In 2024 thus far, there were around 5.5 million car sharing users in Germany. This was another noticeable increase compared to roughly 4.47 million the year before. Figures increased almost annually during the specified timeline. The break in 2020 was due to the restrictions on mobility and travel during the coronavirus (COVID-19) pandemic.

How does it work?

The term car sharing means the organized communal use of one or more cars, and is one example of a growing sharing economy around the world. Car sharing may be a practical solution for city dwellers not looking to buy a car, who drive only occasionally. Aside from details pertaining to individual car sharing companies, generally, the system works the same way anywhere. A company provides a certain number of cars, users typically download an app to their smartphone to be able to use the service (though they might also book a vehicle via a website or a phone call). The car is then opened with the respective app, customer card or a key. Billing is based either on minutes, distance covered, both or a flat rate. Cars are used by multiple customers. Private car sharing is also an option. Rural areas are usually not covered.

Conquering consumers

Car sharing is still a fairly young market in Germany, with strong growth potential, though not without challenges. Interest in car sharing has waned somewhat in recent years, judging by surveys. In 2023, around 8 million people in Germany confirmed their interest, compared to roughly 8.3 million the year before. Meanwhile, the number of car sharing companies has increased steadily in recent years, with 293 operating in the country thus far in 2024.

We asked Italian consumers about "Most used car sharing brands" and found that "Enjoy" takes the top spot, while "Eppy" is at the other end of the ranking.Find this and more survey data on most used car sharing brands in our Consumer Insights tool. Filter by countless demographics, drill down to your own, hand-tailored target audience, and compare results across countries worldwide.

Simulated Car-sharing data-set 2 with multiple fields including activities of anonymized users (e.g. source, destination, travel time, price offers etc.)

The City of Sydney supports car sharing to enable more sustainable travel habits and helps keep businesses and residents connected. This data is provided by City of Sydney and provides the approximate location of car share bays and is not an indication of car availability. The following car share operators will have up-to-date locations: Car Next Door Flexicar GoGet Popcar The API provides data in GeoJSON format. For more information visit City of Sydney Car share bay operator.

Snapshot img

Car Sharing Market Forecast 2024-2028

The car sharing market size is forecast to increase by USD 17.59 billion, at a CAGR of 21.12% between 2023 and 2028. The growth rate of the market depends on several factors, such as the stringent government regulations regarding emission control, the increasing investments and collaborations in car sharing by automobile manufacturers, and the growing adoption of shared mobility due to increasing traffic congestion and pollution.

The car-sharing market in North America is experiencing growth, driven by the investments of numerous OEMs from other regions in the region. Avis Budget Group Inc. provides car-sharing services through the brands Avis, Budget, and Zipcar. Bayerische Motoren Werke AG offers car-sharing services through Cambio CarSharing, offering a diverse selection of cars at reserved parking places

Car Sharing Market Forecasting and Size

Market Forecast 2024-2028

To learn more about this report, Request Free Sample

Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver - Stringent government regulations regarding emission control

Several government bodies across regions have formulated vehicular emission norms to monitor particulate emissions. In addition, Euro emission standards formulated by the European Union, Corporate Average Fuel Economy (CAFE) standards formulated by the US, and the Japanese New Long-Term Emission Standards are some examples of new emission standards.

Moreover, European emission standards and testing procedures are implemented across several countries. In addition, countries in APAC, such as India and China, also follow Euro emission standards. Furthermore, Euro emission standards introduced mandatory carbon dioxide regulations for passenger cars for the first time in 2009. In addition, individual manufacturers were allowed a higher carbon dioxide emission value based on the average weight of their vehicle fleets. Hence, such factors are driving the market growth during the forecast period.

Trends - Increasing investments in autonomous car production

The growing investments in autonomous car production are fuelling the adoption of car-sharing services. For example, in March 2021, Honda Motor launched its luxury sedan car, which features certified level 3 autonomous driving technology. In addition, self-driving vehicles navigate with the help of information received from a connected car network and IoT.

Moreover, autonomous vehicles incorporate several electronic systems, including backup aids, autonomous brake systems, and radar sensors. In addition, radar sensors, which are integrated into autonomous vehicles, are used to determine the velocity and range of objects. Most of these electronic systems are controlled using sensors. Furthermore, radar sensors can input autonomous vehicle operations for safety and reliability. Hence, such factors are driving the market growth during the forecast period.

Challenge - Rigid government regulations pertaining to car sharing services

Regulations and policies regarding car sharing services present major challenges to the growth of the global market as they can vary greatly between countries and cities. In addition, this implies that to operate in various regions, car-sharing companies must navigate a convoluted web of regulations, which can be time-consuming and expensive.

For example, limitations on the number of cars that can be used for car sharing may exist in some European cities such as Rome, which may limit the services accessibility and make it challenging for businesses to expand their operations. In addition, some cities may demand that car-sharing companies acquire particular permits or licenses, which can be a cumbersome and lengthy process. Furthermore, other regulations that may limit the growth of the car-sharing market include parking restrictions that limit the number of dedicated parking spaces for car-sharing vehicles and zoning restrictions that limit where car-sharing vehicles can park or operate. Hence, such factors are hindering the market growth during the forecast period.

Market Segmentation by End-user, Mode Of Booking, and Geography

End-user Segment Analysis:

The business segment is estimated to witness significant growth during the forecast period. The business segment of the global market is increasing due to an increase in the dedicated fleet of shared-use vehicles. In addition, the car sharing service allows enterprises to optimize their fleet management and significantly reduce fleet-related costs. Furthermore, it also allows companies to offer an attractive mobility solution to their employees.

Customised Report as per your requirements!

The business segment was the largest segment and was valued at USD 3.68 bi

The car sharing market size reached US$ 8.0 Billion in 2023 to reach US$ 23.3 Billion by 2032, at a CAGR of 12.3% during 2024-2032.

Expert industry market research on the Car Sharing Providers in the US (2024-2029). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

The Latin America Carsharing Market is valued at 93.65 million in 2023 and is estimated to grow at a CAGR of around 22.7% during the forecast period 2024-29 cites MarkNtel Advisors.

As of March 2022, Times Mobility Co., Ltd. was the leading car sharing company in Japan, with around 1.81 million members using its service Times Car. Times Mobility Co., Ltd. is a full subsidiary of Park24 Co., Ltd. offering car rentals and sales of used cars moreover.

Car Sharing Market size was valued at USD 2.8 Billion in 2023 and is projected to reach USD 20.5 Billion by 2030, growing at a CAGR of 20% during the forecast period 2024-2030.

Global Car Sharing Market Drivers

The market drivers for the Car Sharing Market can be influenced by various factors. These may include:

Urbanization: The need for alternate modes of transportation, such as car sharing, is fueled by the growing urban population and traffic in cities. Because parking, traffic, and restricted mobility options are common problems for urban people, car sharing is a desirable and practical option for short-distance travel inside urban regions.

Environmental Concerns: People and governments are becoming more conscious of environmental issues and the need to cut carbon emissions, which motivates them to look for sustainable transportation options. By lowering greenhouse gas emissions, air pollution, and the environmental effect of private vehicle ownership, car sharing services—especially those that provide electric or hybrid vehicles—help create a more sustainable and greener transportation ecology.

Snapshot img { margin: 10px !important; } Market outlook of car-sharing in Europe

The popularity of car-sharing has grown by leaps and bounds all over Europe. The demand for car-sharing supersedes the current availability of car fleets in the market, and it is expected to witness stupendous growth over the coming years. As Technavio’s report, the car-sharing market is poised to reach a CAGR of well over 87% in the next four years.

Mobility solution providers have overtaken the car share operators (CSO) to emerge as the leading players in this market. The CSO segment accounts for approximately 26% of the market share as per the recent study.

Segmentation of the car-sharing in Europe by service providers

Service providers are expected to converge their offerings and services on a single mobility management platform to deliver a wide range of travel solutions.

Some of these service providers include: -

  OEMs
  Traditional and modern CSOs
  Rental companies
  Leasing companies
  Mobility solution providers

Mobility solution providers are slated to capture close to 50% of the market share through 2019. The mobility solution providers segment has diversified into areas such as business, government fleets, and low-income markets. The segment is set to benefit largely from favorable government grants and policies on taxation, parking, and insurance. Also, ongoing advances in technology like the integration of smartphones with cars, thrive on this segment.

For instance, Audi plans to offer high-speed wireless data connection in cars to provide access to services such as communication with parking garages to find open spaces.

Segmentation of the car-sharing market in Europe by mode of commute

  Two-way
  One-way

The two-way car-sharing segment accounts for more than half of the market, and the trend is expected to continue during the forecast period. Though one-way mode involves higher rentals because of higher base charges, the segment is growing rapidly.

There are many customers who view the one-way model as the most hassle-free sharing option as it allows them to choose their pick-up and drop-off points. This model also offer users the option of renting vehicles for a shorter time frame. In the coming years, vendors will launch highly customized services for leveraging the popularity of this segment.

Evolution of corporate mobility in Europe

Precursor to car-sharing:

  Ridesharing
  Company carpooling

Advent of car-sharing:

  Corporate car-sharing
  Multi branding solutions
  CSOs for business Customers
  Extended car-sharing (for longer rental hours)  

Current status of car-sharing:

  EV corporate car-sharing
  EV leasing services
  B2C car-sharing
  Mobility-related mobile applications
  Mobility solutions for remote workforce

Future of car-sharing:

  Parking management
  Inter-company fleet sharing
  One-way and two-way car-sharing
  Intra-company fleet sharing
  Integrated Multi-modal solutions

Key vendors in the car-sharing market in Europe

  ALD Automotive
  Alphabet
  Arval
  Sixt
  Ubeeqo

Vendors in the market compete on the basis of pricing, fleet size, car-sharing locations, and marketing expertise. The leading vendors in the market dominate the market by providing diverse product portfolios.

Other prominent vendors in the market include Autolib, Cambio CarSharing, DriveNow, Europcar, Fleetster, Greenwheels, Mobility Carsharing, Mobility Mixx, Sunfleet, and Zipcar.

Other sections of the report include an analysis of the following

Key drivers, challenges, and trends and their impact on the car-sharing market in Europe
Five forces analysis of the car-sharing market in Europe
SWOT analysis of the leading companies in the car-sharing market in Europe
Major drivers, trends, and challenges of the leading countries of the car-sharing market in Europe

Related reports

  Car-sharing Market in APAC 2015-2019
  Car-sharing Market in Japan 2014-2018
  Car-sharing Market in North America 2014-2018

The peer-to-peer carsharing market generated a revenue of $2,457.3 million in 2023, and it is projected to reach $7,225.2 million in 2030, with a growth rate of 15.8% during 2024–2030.

Expert industry market research on the Car Sharing Activities in the UK (2024-2029). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

Car Sharing Market is expected to increase at a CAGR of 3 to 5 percent, from its estimated valuation of USD XX Million by 2031

Posizione stalli Car sharing Posti auto dedicati al ritiro e alla consegna dei mezzi Car sharing. Dati prelevati direttamente dal sito https://www.carsharing.tn.it

Il car sharing permette di avere a disposizione un’auto adatta alle esigenze familiari o aziendali senza possederne una e senza sostenerne i costi fissi (bollo, assicurazione, manutenzione, garage o parcheggio), ma pagando solo in proporzione all'utilizzo.

Maggiori informazioni sul funzionamento sono reperibili al link https://www.carsharing.tn.it/it/come-funziona/

The Global Car Sharing Telematics Market is segmented by Channel (Original Equipment Manufacturers (OEM), Aftermarket), Form (Embedded, Tethered, Integrated), and Geography.

The European Car Sharing Market size was valued at $3.7 Billion in 2023 and it will grow $18.2 Billion at a CAGR of 19.1% by 2023 to 2032 - CMI

Introduction

Car rental statistics: car rental statistics offer valuable insights into the dynamics of this industry. In recent years, the car rental market has experienced significant growth and transformation, driven by various factors. With a global market size projected to reach USD 124.56 billion by 2026, according to recent forecasts, it's evident that the demand for rental vehicles continues to rise steadily. This growth is fueled by increasing travel and tourism activities worldwide, as well as the growing popularity of ride-sharing services and the need for flexible transportation options. Additionally, the rise of digital platforms and mobile applications has revolutionized the way consumers access and book rental cars, making the process more convenient and efficient. However, the industry also faces challenges such as fluctuating fuel prices, regulatory changes, and the emergence of alternative transportation solutions. By exploring key statistics and trends in the car rental sector, we can gain valuable insights into consumer preferences, market dynamics, and opportunities for growth and innovation

Editor’s Choice

• Volkswagen holds the top spot for car rentals in Lithuania, Norway, and Latvia, with 68%, 57%, and 51% of bookings respectively.
• Corporate clients contribute 25% of the car rental industry's revenue.
• The projected revenue for the car rental industry by 2023 is USD 99.54 billion.
• Asia's car rental market is anticipated to gain 348.9 million users by 2027.
• The United States boasts over 2 million economy-class rental vehicles.
• Expected car rental users could reach 602.2 million by 2026.
• The U.S. accounts for nearly 50% of the global car rental industry annually.
• American car rental users are forecasted to rise to 108.50 million by 2027.
• Popular rental choices in New Zealand and Australia include Toyota and Hyundai.
• In 2022, the car rental industry generated USD 81.32 billion in revenue.
• The leisure division holds approximately 55% of the market share, while the commercial division holds around 45%.
• The industry's revenue dropped by 27.4% in 2020 compared to 2019.
• Hertz, one of the largest car rental companies, experienced a 56% revenue loss in 2020 and filed for bankruptcy, exiting in 2021.
• The American car rental industry employed 132,908 individuals in 2021.
• 50.5% of car rental agents are female.
• Renting a vehicle is possible in New York and Michigan for individuals as young as 18.
• Drivers under 25 years old are subject to a Young Renter surcharge.

You May Also Like To Read

• Trucking Industry Statistics
• Food Truck Statistics
• Airlines Statistics
• Ridesharing Industry Statistics
• Electric Vehicle Statistics
• LYFT Statistics
• Aviation Statistics

Global Ride Sharing market size is predicted to amass revenue gains totaling approximately 261.71 (USD Billion) by 2026 and with a CAGR of about 18.96%.