Carsharing is a membership-based, self-service system that contains a network of stations and vehicles, and provides an alternative to traditional car ownership for individuals and companies.
In this system, vehicles are owned by a separate firm, organization or individuals and are shared by users for short periods of time. Carsharing is developing into a globalized industry, providing many transportation, environmental, and social benefits.
“The demand for carsharing has increased significantly because of the cost advantages it offers users. It enables consumers to use vehicles without being burdened by ownership costs,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
· Cost Benefits
· Emerging Markets in Asia
· Customer Convenience
· Means of Revenue Generation
Key Market Trends
· Corporate Carsharing
· Enhanced Interconnectedness
· Advances in Technology
· Diversity of Carsharing Systems
· Growth of Megacities
Key Market Vendors
· Communauto Inc.
· Enterprise CarShare
· Liftshare.com Ltd.
· Zipcar Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Carsharing Market 2014-2018 (http://www.technavio.com/
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TechNavio Media Relations
TechNavio Media Relations