What are the latest developments in the carsharing market?
The analyst estimates that carsharing membership will grow at a CAGR of 35 percent from 50.4 million at the end of 2018 to 227.1 million by 2023. This report explains all segments including station-based and free-floating public carsharing as well as corporate carsharing. Get up to date with the latest information about carsharing organisations, vendors, products and markets.
The public carsharing fleet reached 332,000 vehicles worldwide in 2018
According to a new research report, the number of users of carsharing services worldwide is forecasted to grow from 50.4 million people in 2018 at a compound annual growth rate (CAGR) of 35.1 percent to reach 227.1 million people in 2023. The analyst forecasts that the number of cars used for carsharing services will grow at a CAGR of 29.2 percent from 332,000 at the end of 2018 to 1.2 million at the end of 2023. Carsharing is one of many car-based mobility services that have become available for people that want to complement other modes of transportation with car-based mobility occasionally.
Examples of other car-based mobility services include traditional car rental, carpooling, ridesharing, taxi and ridesourcing services. Carsharing is a decentralised car rental service focusing on short term rentals. CarSharing Organisations (CSOs) offer members access to a fleet of shared cars 24/7 from unattended self-service locations.
Usage is billed by the minute/hour and by distance driven, with rates that include fuel, insurance and maintenance. Today, most CSOs use station-based networks with roundtrip rental. This operational model requires members to return a vehicle to the same designated station from which it was accessed. Some CSOs have also started to offer one-way carsharing that enables users to return the car to any station operated by the CSO.
Another model that is rapidly gaining in popularity is free floating carsharing, which enables members to pick up and drop off cars anywhere within a designated area. Leading vendors of hardware and software platforms enabling carsharing services include INVERS, Convadis, Omoove, Wunder Mobility, OTA Keys, Vulog, Ridecell, Targa Telematics and Mobility Tech Green.
Several carsharing technology vendors are also targeting the emerging corporate carsharing market which can be used by corporations to increase corporate car pool availability and reduce mobility costs. Carsharing services are offered by specialist carsharing companies, car rental companies, carmakers, as well as other players such as public transport operators. During the past year, carmakers have been very active and launched new carsharing services.
In February 2019, Daimler and BMW formally merged Car2go and DriveNow under the SHARE NOW brand. The Car2go app rebranded to SHARE NOW this November and the integration work will continue in 2020, starting in cities where both Car2go and DriveNow are present. Other carmakers including Volkswagen (WeShare), PSA Group (Free2Move) and Volvo Cars (M) have also launched new carsharing initiatives in 2018-2019.
Car rental CSOs include Ubeeqo (owned by Europcar Mobility Group), Sixt Share (Sixt) as well as Zipcar (owned by Avis Budget Group). Specialised carsharing providers such as EVCard, GoFun, GreenWheels, Pand Auto, Mobility Carsharing, Enjoy, Communauto, Socar, Delimobil and many others accounted for about 72 percent of the carsharing members and managed close to 70 percent of the carsharing fleet worldwide at the end of 2018.
Highlights from the Report
- Insights from 30 executive interviews with market-leading companies
- New data on carsharing fleets and members worldwide
- A comprehensive overview of the carsharing telematics value chain
- In-depth analysis of market trends and key developments
- Detailed profiles of 30 carsharing platform vendors and their propositions
- Case studies of 59 carsharing initiatives from specialist CSOs and car OEMs
- Market forecasts by region lasting until 2023
Key Questions Answered
- What is the current status of the carsharing telematics industry?
- Which are the leading carsharing telematics platform providers?
- How are carmakers positioning themselves in the carsharing market?
- What carsharing services are available from leading service providers today?
- What business models are used by carsharing companies?
- What technology choices are there for carsharing operators?
- How will the market evolve in Europe, North America and other parts of the world?
- How will the corporate carsharing market evolve in the upcoming years?
Key Topics Covered
1 Cars and personal mobility services
1.2 Market trends
1.3 Car-based mobility services
1.4 Carsharing services worldwide
1.5 Car telematics infrastructure
2 Car OEM mobility service initiatives
2.2 Daimler Group
2.3 Ford Motor Company
2.4 General Motors
2.5 Hyundai Motor Group
2.6 Nissan Motor Company
2.7 PSA Group
2.8 Renault Group
2.9 Toyota Motor Corporation
2.10 Volkswagen Group
2.11 Volvo Car Group
3 Carsharing organisations
3.1 Specialist carsharing companies in Europe
3.2 Specialist carsharing companies in the Americas
3.3 Specialist carsharing companies in Asia-Pacific
3.4 Specialist carsharing companies in ROW
3.5 Car rental companies
4 Technology vendors
4.1 End-to-end carsharing solutions
4.2 Carsharing software platforms
4.3 In-vehicle systems
5 Market forecasts and trends
5.1 Carsharing market forecasts
5.2 Mergers and acquisitions in the carsharing telematics space
5.3 Market trends
Companies Mentioned (A-Z)
- Avis Budget Group
- Bluecarsharing (Bolloré Group)
- CAR2GO (GoTo Mobility)
- Daimler Group
- Enterprise CarShare
- Enterprise Rent-A-Car
- Envoy Technologies
- Europcar Mobility Group
- Ford Motor Company
- GIG CarShare
- General Motors
- Hyundai Motor Group
- IER-Polyconseil (Bolloré Group)
- LetsGo Delebil and LetsGo Fleet Systems
- Local Motion by Zipcar
- Lotte Rental and Green Car
- MOL Limo
- Miveo (Move About Group)
- Mobility Carsharing Switzerland
- Mobility Tech Green
- MonGeo Connected Technology
- Nissan Motor Company
- ORIX Auto Corporation and ORIX CarShare
- Omoove (Octo Telematics)
- PSA Group
- Pand Auto
- Renault Group
- Sixt Group
- Targa Telematics
- Toyota Motor Corporation
- Trak Global
- Volkswagen Group
- Volvo Car Group
- Webfleet solutions (TomTom Telematics)
- Yandex Drive
For more information about this report visit https://www.researchandmarkets.com/r/16xlt3