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Cost Benefit of Carsharing Services to Boost Market Size: TechNavio Research
The Global Carsharing Market is seeing major growth, with a CAGR of 35.64 percent from 2013-2018, as consumers turn to carsharing as a more sustainable, economical option.
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/
TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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TechNavio Media Relations