Automotive and Transportation Carsharing Market Research Report, 2014–2025 | Page 2

Carsharing Market
Carsharing market is projected to reach $10,846.9 million by 2025, advancing at a CAGR of 11.0% during the
forecast period, according to P&S Intelligence.
Favorable government regulations for carsharing services, growing concerns over environmental emissions,
increasing demand for more convenient and cost-effective mobility solutions, and advancements in technology
are the key factors driving the growth of the market.
Besides, the high upfront and maintenance costs associated with personal cars are encouraging people to switch
to shared mobility services. Since owning a car demands a high investment in terms of vehicle cost, fuel cost,
parking and maintenance charges, and insurance cost, people are increasingly adopting carsharing services that
provide them the flexibility to rent a car, without having the need to own one. The users can make the payment
on the basis of the time and distance travelled by them. Besides, additional expenses, such as costs related to
fuel, maintenance, insurance, and parking, are borne by the service providers in the carsharing market.
P&S Intelligence