Global Market for Car Sharing is Anticipated to grow at a Moderate Pace i.e., USD 6.2 Billion during the Forecast Period 2021-2027

1
Global Car Sharing Market
2

• About VynZ Research
• VynZ Research is a global market research firm
  offering research, analytics, and consulting
  services on business strategies. We have a
  recognized trajectory record and our research
  database is used by many renowned companies and
  institutions in the world to strategize and
  revolutionize business opportunities. The company
  focuses on providing valuable insights on various
  technology verticals such as Chemicals,
  Automotive, Transportation, Energy, Consumer
  Durables, Healthcare, ICT and other emerging
  technologies.
• VynZ Research has one of the most qualified
  experienced analysts, who are constantly tracking
  the markets and the technologies. The research
  team has years of proven experience and wide
  knowledge understanding of the technology,
  application, business models, and regulators of
  the segments and the value chain involved.
• A trusted proven methodology that involves
  highest quality of primary research, secondary
  analysis collated verified through various
  sources including cross checking with different
  industry experts.
• Serving wide range of customers most of them from
  Fortune 2000 companies
• With a dedicated 24x7 customer helpline our
  customers can reach for specifying their needs
• Developing long term relationship with the
  clients and satisfying them is one of the crucial
  notches of the company. VynZ Research aims at
  gaining and retaining its clients in order to
  make long term customer relationship.

3
Global Car Sharing Market
The global car sharing market is anticipated to
reach USD 6.2 billion by 2027, registering a CAGR
of 20 during 2021-2027. The adoption of urban
mobility solutions is fueling the industry's
growth as a result of rigorous government rules
aimed at reducing automotive pollution. The
market figures are being propelled by the
increased prominence of car-sharing as an
economical and convenient solution to travel
across short distances. Passengers can pay
according to their usage, based on the distance
traveled and the cost of fuel. Car-sharing lowers
the expense of owning a car, as well as the cost
of transport and congestion. The increased
prominence of digital car keys will create
opportunities for industry players and new
entrants to grow in the car sharing market. The
COVID-19 pandemic has had an adverse impact on
the transportation industry. There is a decrease
in demand for car-sharing services globally owing
to lockdowns and passengers were reluctant to use
car sharing services post lockdown.
4
Global Car Sharing Market
Based on business model, one way trips are
becomingly increasing prominent and is
anticipated to have a high CAGR during the
forecast period 2021-2027 owing to the increased
flexibility and customer convenience. Intercity
travel is aided by one-way car-sharing, which
reduces traffic congestion. This also contributes
to a reduction in the number of private cars on
the road, lowering pollution levels. Asia
Pacific is anticipated to have significant growth
owing to rising urban transportation and rapid
urbanization. Countries are focusing on smart
personal mobility to reduce travel time and
congestion. Furthermore, the industry is expected
to be fueled by reasons such as an increase in
the daily commute to businesses in urban regions
and an increased desire to save gasoline by
giving a ride to commuters and coworkers
travelling along the same route, thereby
propelling the growth in the region.
5
Global Car Sharing Market
In collaboration with some of Saudi Arabia's
largest vehicle rental companies, the UAE's
car-sharing platform Ekar is introducing a car
subscription leasing service across the nation.
Cars on subscription are delivered to the
customer's door and include insurance,
maintenance, and roadside support. At any point,
the cars can be swapped, traded up, or returned.
Customers who desire a personal automobile
without the cost or obligation of ownership can
use the service instead of buying, leasing, or
renting one. During the pandemic, Ekar Saudi
Arabia car-sharing saw a surge in demand for
longer-term bookings, particularly among female
drivers who chose ekar as their "first automobile
solution. The prominent players in the car
sharing industry include Autolib, Hertz
Corporation, Car2Go Ltd., Getaround, Inc,
Mobility carsharing, Turo Inc., Daimer AG, Ekar
Fz LLC, and Orix Corporation.
6
For Sample Report -
https//www.vynzresearch.com/automotive-transporta
tion/asia-electric-three-wheeler-market/request-sa
mple