Car Sharing Market- Fast-Moving Trends to Watch | Major Key Companies: Autolib, Car2go, Getaround, Hertz Corporation, Lyft, Uber, Zipcar

car sharing market share will experience a steep ascent over the years to come. Companies are rapidly investing in R&D activities and have been expanding their reach across myriad geographies with their innovative plans for shared mobility. Recently for instance, Zoomcar and Mahindra Electric signed a deal that aims to increase the frequency of electric car sharing.

Taking into account the increasing importance of ride-hailing across the globe, many players in car sharing market have also been planning to expand their geographical presence. One of the growth strategies they are likely to follow in this case is to offer reasonable and cheaper rates to consumers as compared to their rivals.

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Taking into account the increasing importance of ride-hailing across the globe, many players in car sharing market have also been planning to expand their geographical presence. One of the growth strategies they are likely to follow in this case is to offer reasonable and cheaper rates to consumers as compared to their rivals. For instance, the U.S. based car rental application operator, Turo is looking forward to expanding its reach across Asia by penetrating the Japan car sharing market by 2020.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Autolib
2. Car2Go
3. Cambio CarSharing
4. Cityhop
5. Communauto Inc
6. DriveNow GmbH & Co. KG
7. Getaround
8. CarShare Australia
9. Carrotshare
10. Ekar Fz LLC
11. Hertz Corporation
12. Hour Car
13. Locomute (Pty) Ltd
14. Lyft
15. Mobility carsharing

With new investors foraying in car sharing market lately, it is rather overt that the competitive scenario of this business space is doomed to be highly fierce in the ensuing years. Numerous service providers - the established ones as well as the new entrants, have been looking forward to implementing innovative technology features to their existing portfolio for attracting more consumers.

The penetration of advanced technologies across the automotive sector has been a major driving force behind the development of car sharing market. As scientists unleash further progression in IoT and AI, the benefits of reduced pollution, less traffic congestion, reduced parking space, shorter journeys, and lowered fuel prices are likely to become more apparent.

This vertical practically has its roots spread across myriad geographies, though China is touted to emerge as a prime revenue contributor over the course of the next few years. The country is home to major car sharing market participants such as Park24 and Orix Auto. The nation is also witnessing a rise in the number of start-ups that will require abundant car sharing services. Regional magnates such as Didi Chuxing have also lately been involving themselves to enhance the efficiency of the country's ride-sharing services.

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