Car Sharing Market Europe
Number of car sharing users in europe 2011 and 2020.
Car sharing market europe. Europe is the second largest carsharing market globally behind asia partly due to its densely populated cities and partly because the european union has put a high focus on the adoption of green technologies and reducing ghg emissions. The europe car sharing market size was estimated at usd 570 million in 2017 and is expected to reach usd 4 billion growing at a cagr of over 33 7 from 2018 to 2024. Car sharing market size exceeded usd 2 5 billion in 2019 and is poised to grow at a cagr of over 24 between 2020 and 2026. This has resulted in an explosion of operators and fleets.
Car sharing vehicles in europe. Along with the est. Europe carsharing market analysis. For instance germany is by far the biggest car sharing market in europe where growth has accelerated since 2012 0 26m users and is expected to keep momentum reaching 3 1m users by 2020.
Evaluated based on models p2p station based free floating business model round trip one way applications business private and more. Car sharing users in europe 2014 by country. The implementation of stringent emission regulations by governments across the globe is fueling the adoption of urban mobility solutions driving the market growth. Car sharing in europe business models national variations and coming disruptions car sharing is a key aspect thereof and the market is committed to offering personal convenience and social improvement.
This development is a global phenomenon that varies between individual countries. Presence of car sharing providers. Europe car sharing market growth is expected to accelerate over the forecast timespan due to the benefits of these services such as reduced pollution and traffic congestion. Europe carsharing market analysis.
Europe is the second largest carsharing market globally behind asia partly due to its densely populated cities and partly because the european union has put a high focus on the adoption of green technologies and reducing ghg emissions.