P2P Carsharing Market Sets the Table for Continued Growth | Enterprise Holdings, Localiza, Getaround, Turo

The Latest research study released by AMA "Worldwide P2P Carsharing Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are Enterprise Holdings (United States), Localiza (Brazil), Getaround (United States), Turo (United States), Carshare Ventures B.V. (Netherlands), Rent Centric (Canada), AngelList (United States),.

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Brief Summary of P2P Carsharing: Peer to peer car sharing is just similar to the form of person to person vehicle sharing. Peer to peer car sharing permits the car owners to rent out their cars for either free and also for some amount of fee, usually by the means of the Internet. Also, this type of car sharing became one of the most affordable means of transportation as the users can easily rent any nearby car and pay only for the time that they rent the vehicles. Peer-to-peer car sharing can also be related to a form of person-to-person lending or collaborative consumption, as a part of the sharing economy. This type of business model is very closely aligned with the traditional car clubs like Streetcar or Zipcar. With the peer-to-peer car-sharing, all the participating car owners are capable of charging a fee to rent out their vehicles whenever they are not using them. Businesses within this kind of sector usually screen the participants both the owners and the renters and also offer a technical platform, generally in the form of a website or mobile app, which brings both the parties together, helps in achieving rental bookings, and also collects the payment. These businesses take around 25% and 40% of the entire income, which also covers operating expenses, borrower/renter insurance, and roadside assistance. In return to which they provide customer service, roadside assistance, and vets renters with regular DMV checks. The Internet and the high adoption of location-based services, as well as the widespread of mobile technology, have contributed highly towards the growth of peer-to-peer car sharing. Also, the millennials are now less attracted to car ownership than the previous generations.

Market Drivers:
• Shifting Consumer Preferences Towards a More Connected Driving Experience
• The Rising Usage of Smartphones and the Internet
• Growing Population and Demands for More Comfort

Market Trends:
• Surging Demand for Luxury Cars for Safe and Comfortable Driving
• Growing Adoption of Highly Automated and Artificially Intelligent P2P Car-Sharing

Market Challenges:
• Unawareness Regarding the P2P Car-Sharing in the Underdeveloped Regions

Market Opportunities:
• The Rising Awareness of P2P Car-Sharing in The Developed and Developing Regions
• Growing Number of Connected Cars in Emerging Economies

In June 2021 Enterprise holdings had partnered with the New Scottish GO-HI MaaS Project. The GO-HI app thereby provides instant access to information on buses, trains, taxis, car hire, car clubs, bicycle hire, air travel, and ferries. This thus allows the users to plan their journeys and then further to select, book, and pay for all modes of transport all in one place using any kind of iOS or Android mobile device.

Although many of the personal auto insurers in the U.S. exclude the coverage for commercial use of insured vehicles either through a livery and the public transportation exclusion or a specific "personal vehicle sharing program" exclusion. In 2011, California was one of the first U.S. states to pass Assembly Bill 1871, which allowed for private car sharing. Several other states in the U.S. have also passed legislation allowing individuals to share their cars without any risk of losing their personal car insurance. These include California, Oregon, Maryland, Washington, and Colorado. However, in the U.S., New York is the one and only state that does not allow for peer-to-peer car rental due to the fact that the owner cannot exclude himself from the liability towards a renter.

The Global P2P Carsharing Market segments and Market Data Break Down are illuminated below: by Type (Passenger Car Sharing, Commercial Car Sharing), Application (Personal, Commercial), Mode of Payment (Online, Cash, Card, Others), Service Type (Safety & security, Information & navigation, Entertainment, Remote diagnostics, Others)

This research report represents a 360-degree overview of the competitive landscape of the Global P2P Carsharing Market. Furthermore, it offers massive data relating to recent trends, technological, advancements, tools, and methodologies. The research report analyzes the Global P2P Carsharing Market in a detailed and concise manner for better insights into the businesses.

Regions Covered in the Global P2P Carsharing Market:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global P2P Carsharing Market.

The detailed elaboration of the Global P2P Carsharing Market has been provided by applying industry analysis techniques such as SWOT and Porter's five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.

Attractions of the Global P2P Carsharing Market Report:
• The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2027)
• The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and start-up's details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

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Strategic Points Covered in Table of Content of P2P Carsharing Market:
Chapter 1 to explain Introduction, market review, market risk and opportunities, market driving force, product scope of Global P2P Carsharing Market;
Chapter 2 to inspect the leading manufacturers (Cost Structure, Raw Material) with sales Analysis, revenue Analysis, and price Analysis of Global P2P Carsharing Market;
Chapter 3 to show the focused circumstance among the best producers, with deals, income, and Global P2P Carsharing market share 2021;
Chapter 4 to display the regional analysis of Global P2P Carsharing Market with revenue and sales of an industry, from 2021 to 2023;
Chapter 5, 6, 7 to analyze the key countries (United States, China, Europe, Japan, Korea & Taiwan), with sales, revenue and market share in key regions;
Chapter 8 and 9 to exhibit International and Regional Marketing Type Analysis, Supply Chain Analysis, Trade Type Analysis;
Chapter 10 and 11 to analyze the market by product type and application/end users (industry sales, share, and growth rate) from 2021 to 2027
Chapter 12 to show Global P2P Carsharing Market forecast by regions, forecast by type and forecast by application with revenue and sales, from 2021 to 2027;
Chapter 13, 14 & 15 to specify Research Findings and Conclusion, Appendix, methodology and data source of Global P2P Carsharing market buyers, merchants, dealers, sales channel.

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P2P Carsharing Market research provides answers to the following key questions:
 What is the expected growth rate of the P2P Carsharing Market?
 What will be the P2P Carsharing Market size for the forecast period, 2021 - 2027?
 What are the main driving forces responsible for changing the P2P Carsharing Market trajectory?
 Who are the big suppliers that dominate the P2P Carsharing Market across different regions? Which are their wins to stay ahead in the competition?
 What are the P2P Carsharing Market trends business owners can rely upon in the coming years?
 What are the threats and challenges expected to restrict the progress of the P2P Carsharing Market across different countries?

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