London, 22 June 2015 – Technavio has published a new report on the corporate car sharing market in Europe, which is expected to grow at a CAGR of more than 87% from 2015-2019.
The market research report by Technavio draws attention towards the cost efficiency of car sharing services in terms of the total costs associated with mobility. As the vehicles available in car sharing fleets are owned by firms or individuals, users are free from costs and other issues associated with owning a vehicle.
“In car sharing, users have the flexibility of choosing cars as per their requirements, and insurance costs are covered for both users and individual car owners, which makes it a viable option,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the increasing demand for peer-to-peer (P2P) car sharing. In the P2P model, car owners rent their vehicles to users through car sharing organizations (CSOs) for short periods of time, which has become a popular revenue-sharing model between the individual car owner and the CSO.
“The entrance of original equipment manufacturers in this segment will provide immense growth potential to the market, as it will allow the introduction of innovative models of car sharing,” says Ghaus.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
