APAC Car Sharing Market by Applications,Share & Growth Trends to 2024
Category: #reports  By Madhuri Pawar  Date: 2019-02-26
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APAC Car Sharing Market by Applications,Share & Growth Trends to 2024

APAC Car Sharing Market size to exceed over $2bn by 2024. The growing demand for advanced mobility options due to increasing traffic congestion will propel the market growth by 2024. According to a report published by Uber Technologies, the people in the region are stuck in traffic for about 52 minutes per day or 13 days per year. The governments in the region are considering the introduction of advanced mobility options such as car sharing to reduce the traffic congestion.

Asia Pacific Car Sharing Market based on Model, Business Model, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024”, according to a new research report by Graphical Research.

Sample of this research report @ https://www.graphicalresearch.com/request/1001/sample

P2P car sharing market will propel over the forecast timespan due to a high degree of private vehicle ownership in the region. Considering the potential of the industry, several companies are investing in developing these services in the Asia Pacific region, particularly in countries including Malaysia, Singapore, and Taiwan. For instance, iCarsclub, a Singapore-based P2P car sharing company has raised USD 10 million to expand their service offerings.

One-way car sharing market is expected to witness a significant growth due to the high degree of flexibility offered by these services. These services are being availed by the customers who need to run daily errands such as grocery shopping. Furthermore, the customers are using these services in integration with the public transit systems. This has encouraged the governments to establish collaborations with the car sharing companies to develop services integrated with the public transit systems.

The key participants in the car sharing market include Zipcar, Car2Go, BleuSG, Car Club, WhizzCar, Tribecar, and Smove. The companies are struggling to retain their customers and share in the industry and thus are investing in offering differentiated services to the customers such as loyalty discounts and fidelity cards.

Make an inquiry for this report @ https://www.graphicalresearch.com/request/1001/inquiry-before-buying

Segments we cover in this report:

APAC Car Sharing Market Size by Business Model
Roundtrip
One way

Asia Pacific Car Sharing Market Share by Model
P2P
Station-based
Free-floating

Browse more insights from this report @
https://www.graphicalresearch.com/industry-insights/1001/APAC-car-sharing-market

APAC Car Sharing Market Forecast by Application
Business
Private

The above information has been provided for the following countries:
China
India
Japan
South Korea
Taiwan
Australia
Malaysia
Singapore

Related Reports:

  1. North America Car Sharing Market Size By Model, By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
     
  2. Europe Car Sharing Market Statistics By Business Model (Round Trip, One Way), By Model (P2P, Station-Based, Free-Floating), By Application, Industry Analysis Report, Regional Outlook (UK, Germany, France, Italy, Spain, Russia, Turkey), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
     

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
 

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About Author

Madhuri Pawar

Email: [email protected]   

Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

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