Global Revenue From Carsharing to Total $34.6B

Photo by Chris Brown
Photo by Chris Brown
Carsharing has become a major global industry, with programs now being offered on five continents, more than 30 countries, and hundreds of cities. According to a report from Navigant Research, it is expected to experience continued growth and expansion into new markets. In fact, the report forecasts global revenue from carsharing services to total $34.6 billion from 2015 to 2024.

“One of the most important shifts in the carsharing market over the past five years has been the advent of automotive company-led carsharing services,” says Lisa Jerram, principal research analyst with Navigant Research. “This has also helped spur an increase in one-way carsharing services. Automakers have been able to spur dramatic growth in these services with their ability to make the significant upfront investments needed to launch a carshare service in such a way that it has an immediate impact.”

The report, Carsharing Programs, analyzed the global carsharing market in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The study examined the key societal benefits of vehicle sharing and the state of ownership and service models. The report is available for free download here: https://www.navigantresearch.com/research/carsharing-programs

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

Job Finder: Access Top Talent. Fill Key Positions.