Albany, NY -- (SBWIRE) -- 04/15/2019 -- Corporate car sharing is a service provided by companies, organizations, and corporations, which offers transportation services for their employees. A company can operate a car-sharing service on its own, or can hire an external service provider. Companies benefit from corporate car-sharing, as it enables employees to stay punctual, reduces fleet management cost for the company, and eliminates the need for a large parking lot. Companies with considerable number of employees prefer to provide corporate car-sharing services.
The global corporate car sharing market is primarily driven by the expansion of the industrial sector. Global companies are expanding their footprint across the world, which in turn generates a demand for transportation of employees. A shared car can replace about eight private cars, which in turn reduces road traffic and results in fuel saving as well as reduction in pollution. Governing bodies have implemented stringent regulations on large corporations to reduce pollution, which in turn is prompting corporations to provide car sharing facilities for employees. Several companies have to pay a large amount as travelling expense, which can be reduced by a significant amount by providing a shared cab/car facility.
Electric vehicles offer lucrative opportunities to corporate car sharing companies. Electric vehicles are effectively reducing travelling expense and pollution and hence, corporate car sharing companies are adopting electric vehicles into their fleet.
Get Free Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/6887
The global corporate car sharing market can be segmented based on vehicle shape, vehicle class, vehicle type, service, and region. Based on vehicle shape, the global corporate car sharing market can be categorized into three segments. Hatchback vehicles accounts for a prominent share of the corporate car sharing market. Preference for SUVs and MUVs by corporations is increasing, as SUVs and MUVs can carry up to eight passengers, which results in less expenditure. In terms of vehicle class, the global corporate car sharing market can be divided into three segments. The mid-segment vehicles accounted for a major share of the corporate car sharing market, in terms of revenue. Mid-segment vehicles are efficient and cost-effective and hence, companies are preferring for them.
Based on vehicle type, the global corporate car sharing market can be segregated into three major segments. Adoption of electric vehicles is increasing in the car sharing industry. Zero-emission, stringent emission norms, reduction in lifecycle cost, and government initiatives are fueling the demand for electric vehicles across the car-sharing industry.
Based on service type, the global corporate car sharing market can be bifurcated into two segments. Several companies prefer to hire a private company in order to manage the transportation of employees. Consequently, the private company segment accounted for a major share of the corporate car sharing market. Hiring a private company eliminates the need for a separate department for fleet management, which in turn is fueling the private company segment.
In terms of region, the global corporate car sharing market can be segmented into five prominent regions. Europe has a presence of a huge number of global companies, which provide car-sharing service for their employees. Increase in awareness about pollution and its impact, stringent emission norms for corporations, increase in road traffic, and reduction in travelling expense are fueling the expansion of car sharing industry, which in turn is fueling the demand for corporate car-sharing service. Asia Pacific is home to a significant manufacturing industry as well service providing industry, owing to which the employee transportation is of prime importance. Raised concern about employee punctuality, governing body norms, and company concern to reduce the expense is fueling the demand for corporate car sharing.
Request For TOC Report @ https://www.marketresearchreports.biz/sample/toc/6887
Key players operating in the global corporate car sharing market include Ubeeqo, Omoove s.r.l., fleetster, DriveNow GmbH & Co. KG, car2go NA, LLC, Deutsche Bahn AG, Alphabet International GmbH, LeasePlan Luxembourg S.A., IBIOLA Mobility Solutions GmbH, Daimler AG, Sixt Rent a Car, LLC, and Targa Telematics S.p.A. a s. u.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
-Tailwinds and headwinds molding the market's trajectory
-Market segments based on products, technology, and applications
-Prospects of each segment
-Overall current and possible future size of the market
-Growth pace of the market
-Competitive landscape and key players' strategies
The main aim of the report is to:
-Enable key stakeholder's in the market bet right on it
-Understand the opportunities and pitfalls awaiting them
-Assess the overall growth scope in the near term
-Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists re-search reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
90 Sate Street, Suite 700
Albany, NY 12207