P2P CarSharing market is anticipated to grow at a CAGR of 17.6% during the forecast period (2023-2030). The market’s growth is attributed to the growing demand of urbanization and congestion. Congestion and the need for effective transportation solutions increase as metropolitan populations grow. The P2P vehicle-sharing reduces congestion by providing an alternative to traditional automobile ownership. For instance, in September 2020, Moscow launched P2P car-sharing and multimodal payments and facial recognition at metro turnstiles are all part of Moscow’s tech-driven transportation system. All users can be subjected to extensive profile checks, and automobile owners receive complete control over the vehicle renting process.
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Among the car type, the executive sub-segment is expected to hold a considerable share of the global P2P CarSharing market. The segmental growth is attributed to the demand for sharing economy and sustainability. By optimizing car usage, companies can focus on sustainability and lowering overall environmental impact. For instance, in January 2023, SJC and Turo have partnered to launched Peer-to-Peer Car Sharing. It offer peer-to-peer car sharing services at airports, allowing travelers to directly pick up luxury and economy vehicles and conveniently drop off at drop-off locations.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global P2P Carsharing Market by Car Type
- Economy
- Executive
- Luxury
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Car Next Door Australia Pty. Ltd.
- EasyCar Club
- HyreCar
- JustShareIt, Inc
- Karshare
- Kenyan startup Komboa
- Snap Inc.
- SnappCar
- SNCF Réseau
- SocialCar
- Toyota Financial Services Corp. (Kinto)
- Turo Inc.
- Zoomcar™ Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global P2P CarSharing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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