Global Shared Vehicles Market Size study, by Service (Car Rental, Bike Sharing, Car Sharing) and Regional Forecasts 2022-2028

BIZ4982896
200 Pages
May 2022
Automotive and Transportation

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Global Shared Vehicles Market is valued at approximately USD 127 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14% over the forecast period 2022-2028. Shared vehicles enable customers to save money, enjoy various benefits connected with cars, reduce greenhouse gas emissions, and minimise vehicle maintenance costs as well as the space required for parking infrastructure. Individuals on a tight budget who do not require a full-time vehicle have found shared vehicles to be a viable option. The aforementioned elements increase the market's use of shared vehicles. The market is expected to develop as people become more interested in shared vehicles because they are flexible, handy, and save money on trips. Furthermore, the use of shared vehicles is growing because they provide better, higher-quality, and personalised transport options to the targeted population base, which does not own a vehicle, resulting in market increase. The market's expansion can also be linked to the region's growing travel and tourism activities, as well as the increasing and simple availability of low-cost and high-end luxury shared vehicle services. To get the most market share, most of the major companies in the shared vehicle market are pursuing various strategies such as alliances, partnerships, mergers, development, and the launch of new technologies. For example, Hertz Global Holdings, Inc. and Tesla Inc. forged cooperation to sell 100,000 Model 3S automobiles, half of which are expected to be rented out to Uber drivers.

The key regions considered for the global Shared Vehicles market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounted for the majority of the worldwide market's revenue. From 2022 to 2028, it is expected to grow with the highest growth rate. In Asia Pacific, China has the most active shared vehicle systems, accounting for over half of the total, making it the most dominant area. Whereas, from 2022 to 2028, Europe is predicted to have the second-highest growth rate. The expanding tourism, associated with education and business, is credited with the market's rise in this region. The region's expansion is also due to the government's increasing investment and spending on transportation services, which attracts a large number of professionals, investors, and executives. As a result, Europe is expected to grow at a constant rate over the projection period.

Major market players included in this report are:

Daimler AG

SIXT SE

Avis Budget Group Inc.

Lyft, Inc.

Hertz Global Holdings, Inc.

Europcar Mobility Group SA

Avis Budget Group Inc.

GreenGo

Uber

EVCARD

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service:

Car Rental

Car Sharing

Bike Sharing

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Shared Vehicles Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Shared Vehicles Market, by Region, 2020-2028 (USD Billion)

1.2.2. Shared Vehicles Market, by Service, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Shared Vehicles Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Shared Vehicles Market Dynamics

3.1. Shared Vehicles Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Increase in the cost of vehicle ownership globally

3.1.1.2. Growing internet penetration

3.1.2. Market Challenges

3.1.2.1. Lack of awareness regarding shared transportation modes

3.1.3. Market Opportunities

3.1.3.1. Increased investment in shared mobility applications

Chapter 4. Global Shared Vehicles Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Shared Vehicles Market, by Service

6.1. Market Snapshot

6.2. Global Shared Vehicles Market by Service, Performance - Potential Analysis

6.3. Global Shared Vehicles Market Estimates & Forecasts by Service, 2018-2028 (USD Billion)

6.4. Shared Vehicles Market, Sub Segment Analysis

6.4.1. Car Rental

6.4.2. Bike Sharing

6.4.3. Car Sharing

Chapter 7. Global Shared Vehicles Market, Regional Analysis

7.1. Shared Vehicles Market, Regional Market Snapshot

7.2. North America Shared Vehicles Market

7.2.1. U.S. Shared Vehicles Market

7.2.1.1. Service breakdown estimates & forecasts, 2018-2028

7.2.2. Canada Shared Vehicles Market

7.3. Europe Shared Vehicles Market Snapshot

7.3.1. U.K. Shared Vehicles Market

7.3.2. Germany Shared Vehicles Market

7.3.3. France Shared Vehicles Market

7.3.4. Spain Shared Vehicles Market

7.3.5. Italy Shared Vehicles Market

7.3.6. Rest of Europe Shared Vehicles Market

7.4. Asia-Pacific Shared Vehicles Market Snapshot

7.4.1. China Shared Vehicles Market

7.4.2. India Shared Vehicles Market

7.4.3. Japan Shared Vehicles Market

7.4.4. Australia Shared Vehicles Market

7.4.5. South Korea Shared Vehicles Market

7.4.6. Rest of Asia Pacific Shared Vehicles Market

7.5. Latin America Shared Vehicles Market Snapshot

7.5.1. Brazil Shared Vehicles Market

7.5.2. Mexico Shared Vehicles Market

7.6. Rest of The World Shared Vehicles Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. Daimler AG

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Product Summary

8.2.1.5. Recent Developments

8.2.2. SIXT SE

8.2.3. Avis Budget Group Inc.

8.2.4. Lyft, Inc.

8.2.5. Hertz Global Holdings, Inc.

8.2.6. Europcar Mobility Group SA

8.2.7. Avis Budget Group Inc.

8.2.8. GreenGo

8.2.9. Uber

8.2.10. EVCARD

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

List of Tables

TABLE 1. Global Shared Vehicles Market, report scope

TABLE 2. Global Shared Vehicles Market estimates & forecasts by Region 2018-2028 (USD Billion)

TABLE 3. Global Shared Vehicles Market estimates & forecasts by Service 2018-2028 (USD Billion)

TABLE 4. Global Shared Vehicles Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 5. Global Shared Vehicles Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 6. Global Shared Vehicles Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 7. Global Shared Vehicles Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 8. Global Shared Vehicles Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 9. Global Shared Vehicles Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 10. Global Shared Vehicles Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 11. Global Shared Vehicles Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 12. Global Shared Vehicles Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 13. Global Shared Vehicles Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 14. U.S. Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 15. U.S. Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 16. U.S. Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 17. Canada Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 18. Canada Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 19. Canada Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 20. UK Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 21. UK Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 22. UK Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 23. Germany Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 24. Germany Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 25. Germany Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 26. RoE Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 27. RoE Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 28. RoE Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 29. China Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 30. China Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 31. China Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 32. India Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 33. India Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 34. India Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 35. Japan Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 36. Japan Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 37. Japan Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 38. RoAPAC Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 39. RoAPAC Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 40. RoAPAC Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 41. Brazil Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 42. Brazil Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 43. Brazil Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 44. Mexico Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 45. Mexico Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 46. Mexico Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 47. RoLA Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 48. RoLA Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 49. RoLA Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 50. Row Shared Vehicles Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 51. Row Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 52. Row Shared Vehicles Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 53. List of secondary sources, used in the study of global Shared Vehicles Market

TABLE 54. List of primary sources, used in the study of global Shared Vehicles Market

TABLE 55. Years considered for the study

TABLE 56. Exchange rates considered

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