Global Peer-to-Peer (P2P) Car-sharing Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about 24% from 2020 to 2027, reaching nearly US$ XX Mn.
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Global Peer-to-Peer (P2P) Car-sharing Market: Overview
The global peer to peer car sharing market is growing as the government is enforcing stringent rules over the emission of vehicles and also due to the rising crowd over the road. This is the rising need for new solution for this problem. The automotive companies are also investing to develop new technologies to provide solution on this problem.
The Peer-to-Peer car sharing is mainly driven by the technological development of internet and connectivity which provide platform to be available to provide services to user.
The electric vehicle market growth is supporting the growth of car sharing market growth. The digital key pass provides convenience to user to share car.
Global Peer-to-Peer (P2P) Car-sharing Market: Key Development.
The Google, Apple and EasyMile are developing user friendly apps to provide platform for user friendly and convenience for car sharing. Some players are also coming into this competition and will develop this market. Services like on demand taxi and ride-hailing are expected to affect the growth on this market.
Global Peer-to-Peer (P2P) Car-sharing Market: Drivers
In 2019, the Peer-to-Peer car sharing market is accounted to about 25%. The demand for Peer to Peer car sharing is increasing due to private car rental. This model allows car owner to rent their car, this will generate revenue for the car owner as well as it provides easy option for user.
This model provides easy rent for short distance commutes and this facility is provided through website and smartphone application service which connects car owners and the users.
This service reduces the road traffic as well as reduces the need to buy commercial vehicle.
Global Peer-to-Peer (P2P) Car-sharing Market: Restraints
Car leasing program initiated by the OEM can affect this market due to easy availability of own car may hamper Global Peer-to-Peer car sharing.
Taxi on demand and ride haling facility also expected to affect the global Peer-to-peer car sharing.
Global Peer-to-Peer (P2P) Car-sharing Market: Region
The Global Peer-to-Peer (P2P) Car-sharing Market is segmented in regions like Asia Pacific, Europe, North America, and Middle East & Africa. Among this region, Europe is expected to show major growth owing to the fact that the One Way Trip vehicle management is expected to grow with the expected total no of vehicle registration is to reach 2.9 million by the end of 2020.
Europe is the leader in Peer-to-Peer (P2P) Car-sharing market at global level for the customers in US and across the world. Asia Pacific region is expected to show many growth opportunities during the forecasted period. Owing to large volume of passenger vehicle which can offer Peer-to-Peer car sharing, will drive the market. About 75% of growth of this market is expected from Asia Pacific region.
Global Peer-to-Peer (P2P) Car-sharing Market: Segmentation
The Global Peer-to-Peer (P2P) Car-sharing Market is segmented by Model (Peer-to-Peer, Station Based, Free Floating), Business Model (Round Trip, One Way Trip), Application (Business, Private), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific)
The report also helps in understanding Peer-to-Peer (P2P) Car-sharing Market dynamics, structure by analyzing the market segments and projects the Peer-to-Peer (P2P) Car-sharing Market size. Clear representation of competitive analysis of key players by application, price, financial position, Engine portfolio, growth strategies, and regional presence in the Peer-to-Peer (P2P) Car-sharing Market make the report investor’s guide.
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Scope of the Peer-to-Peer (P2P) Car-sharing Market: Inquire before buying
Peer-to-Peer (P2P) Car-sharing Market, by Model
• Station Based
• Free Floating
Peer-to-Peer (P2P) Car-sharing Market, by Business Model
• Round Trip
• One Way Trip
Peer-to-Peer (P2P) Car-sharing Market, By Application
Peer-to-Peer (P2P) Car-sharing Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Key players operating in Peer-to-Peer (P2P) Car-sharing Market
• Cambio CarSharing
• Cityhop, Communauto Inc
• DriveNow GmbH & Co. KG
• Getaround, Inc
• CarShare Australia
• Ekar Fz LLC
• Hertz Corporation
• Hour Car
• Locomute (Pty) Ltd
• Lyft, Inc
• Mobility carsharing
• Modo Co-operative
• Orix Corporation
• Peg City Car Co-op
• Regina Car Share Co-operative
• Turo Inc
• Zipcar, Inc
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