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