Global Car-as-a-Service Industry
Market Overview
In a significant shift from personally owned cars and public transport systems, service providers are now focusing on making car ride-hailing services accessible to all.
The car-as-a-service market mainly refers to the mobility and transport services offered using cars as taxis. It can be looked at as a subset of the Mobility-as-a-Service (MaaS) market which is growing in popularity all over the globe. With the rate of urbanization in all developing countries, there has been an upswing in the global ride-hailing market.
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Today, people in developed and developing countries are increasingly opting for ride-hailing services. The report on the global Car-as-a-Service market gives a comprehensive picture of the current market status, size, and forecast for the coming years. It aims to define the market and the range of products and services offered. The data used are from the period 2014-2018 and with 2018 as the base year.
The report covers the key opportunities in the market; the factors affecting the growth. It also does a strategic profiling on the key players in the market and analyzes their developmental plans and strategies. Studying the market trends and the market dynamics, the estimates, and market forecast has been provided for the period 2019-2025. To provide insights into the market, a detailed study and market segmentation has been done.
The key players covered in this study
BMW AG
DiDi Chuxing
Ford Motor Company
Lyft
Uber Technologies
Industry News
During the recent United Nations Climate Action Summit, organizations such as EIT Climate-KIC, the World Economic Forum, and other partner organizations unveiled the Circular Cars Initiative. It would be a major boost to the Mobility-as-a-Service industry as a whole. The initiative focuses on key concepts such as longevity design through sharing or carpooling and improved materials and remanufacturing. LeasePlan, a leading global Car-as-a-Service company, would also be one of the partners in this venture. The overall aim would be to reduce the global footprint of the car and automobile industries.
Segmentation
The major segmentation in the Car-as-a-Service market would be based on the type of product and the product application. Based on the product type, the main types would be ride-hailing services that allow users to schedule or book taxis for pick-up and drop services and car rental services where people can rent cars on a timely basis. The segmentation based on the application would mainly boil down to online and offline applications, based on how a business operates. Using market segmentation and analysis could give a clear understanding of each of the various sections of the market and how they perform.
Regional Analysis
The demographics and economic conditions of a region hugely affect the regional CaaS markets. The other factors, like infrastructure and market penetration that affect the economy also play a major role in determining the status of the local markets. These factors vary in terms of whether the country is a developing country or a developed country and also the rate of growth and development. The report mainly studies the key regions and countries in the market that include North America, Europe, Japan, China, Southeast Asia, India, and Latin America. It gives an analysis of the market dynamics in each of these regions and the submarkets that influence the overall growth of the global Car-as-a-Service market.
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