Carsharing Services Will Surpass 12 Million Members Worldwide by 2020

August 22, 2013

As an alternative or a supplement to personal vehicle ownership, carsharing provides drivers with convenient and affordable access to a range of vehicles on an hourly or daily basis.  Enjoying rapid growth since the 1990s, the carsharing market has grown from an informal network of small companies and organizations to a market driven by major multinational corporations.  According to a new report from Navigant Research, worldwide membership in carsharing programs will grow from 2.3 million in 2013 to more than 12 million by 2020.

“Carsharing offers members the ability to enjoy mobility without the expense and hassle of owning a car, or the need to frequently rent a vehicle from a traditional car rental agency,” says Lisa Jerram, senior research analyst with Navigant Research. “In addition, carsharing is viewed by both public and private entities as a powerful tool to reduce urban congestion and lower emissions of greenhouse gases.”

The growth of the carsharing market, however, will continue to be limited by the perceived inconvenience of not privately owning a vehicle.  Additionally, consumer attitudes about cars as symbols of status, success, privacy, and freedom persist.  Most importantly, according to the report, this market is constrained by the ability of carsharing companies to achieve sufficient revenue per vehicle in order to create a sustainable, profitable business.

The report, “Carsharing Programs”, examines the evolution of carsharing services in regions around the world.  The study examines the key drivers and barriers to continued expansion, as well as the societal benefits of carsharing.  Market forecasts for vehicle demand due to carsharing programs, reduced personal vehicle acquisition, and revenue from carsharing services by region extend through 2020.  The report also reviews market segmentation and key logistical considerations, and provides short profiles of the top companies involved in the carsharing industry.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin


* The information contained in this press release concerning the report, “Carsharing Programs,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Global Energy Capacity for Advanced Batteries for Utility-Scale Energy Storage is Expected to Reach 42.7 GWh by 2025
Improvements in storage technologies and emerging business models are solidifying utility-scale energy storage in the grid • A recent report from Navigant Research examines the market for advanced batteries for utility-scale…
Read More »
Global Revenue from Smart Water Networks Projected to Reach $7.2 Billion in 2025
During the next decade, increasing affordability of related technologies is expected to drive market growth • A new report from Navigant Research analyzes the market for smart water network products…
Read More »
Navigant Research Launches New Internet of Things Research Service
Information service will focus on transformative market forces and technologies shaping the connected energy landscape • Navigant Research today announced the launch of a new research service as part of…
Read More »
Utilities in North America, Europe, and Asia Pacific Have Emerged as the Top Global Consumers of Energy Storage
Cost-effective advanced energy storage technologies are providing utilities and grid operators with new tools to…
Read More »
View All News

{"userID":"","pageName":"Carsharing Services Will Surpass 12 Million Members Worldwide by 2020","path":"\/newsroom\/carsharing-services-will-surpass-12-million-members-worldwide-by-2020","date":"10\/21\/2016"}