DUBLIN--(BUSINESS WIRE)--The "Peer-to-Peer Carsharing Market Research Report: By Car Type - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

From $1,015.7 million in 2020, the value of the global peer-to-peer carsharing market will reach $7,225.2 million by 2030, advancing at a CAGR of 21.7%, according to the market research report.

Companies Mentioned

  • Turo Inc.
  • Social Car SL
  • GoMore ApS
  • SNCF Reseau Group
  • Getaround Inc.
  • HyreCar Inc.
  • Car Next Door Australia Pty. Ltd.
  • Hiyacar LTD.
  • JustShareIt Inc.

The major factors propelling the demand for such transport services include:

  • Convenience and Cost-Effectiveness: Owning a vehicle is becoming increasingly costly due to the rising vehicle and fuel prices, parking expenses, licensing and registration fees, and insurance premiums. In this regard, P2P carsharing allows people to enjoy driving a car, but without having to pay for anything except for the ride. Moreover, cars can be booked for rental almost throughout the day via the website or mobile app of the service enabler.
  • Air Pollution: The worsening problem of air pollution is another big factor behind the P2P carsharing services market growth, as the idea behind encouraging people to opt for such services is to reduce carbon emissions by decreasing the number of private vehicles in operation. Moreover, most of the cars deployed for such services are electric variants, which gives environmental conservation efforts a strong boost.

The COVID-19 pandemic has affected the P2P carsharing services market negatively because of the lockdown measures around the world, which forced people indoors. This led to a drastic drop in the number of trips being taken for leisure, business, and college purposes. Moreover, the fear of infection has impelled people to use other means of transport, such as micromobility and their own vehicles, thereby further pushing down the demand for P2P carsharing.

The executive category has been projected to contribute the highest revenue to the P2P carsharing services market throughout this decade, based on car type. Such cars provide the best mix of comfort and cost, which makes them popular among commuters.

Europe dominates the P2P carsharing services market as people here, especially those in major urban centers, have been reluctant to buy cars because of their high purchase and maintenance costs. Moreover, government efforts to electrify sharing fleets are boosting the market revenue here.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Turo Inc. Leadership in P2P Carsharing Market

5.1 Turo Inc. - Leader in the P2P Carsharing Market

5.2 Strategy Adopted by Turo Inc.

Chapter 6. Definition of Market Segments

6.1 By Car Type

6.1.1 Economy

6.1.2 Executive

6.1.3 Luxury

Chapter 7. Industry Outlook

7.1 Market Dynamics

7.1.1 Trends Introduction of mobility as a service (MaaS) Mergers and acquisitions

7.1.2 Drivers Cost-effective and convenient mobility service Growing concerns over greenhouse gas emissions Vehicle electrification and growing adoption of carsharing services in developing countries Worsening urban road congestion Impact analysis of drivers on market forecast

7.1.3 Restraints Consumers' aspirations of vehicle ownership Threat of cyberattack and data breach Impact analysis of restraints on market forecast

7.2 Impact of COVID-19

7.3 Steps taken by Turo Inc. for Business Revival Post COVID-19

7.4 Porter's Five Forces Analysis

7.4.1 Bargaining Power of Buyers

7.4.2 Bargaining Power of Suppliers

7.4.3 Intensity of Rivalry

7.4.4 Threat of New Entrants

7.4.5 Threat of Substitutes

Chapter 8. Global Market Size and Forecast

Chapter 9. Company Profiles

Chapter 10. Appendix

10.1 Abbreviations

10.2 Sources and References

10.3 Related Reports

For more information about this report visit https://www.researchandmarkets.com/r/7b2yfu


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