Peer to Peer Carsharing Market, By Vehicle Type, By Rental Duration, By Service Model, By Region

Description

The peer-to-peer (P2P) carsharing market size is estimated to be valued at US$ 2,214.2 Mn in 2023 and is projected to reach US$ 6,931 Mn by 2030, exhibiting a compound annual growth rate (CAGR) of 17.7% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 2,214.2 Mn
Historical Data for:	2017 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	17.70%	2030/2031 Value Projection:	US$ 6,931 Mn

Figure 1. Peer to Peer Carsharing Market Share (%), By Region, 2023

Peer-to-peer car sharing is an innovative approach to car rental that allows people to rent out their personal vehicles or use other people's cars for short periods of time. By leveraging modern technology and the sharing economy model, peer-to-peer car sharing platforms allow individuals with unused or underutilized vehicles to rent them out while also giving others an alternative to traditional car rentals or car ownership. These platforms handle insurance, payment processing, and facilitate vehicle booking and rental, providing much needed flexibility and access to cars. With consumers increasingly seeking access over ownership for mobility needs, peer-to-peer car sharing is expected to gain more popularity globally in the coming years.

Market Dynamics:

The potential for cost savings is one of the primary motivators for peer-to-peer carsharing. Car owners have the option to lower down the ownership costs by renting out their cars. Simultaneously, short-term individuals can avail this short term facility also, since they get better convenience and flexibility as compared to typical automobile rental services. With the help of mobile apps, all the necessary procedures are done by the city residents who require occasional accesses. The other key driver is the environmental sustainability factor. Sharing automobiles leads to fewer cars on road, thereby reducing trafficking congestion and carbon emissions. It helps in efficient resource usages. All these are possible only because of the advancements in the technology, notably with the mobile apps and GPS(Global Positioning System) tracking. The seamless communication between owners and renters, easy booking methods, dependable security measures has led to the improvement of the overall user experience.

One of the most difficult obstacles for peer-to-peer carsharing services is obtaining proper insurance coverage and dealing with liability risks. This factor is expected to hamper the market growth.

Key features of the study:

This report provides in-depth analysis of the peer to peer car sharing market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global peer to peer car sharing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Turo, Getaround, Zipcar, SnappCar, Maven, HiyaCar, DriveNow, and RelayRides
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global peer to peer car sharing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global peer to peer car sharing market

Detailed Segmentation:

By Product Type:
- Executive
- Economy
- Luxury
By Duration:
- Hourly
- Daily
- Weekly
- Monthly
By Service Model:
- Round-trip Carsharing
- One-way Carsharing
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Company Profile:
- Turo
- Getaround
- Zipcar
- SnappCar
- Maven
- HiyaCar
- DriveNow
- RelayRides

Product Code: CMI6039

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Duration
- Market Snippet, By Service Model
- Market Snippet, By Maturity
- Market Snippet, By Value added Services
- Market Snippet, By Geographic Locations
- Market Snippet, By Regions
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Cost savings
- Technological advancements
- Restraints
- Insurance and liability concerns
- Trust and security
- Opportunities
- Revenue generation
- Cost savings for renters
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Peer to Peer Carsharing Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Peer to Peer Carsharing Market, By Product Type, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Executive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Economy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Luxury Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)

6. Peer to Peer Carsharing Market, By Duration, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Hourly
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Daily
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Weekly
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Monthly
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)

7. Peer to Peer Carsharing Market, By Service Model, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Round-Trip Carsharing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
One-Way Carsharing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)

8. Peer to Peer Carsharing Market, By Region, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Sub-region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Duration, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Duration, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Duration, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Duration, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Duration, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2017-2030,(US$ Mn)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

9. Competitive Landscape

Company Profile
- Turo
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Getaround
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Zipcar
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- SnappCar
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Maven
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- HiyaCar
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- DriveNow
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- RelayRides
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views

10. Section

References
Research Methodology
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