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Car Subscription Market Size
- Report ID: GMI4847
- Published Date: Dec 2022
- Report Format: PDF
Car Subscription Market Size
Car Subscription Market size exceeded USD 5 billion in 2022 and is poised to grow at over 35% CAGR between 2023 and 2032. Growing demand for car leasing services globally will drive the market revenue.
The flexibility and cost-effectiveness associated with car subscription services are major factors promoting product uptake. Increasing consumer interest in acquiring cars at affordable monthly installments, inclusive of the cost of insurance, maintenance, and roadside assistance, makes the subscription model feasible for such buyers. Furthermore, market participants are focusing on enhancing the existing technology for better booking services to make it accessible on all sorts of devices via a simple platform interface, which is expected to supplement industry development through the estimated timeline.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Car Subscription Market Size in 2022: | USD 5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 35% |
| 2032 Value Projection: | USD 100 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 225 |
| Segments covered: | Service Provider, Vehicle, Subscription Period, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Car Subscription Market Scope
