Fast lane: Wider acceptance of car sharing services will foster strong industry revenue growth

With growing concern for CO2 emissions and an overall shift toward environmentally friendly practices, demand for car sharing has ballooned over the past five years, causing industry revenue to grow by double digits. Over the next five years, revenue will continue to expand, albeit at a slower pace, as services become more widely accepted by the market and expansion slows...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
21.3%
Forecast Growth 17-22
x.x%lock
Profit
x.x%lock
Employment
3,672
Businesses
168
Market Share of Companies

Industry Threats & Opportunities

  • Growing concern for CO2 emissions and an overall shift toward environmentally friendly practices drove demand for car sharing
  • A key trend for operators is the growth in demand for environmentally friendly practices
  • Car sharing programs at universities have helped reduce congestion and lack of parking

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    Industry Report - Industry Key Buyers Chapter

    This industry is characterized by a medium to high level of market share concentration with the three largest industry players controlling an estimated 66.8% of the industry. Car sharing services are generally established to serve only one metropolitan area, creating a number of smaller, local establishments. Since building the correct business model can differ widely between cities, large industry companies have generally expanded by acquiring established and successful local entities. For example, Zipcar, originally confined to Boston, then expanded to Washington, DC and New York City and then merged with Flexcar, a company founded in Seattle, which initially operating on the West Coast. Lik...purchase to read more.

    Additional Insights for the Car Sharing Providers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Car Sharing Providers Industry are

  • Placement of fleet
  • Maximum utilization of fleet
  • Access to the best technology

    • IBISWorld analysts also discuss how external factors such as New car sales and Number of mobile internet connections in the Car Sharing Providers industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Car Sharing Providers Industry?

    This industry is composed of establishments that offer membership-based car rental services, typically for both shorter periods and distances compared with traditional car renters. Although the pricing structure may vary, operators often charge by the mile and by the minute or hour in addition to a flat fee.

    Industry Products
  • Compact cars
  • Sedans
  • Sports utility vehicles
  • Vans
    • Industry Activities
  • Per minute car rental
  • Per hour passenger car rental
  • Daily passenger car rental
  • Provide insurance services for rentals
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • New car sales
  • Number of mobile internet connections
  • Per capita disposable income
  • Number of adults aged 20 to 64
  • World price of crude oil

    • Current Performance
  • Key market trends
  • Operational trends
  • Chart: Revenue Growth

    • Industry Outlook
  • Universities as a growing market
  • Emerging trends
  • Table: Car Sharing Providers Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Car Sharing Providers Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Colleges & Universities
  • Consumers

    • Key Selling Industries
  • Car & Automobile Manufacturing
  • Gas Stations
  • Parking Lots & Garages
  • Toll Roads & Weigh Stations

    • Products & Services
  • Sedans
  • Compact cars
  • Sports utility vehicles
  • Vans
  • Chart: Car Sharing Providers Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • 25 to 34 years old
  • 35 to 44 years old
  • 18 to 24 years old
  • 45 years and older
  • Chart: Major Market Segmentation for the Car Sharing Providers Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Depreciation
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Car Sharing Providers

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Car Sharing Providers Industry

    • Industry Globalization

    Major Companies

    Avis Budget Group Inc., Daimler AG,
  • Table: Avis Budget Group Inc. - financial performance
  • Table: Daimler AG - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Car Sharing Providers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Car Sharing Providers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of mobile internet connection (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Millenial
  • The generation with birth years from the early 1980s to the early 2000s.
    • Ride Sharing Services
  • Services that match a consumer with a car and driver, such as Uber or Lyft, for a one time trip.
    • Sharing Economy
  • An economic model based on sharing, swapping, trading or renting products and services, as opposed to outright ownership.
    • What Our Customers Say
    Why buy this report?

    The Car Sharing Providers industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Car Sharing Providers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Car Sharing Providers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Car Sharing Providers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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