car sharing market growth


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  • Why is the demand for shared vehicles increasing in Asia Pacific?

    Thus, due to the above-mentioned factors, the demand for shared vehicles in Asia Pacific is high and it contributes more to revenue generation. Europe is expected to register the 2 nd highest CAGR of 14.5% from 2022 to 2028. The growth of the market in this region is credited to the increasing tourism, related to education and business.

  • What is the global car sharing market size?

    According to the report, the global car sharing market size was valued at $2,857.85 million in 2022, and is projected to reach $17,754.95 million by 2032, registering a CAGR of 20.16% from 2023 to 2032.

  • How has the shared vehicles market changed in 2021?

    Break and hold on supply chains along with delay in the process of decision making by the corporate sector, local partners, and authorities regarding new agreements also furthermore harshly affected the shared vehicles market. The car rental segment dominated the market and contributed a revenue share of more than 90.0% in 2021.

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