Global Car Sharing Market Report: 2011 Edition

Abstract

The concept of car sharing market was brought forward as a solution to changing complexities of growing economies and population wherein movement and travel was increasing but there was need to economize on expenses. During the last 60 years since it was first introduced in 1940s, the car sharing market has steadily grown in volume as people find car sharing an effective method to contain rising prices of fuel and vehicles. The market is projected to continue to expand, both in terms of number of members and vehicles in the years to come.

The leading car sharing regions in the world include Europe, North America, and Australia, among others. Though Europe remains the hub of car sharing activity, the other regions of the world have also experienced considerable growth. Car sharing as an alternative and more effective transit option has experienced noticeable growth in the US in past recent years thus accounting for majority revenue generation in the market.

Car sharing is considered as a means for reduced fuel consumption which is one of the major pollutants on earth. Due to the effective role in controlling pollution and congestion, there is an acknowledged trend of increased usage of car sharing services as an alternative transit option. Another notable trend in the global car sharing market has been the growing popularity of peer to peer car sharing model. Rapidly rising world population and growing proportion of urban residents all across the globe is one of the major driving forces behind car sharing growth. In addition, growing menace of traffic congestion and constantly rising fuel rises has led to a significant increase in the demand for car sharing services. Success of car sharing requires a lifestyle change, however, people's indifference and resistance towards adopting car sharing model in place of ownership proves to be a continuous challenge for the growth of the market.

The global car sharing market is intensely competitive and fragmented with several international, regional, and community based car sharing companies operating in the market. The companies generally compete on the basis of pricing, broad fleet, wide network of car sharing locations, and marketing expertise. Zipcar, Inc. of the US is the leading player on the global front, followed by Hertz on Demand and WeCar from the same region, Communauto and Modo Coop of Canada, Mobility Car Sharing of Europe, and City Hop of Australia, among several others.

The report provides an analysis of the global car sharing industry, with focus on various geographic regions. The market drivers, trends and challenges for the car sharing industry have also been analyzed. The report also presents the competitive structure of the industry and profiles major players with their key developments.

Table of Contents

1. Car Sharing - An Overview

• 1.1. Introduction
• 1.2. Car Sharing Business Models
• 1.3. History of Car Sharing
• 1.4. Working of Car Sharing Model
• 1.5. Benefits of Car Sharing

2. Car Sharing vs. Car Ownership/Car Rental

3. Car Sharing Market

• 3.1. Global Market

• 3.2. The United States
  • Market Value
  • Market Volume

• 3.3. Europe

• Market Value
  • 3.3.1. Germany

• Key Facts
• Market Volume
• Market Share
• Other Statistics

4. Car Sharing - Market Dynamics

• 4.1. Key Trends
  • 4.1.1. Car Sharing Addresses Ecological Concerns
  • 4.1.2. Peer to Peer Car Sharing

• 4.2. Growth Drivers
  • 4.2.1. Growing Urbanization
  • 4.2.2. High Fuel Prices
  • 4.2.3. Growing Traffic Congestion

• 4.3. Challenge
  • 4.3.1. High Taxation of Car Sharing Services in the US
  • 4.3.2. Apathy towards Change in Lifestyle Required for Car Sharing

5. Competitive Landscape

• Competitive Overview
• Leading Competitors

6. Company Profiles

• 6.1. Leading Companies in the US
  • 6.1.1. Zip Car, Inc.

• Business Overview
• Car Sharing Model
• Key Developments

• 6.1.2. WeCar

• Business Overview
• Car Sharing Model

• 6.2. Leading Companies in Canada
  • 6.2.1. CommonAuto

• Business Overview
• Car Sharing Model
• Key Developments

• 6.2.2. Modo - The Car Co-op

• Business Overview
• Car Sharing Model
• Key Developments

• 6.3. Leading Companies in Australia/New Zealand
  • 6.3.1. City Hop

• Business Overview
• Car Sharing Model
• Key Developments

• 6.3.2. Go Get Car Share

• Business Overview
• Car Sharing Model
• Key Developments

• 6.4. Leading Companies in Europe
  • 6.4.1. Mobility Car Sharing

• Business Overview
• Car Sharing Model
• Key Developments

• 6.4.2. Liftshare

• Business Overview

7. Market Outlook

• 7.1. Market Forecast

• 7.2. Forecast Methodology
  • 7.2.1. Dependent and Independent Variables
  • 7.2.2. Correlation Analysis
  • 7.2.3. Regression Analysis

List of Charts

• The Global Car Sharing Market - Regional Breakdown, October 2011
• The US Car Sharing Market, 2001-2010
• North American Car Sharing Market Revenues, 2009-2016E
• European Car Sharing Market Revenues, 2009-2016E
• Car Sharing Users in Germany, 2006-2011
• Car Sharing Vehicles in Germany, 2001-2011
• German Car Sharing Operators' Market Share, January 1, 2011
• Number of Households by Car Ownership in Germany, 2010
• Proportion of Car Sharers in German Cities by Population, 2009
• Zipcar Inc's Revenues, 2010-2011
• The US Car Sharing Members Forecast, 2009-2013E

List of Tables

• Difference between Car Sharing and Car Rental
• Proportion of Urban Population in the World, 2010
• Leading Car Sharing Companies in the ZipCar's Existing Market, 2010
• Car Sharing Cost - Zipcar vs. Connect vs. Hertz, 2010
• Zipcar's Daily Revenue per Car vs. Traditional Competitors, 2008-2010
• Dependent & Independent Variables (2005-2010)
• Correlation Matrix
• Model Summary - Coefficient of Determination
• Regression Coefficients Output