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Insights on the Peer-to-Peer Carsharing Global Market to 2030 - Cost-effective and Convenient Mobility Service is Driving Growth

·5-min read

Dublin, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The "Peer-to-Peer Carsharing Market Research Report: By Car Type - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

From $1,015.7 million in 2020, the value of the global peer-to-peer carsharing market will reach $7,225.2 million by 2030, advancing at a CAGR of 21.7%, according to the market research report.

The major factors propelling the demand for such transport services include:

  • Convenience and Cost-Effectiveness: Owning a vehicle is becoming increasingly costly due to the rising vehicle and fuel prices, parking expenses, licensing and registration fees, and insurance premiums. In this regard, P2P carsharing allows people to enjoy driving a car, but without having to pay for anything except for the ride. Moreover, cars can be booked for rental almost throughout the day via the website or mobile app of the service enabler.

  • Air Pollution: The worsening problem of air pollution is another big factor behind the P2P carsharing services market growth, as the idea behind encouraging people to opt for such services is to reduce carbon emissions by decreasing the number of private vehicles in operation. Moreover, most of the cars deployed for such services are electric variants, which gives environmental conservation efforts a strong boost.

The COVID-19 pandemic has affected the P2P carsharing services market negatively because of the lockdown measures around the world, which forced people indoors. This led to a drastic drop in the number of trips being taken for leisure, business, and college purposes. Moreover, the fear of infection has impelled people to use other means of transport, such as micromobility and their own vehicles, thereby further pushing down the demand for P2P carsharing.

The executive category has been projected to contribute the highest revenue to the P2P carsharing services market throughout this decade, based on car type. Such cars provide the best mix of comfort and cost, which makes them popular among commuters.

Europe dominates the P2P carsharing services market as people here, especially those in major urban centers, have been reluctant to buy cars because of their high purchase and maintenance costs. Moreover, government efforts to electrify sharing fleets are boosting the market revenue here.

The most-prominent companies in the global P2P carsharing market are Turo Inc., GoMore ApS, Social Car SL, SNCF Reseau Group, HyreCar Inc., Getaround Inc., Car Next Door Australia Pty. Ltd., JustShareIt Inc., and Hiyacar LTD.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Turo Inc. Leadership in P2P Carsharing Market
5.1 Turo Inc. - Leader in the P2P Carsharing Market
5.2 Strategy Adopted by Turo Inc.

Chapter 6. Definition of Market Segments
6.1 By Car Type
6.1.1 Economy
6.1.2 Executive
6.1.3 Luxury

Chapter 7. Industry Outlook
7.1 Market Dynamics
7.1.1 Trends
7.1.1.1 Introduction of mobility as a service (MaaS)
7.1.1.2 Mergers and acquisitions
7.1.2 Drivers
7.1.2.1 Cost-effective and convenient mobility service
7.1.2.2 Growing concerns over greenhouse gas emissions
7.1.2.3 Vehicle electrification and growing adoption of carsharing services in developing countries
7.1.2.4 Worsening urban road congestion
7.1.2.5 Impact analysis of drivers on market forecast
7.1.3 Restraints
7.1.3.1 Consumers' aspirations of vehicle ownership
7.1.3.2 Threat of cyberattack and data breach
7.1.3.3 Impact analysis of restraints on market forecast
7.2 Impact of COVID-19
7.3 Steps taken by Turo Inc. for Business Revival Post COVID-19
7.4 Porter's Five Forces Analysis
7.4.1 Bargaining Power of Buyers
7.4.2 Bargaining Power of Suppliers
7.4.3 Intensity of Rivalry
7.4.4 Threat of New Entrants
7.4.5 Threat of Substitutes

Chapter 8. Global Market Size and Forecast
8.1 Overview
8.2 Market Revenue, by Car Type (2015-2030)
8.3 Market Revenue, by Region (2015-2030)
8.3.1 North America Market Size and Forecast
8.3.1.1 Market revenue, by car type (2015-2030)
8.3.1.2 Market revenue, by country (2015-2030)
8.3.2 Europe Market Size and Forecast
8.3.2.1 Market revenue, by car type (2015-2030)
8.3.2.2 Market revenue, by country (2015-2030)
8.3.3 APAC Market Size and Forecast
8.3.3.1 Market revenue, by car type (2015-2030)
8.3.3.2 Market revenue, by country (2015-2030)
8.3.4 LATAM Market Size and Forecast
8.3.4.1 Market revenue, by car type (2015-2030)
8.3.5 MEA Market Size and Forecast
8.3.5.1 Market revenue, by car type (2015-2030)

Chapter 9. Company Profiles
9.1 Turo Inc.
9.1.1 Business Overview
9.1.2 Product and Service Offerings
9.2 Social Car SL
9.2.1 Business Overview
9.2.2 Product and Service Offerings
9.3 GoMore ApS
9.3.1 Business Overview
9.3.2 Product and Service Offerings
9.4 SNCF Reseau Group
9.4.1 Business Overview
9.4.2 Product and Service Offerings
9.4.3 Key Financial Summary
9.5 Getaround Inc.
9.5.1 Business Overview
9.5.2 Product and Service Offerings
9.6 HyreCar Inc.
9.6.1 Business Overview
9.6.2 Product and Service Offerings
9.6.3 Key Financial Summary
9.7 Car Next Door Australia Pty. Ltd.
9.7.1 Business Overview
9.7.2 Product and Service Offerings
9.8 Hiyacar LTD.
9.8.1 Business Overview
9.8.2 Product and Service Offerings
9.9 JustShareIt Inc.
9.9.1 Business Overview
9.9.2 Product and Service Offerings

Chapter 10. Appendix
10.1 Abbreviations
10.2 Sources and References
10.3 Related Reports

For more information about this report visit https://www.researchandmarkets.com/r/rgdjrw

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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