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P2P Carsharing Will be $7,225 Million Market by 2030: P&S Intelligence

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News provided by

P&S Intelligence

08 Nov, 2022, 14:15 GMT

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NEW YORK, Nov. 8, 2022 /PRNewswire/ -- According to the market research study published by P&S Intelligence, the size of the peer-to-peer carsharing market was a little over $1,598 million in 2021, and it will reach beyond $7,225 million in 2030, at a CAGR of about 18% in the years to come.

Executive Cars Are Demanded the Most

Executive cars had the largest share, of above 40%, in the past. This is mainly because of their lower rental cost as compared to the quality and comfort they offer to travelers.

Moreover, with the fast financial growth in numerous countries, such as China and India, the count of carsharing businesses is rising, and investors are funding more startups every year.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/p2p-carsharing-market/report-sample

Therefore, the manufacturing of these cars is being increased to offer better transport services to corporate employees, thus strengthening the global P2P carsharing service availability.

GHG Emissions Propelling Shift to Carsharing

The apprehensions of environmental agencies over the degradation of the air quality are allowing for numerous initiatives by governments for curbing the emissions, by plummeting the possession of private automobiles. Carsharing is a solution for limiting the impact of GHGs on the environment.

Browse detailed report on P2P Carsharing Market Size, Share and Growth Analysis 2022-2030

Moreover, countries are increasing their efforts to increase the consciousness of transportation systems that are sustainable. Several countries are developing low- and zero-emission transport systems, where the vehicles used for sharing are typically electric.

  • Europe led the P2P carsharing market in the past, with a share of 40%. Due to the thickly populated cities and rising pollution, the EU continues to highlight the necessity for green technologies, for facilitating a decrease in emissions.
  • Furthermore, the market stalwarts and governments in the region are focusing on integrating EVs into sharing fleets, along with driving private EV adoption.
  • APAC will have the fastest growth in the future, of around 23%. This would be because India and China have augmented their emphasis on new mobility services and EVs.
  • Furthermore, in China, there is an increase in the use of EVs in shared mobility platforms, for promoting a greener environment. With the continued government support in the form of incentives and policies, China will demonstrate healthy growth in the future.
  • North America will also grow fast in the future, primarily because of the stringent regulations for curbing environmental emissions.
  • The U.S. Clean Air Act, regulating the vehicle emission control program, emphasizes the implementation of strict standards for plummeting automobile emissions.
  • As per the National Conference of State Legislatures, the popularity of P2P carsharing has substantially grown recently, partially because of the flexibility it offers to consumers.

Global P2P Carsharing Market Report Coverage

By Car Type

  • Economy
  • Executive
  • Luxury

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Netherlands
  • Asia-Pacific
    • China
    • Australia
  • Latin America
  • Middle East and Africa

Browse More Reports Published by P&S

Global Carsharing Market Size, Share, Revenue Estimation and Demand Forecast to 2025

India Used Car Market Size, Share, Revenue Estimation and Demand Forecast to 2030

Global Car Rental Market Size, Share, Revenue Estimation and Demand Forecast Report

Global Mobility-as-a-Service Market Size, Share, Revenue Estimation and Demand Forecast to 2030

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg

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