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North American Carsharing Market size to reach $1 Bn by 2027
Published Date: 2022-01-03
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North American Carsharing Market size is predicted to cross USD 1 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is owing to the growing number of car sharing service providers in the region. Shifting consumer behavior toward new mobility solutions, supportive government regulations, and rising car sharing service awareness are some of the major market factors augmenting the industry growth in the region.
The market in North America witnessed a slow growth in 2020 due to the impact of the COVID-19. The pandemic negatively affected research & development activities in the automotive segment. The nation-wide lockdowns and lack of human resources followed by supply chain disruptions affected the car sharing service market. Post-COVID-19, technological proliferation and integration to enhance the service quality are anticipated to drive the industry growth.
Browse detailed statistical insights from the report, “North America Car Sharing Market Forecast 2027 By Model (P2P, Station-based, Free-floating), By Business Model (Round Trip, One Way), By Application (Business, Private), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Round trip car-sharing business model is anticipated to register a high CAGR over the forecast timeframe, according to the market research. This model provides owners with the convenience of picking customers and dropping them back at the same location. This type of car-sharing is most often adopted by consumers that need a vehicle for intra-city movement or shorter distances. This model is often priced at much lower costs as the company providing these services does not have to expend resources, such as fuel or personnel, while returning the vehicles or leaving a vehicle idle until it is used by another customer. The rising mobile applications and personal access cards allow convenience in choosing the ride, which is anticipated to contribute to the market growth.
The North American 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:
North America Market, By Model
North America Market, By Business Model
- Round Trip
North America Market, By Application
The above information has been provided for the following countries:
- North America