Car-Sharing Services Will Surpass 12 Million Members Worldwide by 2020

Worldwide membership in car-sharing programs will grow from 2.3 million in 2013 to more than 12 million by 2020, according to a “Carsharing Programs” report by Navigant Research, a market research company. As an alternative or supplement to personal vehicle ownership, car-sharing provides drivers with convenient and affordable access to a range of vehicles on an hourly or daily basis.

“Car-sharing offers members the ability to enjoy mobility without the expense and hassle of owning a car ... ,” says Lisa Jerram, senior research analyst at Navigant Research. “In addition, car-sharing is viewed by both public and private entities as a powerful tool to reduce urban congestion and lower emissions of greenhouse gases.”

But according to the report, the growth of the car-sharing market will continue to be limited by consumer attitudes about cars as symbols of status, success, privacy and freedom. And this market is constrained by the ability of car-sharing companies to achieve sufficient revenue per vehicle in order to create a sustainable, profitable business.

According to Navigant Research, the report examines the evolution of car-sharing services in regions around the world. It looks at the key drivers and barriers to continued expansion, the societal benefits of car-sharing and provides short profiles of the top companies involved in the car-sharing industry.

For more information on the “CarSharing Programs” report, visit www.navigantresearch.com.

 

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

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>