Carsharing schemes expect increase
- May 10, 2018
- Posted by: Simon Wait
- Category: Industry News
The overall carsharing vehicle scheme is expected to expand from 983,000 in 2017 to 123,700 in 2018, driven by motorists’ desire to use alternative modes of transport, the rise in employee mobility options and environmental concerns.
Existing providers of recent mobility solutions like carsharing, ridesharing, ridehailing, on-demand responsive shuttles, and integrated mobility are already scaling its operations through consolidations and partnerships. This trend is illustrated by the latest example of BMW and Daimler merging their carsharing units to become the global market leader, commanding over 30% of the overall carsharing market.
Smaller players are trying to retain their market share by either forging partnerships with bigger players or by expanding their business models. New synergies in the market are fostering converged mobility solutions, creating a new space for mobility integrators and Mobility-as-a-Service providers.
‘The highly dynamic market for new mobility solutions is expected to follow an emergent growth paradigm that leverages novel business models, sectoral partnerships, and consolidations,” said Geraldine Priya, mobility team lead at Frost & Sullivan. ‘As business models diversify, we will see substantial investments in electric vehicle (EV) and autonomous vehicle (AV) pilots. Indeed, the ranks of operators offering self-driving cars for ridehailing services are swelling, with Waymo following Uber and Lyft into this market.’