Carsharing Market Report 2025 (Global Edition)

Global Carsharing Market Report 2025 Market Size Split by Type (Economy, Executive, Lluxury, Others), by Application (Business, Private), by Business Model (Round trip, One way), by Fuel Type (Battery...

Carsharing Market Report Description

We have various report editions of Carsharing Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Carsharing Market Insights Video

Competitive Landscape of the Carsharing market

In general, the car carrier market has a highly competitive landscape across global and regional providers. The leading companies such as Höegh Autoliners, NYK Line, and Wallenius Wilhelmsen establish market dominance due to large fleets and international logistics networks. At the same time, regional providers, including United Road Services and Jack Cooper Transport, ensure the industry’s competitiveness by offering specialized services and regional knowledge.

In May 2023, Getaround, Inc. has acquired HyreCar to bolster its car sharing business, anticipating an expansion of services. The acquisition may also pave the way for the company to enter food and package delivery services through HyreCar. (Source: https://getaround.com/blog/an-exciting-new-chapter-welcoming-hyrecar/) In Jan 2023, Hertz and Uber have teamed up to rent out 25,000 electric vehicles (EVs) to Uber drivers in European capital cities by 2025. This initiative aligns with Hertz's goal of establishing one of the largest rental EV fleets globally and Uber's aim to transition to a zero emissions platform in Europe and North America by 2030. (Source:https://ir.hertz.com/news-releases/news-release-details/hertz-and-uber-expand-partnership-bring-25000-electric-vehicles#:~:text=A%20wide%20range%20of%20suitable,and%20North%20America%20by%202030..)

Top Companies Market Share in Carsharing Industry: (In no particular order of Rank)

• Ekar Car Rental LLC
• Stellantis NV SIXT
• Turo Inc
• Cambio Mobility Service GmbH & Co KG
• Goldbell Engineering Pte Ltd
• Avis Budget Group
• Inc
• Getaround Inc
• Enterprise Holdings Inc
• Hertz Global Holdings Inc
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Carsharing Market

Which Region Dominates the Carsharing Market in 2024?

According to Cognitive Market Research, by 2024, North America still leads the car carrier market as the major player with around 40% of market share. The strong automotive market penetration with high-profile car manufacturers and the high level of logistics development are responsible for the position of the region. The accompanied factors are economics and consumer activity that drive the demand for vehicles and promote the production segment. Overall, the mature automotive market, the development of advanced technologies positioning the entire transportation and logistics sector is attracting investors in the car carrier sector and will preserve the region as one of the most crucial offshore stakeholders in the future.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific has become the fastest-growing market in the auto transportation industry and possesses a remarkable 23.0% compound annual growth rate (CAGR). Rapid expansion of the automotive industry in countries such as China, Japan, South Korea and India is one main reason for this growth. Increasing urbanization, rising disposable incomes and the burgeoning middle class population are underpinning car demand across Asia. the more adoption rate of advanced manufacturing technologies and expansion of transportation infrastructure further facilitate growth in market of car carriers throughout Southern Asia is picking up. With continued investment in logistics and supply chain optimization, together with the support of government policies conducive to this end, the region's future trajectory appears assured- all-we can say is watch out for more car carrier markets emerging from Asia.

The current report Scope analyzes Carsharing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Carsharing

According to Cognitive Market Research, the global carsharing market size was estimated at USD 3,125.20 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1,250.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031. Middle East and Africa (MEA) represent emerging markets with growing opportunities for the CMOS image sensor industry. Despite facing challenges related to infrastructure and economic development, the region showcases potential for market expansion, driven by increasing investments in sectors such as consumer electronics, automotive, and healthcare. In MEA, the consumer electronics segment stands out as a significant driver for CMOS image sensor demand, fueled by rising smartphone penetration, growing demand for digital cameras, and increasing adoption of imaging technologies in smart devices, driving the region's market growth. In conclusion, while facing infrastructure challenges, the Middle East and Africa region present promising growth prospects for the Carsharing market, particularly driven by the burgeoning consumer electronics segment, indicating opportunities for manufacturers and suppliers in the region.

• According to Cognitive Market Research, the US had a major share in the carsharing market with a market size of USD 986.31 million in 2024 and is projected to grow at a CAGR of 19.0% during the forecast period. Growing demand segments for carsharing in the US include urban areas due to traffic congestion, environmental concerns, and rising costs of car ownership.
• The Canada carsharing market had a market share of USD 150.01 million in 2024 and is projected to grow at a CAGR of 20.0% during the forecast period. Growing demand segments in Canada's carsharing market include urban areas due to congestion, environmentally conscious consumers, and corporate partnerships promoting sustainability.
• The Mexico carsharing market is projected to witness growth at a CAGR of 19.7% during the forecast period with a market size of USD 113.76 million in 2024.

Europe Carsharing

According to Cognitive Market Research, the global carsharing market size was estimated at USD 3,125.20 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 937.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.7% from 2024 to 2031. Europe, a major market for CMOS image sensors, boasts a thriving technology sector and a strong focus on innovation, driving demand for advanced imaging solutions across industries such as automotive, healthcare, and consumer electronics. Segmentation analysis further highlights the automotive sector stands out as a significant segment for CMOS image sensors, with the increasing integration of advanced driver assistance systems (ADAS) and autonomous driving technologies driving the demand for high-quality imaging solutions. In conclusion, Europe presents a promising landscape for the Carsharing market, characterized by technological innovation, diverse industry verticals, and a growing emphasis on enhancing imaging capabilities across various applications.

• The United Kingdom's carsharing market had a market share of USD 157.51 million in 2024 and is projected to grow at a CAGR of 20.3% during the forecast period. Growing demand segments in the United Kingdom include Economy carsharing for cost-conscious users and Luxury carsharing for premium experiences, driven by convenience and sustainability.
• The France carsharing market is projected to witness growth at a CAGR of 18.7% during the forecast period with a market size of USD 86.26 million in 2024.
• According to Cognitive Market Research, the Germany carsharing market size was valued at USD 185.64 million in 2024 and is projected to grow at a CAGR of 19.7% during the forecast period. Growing demand segments in Germany's carsharing market include Economy for cost-conscious users and Electric Vehicles for sustainability-conscious consumers, driven by environmental awareness and urban mobility needs.
• The Italy carsharing market is projected to witness growth at a CAGR of 18.9% during the forecast period with a market size of USD 80.63 million in 2024.
• The Russia carsharing market is projected to witness growth at a CAGR of 18.5% during the forecast period with a market size of USD 145.32 million in 2024.
• The Spain carsharing market is projected to witness growth at a CAGR of 18.6% during the forecast period with a market size of USD 76.88 million in 2024.
• The Luxembourg carsharing market is projected to witness growth at a CAGR of 19.6% during the forecast period with a market size of USD 29.06 million in 2024.
• The Portugal carsharing market is projected to witness growth at a CAGR of 19.3% during the forecast period with a market size of USD 19.69 million in 2024.
• The Greece carsharing market is projected to witness growth at a CAGR of 19.8% during the forecast period with a market size of USD 11.25 million in 2024.
• The Rest of Europe carsharing market is projected to witness growth at a CAGR of 18.2% during the forecast period with a market size of USD 145.32 million in 2024

Asia Pacific Carsharing

According to Cognitive Market Research, the global carsharing market size was estimated at USD 3,125.20 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 718.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.0% from 2024 to 2031. Asia Pacific, encompassing countries like China, Japan, South Korea, and India, is a dynamic region witnessing rapid economic growth and technological advancements. It is a key hub for manufacturing, innovation, and consumer electronics production, driving the demand for CMOS image sensors across various industries. Segmentation analysis reveals Asia Pacific leads in the adoption of CMOS image sensors in the consumer electronics sector, fueled by the region's large population, increasing disposable incomes, and growing demand for smartphones, digital cameras, and other electronic devices. In conclusion, Asia Pacific presents significant growth opportunities for the Carsharing market, driven by its burgeoning consumer electronics industry, expanding automotive sector, and government initiatives promoting industrial automation and smart technologies.

• According to Cognitive Market Research, the China carsharing market size was valued at USD 323.46 million in 2024 and is projected to grow at a CAGR of 22.5% during the forecast period. Growing demand segments in China's carsharing market include urban areas due to traffic congestion, environmental concerns, and the convenience of shared mobility options.
• The Japan carsharing market is projected to witness growth at a CAGR of 21.5% during the forecast period with a market size of USD 99.19 million in 2024.
• The India carsharing market had a market share of USD 86.26 million in 2024 and is projected to grow at a CAGR of 24.8% during the forecast period. Growing demand segments for carsharing in India include urban commuters seeking cost-effective mobility, tourists for convenient travel, and businesses for fleet management, driven by congested cities and rising environmental concerns.
• The South Korea carsharing market is projected to witness growth at a CAGR of 22.1% during the forecast period with a market size of USD 71.88 million in 2024.
• The Australia carsharing market is projected to witness growth at a CAGR of 22.7% during the forecast period with a market size of USD 37.38 million in 2024.
• The South East Asia carsharing market is projected to witness growth at a CAGR of 24.0% during the forecast period with a market size of USD 49.60 million in 2024.
• The Rest of the APAC carsharing market is projected to witness growth at a CAGR of 22.8% during the forecast period with a market size of USD 51.03 million in 2024.

South America Carsharing

According to Cognitive Market Research, the global carsharing market size was estimated at USD 3,125.20 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 156.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.4% from 2024 to 2031. Latin America, comprising diverse economies with varying levels of technological advancement, witnesses growing demand for CMOS image sensors driven by increasing adoption of smartphones, rising automotive production, and expanding industrial automation. Particularly in Brazil, the consumer electronics sector exhibits robust growth, fueled by rising disposable incomes and a burgeoning middle class, propelling demand for CMOS image sensors. Segmentation analysis reveals the automotive sector presents a significant growth opportunity for CMOS image sensors, especially in Mexico, where the automotive industry is a key contributor to the country's economy. With a focus on enhancing vehicle safety and implementing advanced driver assistance systems (ADAS), the demand for CMOS image sensors in automotive applications is poised to surge, driving market growth in the region. In conclusion, Latin America showcases promising growth prospects for the Carsharing market, driven by increasing demand from the consumer electronics and automotive sectors.

• According to Cognitive Market Research, the Brazil carsharing market size was valued at USD 66.88 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period. Growing demand segments in Brazil's carsharing market include urban areas due to traffic congestion, eco-conscious consumers opting for electric vehicles, and corporate sectors seeking cost-effective transportation solutions.
• The Argentina carsharing market had a market share of USD 26.25 million in 2024 and is projected to grow at a CAGR of 21.3% during the forecast period. Growing demand segments in Argentina include Economy carsharing for urban commuters due to traffic congestion and rising fuel costs.
• The Colombia carsharing market is projected to witness growth at a CAGR of 20.2% during the forecast period with a market size of USD 13.91 million in 2024.
• The Peru carsharing market is projected to witness growth at a CAGR of 20.6% during the forecast period with a market size of USD 12.81 million in 2024.
• The Chile carsharing market is projected to witness growth at a CAGR of 20.7% during the forecast period with a market size of USD 11.25 million in 2024.
• The Rest of LATAM carsharing market is projected to witness growth at a CAGR of 19.5% during the forecast period with a market size of USD 25.16 million in 2024

Middle East and Africa Carsharing

According to Cognitive Market Research, the global carsharing market size was estimated at USD 3,125.20 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 62.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. The Middle East and Africa (MEA) region exhibits a growing demand for CMOS image sensors, driven by expanding applications in consumer electronics, automotive, and surveillance systems. With increasing technological adoption and infrastructure development across various industries, MEA presents significant growth opportunities for CMOS sensor manufacturers seeking to capitalize on the region's burgeoning market potential. Segmentation analysis reveals the automotive sector stands out as a key segment driving the demand for CMOS image sensors, fueled by the integration of advanced driver assistance systems (ADAS) and in-vehicle camera technologies. This trend is further bolstered by the region's focus on enhancing road safety and adopting smart transportation solutions, positioning the Middle East as a promising market for CMOS sensor applications in the automotive industry. In conclusion, the MEA region presents a promising landscape for the growth of the Carsharing market, with increasing demand across multiple sectors including consumer electronics, automotive, and surveillance. 

• The GCC Countries carsharing market is projected to witness growth at a CAGR of 21.5% during the forecast period with a market size of USD 26.75 million in 2024. Growing demand segments in GCC Countries' carsharing market include economy and luxury segments due to rising urbanization and adoption of sustainable transportation.
• The Egypt carsharing market is projected to witness growth at a CAGR of 21.0% during the forecast period with a market size of USD 6.56 million in 2024.
• The South Africa carsharing market is projected to witness growth at a CAGR of 21.7% during the forecast period with a market size of USD 9.88 million in 2024.
• The Turkey carsharing market is projected to witness growth at a CAGR of 20.2% during the forecast period with a market size of USD 5.38 million in 2024.
• The Nigeria carsharing market is projected to witness growth at a CAGR of 19.8% during the forecast period with a market size of USD 6.56 million in 2024.
• The Rest of MEA carsharing market is projected to witness growth at a CAGR of 19.7% during the forecast period with a market size of USD 7.38 million in 2024.

Carsharing Market Analysis

Carsharing Market Type Segment Analysis

According to Cognitive Market Research, right now, the economy segment in the car carrier market continues robustly, and its wide appeal has made it a favorite among many different kinds of people. Thus, this segment meets the needs of those type of people who wish for low-cost and practical solutions to transportation, constituting a dominant choice among budget consumers. Economy car carriers typically provide economic shipping options in addition to efficient logistics and reliable delivery arrangements. This means that both automobile manufacturers and final users can enjoy easy access and convenience. By focusing on maximum efficiency and lowest costs, economy car carriers keep a steady demand level so as to account significantly for market share in general.

The other segment - luxury - is growing fastest in the car carrier market, because demand for high-end and premium cars has surged around the globe. Luxury car carriers specialize in providing tailored transportation services uniquely suited to the needs of luxury automotive brands and their ever more discriminating customers. These carriers offer specialized handling, increased security precautions and customer experiences that are of the first degree in quality - all matching, the standard of opulence and elegance properly associated with luxury cars. As the world's luxury car market keeps expanding, driven on bubbles of wealth and aspiration, demand for luxury car carriers is likely to increase dramatically - which makes it the new fastest-growing segment in car carrier business.

• Economy
• Executive
• Lluxury
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carsharing Industry. Request a Free Sample PDF!

Carsharing Market Application Segment Analysis

According to Cognitive Market Research, the need to transport vehicles between manufacturing hubs, distribution points and showroom lots has kept the business application segment in pole position. Companies in the automobile sector rely heavily on efficient transportation solutions to get cars to meet customer demand and stock them according to optimal inventory levels. The car carrier serves as a point of leverage for a number of points in the transportation chain. When automakers and dealers use these vehicles, their business scales to fit technology thereby greatly boosting output. With deadlines and quality standards to meet, businesses must find reliable, cost-effective transport partners. Consequently, the business application segment forms one of can carry the couldn't be without cornerstones of car carrier market.

The private application segment is the fastest-growing part of the car carrier market, energized by changing consumer tastes and increasing demand among consumers for individualized transportation services. Electricity enables private persons to purchase cars online and have them delivered to their doorstep by a car carrier. This trend has become particularly widespread in urban environments, where a car might not be convenient or too expensive to own. In such areas people often operate on auto-sharing or subscription bases. As gasoline and hybrid cars become ever more popular among private individuals, peace-of-mind on environmental issues should further increase demand for car carrier services in this private application segment. So this segment can be expected to continue its upward mobility with gusto, meaning good opportunities for car carrier providers to serve the burgeoning needs of individuals in car market.

• Business
• Private

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Carsharing Business Model Segment Analysis

According to Cognitive Market Research, in the car transport carrier market, what is known as a round trip business model enjoys a dominant position. This model of service has been adopted on an extensive scale by automotive manufacturers and logistics providers alike. This model is to take vehicles from the point of manufacture and transport them to points of sale or distribution, and then bring a carrier back empty (if necessary) to wherever it originated. For stakeholders round trip service provides efficiency and cost: a carrier both outbound and inbound transports, so the number of vehicles are set to increase dramatically, while total operating costs are reduced. In addition, round trip service models for better coordination and scheduling of vehicle deliveries which guarantees both punctual service levels and reliability for the automotive supply chain. With its proof of success and operational eminence, the round trip business model continues to win favor among many participants in the car transport carrier market.

One-way business models, however, have become a fount of growth for the car carrier market, such that they emerge now as the fastest-growing segment. This model requires the actual transport of cars from one point to another, without any requirement for return travel back to an original location. One-way service gives customers the flexibility and convenience they need, especially in scenarios like renting a car or relocating or cross-border shipping. As online sites multiply and the pattern of vehicle sales starts to move into in-situ transition to meet profoundly shifting patterns in consumer demand for (and expectations of) mobility, the requisites for one-way solutions have shown explosive growth. Further development of logistics systems technology and route optimization algorithms, however, are increasing the efficiency and scalability of one-way operations. This trend is helping foster growth in that portion of the car carrier market.

• Round trip
• One way

Carsharing Fuel Type Segment Analysis

According to Cognitive Market Research, the internal combustion engine vehicles (ICE) segment continues to be the dominant segment in the car carrier market, achieving stable performance in 2024. In spite of the increasing usage of electric vehicles--which are not serviced by standardized infrastructure and not yet wholly accepted by consumers themselves--ICE vehicles remain the most popular form of transport. Carriers that specialize in transporting ICE vehicles can take advantage of their broad availability and familiarity, and can expect ongoing demand from car manufacturers and distributors. What is more, these integrations of ICE vehicles with already-existent refueling infrastructure and long cruising ranges serve to further consolidate their status as the dominant segment within car carriers today.

The battery electric vehicle (BEV) segment is now the fastest growing segment in the car carrier market because it rides the global shift to sustainable transportation solutions. In 2024 BEV shipments soar as car makers plunk down large sums of money to manufacture electric vehicles and meet regulatory demands. Carriers that specialize in BEV transportation will benefit from this trend, and should expect new or expanded services to be added to their existing formulas. Furthermore, government incentives plus measures for popularizing electric vehicles help push the BEV segment within the car carrier market forward. This makes it a focus for those in the industry who wish to take advantage or gain control of emerging developments in sustainable mobility.

• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Internal Combustion Engine Vehicles

Carsharing Area Segment Analysis

According to Cognitive Market Research, in the car carrier market, intercity transportation emerges on top. This segment demands high levels of long distance transportation between major hub cities–and their centers for manufacturing–but just fine-tuned enough to maintain good supply lines. Shifting cars from the factory floor to dealers or port terminals will see a regular push of all cars onto the intercity segment. Intercity car carriers provide an efficient and reliable logistics solution, which ensures that transportation is quick and precise to match the demands of market buyers for automobiles thus providing a vital link in global automotive production networks. With established transport networks, efficient systems or considerable economies of scale, Intercity maintained its top dog status among Auto Carriers as a matter of course –enabling the necessary traffic connections and maintaining a check on raw materials supply giving backroad routes off peak hours for producers with timely production schedules who wanted their goods delivered.

Within car carriers the intracity segment turns out to be the fastest-growing. Last-mile logistics and urban mobility solutions remain an accelerating market segment, driven by rapidly rising user requirements for transport services that will fit today's world. As cities get larger and larger this "Town Begetting Town", it means that in the old centers of big metropolises, there is a need to develop quick and environmentally friendly ways of moving cars over such short distances. To satisfy this need, which intakes carrier delivers services appropriate to transport environmental context within a city. Therefore, it has to produce/tailor the car from dealers directly provide end users with a provi de serviceable vehicle facility or rent a location all within major cities where people both work and shop. With the rise of online platforms and car e-commerce, changing tastes in consumer consumption modes towards purchasing via mail order rather than direct sales coordinated with freight transportation logistics are making us a fortune. The intracity segment experiences rapid growth as a result of this trend. Establishing a localized door side delivery service for autos promises great potential profitability to operators of car carriers and other participants involved in vehicle transport and supply chain management.

• Intercity
• Intracity

Carsharing Mode of Booking Segment Analysis

According to Cognitive Market Research, the online mode of booking is occupying the market entirely with consummate performance and more or less universal adoption by both clients and agents.Booking availability, booking channels and service scope are during years of practice been around the province of the boss. Opening up routes for bulk shipments makes customer demand keep coming in virtual space Making it easy to ship cars anywhere in the world, supplier smart phone apps let you can go and book any time, day or night from your living room. As soon as digital technology enters the picture in booking procedures, transparency gets better (no unauthorized mayors or counsel), and administrative costs are goods. The customer smile gets broader Car carrier businesses now using e-booking systems are more effective and flexible, and this is perceived in capture fast-fragmenting market share and develop loyal customer bases. Console only, therefore, the currently dominant segment is online booking.

By contrast, the offline mode of booking is the segment that has grown fastest in the car carrier market. There are very specific consumer tastes and market dynamics behind the move. Despite the digitalization sweeping all sectors, there are still certain demographic segments or regions which prefer traditional ways of making bookings. This might be based on things like friendship with an agent, long running or personal trust or the operators used to this offline way of doing things specially take care of particular needs for example among established clients who tend not demand on-line solutions just yet. In some unstable markets with inadequate potential for industrial applications, moreover, offline booking is still the main way to get hold of customers by making full use of lowest resource input. Car carrier operators that serve these offline channels will find large growth opportunities in emerging markets with this information, and the kind of customers they acquire can be quickly expanded.

• Online
• Offline

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

LinkedIn

Profile

Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion