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Global Car Sharing Market Insight January 5, 2022 Comments

Global Car Sharing Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Car Sharing Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 15.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“The implementation of stringent emission regulations by governments across the globe is fueling the adoption of urban mobility solutions, driving the market growth.Moreover, the increasing traffic congestion in urban areas coupled with crowded public transport facilities is boosting the car sharing market revenue. ”said Wikky, Senior analyst, Global New Energy Market Research Center in WKI.
Market Insight:
Car sharing companies have added more cars with autonomous driving functions, let consumers have a better sense of user experience.According to Market News:In November 2019, Tesloop, a car rental startup based in the U.S, expanded its one-way route network with an LA-Las Vegas route. The company offers three tesla models on rent with an autopilot mode for enhanced driving experience.”.Companies are using these services to provide pick-up and drop facilities to their employees. Increasing initiatives by business organizations to provide convenience, comfort, and safety to their employees will fuel the car sharing market growth. Furthermore, car sharing aids companies to reduce carbon emissions from personal vehicles used by individual employees.Vehicle sharing service providers are focusing on building long-term relationships with business enterprises to enhance their customer base and market share. For instance, in February 2020, MOIA, a ride-sharing service based in Germany, launched a new voucher portal for its corporate customers. This portal will aid businesses to book vouchers for trips for their employees and customers.
Competition Landscape:
The global Car Sharing industry is divided according to enterprise, The key players in global Car Sharing market are Major companies profiled in the report include Autolib,Car2Go,Cambio CarSharing and Cityhop etc.In competition with each others, More and more companies adopt low price strategies to attract customers, market competition is becoming increasingly fierce.
Segmentation of Car Sharing Market:
On the basis of car type, the carsharing market is categorized into economy, executive, and luxury cars. In terms of volume, owning to the high fuel economy of these cars, which encourages their adoption for carsharing services. Furthermore, increasing gasoline prices and rising environmental concerns have driven the demand for these cars globally.Based on fuel type, the carsharing market is classified into electric and fuel-based cars. Of the two categories, fuel-based cars are expected to continue dominating the market in terms of volume. However, with the increasing initiatives toward environmental protection coupled with the electrification of vehicles, carsharing is expected to result in reduced fuel consumption in the near future. Besides, due to low maintenance costs, electric cars are expected to witness increased adoption in the market in the coming years.
Car Sharing Market: Regional Analysis
In terms of geography, the Global Car Sharing market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. North America dominates the Car Sharing market. With the economic growth in the Asia-Pacific region, people are paying more and more attention to high-quality life such as tourism, and car sharing is expected to increase significantly.

Cagr: 15.5%

Largest share area:American
Largest share country:USA