Press release
Car Sharing Market : The Pandemic is Reshaping The Car Sharing Industry | Turo Inc, Regina Car Share Co-operative, Zipcar Inc, Lyft Inc, Orix Corp, CarShare Australia, Car2Go, Communauto, DriveNow, Hertz Corp
COVID-19 Scenario Analysis on Car Sharing Industry:• The customer attitude, purchasing habits, and demand toward car sharing software has changed, owing to coronavirus, which in turn decline the demand for car sharing.
• Demand for car sharing has drastically fallen off owing to Corona virus pandemic due to which major operations are shutting down across the affected countries.
• The pandemic is reshaping the car sharing industry as the demand by consumer is currently centered on the essential goods due to which the car sharing network has been disrupted worldwide.
• Major issues such as cash flow problems and low liquidity is witnessed in the affected countries, owing to COVID-19 which further causes a disruption in the car sharing operations network.
• Automotive manufacturing plants and the production has been shut down due to the government declared lockdown, which in turn witness vulnerability in the demand and supply network of car sharing industry.
Download Report Sample (338 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/7490
Car sharing services are gaining popularity in urban areas owing to reduced transportation costs for a large segment of population in urban areas. The number of passenger cars on the road is also reduced as the consumers of car sharing market do not purchase cars. Furthermore, peer-to-peer (P2P) car sharing software allows car owners to share their personal vehicles with other drivers around residential areas. P2P car-sharing provides opportunity for vehicle owners to earn money by engaging their vehicle for car-sharing activity. Car sharing industry is gaining popularity among consumers due to flexibility of cars, easy nearby access, and comfortable rides. Major privately owned vehicles remain idle almost 80% of the time, which in turn degrades the engine performance; thereby, car sharing helps in better utilization of the vehicle. Therefore, better utilization of the vehicle is expected to drive the market growth for global car sharing market in the near future.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Monetary benefits for vehicle owners, increase in adoption of car sharing services by businesses, and rise in demand for safe & secure travel solution are driving the growth of the market. However, limited internet penetration across the world is expected to hamper the growth of the market. On the contrary, introduction of electric vehicles is expected to create an opportunity for the market investments.
Get detailed COVID-19 impact analysis on the Car Sharing Market at https://www.alliedmarketresearch.com/request-for-customization/7490?reqfor=covid
The global car sharing market trends are as follows:
Increase in adoption of car sharing services by businesses
Corporate businesses are using car sharing services to provide pick-up & drop off facilities to employees. Initiatives taken by business organizations to provide convenience, comfort and safety to their employees is on the rise. Furthermore, car sharing services help companies to reduce carbon emissions from vehicles used by individual employees and also helps in reducing overcrowding in parking spaces. Therefore, adoption of car sharing services by businesses due to increase in environmental pollution is expected to boost the growth of the car sharing market.
Increase in demand for safe and secure travel solution
Rise in expectation for safe and secure travel solutions due to introduction of easy car sharing services for private or commercial usage is observed. Online platforms help the consumers to select the vehicle type, track the vehicle and pay through hassle-free payment options after the ride. Car sharing companies are also providing vehicles for other applications such as cargo movement. For instance, Enjoy, a car-sharing service, in Italy, provides its customers with minivans to assist them in moving small cargo items across the city. Therefore, increase in demand for safe and secure travel solution is expected to boost the growth of the car sharing market.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/7490
Key benefits of the report:
• This study presents the analytical depiction of the car sharing industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the car sharing market.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the car sharing market growth scenario.
• We can also determine car sharing will remain a significant revenue shareholder in the global car sharing market through the predictable future.
Questions answered in the global car sharing market research report:
• Which are the leading market players active in the car sharing market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
Browse Complete Report & TOC at https://www.alliedmarketresearch.com/car-sharing-market-A07125
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Car Sharing Market : The Pandemic is Reshaping The Car Sharing Industry | Turo Inc, Regina Car Share Co-operative, Zipcar Inc, Lyft Inc, Orix Corp, CarShare Australia, Car2Go, Communauto, DriveNow, Hertz Corp here
News-ID: 2148209 • Views: …
More Releases from Car Sharing Market

Car Sharing Market 2018-2024 By key vendors: DriveNow, Getaround, GoGet, Hertz C …
Round trip car sharing market is projected to undergo wide adoption due to the lower costs for long-distance trips as the fares are based on distance traveled. The model allows a user to pick and return a shared vehicle at the same station that is supported by mobile applications or a personal access card. Growing awareness related to environmental benefits of these services, such as reduction in carbon emissions, will…
More Releases for Allied
Allied Market Research
The global intraoral scanners market is experiencing rapid growth, with its valuation reaching $969.4 million in 2023 and projected to soar to $2,816.4 million by 2035, growing at an impressive CAGR of 9.3%. This surge is driven by technological advancements, increasing oral health awareness, and the growing adoption of intraoral scanners in orthodontics, prosthodontics, and restorative dentistry. With over 3.5 billion people affected by oral diseases worldwide, the demand for…
Allied Market Research
The global nonwoven fabrics market is experiencing robust growth, driven by increasing demand across various industries, including healthcare, textiles, and automotive. According to a recent report by Allied Market Research, titled "Nonwoven Fabrics Market by Polymer Type, Function, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030", the market generated $38.3 billion in 2020 and is projected to reach $68.1 billion by 2030, growing at a CAGR of 6.0%…
Allied Market Research
According to the report published by Allied Market Research, the global automotive artificial intelligence (AI) market garnered $445.8 million in 2017 and is expected to reach $8.88 billion by 2025, growing at a CAGR of 45.0% from 2018 to 2025. The report provides an extensive analysis of the key segments, changing trends, top-winning strategies, market size & projections, and competitive scenario.
🔜𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/4638
𝐋𝐢𝐬𝐭 𝐎𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Waymo,
BMW,
Intel…
Allied Market Research
The rise in demand for the industrial internet of things and DNS platforms, the substantial adoption of virtualization by organizations and factors such as bring your own device to reduce operational expenditure are the factors which significantly drives the growth of DDI market. In addition, the implementation of IoT platforms requires a large number of devices, frameworks, and IP services at a large scale. IoT platforms at this scale and…
Global Leather and Allied Products Market | Global Leather and Allied Products I …
The leather and allied products market comprises of sales of leather and allied products by individuals (organizations, sole traders and partnerships) that introduce the leather and allied products. The Leather and allied product producers transmute hides into leather by tanning or preserving and fabricating the leather into the products for final consumption, and/or introduce the similar products from other materials, comprising the products (except apparel) made from "leather substitutes likewise…
Allied Market Research
"World Castration-Resistant Prostate Cancer (CRPC) Therapeutics - Market Opportunity and Forecast, 2014-2020", the global CRPC therapeutics market would generate a revenue of $9.5 billion by 2020, registering a CAGR of 9.1% from 2015 to 2020. Hormonal therapy segment spearheads among all the therapy types, governing around 4/5th of the global market value in 2014 and would sustain its market position throughout 2020.
Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/694
The global CPRC therapeutics…