Pune, Maharashtra -- (SBWire) -- 03/18/2019 --The Graphical Research report titled "North America Automobile Sharing Market" (2017-2024) that represents the broad information comprising methodology and scope, industry insights, growth drivers, applications insights, company profiles and industry background, business trends, porter's analysis, pestel analysis, product landscape, swot analysis to 2024.
North America Automobile Sharing Market is set to surpass USD 4.8 billion by 2024. Stringent government regulations regarding the emission control are expected to accelerate the automobile sharing market growth in North America. The U.S. motor vehicle emission control program has stipulated more stringent standards for vehicle emission control to reduce pollution. Furthermore, these services reduce the vehicle ownership to a considerable extent, contributing to the reduced emission exhaust from vehicles.
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Free-floating automobile sharing market in North America is expected to gain momentum over the forecast timespan due to the ease of access to these services. Furthermore, these services are cost-effective and provide a high degree of flexibility. Furthermore, these services are available in small and mid-sized cities in North America. Station-based Automobile sharing market will grow in the region over the forecast period owing to the increasing integration of these services with the public transit systems.
The adoption of advanced technology in the vehicles by the industry players will accelerate the automobile sharing market growth over the forecast timespan. For instance, Zipcar uses Zipcard technology to access vehicles and unlock the doors. Enterprise Car Share developed a mobile application as a reservation system that allows the user to choose from a selection of automobile and the duration of usage for the customers. Such advancements allow maximum consumer convenience, thus attracting a large number of customers to these services.
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The key players in the North America car sharing market include Getaround, Zipcar, car2go, Turo, Enterprise CarShare, Maven, and Hertz. The industry is characterized by intense competition among a large number of players. The players are increasingly investing in product developments to offer customers differentiated offerings. For instance, in the U.S., Zipcar offers over 50 makes and models of vehicles.
Segments we Covered in this Report:
North America Automobile Sharing Market by Application
- Business
- Private
North America Automobile Sharing Market by Business Model
- Round trip
- One way
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North America Automobile Sharing Market by Model
- P2P
- Station-based
- Free-floating
The above information is provided for the following countries:
- U.S.
- Canada
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North America Automobile Sharing Market to Value over $4.8 Bn by 2024- Getaround, Zipcar, Car2go, Turo and Hertz
The North America automobile sharing market value is expected to grow due to the incentives offered by the government to use these services.