Market Overview:
The global corporate car-sharing market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cost-effective and convenient transportation solutions, rising awareness about environment-friendly commuting options, and growing adoption of car sharing by businesses. Based on type, the global corporate car-sharing market is segmented into two-way and one-way sharing modes. The two way sharing mode is further classified into round trip and point to point sharing modes. In terms of revenue, the round trip segment accounted for a larger share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to increased flexibility offered by this mode as it allows users to travel both ways between their starting and destination points without having to make any changes in their plans or arrangements. In terms of application, OEMs (original equipment manufacturers) held a dominant share in 2017 owingtothe increasing demand for shared mobility solutions from businesses across different industry verticals such as automotive, retail, hospitality etcetera . However , traditional & modern CSOs (car service operators) are projectedto register highest CAGRduringthe forecastperioddue tomovement towards shared mobility services among consumers coupled with rising investments by venture capitalistsin this space .
Product Definition:
A car-sharing company is a business that provides access to vehicles for hire, generally by the hour or day. Corporate car-sharing is a variation of this service that is designed specifically for businesses and their employees.
The importance of corporate car-sharing lies in its ability to save companies money while also providing employees with convenient, affordable transportation. By pooling resources and sharing cars among employees, businesses can reduce their overall transportation costs. Additionally, car-sharing services often include fuel discounts and other benefits that make using a shared vehicle even more cost effective.
Two-way:
Two-way is a type of smart contract used in the car-sharing market. It's an agreement between two parties, where one party (the initiator) can reserve and book a parking space and the other party (the responder) can accept or decline that booking. The Two-way contract also includes information about payment methods, time duration for which the booking is valid etc.
One-way:
One-way is a term used for traffic flow in which vehicles are driving towards the central part of city where there is heavy traffic and coming back from the other side of city. In one-way road, there is no entry or exit point; it's just a one way road with oncoming traffic.
Application Insights:
The OEMs segment dominated the global market in 2017. The major companies operating in the automotive industry, such as Dacia, BMW AG, Mercedes-Benz and Ford Motor Company have been focusing on reducing their vehicle inventory by introducing car-sharing services. This has led to an increase in demand for vehicles among consumers who prefer car-sharing over traditional leasing or rental models.
The rental companies segment is expected to witness significant growth over the forecast period owing to increasing consumer preference for short term rentals of cars/vans as opposed to long term leases or rentals where a customer can only use a vehicle with a driver from that particular company. Rental companies are increasingly entering into partnerships with mobility solution providers and automakers so that they can provide access to their fleet of vehicles through mobile applications or online portals which will result in increased demand for corporate carsharing among consumers globally.
Other segments include taxi service providers.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to increasing awareness about car-sharing services and availability of such platforms. Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to increasing number of mobility solution providers entering into this business and rising disposable income levels in developing countries, such as India and China. Moreover, growing trend towards sustainable transportation solutions will also drive growth in APAC region over the next eight years.
The European market for corporate car-sharing has been experiencing a boom since last few years on account of increased focus on alternative fuel vehicles by major rental companies across Europe including Avis Budget Group; Enterprise Rent-a-Car; Alamo Rent a Car Inc.; Hertz Global Holdings Inc.; Sixt rent a car network; Europcar S.A.
Growth Factors:
- Increasing urbanization – with more people moving to cities, the need for efficient and affordable transportation options will increase, driving demand for corporate car-sharing services.
- Rising fuel prices – as fuel prices continue to rise, using a car-sharing service will become increasingly cost effective, boosting demand for these services.
- Environmental concerns – an increasing number of people are becoming environmentally conscious and are looking for ways to reduce their carbon footprint. Corporate car-sharing is a greener option than owning a personal vehicle and can help businesses meet their sustainability goals.
- Improved technology – advancements in technology have made corporate car-sharing easier and more convenient than ever before, making it an attractive option for busy professionals on the go.
Scope Of The Report
Report Attributes
Report Details
Report Title
Corporate Car-sharing Market Research Report
By Type
Two-way, One-way
By Application
OEMs, Traditional And Modern CSOs, Rental Companies, Mobility Solution Providers, Others
By Companies
Ubeeqo, ALD Automotive, Arval, Sixt, Fleetster, DriveNow, Europcar, Autolib, Cambio CarSharing, Mobility Carsharing, Zipcar
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Corporate Car-sharing Market Report Segments:
The global Corporate Car-sharing market is segmented on the basis of:
Types
Two-way, One-way
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
OEMs, Traditional And Modern CSOs, Rental Companies, Mobility Solution Providers, Others
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:
- Ubeeqo
- ALD Automotive
- Arval
- Sixt
- Fleetster
- DriveNow
- Europcar
- Autolib
- Cambio CarSharing
- Mobility Carsharing
- Zipcar
Highlights of The Corporate Car-sharing 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:
- Two-way
- One-way
- By Application:
- OEMs
- Traditional And Modern CSOs
- Rental Companies
- Mobility Solution Providers
- Others
- 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 Corporate Car-sharing 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.
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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?
Corporate car-sharing is a form of car sharing in which employees of a company use cars belonging to the company for commuting. Corporate car-sharing can be used to reduce traffic congestion, save on gas and parking costs, and promote environmental awareness.
Some of the key players operating in the corporate car-sharing market are Ubeeqo, ALD Automotive, Arval, Sixt, Fleetster, DriveNow, Europcar, Autolib, Cambio CarSharing, Mobility Carsharing, Zipcar.
The corporate car-sharing market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corporate Car-sharing 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 Corporate Car-sharing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corporate Car-sharing 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 Corporate Car-sharing 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 Corporate Car-sharing Market Size & Forecast, 2020-2028
4.5.1 Corporate Car-sharing Market Size and Y-o-Y Growth
4.5.2 Corporate Car-sharing Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Two-way
5.2.2 One-way
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Traditional And Modern CSOs
6.2.3 Rental Companies
6.2.4 Mobility Solution Providers
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corporate Car-sharing 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 Corporate Car-sharing 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Two-way
9.6.2 One-way
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 Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Traditional And Modern CSOs
9.10.3 Rental Companies
9.10.4 Mobility Solution Providers
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Two-way
10.6.2 One-way
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 Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Traditional And Modern CSOs
10.10.3 Rental Companies
10.10.4 Mobility Solution Providers
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Two-way
11.6.2 One-way
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 Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Traditional And Modern CSOs
11.10.3 Rental Companies
11.10.4 Mobility Solution Providers
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Two-way
12.6.2 One-way
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 Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Traditional And Modern CSOs
12.10.3 Rental Companies
12.10.4 Mobility Solution Providers
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Two-way
13.6.2 One-way
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) Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Traditional And Modern CSOs
13.10.3 Rental Companies
13.10.4 Mobility Solution Providers
13.10.5 Others
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 Corporate Car-sharing Market: Competitive Dashboard
14.2 Global Corporate Car-sharing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ubeeqo
14.3.2 ALD Automotive
14.3.3 Arval
14.3.4 Sixt
14.3.5 Fleetster
14.3.6 DriveNow
14.3.7 Europcar
14.3.8 Autolib
14.3.9 Cambio CarSharing
14.3.10 Mobility Carsharing
14.3.11 Zipcar
