London, 15 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Carsharing Market in China 2014-2018.
Carsharing is a membership-based, self-service system that contains a network of stations and vehicles, and provides an alternative to traditional car ownership. The car-sharing market in China is expected to grow at a CAGR of 84.13 percent from 2013-2018.
The latest report from TechNavio focuses on the cost benefits of carsharing services. Carsharing gives consumers mobility, while freeing them from costs of ownership, thus allowing them to have a hassle-free and cost-effective driving experience. It also gives them the freedom to choose cars based on their requirements.
“Improvements in public transportation networks are driving the decline in vehicle ownership rates. The future prospects of public transport solutions are building consumer confidence in carsharing schemes. The situation is complemented by the convergence of transport operators and telecom operators. The collaboration of different industry sectors is shaping the concept of future mobility by providing seamless attractive options to users. This in turn is expected to foster the growth of the carsharing market,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Cost Benefits
- For a full detailed list, view our report.
Market Challenges:
- Consumer Awareness
- For a full detailed list, view our report.
Market Trends:
- Enhanced Interconnectedness
- For a full detailed list, view our report.
Key Vendors:
- Car2share
- Car Clubs
- eHi Auto Services Co. Ltd.
- Kandi Technologies Group Inc.
Other Prominent Vendors:
- City Hop
- E-Car
- GoGet Car Share
- Mobility CarSharing
- Modo – The Car Co-op
- Zoom
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
