London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the car-sharing market in the APAC 2015-2019, which is expected to grow at a CAGR of 39.06% during the period 2014-2019.
Customers are increasingly using electric cars in countries such as China, Japan, and South Korea and hiring clean vehicles from car-sharing service providers. The car-sharing market in APAC shows immense potential for growth because car sharing is affordable and megacities and consumer awareness about car sharing are on the rise.
“Through corporate car sharing scheme, they make a fleet of vehicles available at company premises for the use of employees. This is beneficial for both companies and CSOs,” says Faisal Ghaus, Vice President of Technavio.
“It also provides better accessibility for employees, as they can choose branded and expensive cars from a pool of cars that they would otherwise not purchase.”
Key Market Drivers
- Cost-saving Advantages
- Growth of Megacities
- Increased Demand from China
- Customer Convenience
Key Market Trends
- Sustainability
- Diversity of Car-sharing Systems
- Enhanced Interconnectedness
- Corporate Car Sharing
- Technological Development
Key Market Vendors
- Car2Share (Daimler AG)
- Car Clubs
- eHi Auto Services Co. Ltd.
- GoGet CarShare (CarShare Australia Pty Ltd.)
- The Hertz Corp.
- Kandi Technologies Group Inc.
- ORIX Auto Infrastructure Services Ltd. (ORIX Corp.)
- Park24 Co. Ltd.
- SOCAR Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
