Many car-sharing services have folded. This one is expanding

May 13, 2021 · It might seem counterintuitive in the middle of a pandemic to see demand for …

CouponFollow Extension

$120
OFF

Shared Mobility: Where It Stands And Where It’s Going

6 days from now

largest share, $120 billion to $130 billion, which is more than 90 percent of the total market. …

mckinsey.com

20%
OFF

U.S. Car Sharing Market Size & Share, Statistics Report 2034

6 days from now

California car sharing market accounted for 20% of the revenue share in 2024. The California …

gminsights.com

24%
OFF

Car-sharing - United States | Statista Market Forecast

6 days from now

The Car-sharing market in in the United States is projected to grow by 2.24% (2024-2029) …

statista.com

FAQs about Many car-sharing services have folded. This one is expanding Coupon?

How big is the car sharing market?

The car sharing market size was worth USD 2.9 billion in 2022 and is estimated to showcase around 20% CAGR during 2023 to 2032, driven by the rising implementation of stringent government regulations for reducing emissions. ...

What is the car-sharing market?

The Car-sharing market encompasses car-sharing services. Car-sharing service providers own the vehicles that customers can book independently at any time. Customers need to enter into a contract with the service provider in order to be able to book vehicles via a smartphone app, the website of the service provider, or by telephone. ...

Why are car-sharing services becoming more popular?

This trend is anticipated to persist as governments all over the world continue to enact stricter rules designed to reduce emissions and promote environmentally friendly transportation and mobility on-demand options, thereby raising demand for car-sharing services. Stringent government regulations for reducing emission. ...

Should automotive OEMs invest in car-sharing services?

On the one hand, some automotive OEMs develop car-sharing services in-house and leverage the opportunity to bring their own vehicles into the fleet at lower price points, which gives advantages in operating costs to start-ups. On the other hand, the lower investments reflect the market developments as outlined in the previous section. ...

What will the car-sharing market look like in 2030?

The car-sharing market will likely see additional competition by 2030. As robo-taxis and robo-shuttles gain traction, they could provide a more affordable shared-mobility option than driver-based services. The car-sharing market may total between $10 billion to $15 billion in 2030, McKinsey modeling shows. ...

How does transportation infrastructure affect car-sharing market expansion?

Inadequate transport infrastructure limits the car sharing market expansion. For car-sharing services to be effective, a strong and dependable transportation infrastructure is necessary, including access to parking spaces, electric vehicle charging stations, and well-maintained roadways. ...