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
Chapter 7. Industry Outlook
7.1 Market Dynamics
22.214.171.124 Introduction of mobility as a service (MaaS)
126.96.36.199 Mergers and acquisitions
188.8.131.52 Cost-effective and convenient mobility service
184.108.40.206 Growing concerns over greenhouse gas emissions
220.127.116.11 Vehicle electrification and growing adoption of carsharing services in developing countries
18.104.22.168 Worsening urban road congestion
22.214.171.124 Impact analysis of drivers on market forecast
126.96.36.199 Consumers' aspirations of vehicle ownership
188.8.131.52 Threat of cyberattack and data breach
184.108.40.206 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
8.2 Market Revenue, by Car Type (2015-2030)
8.3 Market Revenue, by Region (2015-2030)
8.3.1 North America Market Size and Forecast
220.127.116.11 Market revenue, by car type (2015-2030)
18.104.22.168 Market revenue, by country (2015-2030)
8.3.2 Europe Market Size and Forecast
22.214.171.124 Market revenue, by car type (2015-2030)
126.96.36.199 Market revenue, by country (2015-2030)
8.3.3 APAC Market Size and Forecast
188.8.131.52 Market revenue, by car type (2015-2030)
184.108.40.206 Market revenue, by country (2015-2030)
8.3.4 LATAM Market Size and Forecast
220.127.116.11 Market revenue, by car type (2015-2030)
8.3.5 MEA Market Size and Forecast
18.104.22.168 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
10.2 Sources and References
10.3 Related Reports
For more information about this report visit https://www.researchandmarkets.com/r/rgdjrw
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