Market Overview:
The global Car-as-a-Service market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for Car-as-a Service due to its convenience and affordability. Additionally, the rising penetration of smartphones and internet connectivity is also aiding in the growth of this market. The global Car-as-a Service market can be segmented on the basis of type into ride service, rental service, and other services. The ride service segment is expected to account for a major share of the global Car-as Service market during the forecast period owing to its growing popularity among consumers. Additionally, rental services are also gaining traction due to their affordable pricing as compared with owning a car outright. Other services include chauffeur service, car sharing, and others. On the basis of application,the global Car - as - a -Servicemarket can be divided into online applicationand offlineapplication segments .
Product Definition:
A car-as-a-service (CaaS) model is a business model where customers can access cars for short periods of time, typically through a mobile app. The importance of CaaS is that it allows people who don't own cars to have access to them when they need them, which can be especially useful in urban areas.
Ride Service:
Ride-service is a type of car service that allows customers to book transportation using a smartphone app. The service was launched in 2010 in San Francisco and has since expanded globally, with the largest market share held by U.S. However, the industry is still finding its feet and trying to establish itself as an alternative for commuters who use public transport or carpooling as an efficient mode of travel.
Rental Service:
Rental service is a type of car-as-a-service model in which the customer leases the vehicle and does not purchase it. In this model, the supplier provides all the necessary equipment to drive and maintain vehicles, but leaves its maintenance to the customer. The main aim of this business is to provide customers with a vehicle that they can use for a short period of time without any hassles and at an affordable price.
Application Insights:
Offline application segment dominated the global car-as-a-service market in 2017 and is expected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to growing demand for automobiles from consumers, especially in countries like Germany, China and India where online booking is not feasible due to high traffic density or availability of vehicles on rent. In addition,Offline applications also offer flexibility as customers are free to choose when they require an automobile and where they would like it deliveredto them.
Regional Analysis:
The North American regional market dominated the global car-as-a-service industry in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing investments by companies such as Uber Technologies Inc., Lyft, and Didi Chuxing. These companies are investing huge amounts in research & development activities and expanding their service offerings across various cities within the U.S.
Asia Pacific is projected to be one of the fastest growing regional markets from 2018 to 2030 due a large number of smartphone users along with developing internet infrastructure facilities within this region. Companies such as Avis Budget Group; Hertz Global Holdings Inc.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving to cities, and this is particularly true in developing countries. This creates a larger potential market for car-as-a-service, as more people will need access to transportation in densely populated areas.
- Rising income levels: As incomes rise around the world, people have more money to spend on transportation options like car-as-a service. This trend is particularly strong in developing countries, where there is rapid growth in the middle class.
- Improved technology: Car sharing services are becoming increasingly popular thanks to advances in technology that make them easier and more convenient to use. For example, apps that allow users to reserve cars and track their location make it easy for people to find and use cars when they need them.
Scope Of The Report
Report Attributes
Report Details
Report Title
Car-as-a-Service Market Research Report
By Type
Ride Service, Rental Service, Other
By Application
Online, Offline
By Companies
BMW AG, DiDi Chuxing, Ford Motor Company, Lyft, Uber Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Car-as-a-Service Market Report Segments:
The global Car-as-a-Service market is segmented on the basis of:
Types
Ride Service, Rental Service, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Offline
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BMW AG
- DiDi Chuxing
- Ford Motor Company
- Lyft
- Uber Technologies
Highlights of The Car-as-a-Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ride Service
- Rental Service
- Other
- By Application:
- Online
- Offline
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Car-as-a-Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Car-as-a-Service is a model of car ownership in which the customer leases or rents a vehicle from an independent provider. The customer pays for the use of the vehicle, rather than buying it outright.
Some of the major companies in the car-as-a-service market are BMW AG, DiDi Chuxing, Ford Motor Company, Lyft, Uber Technologies.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car-as-a-Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Car-as-a-Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car-as-a-Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Car-as-a-Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Car-as-a-Service Market Size & Forecast, 2018-2028
4.5.1 Car-as-a-Service Market Size and Y-o-Y Growth
4.5.2 Car-as-a-Service Market Absolute $ Opportunity
Chapter 5 Global Car-as-a-Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Car-as-a-Service Market Size Forecast by Type
5.2.1 Ride Service
5.2.2 Rental Service
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car-as-a-Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Car-as-a-Service Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car-as-a-Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Car-as-a-Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Car-as-a-Service Analysis and Forecast
9.1 Introduction
9.2 North America Car-as-a-Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Car-as-a-Service Market Size Forecast by Type
9.6.1 Ride Service
9.6.2 Rental Service
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Car-as-a-Service Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Car-as-a-Service Analysis and Forecast
10.1 Introduction
10.2 Europe Car-as-a-Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Car-as-a-Service Market Size Forecast by Type
10.6.1 Ride Service
10.6.2 Rental Service
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Car-as-a-Service Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Car-as-a-Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car-as-a-Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Car-as-a-Service Market Size Forecast by Type
11.6.1 Ride Service
11.6.2 Rental Service
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Car-as-a-Service Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Car-as-a-Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Car-as-a-Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Car-as-a-Service Market Size Forecast by Type
12.6.1 Ride Service
12.6.2 Rental Service
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Car-as-a-Service Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Car-as-a-Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car-as-a-Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Car-as-a-Service Market Size Forecast by Type
13.6.1 Ride Service
13.6.2 Rental Service
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Car-as-a-Service Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Car-as-a-Service Market: Competitive Dashboard
14.2 Global Car-as-a-Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BMW AG
14.3.2 DiDi Chuxing
14.3.3 Ford Motor Company
14.3.4 Lyft
14.3.5 Uber Technologies
