Global P2P Carsharing Market by Service Types, Car Types, Propulsion Types, Applications, Commuting patterns, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global P2P carsharing market is expected to reach USD 12 billion by 2026, expanding at a CAGR of around 11 % during the forecast period, 2020–2026. The growth of the market is attributed to better connectivity and rising use of information technology among customers.

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P2P carsharing refers to person to person vehicle sharing through internet means, the activity can be done for free or by charging a fee. It has gained prominence due to car pooling and car sharing facilities at an economical cost and a source of income for the owner. The concept is part of sharing economy concept for collaborative consumption of devices and articles in their idle time for optimum use. The concept also has a positive ecological effect and lowers the carbon footprint in the nature.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing traffic congestion and crowded public transport facilities are driving the growth of the market.
Easy access, flexibility, and comfortable rides are the factors fueling the growth of the market.
Easy adoption of application and joining facilities with alternate financial backup option through rent of vehicles are encouraging the users. This, in turn is steering the growth of the market.
Limited scope in rural areas and lack of awareness among people is hampering the market growth.
Availability of business opportunity and cost effectiveness is expected to foster the growth of the market in forecasted period.

Competitive Landscape:

Major companies in global P2P carsharing market includes CAR2GO, Getaround, General Motors, Turo, GoMore ApS, Koolicar, and SocialCar. The market players are involved in developing applications and online services for better outreach and offering discounted offers to gain traction in marketplace. The companies are engaging in strategic acquisitions such as product launches, R&D, agreements, and collaborations to gain market share.

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The global P2P carsharing market has been segmented on the basis of

Service Types

Station-based
Free-floating

Car Types

Economy
Executive
Luxury

Propulsion Types

Electric
Gas-based

Applications

Business
Personal

Commuting Patterns

Daily/Weekly
Monthly
Occasionally

Regions

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
P2P carsharing market Overview
Global P2P carsharing market Analysis and Forecast by Type
Global P2P carsharing market Analysis and Forecast by Application
Global P2P carsharing market Analysis and Forecast by Sales Channel
Global P2P carsharing market Analysis and Forecast by Region
North America P2P carsharing market Analysis and Forecast
Latin America P2P carsharing market Analysis and Forecast
Europe P2P carsharing market Analysis and Forecast
Asia Pacific P2P carsharing market Analysis and Forecast
Middle East & Africa P2P carsharing market Analysis and Forecast
Competition Landscape

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