PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463804
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463804
P2P Carsharing Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)
Key Highlights
The P2P carsharing market was valued at USD 2,457.3 million in 2023, which will increase to USD 7,225.2 million, powering at more than 15.5% compound annual growth rate, by 2030.
The rising worries concerning greenhouse gas emissions is a major driving factor for the industry. Environmental agencies' worries regarding air quality degradation are opening the path for different government initiatives to control emissions, by decreasing the ownership of private automobiles.
Carsharing is an ideal solution to limit the environmental impact of pollution. The rising acceptance of such services would assist in reducing the count of private cars on the roads, thus, reducing the amount of CO2 emissions.
The arrival of mobility as a service (maas) is a key trend in this industry. The development of MaaS is powered by the move from personal ownership of automobiles to shared mobility like P2P carsharing.
The service offers a means to manage trips and provides mobility solutions based on the traveling requirements of end users. MaaS relies on a digital platform that incorporates online booking, end-to-end trip planning, payment, and various other services.
With the increasing cost of vehicle ownership over the past few years, many individuals have started shifting toward finding affordable, hassle-free, and accessible transportation means, including using car-pooling, vehicle renting, and P2P carsharing, which are all part of the MaaS ecosystem.
Market Insights
In 2023, approximately 45% of revenue share was held by executive cars. This can be because of their lower rental price relative to the quality and comfort provided to customers.
With the swift economic development of different emerging economies, including China and India, the count of businesses is surging and investors are investing in many startups.
The production of executive cars is being increased to provide greater transport services to workforces, which, sequentially, boosts the global P2P service demand growth.
Europe accounted for the largest share of the industry in 2023, with approximately 50% share.
Because of the densely populated cities and increasing pollution in this region, the EU continuously emphasizes the requirement for green technologies and various other alternatives, to enable a decrease in environmental emissions.
The governments and key players in Europe are concentrating on the acceptance of EVs in sharing fleets and on boosting private EV acceptance.
P2P carsharing requirement is flourishing in Europe primarily because of the wide range of offerings by major players, which cater to different consumer necessities at differentiated price points.
APAC is likely to advance at the fastest compound annual growth rate, of approximately 23.2%, in the years to come. This is because India and China have increased their emphasis on accepting new mobility services as well as EVs.
With constant backing from the government in the form of incentives and policies, China will demonstrate strong growth in the years to come.
The P2P carsharing industry is fragmented in nature, with the existence of many small private companies. Most companies operate in a specific region or country.
Few companies, backed by heavy investor investment, have been able to increase their business in many nations.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by car type
- 1.4.2. Market size breakdown, by region
- 1.4.3. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Car Type (2017-2030)
- 6.3. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Car Type (2017-2030)
- 7.3. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Car Type (2017-2030)
- 8.3. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Car Type (2017-2030)
- 9.3. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Car Type (2017-2030)
- 10.3. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Car Type (2017-2030)
- 11.3. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Car Type (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Car Type (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Car Type (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Car Type (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Car Type (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Car Type (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Car Type (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Car Type (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Car Type (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Car Type (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Car Type (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Car Type (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Car Type (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Car Type (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Car Type (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Car Type (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Car Type (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Turo Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Atzuche
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Getaround
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. SnappCar
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. HyreCar Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Social Car SL
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. GoMore ApS
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. SNCF Reseau Group
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Car Next Door Australia Pty. Ltd
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Hiyacar Ltd
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. JustShareIt Inc.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Zoomcar Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
