Status : Published | Published On : Apr, 2024 | Report Code : VRAT4018 | Industry : Automotive & Transportation | Available Format :
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The Global Car-Sharing Market is anticipated to grow from USD 1.92 billion in 2023 to USD 6.2 billion by 2030, thus growing at a CAGR of 20% during the forecast period 2025-2030. Car sharing refers to the practice of sharing a car for regular traveling or commuting. Its market is gaining importance among consumers owing to its flexibility of cars, easy accessibility, and comfortable rides. It is gaining importance in urban areas too due to the reduced transportation costs for a large proportion of the population. The number of passenger cars on the road is also decreasing because consumers in the car-sharing market do not buy cars.
The global car-sharing market is growing substantially owing to the rising acceptance of vehicles assisted with advanced technologies, increasing greenhouse emissions, rising adoption of novel mobility solutions, and strict government regulations regarding emissions. The car-sharing market provides a convenient and cost-effective way of personal mobility by using a transportation network system. Thus, car sharing reduces car ownership, travel costs, and traffic congestion.
The COVID-19 outbreak has changed consumer attitudes, purchasing habits, and demand towards car sharing, resulting in reduced demand for car sharing. COVID-19 has disrupted the car-sharing network market as various countries are facing cash flow problems and low liquidity. However, after the reopening of economic activities in various countries and the robust vaccination drive, the car-sharing market is anticipated to have steady growth.
Based on the model, the global car-sharing market is segmented into free-floating car sharing, P2P (peer-to-peer) car sharing, and station-based car sharing. Among all these models, the free-floating segment accounts for the largest share in the market, due to a high degree of flexibility, and the rising taxi fares. In addition, the P2P car-sharing segment is expected to grow at a significant rate owing to easy access to private car rentals. This model allows car owners to rent their cars that are not in regular use to desired renters who are searching for cars via online platforms owing to the rising number of people who are interested in renting their cars. Thus, the introduction of online P2P sharing platforms, such as Getaround and Turo, will accelerate growth during the forecast period.
Based on the business model the global car-sharing market is bifurcated into one-way, and round trips. Among both business models, the one-way segment dominates the market due to its operational advantage, flexibility, and customer convenience. Furthermore, the one-way segment reduces the hassle for the users to drop off the vehicle at the pick-up point. In addition, round car trip is anticipated to witness widespread adoption owing to their lower cost for long distances and the increasing awareness related to the environmental benefits of these services.
Based on vehicle class, the global car-sharing market is categorized into economy class, mid-range class, executive class, and luxury class. Among these segments, the availability of various models, including high-end and luxury cars with low rents, has influenced the demand for car-sharing services.
Based on fuel type, the global car-sharing market is divided into battery electric vehicles, hybrid electric vehicles, and internal combustion engine vehicles. Among these segments, the hybrid electric vehicle is anticipated to grow at a faster pace as they are fuel efficient, reduce the rising fuel price on consumers, and produce less emissions.
Based on application, the global car-sharing market is divided into private and business. Among both applications, the business application captures the largest share of the car-sharing market due to the rising adoption of rental cars by various businesses. Companies are providing safety, comfort, and convenience to their employees and thus providing pick-up and drop-off facilities to their employees.
Report Metric |
Details |
Historical Period |
2020 - 2024 |
Base Year Considered |
2025 |
Forecast Period |
2026 - 2035 |
Market Size in 2025 |
U.S.D. 1.92 Billion |
Revenue Forecast in 2035 |
U.S.D. 6.2 Billion |
Growth Rate |
20% |
Segments Covered in the Report |
By Business Model,By Vehicle Class,By Fuel Type,By Application |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America,Europe,Asia-Pacific (APAC),Rest of the World (RoW) |
The growing environmental concerns, strict government regulations regarding emissions, crowded public transport facilities along with traffic congestion in urban cities, decreases in personal vehicle ownership, reduction in traveling cost, monetary benefits for vehicle owners, and rising demand for cost-effective and convenient mobility services assisted with advanced technologies are the primary growth drivers for the car-sharing market.
Furthermore, the growing requirement for an efficient vehicle with no carbon emission, mounting alarm about environmental pollution, and strict regulations regarding vehicle emission are also driving the growth of the market. For instance, according to the World Health Organization (WHO), global exposure to ambient air pollution leads to 4.2 million deaths every year. In addition, 91% of the world’s population lives in a place where air quality exceeds the WHO guidelines limit.
Incentives offered by the government to use car sharing in the U.S., rising investments in car sharing by the automobile OEMs in Germany, the proliferation of car-sharing services due to rising traffic congestion in China, favorable regulation in Singapore and Malaysia, increase in digitalization globally, advancement in mobile applications for booking and selecting cars, and lack of proper public transportation infrastructure in developing countries are bolstering the growth for the global car-sharing market.
Lack of adequate transport infrastructure, unavailability of adequate technologies, limited internet penetration globally, and increasing competition among similar transport models including ride-hailing and on-demand taxi services are the challenges faced by the global car-sharing market. Moreover, poor road conditions in countries such as Turkey, and India, and growing traffic congestion is also hindering the growth of the car-sharing market.
The introduction of electric vehicles and the growing popularity of digital car keys are creating opportunities for market investment by industry players and new entrants.
The industry players in the global car-sharing market are leveraging market growth by launching new products to provide urban mobility solutions. Globally, the manufacturing companies that are trying to enter the car-sharing market have to follow stringent regulatory standards. Thus, providing an edge to the established players in the industry.
Geographically, Asia-Pacific is anticipated to witness significant growth in the car-sharing market owing to the congestion in public transport facilities, rising population base, shortage of parking space, and rise in pollution levels. In addition, rapid urbanization, reduced travel costs, less congestion, and an increase in the preference of the younger population for car-sharing services are also surging growth of the Asia-Pacific car-sharing market. Moreover, China is anticipated to grow at a substantial pace in the Asia-Pacific region due to expanding government support.
Germany accounts for the largest share of the European car-sharing market due to escalating fares of taxis and private cabs and the rising cost of buying a vehicle.
Key players in the car-sharing market are adopting various strategies such as collaborations and partnerships, focusing on the development of online platforms and mobile applications to market their services, and investing in technologically advanced products across the globe.
Hertz Global Holdings, Inc., (Hertz) is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental and Thrifty Car Rental.
Getaround is an online car sharing or peer-to-peer carsharing service that connects drivers who need to reserve cars with car owners who share their cars in exchange for payment.
Kirk Industries Inc.(a distinguished boutique investment firm) has partnered with Turo (the leading car-sharing platform) to disrupt the rental car industry.
Autolib, Hertz Corporation, Car2Go Ltd., Getaround, Inc, Mobility carsharing, Turo Inc., Daimer AG, Ekar Fz LLC, and Orix Corporation are the key players in the car-sharing market.
The Car Sharing Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Model
1.2.2. By Business Model
1.2.3. By Vehicle Class
1.2.4. By Fuel Type
1.2.5. By Application
1.2.6. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Model
5.1.1. Free-Floating Car Sharing
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. P2P (Peer-to-Peer) Car Sharing
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Station-Based Car Sharing
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.2. By Business Model
5.2.1. One Way
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Round Trips
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.3. By Vehicle Class
5.3.1. Economy Class
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Mid-Range Class
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Executive Class
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.4. Luxury Class
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.4. By Fuel Type
5.4.1. Battery Electric Vehicle
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
5.4.2. Hybrid Electric Vehicle
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
5.4.3. Internal Combustion Engine Vehicles
5.4.3.1. Market Definition
5.4.3.2. Market Estimation and Forecast to 2030
5.5. By Application
5.5.1. Private
5.5.1.1. Market Definition
5.5.1.2. Market Estimation and Forecast to 2030
5.5.2. Business
5.5.2.1. Market Definition
5.5.2.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Model
6.2. By Business Model
6.3. By Vehicle Class
6.4. By Fuel Type
6.5. By Application
6.6. By Country
6.6.1. U.S. Market Estimate and Forecast
6.6.2. Canada Market Estimate and Forecast
6.6.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Model
7.2. By Business Model
7.3. By Vehicle Class
7.4. By Fuel Type
7.5. By Application
7.6. By Country
7.6.1. Germany Market Estimate and Forecast
7.6.2. France Market Estimate and Forecast
7.6.3. U.K. Market Estimate and Forecast
7.6.4. Italy Market Estimate and Forecast
7.6.5. Spain Market Estimate and Forecast
7.6.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Model
8.2. By Business Model
8.3. By Vehicle Class
8.4. By Fuel Type
8.5. By Application
8.6. By Country
8.6.1. China Market Estimate and Forecast
8.6.2. Japan Market Estimate and Forecast
8.6.3. India Market Estimate and Forecast
8.6.4. South Korea Market Estimate and Forecast
8.6.5. Singapore Market Estimate and Forecast
8.6.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Model
9.2. By Business Model
9.3. By Vehicle Class
9.4. By Fuel Type
9.5. By Application
9.6. By Country
9.6.1. Brazil Market Estimate and Forecast
9.6.2. Saudi Arabia Market Estimate and Forecast
9.6.3. South Africa Market Estimate and Forecast
9.6.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Autolib
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. The Hertz Corporation
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Car2Go Ltd.
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Getaround, Inc.
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Mobility Carsharing
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Turo Inc.
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Daimer AG
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Ekar Fz LLC
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Orix Corporation
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Car Sharing Market, By Model, 2018-2023 (USD Billion)
Table 5 Global Car Sharing Market, By Model, 2025–2030 (USD Billion)
Table 6 Global Car Sharing Market, By Business Model , 2018-2023 (USD Billion)
Table 7 Global Car Sharing Market, By Business Model , 2025–2030 (USD Billion)
Table 8 Global Car Sharing Market, By Vehicle Class, 2018-2023 (USD Billion)
Table 9 Global Car Sharing Market, By Vehicle Class, 2025–2030 (USD Billion)
Table 10 Global Car Sharing Market, By Fuel Type, 2018-2023 (USD Billion)
Table 11 Global Car Sharing Market, By Fuel Type, 2025–2030 (USD Billion)
Table 12 Global Car Sharing Market, By Application, 2018-2023 (USD Billion)
Table 13 Global Car Sharing Market, By Application, 2025–2030 (USD Billion)
Table 14 Global Car Sharing Market, by Region, 2018-2023 (USD Billion)
Table 15 Global Car Sharing Market, by Region, 2025–2030 (USD Billion)
Table 16 North America Car Sharing Market, By Model, 2018-2023 (USD Billion)
Table 17 North America Car Sharing Market, By Model, 2025–2030 (USD Billion)
Table 18 North America Car Sharing Market, By Business Model , 2018-2023 (USD Billion)
Table 19 North America Car Sharing Market, By Business Model , 2025–2030 (USD Billion)
Table 20 North America Car Sharing Market, By Vehicle Class, 2018-2023 (USD Billion)
Table 21 North America Car Sharing Market, By Vehicle Class, 2025–2030 (USD Billion)
Table 22 North America Car Sharing Market, By Fuel Type, 2018-2023 (USD Billion)
Table 23 North America Car Sharing Market, By Fuel Type, 2025–2030 (USD Billion)
Table 24 North America Car Sharing Market, By Application, 2018-2023 (USD Billion)
Table 25 North America Car Sharing Market, By Application, 2025–2030 (USD Billion)
Table 26 North America Car Sharing Market, by Region, 2018-2023 (USD Billion)
Table 27 North America Car Sharing Market, by Region, 2025–2030 (USD Billion)
Table 28 Europe Car Sharing Market, By Model, 2018-2023 (USD Billion)
Table 29 Europe Car Sharing Market, By Model, 2025–2030 (USD Billion)
Table 30 Europe Car Sharing Market, By Business Model , 2018-2023 (USD Billion)
Table 31 Europe Car Sharing Market, By Business Model , 2025–2030 (USD Billion)
Table 32 Europe Car Sharing Market, By Vehicle Class, 2018-2023 (USD Billion)
Table 33 Europe Car Sharing Market, By Vehicle Class, 2025–2030 (USD Billion)
Table 34 Europe Car Sharing Market, By Fuel Type, 2018-2023 (USD Billion)
Table 35 Europe Car Sharing Market, By Fuel Type, 2025–2030 (USD Billion)
Table 36 Europe Car Sharing Market, By Application, 2018-2023 (USD Billion)
Table 37 Europe Car Sharing Market, By Application, 2025–2030 (USD Billion)
Table 38 Europe Car Sharing Market, by Region, 2018-2023 (USD Billion)
Table 39 Europe Car Sharing Market, by Region, 2025–2030 (USD Billion)
Table 40 Asia-Pacific Car Sharing Market, By Model, 2018-2023 (USD Billion)
Table 41 Asia-Pacific Car Sharing Market, By Model, 2025–2030 (USD Billion)
Table 42 Asia-Pacific Car Sharing Market, By Business Model , 2018-2023 (USD Billion)
Table 43 Asia-Pacific Car Sharing Market, By Business Model , 2025–2030 (USD Billion)
Table 44 Asia-Pacific Car Sharing Market, By Vehicle Class, 2018-2023 (USD Billion)
Table 45 Asia-Pacific Car Sharing Market, By Vehicle Class, 2025–2030 (USD Billion)
Table 46 Asia-Pacific Car Sharing Market, By Fuel Type, 2018-2023 (USD Billion)
Table 47 Asia-Pacific Car Sharing Market, By Fuel Type, 2025–2030 (USD Billion)
Table 48 Asia-Pacific Car Sharing Market, By Application, 2018-2023 (USD Billion)
Table 49 Asia-Pacific Car Sharing Market, By Application, 2025–2030 (USD Billion)
Table 50 Asia-Pacific Car Sharing Market, by Region, 2018-2023 (USD Billion)
Table 51 Asia-Pacific Car Sharing Market, by Region, 2025–2030 (USD Billion)
Table 52 RoW Car Sharing Market, By Model, 2018-2023 (USD Billion)
Table 53 RoW Car Sharing Market, By Model, 2025–2030 (USD Billion)
Table 54 RoW Car Sharing Market, By Business Model , 2018-2023 (USD Billion)
Table 55 RoW Car Sharing Market, By Business Model , 2025–2030 (USD Billion)
Table 56 RoW Car Sharing Market, By Vehicle Class, 2018-2023 (USD Billion)
Table 57 RoW Car Sharing Market, By Vehicle Class, 2025–2030 (USD Billion)
Table 58 RoW Car Sharing Market, By Fuel Type, 2018-2023 (USD Billion)
Table 59 RoW Car Sharing Market, By Fuel Type, 2025–2030 (USD Billion)
Table 60 RoW Car Sharing Market, By Application, 2018-2023 (USD Billion)
Table 61 RoW Car Sharing Market, By Application, 2025–2030 (USD Billion)
Table 62 RoW Car Sharing Market, by Region, 2018-2023 (USD Billion)
Table 63 RoW Car Sharing Market, by Region, 2025–2030 (USD Billion)
Table 64 Snapshot – Autolib
Table 65 Snapshot – The Hertz Corporation
Table 66 Snapshot – Car2Go Ltd.
Table 67 Snapshot – Getaround, Inc.
Table 68 Snapshot – Mobility Carsharing
Table 69 Snapshot – Turo Inc.
Table 70 Snapshot – Daimer AG
Table 71 Snapshot – Ekar Fz LLC.
Table 72 Snapshot – Orix Corporation
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Car Sharing Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Globalcar Highlight
Figure 12 Global Car Sharing Market, By Model, 2018 - 2030 (USD Billion)
Figure 13 Global Car Sharing Market, By Business Model , 2018 - 2030 (USD Billion)
Figure 14 Global Car Sharing Market, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 15 Global Car Sharing Market, By Fuel Type, 2018 - 2030 (USD Billion)
Figure 16 Global Car Sharing Market, By Application, 2018 - 2030 (USD Billion)
Figure 17 Global Car Sharing Market, by Region, 2018 - 2030 (USD Billion)
Figure 16 North America Car Sharing Market Highlight
Figure 17 North America Car Sharing Market, By Model, 2018 - 2030 (USD Billion)
Figure 18 North America Car Sharing Market, By Business Model , 2018 - 2030 (USD Billion)
Figure 19 North America Car Sharing Market, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 20 North America Car Sharing Market, By Fuel Type, 2018 - 2030 (USD Billion)
Figure 21 North America Car Sharing Market, By Application, 2018 - 2030 (USD Billion)
Figure 22 North America Car Sharing Market, by Region, 2018 - 2030 (USD Billion)
Figure 23 Europe Car Sharing Market Highlight
Figure 24 Europe Car Sharing Market, By Model, 2018 - 2030 (USD Billion)
Figure 25 Europe Car Sharing Market, By Business Model , 2018 - 2030 (USD Billion)
Figure 26 Europe Car Sharing Market, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 27 Europe Car Sharing Market, By Fuel Type, 2018 - 2030 (USD Billion)
Figure 28 Europe Car Sharing Market, By Application, 2018 - 2030 (USD Billion)
Figure 29 Europe Car Sharing Market, by Region, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific Car Sharing Market Highlight
Figure 31 Asia-Pacific Car Sharing Market, By Model, 2018 - 2030 (USD Billion)
Figure 32 Asia-Pacific Car Sharing Market, By Business Model , 2018 - 2030 (USD Billion)
Figure 33 Asia-Pacific Car Sharing Market, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific Car Sharing Market, By Fuel Type, 2018 - 2030 (USD Billion)
Figure 35 Asia-Pacific Car Sharing Market, By Application, 2018 - 2030 (USD Billion)
Figure 36 Asia-Pacific Car Sharing Market, by Region, 2018 - 2030 (USD Billion)
Figure 37 RoW Car Sharing Market Highlight
Figure 38 RoW Car Sharing Market, By Model, 2018 - 2030 (USD Billion)
Figure 39 RoW Car Sharing Market, By Business Model, 2018 - 2030 (USD Billion)
Figure 40 RoW Car Sharing Market, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 41 RoW Car Sharing Market, By Fuel Type, 2018 - 2030 (USD Billion)
Figure 42 RoW Car Sharing Market, By Application, 2018 - 2030 (USD Billion)
Figure 43 RoW Car Sharing Market, by Region, 2018 - 2030 (USD Billion)
Global Car Sharing Market Coverage
Model Insight and Forecast 2025-2030
Business Model Insight and Forecast 2025-2030
Vehicle Class Insight and Forecast 2025-2030
Fuel Type Insight and Forecast 2025-2030
Application Insight and Forecast 2025-2030
Geographical Segmentation
Car Sharing Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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