Revenue Forecast

The revenue estimate for the base year 2023 is $4.66 billion, with a CAGR of 11.2% for the study period 2023–2030.

The Impact of the Top 3 Strategic Imperatives on the Traditional Carsharing Industry

Transformative Megatrends

Why

• Global forces are defining the future world with their far-reaching impact on businesses, societies, economies, cultures, and personal lives.

Frost Perspective

• Shared electric modes of transport will see increased uptake working in conjunction with traditional transport systems.

Disruptive Technologies

Why

• New, disruptive technologies are displacing the old technologies and significantly altering the way consumers, industries, and businesses operate.

Frost Perspective

• Carsharing is a mature market that has existed for about 20 years.
• Operators must stop focusing solely on expansion and scaling and also concentrate on becoming profitable.

Competitive Intensity

Why

• A new wave of competition from start-ups and digital business models is challenging past conventions, compelling established industries to rethink their competitive stance.

Frost Perspective

• The carsharing market is one of the most fragmented (especially in Europe), as the carsharing markets in other countries/regions are consolidated.
• With operators competing to become profitable, the carsharing market will see more companies exiting the market or consolidating, especially in Europe.

Scope of Analysis

• Traditional carsharing is the short-term rental of a car that users can drop off at fixed points or free-floating parking spots. In traditional carsharing, carsharing operators own the vehicles.
• Zone-based carsharing operators offer station-based carsharing services.
• This study covers the global traditional carsharing market and the growth opportunities it offers. The study covers Europe (33 countries, including the United Kingdom and Russia), North America (the United States and Canada), Asia-Pacific (APAC) (includes South Korea, Malaysia, Singapore, Japan, India, Australia, and New Zealand), Latin America (LATAM) (includes Brazil, Argentina, Chile, Colombia, and Mexico), and the Middle East (Dubai).
• The study offers insights on the registered carsharing members, fleet size, revenue (refers to gross market revenue from the utilization of the vehicles), business model analyses, and other key performance indicators (KPIs) (e.g., number of vehicle trips and average fare per trip).
• The categories below are part of traditional carsharing markets:
  • Free-floating carsharing companies
  • Station-based carsharing companies
  • Companies that offer both free-floating and station-based carsharing
  • Airport and residential services that the above operators offer.

Scope

• The categories below fall outside the scope of the analysis:
  • Car rental services
  • Peer-to-peer (P2P) carsharing services
  • Corporate carsharing services

Segmentation

Traditional Carsharing

Free-floating Carsharing

The 1-way carsharing method has free-floating parking spots throughout the area of operation. Users can pick up the vehicle at any flexible station and drop it off at any available parking spot.

Examples: Free2Move, Zity Carshare, Miles Mobility, Wible, and Citybee

Station-based Carsharing

Station-based carsharing has a fixed garage or parking spot. Users must return the vehicle to the same station they got it from at the end of the reservation period.

Examples: Zipcar, Enterprise Carshare, Zoomcar, and Times Car Plus

Competitive Environment

Key Competitors

• North America
  • GIG CARSHARE
  • EVOCARSHARE
  • ZIPCAR
  • FREE2MOVE
  • BLINK MOBILITY
  • COMMUNAUTO
• Europe
  • FREE2MOVE
  • ZITY
  • DELIMOBIL
  • DRIVE(YANDEX)
  • ZIPCAR
  • GUPPY
  • BATT MOBILITY
  • CAR 4 WAY
  • ELMO
  • MILES MOBILITY
  • CITYBEE
  • 24 RENT
  • BOOK-N-DRIVE
  • SIXT SHARE
  • MOL LIMO
  • GREENGO
  • GREEN MOBILITY
  • AMIGO
  • DRIVAILA
  • MOOV
  • TIKTAK
• Asia-Pacific
  • TIMES CAR PLUS
  • ZOOMCAR
  • SOCAR
  • ORIX
  • CARECO (MITSU FUDOSAN)
  • TRIBECAR
  • BLUESG
  • GREENCAR
  • MILES
  • GETGO
  • GOGET
  • CITYHOP
  • KINTO
  • OUTBOUND
  • OHMIE GO
• Latin America
  • AWTO
  • TURBI
  • MYKEEGO
• Middle East
  • EKAR
  • UDRIVE