How Car Sharing Will Change the North American Automotive Industry : Graphical Research

The North America Car Sharing Market size was valued at USD 626mn in 2017 and is anticipated to witness a CAGR of 35.1% during the forecast period 2019-2024

India - October 21, 2019 /MarketersMedia/ —

According to the Graphical Research new growth forecast report titled “North America Car Sharing Market Size By Model, By Business Model, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 4.8 billion by 2024. Stringent government regulations regarding the emission control are expected to accelerate the car sharing market growth in North America. The U.S. motor vehicle emission control program has stipulated more stringent standards for vehicle emission control to reduce pollution. Furthermore, these services reduce the vehicle ownership to a considerable extent, contributing to the reduced emission exhaust from vehicles.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1005/sample

The adoption of advanced technology in the vehicles by the industry players will accelerate the car sharing market growth over the forecast timespan. For instance, Zipcar uses Zipcard technology to access vehicles and unlock the doors. Enterprise CarShare developed a mobile application as a reservation system that allows the user to choose from a selection of cars and the duration of usage for the customers. Such advancements allow maximum consumer convenience, thus attracting a large number of customers to these services.

Free-floating car sharing market in North America is expected to gain momentum over the forecast timespan due to the ease of access to these services. Furthermore, these services are cost-effective and provide a high degree of flexibility. Furthermore, these services are available in small and mid-sized cities in North America. Station-based car sharing market will grow in the region over the forecast period owing to the increasing integration of these services with the public transit systems.

The key players in the Europe car sharing market include Getaround, Zipcar, car2go, Turo, Enterprise CarShare, Maven, and Hertz. The industry is characterized by intense competition among a large number of players. The players are increasingly investing in product developments to offer customers differentiated offerings. For instance, in the U.S., Zipcar offers over 50 makes and models of vehicles.

Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1005/north-america-car-sharing-market

Segments We Cover:

North America Car Sharing Market by Business Model
Round trip
One way

North America Car Sharing Market by Model
P2P
Station-based
Free-floating

North America Car Sharing Market by Application

Business
Private

Related Reports:

North America Data Center Cooling Market : https://www.marketwatch.com/press-release/snapshot-of-the-5-bn-north-america-data-center-cooling-market-2024-2019-10-04

North America Robot Sensor Market : https://www.marketwatch.com/press-release/north-america-robot-sensor-market-2019-2024-analyzed-by-business-growth-development-factors-applications-and-future-prospects-2019-10-15

North America Enterprise Networking Market : https://www.marketwatch.com/press-release/north-america-enterprise-networking-market-to-trace-exponential-gain-of-30bn-over-2019-2024-2019-10-15

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
Email: Send Email
Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1005/north-america-car-sharing-market

Source URL: https://marketersmedia.com/how-car-sharing-will-change-the-north-american-automotive-industry-graphical-research/88929382

Source: MarketersMedia

Release ID: 88929382

Latest News

On streets of Tehran, relief for now at no wider conflict

Jul 2, 2020

TEHRAN, Iran — Iranian newspapers proclaimed the country's attack on U.S. forces in Iraq to be "a dark night for Americans," and Washington's "first admission of failure in history." On the bustling streets of Tehran, however, there was relief Thursday that neither side appeared primed for war. “War is not something like the ‘Call of Duty’ game," said Dara Shojaei, a 23-year-old architecture student. “It's not a game you can play to win. There's no winner.” But with the relief came some mixed feelings about how far Iran should go to avenge the killing of Revolutionary Guard Gen. Qassem Soleiman,...

Stocks rise as China confirms trade deal signing next week

Jul 2, 2020

NEW YORK — U.S stocks climbed in morning trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” accord is the opening step on a possible path toward a broader agreement between the nations. President Donald Trump has said he will travel to Beijing after the initial signing to start the second stage of talks. Every major index is on track for a record as Wall Street distances itself from a bout of anxiety over the last week because of tensions...

Innovative fashion designers lead the way on sustainability

Jul 2, 2020

LONDON — Innovative fashion designers are turning to such things as horseradish and nettles to make sustainable clothing and accessories to the delight of a growing number of buyers. While more consumers are paying closer attention to how the production of goods impacts the environment, old habits die hard. A buy-and-toss mentality persists despite a boost from celebrities helping to drive the upcycle and vintage movements. Actress Maggie Q, who created an activewear line from recycled fabrics, is among activists who see plenty of room for improvement. She says she feels "sick about fast fashion.'' "You hear people say, 'Well,...

Space Force will start small but let Trump claim a big win

Jul 2, 2020

WASHINGTON — The Trump administration is celebrating the launch of Space Force, the first new military service in more than 70 years. In signing the 2020 National Defense Authorization Act that includes Space Force, Trump on Friday can claim a victory for one of his top national security priorities just two days after being impeached by the House. It is part of a $1.4 trillion government spending package — including the Pentagon's budget — that provides a steady stream of financing for Trump's U.S.-Mexico border fence and reverses unpopular and unworkable automatic spending cuts to defense and domestic programs. Space...

House passes $1.4T government spending bill amid impeachment

Jul 2, 2020

WASHINGTON — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to tow an unusually large haul of unrelated provisions into law, including an expensive repeal of Obama-era taxes on high-cost health plans, help for retired coal miners, and an increase from 18 to 21 in the nationwide legal age to buy tobacco products. The two-bill package,...

Search

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com