London, 10 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Car-Sharing Market in the US 2014-2018.
About Car Sharing
Car sharing 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 the US is expected to grow at a CAGR of 24.66 percent during the period 2013-2018.
The latest report from TechNavio focuses on the huge savings potential in the market. Car-sharing 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.
The report also highlights the diversity of car-sharing systems, thus leading to introduction of innovative models with other beneficial features.
“Car-sharing organizations initially used to operate their fleets of vehicles through the traditional two-way model, but recent developments have started introducing one-way and peer to peer car-sharing models, which are becoming quite popular. In the peer to peer model, car owners rent their vehicles to others through a a car sharing organization for short periods of time, thus making it a profitable revenue-sharing model,” 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:
- Multi Branding
- For a full detailed list, view our report.
Market Trends:
- Corporate Car-sharing
- For a full detailed list, view our report.
Key Vendors:
- Enterprise CarShare
- Getaround
- Hertz 24/7 Corp.
- RelayRides
- Zipcar
Other Prominent Vendors:
- Austin Car Share
- Buffalo Car Share
- Car Share Vermont
- City CarShare
- eGo CarShare
- Hourcar
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
