Car Sharing Market by Vehicle Type, Application 2014-2024 Car Sharing Market Business Report 2014-2024 | Page 2

Car Sharing Market
The global car sharing market is expected to witness significant growth in the coming years due to high cost of
personal vehicle ownership, rising traffic congestion in cities, and increasing number of smartphones and other
mobile devices, that provide platform for accessing car sharing services. Apart from this, the stringent emission
norms in several countries coupled with government support for shared mobility are further expected to benefit
the car sharing market during the forecast period.
On the basis of business model, the car sharing market is segmented into one-way and round-trip. The one-way
category is expected to dominate the car sharing market in terms of size, during the forecast period, owing to
customer flexibility and its operational advantages over round-trip. Based on application, the market is r
segmented into business and private. Business application is expected to hold a larger share in the market during
the forecast period, owing to the rising on-demand mobility in corporate sector.
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