COVID-19: Car Sharing Market- Roadmap for Recovery|Stringent Government Regulations Regarding Emission Control to boost the Market Growth | Technavio
Technavio has been monitoring the car sharing market and it is poised to grow by USD 7.65 bn during 2020-2024, progressing at a CAGR of over 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
• What are the major trends in the market?
Growing adoption of urban mobility due to increasing traffic congestion and pollution is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.19% and the incremental growth of the market is anticipated to be $ 7.65 bn.
• Who are the top players in the market?
Beijing Xiaoju Technology Co. Ltd., BMW AG, Carshare Australia Pty Ltd., Cityhop, Communauto Inc., Lyft Inc., Mobility Cooperative, Modo Co-operative, Orix Corp., and Zipcar Inc., are some of the major market participants.
• What is the key market driver?
The stringent government regulations ...
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