Car Sharing Service Market Size, Share, Opportunities, And Trends By Service Type (P2P Car Sharing, B2C Car Sharing, Free-Floating Car Sharing, Others), By Business Model (Business Trips, Personal Trips), By Trip Type (Roundtrip, One Way), And By Geography - Forecasts From 2025 To 2030

Car Sharing Service Market Size:

The car sharing service market, with a 10.20% CAGR, is expected to grow to USD 17.100 billion in 2030 from USD 10.522 billion in 2025.

Urban infrastructure is successfully complemented with transportation demand management. Urban regions now have access to sustainable mobility thanks to the rise of shared mobility options like car sharing. To address serious transportation issues like traffic congestion, air pollution, and traffic safety, car sharing has begun in several places throughout the world. A sort of car rental that enables you to rent a car at any time is car sharing. For individuals who only need a car temporarily, it is more practical. Only the usage is billed to you (how far you have traveled). The market statistics are being driven by the rising demand for vehicle sharing as an easy and economical way to travel short distances.

Car Sharing Service Market Growth factors:

• The rising expense of owning a car

Due to a lack of cars and trucks, ownership of a new vehicle now costs on average close to $10,000 annually. According to the American Automobile Association's 2021 Your Driving Cost research, the average annual cost of owning a new car is currently $9,666, or $805.50 per month (AAA). Fuel and maintenance costs have grown significantly in recent years, and it is anticipated that this trend will continue. Owning a car has shifted from being an asset to being more of a problem as cities get more and more congested with people and vehicles. The rate of car ownership among those between the ages of 18 and 35 has decreased as a result of the millennial generation's minimal to nonexistent interest in having a vehicle. Since the young, tech-savvy generation makes up one of the greatest user bases for these services, ride-sharing service companies can profit from these demographics.

• Growing demand for the P2P segment

P2P is a business idea for car owners who want to briefly rent out their vehicles. When automobile owners aren't regularly utilizing their vehicles, this enables them to make a side income. For instance, the largest peer-to-peer automobile-sharing firm in the world, Turo is based in San Francisco. A $35 million investment round by Turo, which upped its total capital to over $502 million, demonstrates the growing demand for the P2P marketplace.

• India’s car-sharing market

India’s car-sharing and subscription industries are expanding quickly. Car sales growth in the nation has been hampered by consumers' growing prudence regarding factors including insurance, repair costs, and rising fuel prices. Cities generally have very disorganized curb space and parking. They might be considered costly in the majority of the downtown areas. Many locations only charge a minimal amount for office parking for the entire day, with the option for monthly subscriptions. Factors including rising fuel prices, ride-hailing service use, and vehicle financing are being blamed. With many businesses looking into cutting-edge ways to service customers, shared mobility is becoming more and more recognized as one of the choices.

Segmentation:

• By Service Type
  • P2P Car Sharing
  • B2C Car Sharing
  • Free-Floating Car Sharing
  • Others
• By Business Model
  • Business Trips
  • Personal Trips
• By Trip Type
  • Roundtrip
  • One Way
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
    • South America
    • Brazil
    • Argentina
    • Others
    • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • United Arab Emirates
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Indonesia
    • Thailand
    • Taiwan
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. CAR SHARE SERVICE MARKET, BY SERVICE TYPE

5.1. Introduction

5.2. P2P Car Sharing

5.3. B2C Car Sharing

5.4. Free-Floating Car Sharing

5.5. Others

6. CAR SHARE SERVICE MARKET, BY BUSINESS MODEL

6.1. Introduction

6.2. Business Trips

6.3. Personal Trips

7. CAR SHARE SERVICE MARKET, BY TRIP TYPE

7.1. Roundtrip

7.2. One Way

8. CAR SHARE SERVICE MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. Israel

8.5.3. United Arab Emirates

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Australia

8.6.6. Indonesia

8.6.7. Thailand

8.6.8. Taiwan

8.6.9. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. GIG Car Share

10.2. Avis Budget Group

10.3. Turo

10.4. Getaround, Inc.

10.5. Enterprise Holdings Inc.

10.6. BMW

10.7. GoGet Carshare

10.8. Cityhop

10.9. Ekar

10.10. Modo Co-operative

GIG Car Share

Avis Budget Group

Turo

Getaround, Inc.

Enterprise Holdings Inc.

BMW

GoGet Carshare

Cityhop

Ekar

Modo Co-operative