Cities are proactively moving away from personal cars to other sustainable modes of transport. Shared electric modes of transport are likely to see an uptake, working in conjunction with traditional transport systems. Car-free cities, access regulations, and zero-emission deadlines will play a major role in shaping the carsharing industry. Carsharing is quite a mature market that has been in existence for many years now.
Operators have to move away from expansion and focus on improving operational efficiencies to become profitable. Demand from niche markets and applications, such as airport carsharing, real-estate-specific carsharing, carsharing for tourists, and luxury carsharing, is growing. Technology such as intelligent fleet management systems and predictive maintenance will aid operators in the move toward becoming profitable. Cities and regions that prioritize sustainable transportation can accelerate carsharing adoption through incentives, such as designated parking, subsidies, or favorable regulations. Carsharing is poised to become a core component of integrated MaaS platforms. This boosts the appeal of carsharing by making it a part of the larger mobility ecosystem in cities.
Author: Albert Geraldine Priya
Revenue Forecast
The revenue estimate for the base year 2023 is $4.66 billion, with a CAGR of 11.2% for the study period 2023–2030.
The Impact of the Top 3 Strategic Imperatives on the Traditional Carsharing Industry
Transformative Megatrends
Why
- Global forces are defining the future world with their far-reaching impact on businesses, societies, economies, cultures, and personal lives.
Frost Perspective
- Shared electric modes of transport will see increased uptake working in conjunction with traditional transport systems.
Disruptive Technologies
Why
- New, disruptive technologies are displacing the old technologies and significantly altering the way consumers, industries, and businesses operate.
Frost Perspective
- Carsharing is a mature market that has existed for about 20 years.
- Operators must stop focusing solely on expansion and scaling and also concentrate on becoming profitable.
Competitive Intensity
Why
- A new wave of competition from start-ups and digital business models is challenging past conventions, compelling established industries to rethink their competitive stance.
Frost Perspective
- The carsharing market is one of the most fragmented (especially in Europe), as the carsharing markets in other countries/regions are consolidated.
- With operators competing to become profitable, the carsharing market will see more companies exiting the market or consolidating, especially in Europe.
Scope of Analysis
- Traditional carsharing is the short-term rental of a car that users can drop off at fixed points or free-floating parking spots. In traditional carsharing, carsharing operators own the vehicles.
- Zone-based carsharing operators offer station-based carsharing services.
- This study covers the global traditional carsharing market and the growth opportunities it offers. The study covers Europe (33 countries, including the United Kingdom and Russia), North America (the United States and Canada), Asia-Pacific (APAC) (includes South Korea, Malaysia, Singapore, Japan, India, Australia, and New Zealand), Latin America (LATAM) (includes Brazil, Argentina, Chile, Colombia, and Mexico), and the Middle East (Dubai).
- The study offers insights on the registered carsharing members, fleet size, revenue (refers to gross market revenue from the utilization of the vehicles), business model analyses, and other key performance indicators (KPIs) (e.g., number of vehicle trips and average fare per trip).
- The categories below are part of traditional carsharing markets:
- Free-floating carsharing companies
- Station-based carsharing companies
- Companies that offer both free-floating and station-based carsharing
- Airport and residential services that the above operators offer.
Scope
- The categories below fall outside the scope of the analysis:
- Car rental services
- Peer-to-peer (P2P) carsharing services
- Corporate carsharing services
Segmentation
Traditional Carsharing
Free-floating Carsharing
The 1-way carsharing method has free-floating parking spots throughout the area of operation. Users can pick up the vehicle at any flexible station and drop it off at any available parking spot.
Examples: Free2Move, Zity Carshare, Miles Mobility, Wible, and Citybee
Station-based Carsharing
Station-based carsharing has a fixed garage or parking spot. Users must return the vehicle to the same station they got it from at the end of the reservation period.
Examples: Zipcar, Enterprise Carshare, Zoomcar, and Times Car Plus
Competitive Environment
| Number of Competitors | 150+ companies globally |
|---|---|
| Competitive Factors | Cost, performance, support, technology, reliability, vehicle maintenance and cleanliness, vehicle availability, profitability, and electrification of fleet |
| Key End-user Industry Verticals | Real estate, companies, airports, smaller communities, and local governments |
| Leading Competitors | Free2Move, Zity, Times Car Plus, Zoomcar, Socar, Drive (Yandex), Zipcar, Miles Mobility, Citybee, Green Mobility, Enjoy EnI, GetGo, Cambio, KINTO Share, and Communauto, Poppy, eKar, Awto, Turbi, Mobility S, Traficar, Moov and Cambio |
| Other Notable Competitors | Mobilize, Ubeeqo, Wible, Goget, Voltio, Mobility S, Panek CarSharing, DB Flinkster, Statauto Teilatou, Spark, Bolt Drive, Citiz, Greenwheels, Stadtmobil, MyWheels, Co Wheels, Gig Car Share, Evo Car Share, Delimobil, TikTak and Udrive |
| Distribution Structure | Business-to-consumer |
| Developments | Zity exiting Paris, Eloop closing its carsharing business, Spark exiting Romania and AJO Carsharing liquidating, Free2Move exiting Columbus and Portland, Gig Car Share exiting Sacramento, and ShareNow ending operations in Hungary (Wigo took it over) |
Key Competitors
- North America
- GIG CARSHARE
- EVOCARSHARE
- ZIPCAR
- FREE2MOVE
- BLINK MOBILITY
- COMMUNAUTO
- Europe
- FREE2MOVE
- ZITY
- DELIMOBIL
- DRIVE(YANDEX)
- ZIPCAR
- GUPPY
- BATT MOBILITY
- CAR 4 WAY
- ELMO
- MILES MOBILITY
- CITYBEE
- 24 RENT
- BOOK-N-DRIVE
- SIXT SHARE
- MOL LIMO
- GREENGO
- GREEN MOBILITY
- AMIGO
- DRIVAILA
- MOOV
- TIKTAK
- Asia-Pacific
- TIMES CAR PLUS
- ZOOMCAR
- SOCAR
- ORIX
- CARECO (MITSU FUDOSAN)
- TRIBECAR
- BLUESG
- GREENCAR
- MILES
- GETGO
- GOGET
- CITYHOP
- KINTO
- OUTBOUND
- OHMIE GO
- Latin America
- AWTO
- TURBI
- MYKEEGO
- Middle East
- EKAR
- UDRIVE
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Traditional Carsharing Industry
Scope of Analysis
Segmentation
Competitive Environment
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Short-, Medium-, and Long-term Trends
Short-, Medium-, and Long-term Trends (continued)
Forecast Considerations
Forecast Considerations (continued)
Revenue and Fleet Forecast
Revenue Forecast
Revenue Forecast by Business Model
Fleet Forecast by Business Model
Revenue Forecast by Region
Fleet Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Pricing Trends and Forecast Analysis
Business Model Analysis—Case Study
Carsharing Technology Evolution
Comparative Analysis of Regions
Growth Metrics
Revenue and Fleet Forecast
Revenue Forecast by Business Model
Fleet Forecast by Business Model
Forecast Analysis
Germany: Carsharing Overview
Germany: Carsharing Overview (continued)
Germany: Competitor Benchmarking and Analysis
Italy: Carsharing Overview
Italy: Carsharing Overview (continued)
Italy: Competitor Benchmarking and Analysis
Netherlands: Carsharing Overview
Netherlands: Carsharing Overview (continued)
Netherlands: Competitor Benchmarking and Analysis
Spain: Carsharing Overview
Spain: Carsharing Overview (continued)
Spain: Competitor Benchmarking and Analysis
France: Carsharing Overview
France: Carsharing Overview (continued)
France: Competitor Benchmarking and Analysis
Poland: Carsharing Overview
Poland: Carsharing Overview (continued)
Poland: Competitor Benchmarking and Analysis
United Kingdom: Carsharing Overview
United Kingdom: Carsharing Overview (continued)
United Kingdom: Competitor Benchmarking and Analysis
Growth Metrics
Revenue and Fleet Forecast
Revenue Forecast by Business Model
Fleet Forecast by Business Model
Forecast Analysis
United States: Carsharing Overview
United States: Carsharing Overview (continued)
United States: Competitor Benchmarking and Analysis
Canada: Carsharing Overview
Canada: Carsharing Overview (continued)
Canada: Competitor Benchmarking and Analysis
Growth Metrics
Revenue and Fleet Forecast
Revenue Forecast by Business Model
Fleet Forecast by Business Model
Forecast Analysis
Japan: Carsharing Overview
Japan: Carsharing Overview (continued)
Japan: Competitor Benchmarking and Analysis
Singapore: Carsharing Overview
Singapore: Carsharing Overview (continued)
Singapore: Competitor Benchmarking and Analysis
South Korea: Carsharing Overview
South Korea: Carsharing Overview (continued)
South Korea: Competitor Benchmarking and Analysis
Australia: Carsharing Overview
Australia: Carsharing Overview (continued)
Australia: Competitor Benchmarking and Analysis
Growth Metrics
Revenue and Fleet Forecast
Revenue Forecast by Business Model
Fleet Forecast by Business Model
Forecast Analysis
Brazil: Carsharing Overview
Brazil: Carsharing Overview (continued)
Brazil: Competitor Benchmarking and Analysis
Dubai: Carsharing Overview
Dubai: Carsharing Overview (continued)
Dubai: Competitor Benchmarking and Analysis
Company Profile: Zity by Mobilize
Company Profile: Free2Move
Company Profile: Evo Car Share
Company Profile: Communauto
Company Profile: Ohmie Go
Company Profile: Outbound
Company Profile: GetGo
Company Profile: Socar
Company Profile: ekar
Company Profile: KINTO Share
Growth Opportunity 1: Intelligent Technologies
Growth Opportunity 1: Intelligent Technologies (continued)
Growth Opportunity 2: Electrification
Growth Opportunity 2: Electrification (continued)
Growth Opportunity 3: Multimodal MaaS Integrations
Growth Opportunity 3: Multimodal MaaS Integrations (continued)
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Traditional Carsharing: Growth Metrics, Global, 2023
- Traditional Carsharing: Growth Drivers, Global, 2024–2030
- Traditional Carsharing: Growth Restraints, Global, 2024–2030
- Traditional Carsharing: Short Term, Global, 2023–2030
- Traditional Carsharing: Mid-to-long Term, Global, 2023–2030
- Traditional Carsharing: Revenue and Fleet Forecast, Global, 2023–2030
- Traditional Carsharing: Revenue Forecast, Global, 2023–2030
- Traditional Carsharing: Revenue Forecast by Business Model, Global, 2023–2030
- Traditional Carsharing: Fleet Forecast by Business Model, Global, 2023–2030
- Traditional Carsharing: Revenue Forecast by Region, Global, 2023–2030
- Traditional Carsharing: Fleet Forecast by Region, Global, 2023–2030
- Traditional Carsharing: Growth Metrics, Europe, 2023
- Traditional Carsharing: Revenue and Fleet Forecast, Europe, 2023–2030
- Traditional Carsharing: Revenue Forecast by Business Model, Europe, 2023–2030
- Traditional Carsharing: Fleet Forecast by Business Model, Europe, 2023–2030
- Traditional Carsharing: Fleet Forecast, Germany, 2023–2030
- Traditional Carsharing: Revenue Forecast, Germany, 2023–2030
- Traditional Carsharing: Member Forecast, Germany, 2023–2030
- Traditional Carsharing: Fleet Forecast, Italy, 2023–2030
- Traditional Carsharing: Revenue Forecast, Italy, 2023–2030
- Traditional Carsharing: Member Forecast, Italy, 2023–2030
- Traditional Carsharing: Fleet Forecast, Netherlands, 2023–2030
- Traditional Carsharing: Revenue Forecast, Netherlands, 2023–2030
- Traditional Carsharing: Member Forecast, Netherlands, 2023–2030
- Traditional Carsharing: Fleet Forecast, Spain, 2023–2030
- Traditional Carsharing: Revenue Forecast, Spain, 2023–2030
- Traditional Carsharing: Member Forecast, Spain, 2023–2030
- Traditional Carsharing: Fleet Forecast, France, 2023–2030
- Traditional Carsharing: Revenue Forecast, France, 2023–2030
- Traditional Carsharing: Member Forecast, France, 2023–2030
- Traditional Carsharing: Fleet Forecast, Poland, 2023–2030
- Traditional Carsharing: Revenue Poland, 2023–2030
- Traditional Carsharing: Member Forecast, Poland, 2023–2030
- Traditional Carsharing: Fleet Forecast, UK, 2023–2030
- Traditional Carsharing: Revenue, UK, 2023–2030
- Traditional Carsharing: Member Forecast, UK, 2023–2030
- Traditional Carsharing: Growth Metrics, North America, 2023
- Traditional Carsharing: Revenue and Fleet Forecast, North America, 2023–2030
- Traditional Carsharing: Revenue Forecast by Business Model, North America, 2023–2030
- Traditional Carsharing: Fleet Forecast by Business Model, North America, 2023–2030
- Traditional Carsharing: Fleet Forecast, US, 2023–2030
- Traditional Carsharing: Revenue, USA, 2023–2030
- Traditional Carsharing: Member Forecast, USA, 2023–2030
- Traditional Carsharing: Fleet Forecast, Canada, 2023–2030
- Traditional Carsharing: Revenue, Canada, 2023–2030
- Traditional Carsharing: Member Forecast, Canada, 2023–2030
- Traditional Carsharing: Growth Metrics, APAC, 2023
- Traditional Carsharing: Revenue and Fleet Forecast, APAC, 2023–2030
- Traditional Carsharing: Revenue Forecast by Business Model, APAC, 2023–2030
- Traditional Carsharing: Fleet Forecast by Business Model, APAC, 2023–2030
- Traditional Carsharing: Fleet Forecast, Japan, 2023–2030
- Traditional Carsharing: Revenue, Japan, 2023–2030
- Traditional Carsharing: Member Forecast, Japan, 2023–2030
- Traditional Carsharing: Fleet Forecast, Singapore, 2023–2030
- Traditional Carsharing: Revenue, Singapore, 2023–2030
- Traditional Carsharing: Member Forecast, Singapore, 2023–2030
- Traditional Carsharing: Fleet Forecast, South Korea, 2023–2030
- Traditional Carsharing: Revenue, South Korea, 2023–2030
- Traditional Carsharing: Member Forecast, South Korea, 2023–2030
- Traditional Carsharing: Fleet Forecast, Australia, 2023–2030
- Traditional Carsharing: Revenue, Australia, 2023–2030
- Traditional Carsharing: Member Forecast, Australia, 2023–2030
- Traditional Carsharing: Growth Metrics, LATAM and ME, 2023
- Traditional Carsharing: Revenue and Fleet Forecast, LATAM and ME, 2023–2030
- Traditional Carsharing: Revenue Forecast by Business Model, LATAM and ME, 2023–2030
- Traditional Carsharing: Fleet Forecast by Business Model, LATAM and ME, 2023–2030
- Traditional Carsharing: Fleet Forecast, Brazil, 2023–2030
- Traditional Carsharing: Revenue, Brazil, 2023–2030
- Traditional Carsharing: Member Forecast, Brazil, 2023–2030
- Traditional Carsharing: Fleet Forecast, Dubai, 2023–2030
- Traditional Carsharing: Revenue, Dubai, 2023–2030
- Traditional Carsharing: Member Forecast, Dubai, 2023–2030
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Cities are proactively moving away from personal cars to other sustainable modes of transport. Shared electric modes of transport are likely to see an uptake, working in conjunction with traditional transport systems. Car-free cities, access regulations, and zero-emission deadlines will play a major role in shaping the carsharing industry. Carsharing is quite a mature market that has been in existence for many years now.
Operators have to move away from expansion and focus on improving operational efficiencies to become profitable. Demand from niche markets and applications, such as airport carsharing, real-estate-specific carsharing, carsharing for tourists, and luxury carsharing, is growing. Technology such as intelligent fleet management systems and predictive maintenance will aid operators in the move toward becoming profitable. Cities and regions that prioritize sustainable transportation can accelerate carsharing adoption through incentives, such as designated parking, subsidies, or favorable regulations. Carsharing is poised to become a core component of integrated MaaS platforms. This boosts the appeal of carsharing by making it a part of the larger mobility ecosystem in cities.
Author: Albert Geraldine Priya
| Deliverable Type | Market Research |
|---|---|
| Author | Albert Geraldine Priya |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Traditional carsharing growth |
| Keyword 2 | Carsharing market trends |
| Keyword 3 | Global carsharing opportunities |
| List of Charts and Figures | Traditional Carsharing: Growth Metrics, Global, 2023~ Traditional Carsharing: Growth Drivers, Global, 2024–2030~ Traditional Carsharing: Growth Restraints, Global, 2024–2030~ Traditional Carsharing: Short Term, Global, 2023–2030~ Traditional Carsharing: Mid-to-long Term, Global, 2023–2030~ Traditional Carsharing: Revenue and Fleet Forecast, Global, 2023–2030~ Traditional Carsharing: Revenue Forecast, Global, 2023–2030~ Traditional Carsharing: Revenue Forecast by Business Model, Global, 2023–2030~ Traditional Carsharing: Fleet Forecast by Business Model, Global, 2023–2030~ Traditional Carsharing: Revenue Forecast by Region, Global, 2023–2030~ Traditional Carsharing: Fleet Forecast by Region, Global, 2023–2030~ Traditional Carsharing: Growth Metrics, Europe, 2023~ Traditional Carsharing: Revenue and Fleet Forecast, Europe, 2023–2030~ Traditional Carsharing: Revenue Forecast by Business Model, Europe, 2023–2030~ Traditional Carsharing: Fleet Forecast by Business Model, Europe, 2023–2030~ Traditional Carsharing: Fleet Forecast, Germany, 2023–2030~ Traditional Carsharing: Revenue Forecast, Germany, 2023–2030~ Traditional Carsharing: Member Forecast, Germany, 2023–2030~ Traditional Carsharing: Fleet Forecast, Italy, 2023–2030~ Traditional Carsharing: Revenue Forecast, Italy, 2023–2030~ Traditional Carsharing: Member Forecast, Italy, 2023–2030~ Traditional Carsharing: Fleet Forecast, Netherlands, 2023–2030~ Traditional Carsharing: Revenue Forecast, Netherlands, 2023–2030~ Traditional Carsharing: Member Forecast, Netherlands, 2023–2030~ Traditional Carsharing: Fleet Forecast, Spain, 2023–2030~ Traditional Carsharing: Revenue Forecast, Spain, 2023–2030~ Traditional Carsharing: Member Forecast, Spain, 2023–2030~ Traditional Carsharing: Fleet Forecast, France, 2023–2030~ Traditional Carsharing: Revenue Forecast, France, 2023–2030~ Traditional Carsharing: Member Forecast, France, 2023–2030~ Traditional Carsharing: Fleet Forecast, Poland, 2023–2030~ Traditional Carsharing: Revenue Poland, 2023–2030~ Traditional Carsharing: Member Forecast, Poland, 2023–2030~ Traditional Carsharing: Fleet Forecast, UK, 2023–2030~ Traditional Carsharing: Revenue, UK, 2023–2030~ Traditional Carsharing: Member Forecast, UK, 2023–2030~ Traditional Carsharing: Growth Metrics, North America, 2023~ Traditional Carsharing: Revenue and Fleet Forecast, North America, 2023–2030~ Traditional Carsharing: Revenue Forecast by Business Model, North America, 2023–2030~ Traditional Carsharing: Fleet Forecast by Business Model, North America, 2023–2030~ Traditional Carsharing: Fleet Forecast, US, 2023–2030~ Traditional Carsharing: Revenue, USA, 2023–2030~ Traditional Carsharing: Member Forecast, USA, 2023–2030~ Traditional Carsharing: Fleet Forecast, Canada, 2023–2030~ Traditional Carsharing: Revenue, Canada, 2023–2030~ Traditional Carsharing: Member Forecast, Canada, 2023–2030~ Traditional Carsharing: Growth Metrics, APAC, 2023~ Traditional Carsharing: Revenue and Fleet Forecast, APAC, 2023–2030~ Traditional Carsharing: Revenue Forecast by Business Model, APAC, 2023–2030~ Traditional Carsharing: Fleet Forecast by Business Model, APAC, 2023–2030~ Traditional Carsharing: Fleet Forecast, Japan, 2023–2030~ Traditional Carsharing: Revenue, Japan, 2023–2030~ Traditional Carsharing: Member Forecast, Japan, 2023–2030~ Traditional Carsharing: Fleet Forecast, Singapore, 2023–2030~ Traditional Carsharing: Revenue, Singapore, 2023–2030~ Traditional Carsharing: Member Forecast, Singapore, 2023–2030~ Traditional Carsharing: Fleet Forecast, South Korea, 2023–2030~ Traditional Carsharing: Revenue, South Korea, 2023–2030~ Traditional Carsharing: Member Forecast, South Korea, 2023–2030~ Traditional Carsharing: Fleet Forecast, Australia, 2023–2030~ Traditional Carsharing: Revenue, Australia, 2023–2030~ Traditional Carsharing: Member Forecast, Australia, 2023–2030~ Traditional Carsharing: Growth Metrics, LATAM and ME, 2023~ Traditional Carsharing: Revenue and Fleet Forecast, LATAM and ME, 2023–2030~ Traditional Carsharing: Revenue Forecast by Business Model, LATAM and ME, 2023–2030~ Traditional Carsharing: Fleet Forecast by Business Model, LATAM and ME, 2023–2030~ Traditional Carsharing: Fleet Forecast, Brazil, 2023–2030~ Traditional Carsharing: Revenue, Brazil, 2023–2030~ Traditional Carsharing: Member Forecast, Brazil, 2023–2030~ Traditional Carsharing: Fleet Forecast, Dubai, 2023–2030~ Traditional Carsharing: Revenue, Dubai, 2023–2030~ Traditional Carsharing: Member Forecast, Dubai, 2023–2030~ |
| Podcast | No |
| WIP Number | PFL7-01-00-00-00 |
Growth Opportunities in Global Traditional Carsharing, 2024 2030
Growth Opportunities in Global Traditional Carsharing, 2024 2030
Global Opportunity of $9.79 Billion by the End of 2030
RELEASE DATE
24-Jun-2024
24-Jun-2024
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: PFL7-01-00-00-00
SKU: AU_2024_819
$4,950.00
In stock
SKU
AU_2024_819