European Carsharing Market size is estimated to surpass USD 3 billion by 2027, according to a latest forecast report by Graphical Research.
The growing need to reduce carbon & nitrous oxide emissions from vehicles is encouraging automobile manufacturers to launch new sharing services. For instance, in June 2019, Volkswagen launched its free-floating sharing service, WeShare in Berlin. The vehicle fleet of WeShare consists of fully electric cars, covering an area of 150 km2.
The majority of the manufacturing plants were closed due to the coronavirus pandemic, resulting in the declining production of vehicles in Europe. There were significant reductions in car sharing services in Europe as consumers preferred personal mobility solutions over shared cab services owing to heightened safety & hygiene. The companies are expected to enter strategic partnerships to support their automotive operations. In addition, automotive OEMs are anticipated to leverage digital infrastructure to launch automotive subscription services to customers over digital platforms.
Browse detailed statistical insights from the report, “Europe Car Sharing Market Forecast 2027 By Application (Business, Private), By Model (P2P, Station-based, Free-floating), By Business Model (Round Trip, One Way), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The one-way car sharing segment is projected to witness high growth over the forecast period attributed to increased flexibility and high customer convenience achieved through the one-way business model across the car sharing industry. The one-way car-sharing allows users to pick up vehicles from one station and drop them off at another. Companies have multiple drop-off and pick-up locations displaced across a city. These are generally hired by customers that are unsure about the timing involved in returning from the location or by users that require a vehicle to travel from one city to another but not a return. This business model helps users to rent a car for their commute and later park it anywhere in the operational region of the company.
The European carsharing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Europe Market, By Model
Europe Market, By Business Model
Europe Market, By Application
The above information has been provided for the following countries: