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Vehicle as a Service Market Share
- Report ID: GMI5365
- Published Date: Sep 2022
- Report Format: PDF
Vehicle as a Service Market Share
Some of the key players operating in the vehicle as a service market are
- Autonomy
- BMW AG
- Borrow
- CarNext
- Cluno GmbH
- Clutch Technologies, LLC (DriveFlow)
- Daimler AG
- Drover Ltd
- FlexDrive
- Fresh Car
- General Motors
- Hertz
- Hyundai
- OpenRoad
- Porsche
- Sixt
- Tata Motors
- Toyota
- Volkswagen
- Volvo Car Corporation
- ZoomCar
These companies are focusing majorly on the expansion of their vehicle fleet and geographical presence to foster business outlook.
Frequently Asked Questions (FAQ) :
The market size of vehicle as a service valued at USD 5 billion in 2021 and is set to progress at a CAGR of more than 20% through 2030, driven by the positive outlook for renting and leasing vehicles.
The passenger cars segment is estimated to exhibit a growth rate of around 20.5% between 2022 and 2030 owing to growing traffic and parking problems in cities due to rising urbanization.
The automotive OEM segment is poised to witness approximately 24.5% gains during 2022 to 2030 as numerous OEMs are offering car subscription services in specific geographic locations with high growth potential.
The Europe car as a service market exceeded a valuation of USD 2.5 billion in 2021 and is projected to grow steadily in the coming years as a result of accelerating production of electric vehicles and improving charging infrastructure in the region.
Vehicle as a Service Market Scope
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