market by Car, Fuel Type, Business Model, Region Outlook,
Size, Share, Development, Growth, and Demand Forecast, 2014–2025
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Carsharing Market
Carsharing market is projected to reach $10,846.9 million by 2025, advancing at a CAGR of 11.0% during the
forecast period, according to P&S Intelligence.
Favorable government regulations for carsharing services, growing concerns over environmental emissions,
increasing demand for more convenient and cost-effective mobility solutions, and advancements in technology
are the key factors driving the growth of the market.
Besides, the high upfront and maintenance costs associated with personal cars are encouraging people to switch
to shared mobility services. Since owning a car demands a high investment in terms of vehicle cost, fuel cost,
parking and maintenance charges, and insurance cost, people are increasingly adopting carsharing services that
provide them the flexibility to rent a car, without having the need to own one. The users can make the payment
on the basis of the time and distance travelled by them. Besides, additional expenses, such as costs related to
fuel, maintenance, insurance, and parking, are borne by the service providers in the carsharing market.
P&S Intelligence

Carsharing Market
Introduction of mobility as a service observed as a key trend in the market
The evolution of MaaS is a key trend observed in the carsharing market, driven by the shift from the personal
ownership of vehicles to shared mobility solutions, including carsharing. The service provides a gateway to
help manage trips and offer mobility solutions on the basis of the traveling needs of the end users. MaaS
depends on a digital platform that integrates online booking, payment services, end-to-end trip planning,
electronic ticketing, and other additional services across all public and private modes of transportation.
APAC standing as the largest market for carsharing services globally
APAC is expected to continue holding the largest share in the global carsharing market, with an estimated
revenue of over 40% in 2018. Of all countries around the world, China continues to remain the largest market
for carsharing services. In 2017, several cities across China increased the usage of electric vehicles across
carsharing platforms to promote greener environment. With continuous support from the government in the
form of policies and incentives, the market in China is expected to demonstrate robust growth in the future as
well.
P&S Intelligence

Carsharing Market
The research offers market size of the global carsharing for the period 2014–2025. The market size breakdown is
as follows.
CARSHARING MARKET SEGMENTATION
Market Segmentation by Car
Economy
Executive
Luxury
Market Segmentation by Fuel Type
Electric
Fuel-Based
Market Segmentation by Business Model
Peer-to-Peer (P2P)
Round-Trip
One-Way
Market Segmentation by Application
Business
Private
P&S Intelligence

Carsharing Market
Competitive landscape of the market
Some of the major players operating in the carsharing market are Car2Go Ltd., cambio Mobilitätsservice GmbH &
Co. KG, Cityhop Ltd., Communauto inc., DriveNow GmbH & Co. KG, Getaround Inc., CarShare Australia Pty. Ltd.,
Ekar FZ LLC, HOURCAR, Locomute (Pty.) Ltd., Peg City Car Co-op Ltd., Turo Inc., ORIX Auto Corporation, Mobility
Cooperative, Modo Cooperative, Lyft Inc., Hertz Global Holdings Inc., and Zipcar Inc.
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