P2P CarSharing market is anticipated to grow at a CAGR of 17.6% during the forecast period (2023-2030). The market’s growth is attributed to the growing demand of urbanization and congestion. Congestion and the need for effective transportation solutions increase as metropolitan populations grow. The P2P vehicle-sharing reduces congestion by providing an alternative to traditional automobile ownership. For instance, in September 2020, Moscow launched P2P car-sharing and multimodal payments and facial recognition at metro turnstiles are all part of Moscow’s tech-driven transportation system. All users can be subjected to extensive profile checks, and automobile owners receive complete control over the vehicle renting process.
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The global P2P CarSharing market is segmented on the car type. Based on the car type, the market is sub-segmented into economy, executive, and luxury. The executive subcategory is expected to capture a significant portion of the market share within the car type segment. The growth can be attributed to more affordable rental rates relative to the comfort and quality offered to customers, that boosts the demand for peer-to-peer (P2P) CarSharing services.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global P2P Carsharing Market by Car Type
- Economy
- Executive
- Luxury
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Car Next Door Australia Pty. Ltd.
- EasyCar Club
- HyreCar
- JustShareIt, Inc
- Karshare
- Kenyan startup Komboa
- Snap Inc.
- SnappCar
- SNCF Réseau
- SocialCar
- Toyota Financial Services Corp. (Kinto)
- Turo Inc.
- Zoomcar™ Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global P2P CarSharing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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