Automotive Subscription Services Market to Record a CAGR of 22.8%, North America to Contribute the Highest Market Growth - Technavio

NEW YORK, Sept. 8, 2022 -- The automotive subscription services market is fragmented, and the vendors are deploying growth strategies such as providing vehicles at minimum automotive subscription services to customers to compete in the market. The is highly competitive, with the presence of many well-established vendors. The vendors have a wide portfolio of cars for rent and leasing and also provide electric cars from European, Japanese, Korean, and US manufacturers. Moreover, prominent vendors are making use of optimized search engine options and navigation links to streamline their services.

The automotive subscription services market size is expected to grow by USD 4.95 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 22.8% during the forecast period.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest Free PDF Sample Report

Automotive Subscription Services Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive subscription services market report covers the following areas:

• Automotive Subscription Services Market Size
• Automotive Subscription Services Market Trends
• Automotive Subscription Services Market Industry Analysis

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Automotive Subscription Services Market 2022-2026: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Assurant Inc., Bayerische Motoren Werke AG, Cox Automotive Inc., Evogo Ltd, Exelon Corp, Flexdrive Services LLC, Freshcar, General Motors Co, Hertz Global Holdings Inc., Hyundai Motor Co., Mercedes Benz Group AG, Pinewoods technology services FZE, Prazo Inc, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Wagonex Ltd, and Zoomcar India Pvt. Ltd. are among some of the major market participants.

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Automotive Subscription Services Market 2022-2026: Segmentation

• Distribution Channel
• OEMs: The OEMs segment will account for the highest market share growth during the forecast period. As per this model, a monthly subscription fee is charged for access to vehicles. It covers maintenance, insurance, and roadside assistance. This will help OEMs accelerate the growth of the global automotive subscription services market during the forecast period.
• Dealership Or Third Party
• Geography
• North America: This region will account for 47% of the market's growth during the forecast period. The growth of this region is attributed to factors such as rise in automotive prices and regulations in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions. The US and Canada are the key countries for the automotive subscription services market in North America.
• Europe
• APAC
• South America
• Middle East And Africa

Automotive Subscription Services Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist automotive subscription services market growth during the next five years
• Estimation of the automotive subscription services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive subscription services market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive subscription services market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

• 5.1 Market segments
• Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 5.2 Comparison by Distribution Channel
• Exhibit 26: Chart on Comparison by Distribution Channel
• Exhibit 27: Data Table on Comparison by Distribution Channel

• 5.3 OEMs - Market size and forecast 2021-2026
• Exhibit 28: Chart on OEMs - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on OEMs - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on OEMs - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on OEMs - Year-over-year growth 2021-2026 (%)

• 5.4 Dealership or third party - Market size and forecast 2021-2026
• Exhibit 32: Chart on Dealership or third party - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Dealership or third party - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Dealership or third party - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Dealership or third party - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Distribution Channel
• Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 AB Volvo
• Exhibit 89: AB Volvo - Overview
• Exhibit 90: AB Volvo - Business segments
• Exhibit 91: AB Volvo - Key offerings
• Exhibit 92: AB Volvo - Segment focus

• 10.4 Bayerische Motoren Werke AG
• Exhibit 93: Bayerische Motoren Werke AG - Overview
• Exhibit 94: Bayerische Motoren Werke AG - Business segments
• Exhibit 95: Bayerische Motoren Werke AG - Key news
• Exhibit 96: Bayerische Motoren Werke AG - Key offerings
• Exhibit 97: Bayerische Motoren Werke AG - Segment focus

• 10.5 Cox Automotive Inc.
• Exhibit 98: Cox Automotive Inc. - Overview
• Exhibit 99: Cox Automotive Inc. - Product / Service
• Exhibit 100: Cox Automotive Inc. - Key offerings

• 10.6 Flexdrive Services LLC
• Exhibit 101: Flexdrive Services LLC - Overview
• Exhibit 102: Flexdrive Services LLC - Product / Service
• Exhibit 103: Flexdrive Services LLC - Key offerings

• 10.7 General Motors Co
• Exhibit 104: General Motors Co - Overview
• Exhibit 105: General Motors Co - Business segments
• Exhibit 106: General Motors Co - Key news
• Exhibit 107: General Motors Co - Key offerings
• Exhibit 108: General Motors Co - Segment focus

• 10.8 Hyundai Motor Co.
• Exhibit 109: Hyundai Motor Co. - Overview
• Exhibit 110: Hyundai Motor Co. - Business segments
• Exhibit 111: Hyundai Motor Co. - Key news
• Exhibit 112: Hyundai Motor Co. - Key offerings
• Exhibit 113: Hyundai Motor Co. - Segment focus

• 10.9 Mercedes Benz Group AG
• Exhibit 114: Mercedes Benz Group AG - Overview
• Exhibit 115: Mercedes Benz Group AG - Business segments
• Exhibit 116: Mercedes Benz Group AG - Key offerings
• Exhibit 117: Mercedes Benz Group AG - Segment focus

• 10.10 Tesla Inc.
• Exhibit 118: Tesla Inc. - Overview
• Exhibit 119: Tesla Inc. - Business segments
• Exhibit 120: Tesla Inc. - Key offerings
• Exhibit 121: Tesla Inc. - Segment focus

• 10.11 Toyota Motor Corp.
• Exhibit 122: Toyota Motor Corp. - Overview
• Exhibit 123: Toyota Motor Corp. - Business segments
• Exhibit 124: Toyota Motor Corp. - Key news
• Exhibit 125: Toyota Motor Corp. - Key offerings
• Exhibit 126: Toyota Motor Corp. - Segment focus

• 10.12 Volkswagen AG
• Exhibit 127: Volkswagen AG - Overview
• Exhibit 128: Volkswagen AG - Business segments
• Exhibit 129: Volkswagen AG - Key offerings
• Exhibit 130: Volkswagen AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 131: Inclusions checklist
• Exhibit 132: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 133: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 134: Research methodology
• Exhibit 135: Validation techniques employed for market sizing
• Exhibit 136: Information sources

• 11.5 List of abbreviations
• Exhibit 137: List of abbreviations

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