Graphical Research

Asia Pacific Car Sharing Market to Grow at 31.5% Up to 2024: Zipcar, Car2Go, BleuSG, Car Club, WhizzCar, Tribecar and Smove

Asia Pacific car sharing market share in business applications is expected to grow rapidly, primarily due to the lack of public transit infrastructure in the countries including China, Japan, and India.

 

Pune, Maharashtra -- (SBWIRE) -- 03/15/2019 -- Graphical Research has compiled an exhaustive research study of the 'Asia Pacific Car Sharing Market', detailing every single market driver and intricately analyzing the business vertical. This ' market' study will aid in seeking out new business opportunities and fine-tuning existing marketing strategies through insights regarding SWOT analysis, market valuation, competitive spectrum, regional share and revenue predictions.

Asia Pacific Car Sharing Market size to reach over $2bn by 2024. The growing demand for advanced mobility options due to increasing traffic congestion will propel the market growth by 2024. According to a report published by Uber Technologies, the people in the region are stuck in traffic for about 52 minutes per day or 13 days per year. The governments in the region are considering the introduction of advanced mobility options such as car sharing to reduce the traffic congestion.

Get sample of this research report @ https://www.graphicalresearch.com/request/1001/sample

One-way car sharing market is expected to witness a significant growth due to the high degree of flexibility offered by these services. These services are being availed by the customers who need to run daily errands such as grocery shopping. Furthermore, the customers are using these services in integration with the public transit systems. This has encouraged the governments to establish collaborations with the car sharing companies to develop services integrated with the public transit systems.

P2P car sharing market will propel over the forecast timespan due to a high degree of private vehicle ownership in the region. Considering the potential of the industry, several companies are investing in developing these services in the Asia Pacific region, particularly in countries including Malaysia, Singapore, and Taiwan. For instance, iCarsclub, a Singapore-based P2P car sharing company has raised USD 10 million to expand their service offerings.

The key participants in the car sharing market include Zipcar, Car2Go, BleuSG, Car Club, WhizzCar, Tribecar, and Smove. The companies are struggling to retain their customers and share in the industry and thus are investing in offering differentiated services to the customers such as loyalty discounts and fidelity cards.

Make an inquiry for buying this report @ https://www.graphicalresearch.com/request/1001/inquiry-before-buying

Segments we Covered in this Report:

Asia Pacific Car Sharing Market Size by Business Model
Roundtrip
One way

Asia Pacific Car Sharing Market Share by Model
P2P
Station-based
Free-floating

Asia Pacific Car Sharing Market Forecast by Application
Business
Private

Browse full report @
https://www.graphicalresearch.com/industry-insights/1001/APAC-car-sharing-market

The above information has been provided for the following countries:
China
India
Japan
South Korea
Taiwan
Australia
Malaysia
Singapore

Browse Related Reports

1. Europe Car Sharing Market Statistics By Business Model (Round Trip, One Way), By Model (P2P, Station-Based, Free-Floating), By Application (Business, Private), Industry Analysis Report, Regional Outlook (UK, Germany, France, Italy, Spain, Russia, Turkey), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.graphicalresearch.com/industry-insights/1003/europe-car-sharing-market

2. North America Car Sharing Market Size By Model (P2P, Station-Based, Free-Floating), By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
https://www.graphicalresearch.com/industry-insights/1005/north-america-car-sharing-market

About Graphical Research
Graphical Research reports have been constructed taking into consideration each regional market as an independent industry, since each country-level industry is governed by a different set of dynamics, consumer behavior and regulatory landscape. In addition to a high degree of accuracy, this approach also enables us to better analyze the industry scenario and offer targeted business intelligence.