Carsharing Market 2021 SWOT Analysis and Key Business Strategies by Leading Players - Uber, Lyft, Zipcar, Via, Ola Cabs, Grab, Go-Jek, BlaBlaCar

The Latest report about the Carsharing market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Carsharing market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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Carsharing Market size surpassed USD 2 billion in 2020 and is anticipated to grow at over 20% CAGR from 2021 to 2027

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: 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)

News and Uploads

Uber rival Bolt launches car-sharing service in Europe- Bolt, the Estonian firm best known for its ride-hailing business, announced Tuesday that it has launched a car-sharing service in Europe as it looks to diversify its revenue streams.

RDA Launches Carsharing Service- The service is 100% contactless, without human intervention, and available 24 hours a day. Drivers arrange to rent a vehicle through an app, collect and return the car paying only for time of use. Keko offers more than 100 locations in the city and greater Buenos Aires area.

Ola launches self-drive car-sharing service Ola Drive- Ola Drive will appear as a new category on the Ola app, alongside three other categories, including Daily, Rentals and Outstation. The services are highly personalised for users, enabling them to design their own packages, controlling everything from the number of kilometres and hours (from 2 hours to 3 months) to fuel inclusion, which allows for savings of up to 30 per cent over other providers, the company claims.

Market Overview

The North American car sharing market is expected to showcase a significant growth rate over the forecast timeline owing to a rising number of car-sharing providers and high demand in the region. According to the Transportation Sustainability Research Center of the University of California, in 2018, around 21 operators provided various models of car-sharing services in the U.S.

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. However, due to the sudden outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of several countries, the market has been adversely impacted. It is anticipated to witness growth once normalcy is regained.

Carsharing Market Segmentation:

Breakdown Data by Type

Roundtrip

One-way

Peer-to-peer

Fractional

Carsharing Breakdown Data by Application

Age 18-24

Age 25-34

Age 35-44

Age 45-54

Age 55-64

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Carsharing market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Carsharing industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Carsharing market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Carsharing Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Carsharing market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Carsharing market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Carsharing Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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