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Worldwide Car Subscription Industry to 2027 - Development of Strong Digital Platform to Operate the Services Effectively Presents Opportunities - ResearchAndMarkets.com

·3-min read

The "Car Subscription Market by Service Provider, Vehicle Type, End Use and Subscription Period: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Car subscription service is the new generation vehicle ownership model, which allows to opt the vehicle with the fixed fee, particularly for less than two years and more than 1 month. Car subscription providers also provide the maintenance and insurance expenses along with option for multiple switches of the vehicle as per the contract between service provider and car subscription consumer. Car subscription services only includes the services opted for the passenger cars includes compact, mid-size, SUV vehicles propelled by IC engine or electric powertrain. Number of market participants operating in the global market is large and it is difficult to be consolidate the market as these players are operating in the domestic regions only.

This report analyzes the car subscription market on the basis of service providers, vehicle type, end use, and subscription period. By region, the market is segmented across North America, Europe, Asia-Pacific, and LAMEA. This report further outlines current trends, key driving factors, and key area of investment. In addition, the report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key market players to increase their market share and sustain tense competition in the industry.

Daimler AG, Drover Limited, Facedrive Inc., Fair Financial Corp., OpenRoad Auto Group, Porsche AG, Primemover Mobility Technologies Pvt Ltd., The Hertz Corporation, Toyota Motor Corporation, and Volvo Car Corporation are some of the leading key players operating in the car subscription market.

Key Benefits

  • This study presents analytical depiction of the global car subscription market along with the current trends and future estimations to depict the imminent investment pockets.

  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.

  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.

  • Porter's five forces analysis illustrates the potency of the buyers and suppliers.

Market Dynamics

Drivers

  • Flexibility, Affordability, and Convenience of Car Subscription

  • Benefits Over Leasing are Propelling the Car Subscription Market

Restraints

  • Well-Established and Dominance of Vehicle Leasing, Rental, and Sharing Market

  • the Leasing Model is Cost-Efficient Compared to Subscription Schemes

Opportunities

  • Entering into Strategic Partnership with Automakers to Gain Competitive Advantage

  • Development of Strong Digital Platform to Operate the Services Effectively

  • Expansion of Dealer Network to Better Reach or Effective Provide Services

Key Players

  • Daimler AG

  • Drover Limited

  • Facedrive Inc.

  • Fair Financial Corp.

  • OpenRoad Auto Group

  • Porsche AG

  • Primemover Mobility Technologies Pvt Ltd

  • The Hertz Corporation

  • Toyota Motor Corporation

  • Volvo Car Corporation

For more information about this report visit https://www.researchandmarkets.com/r/880ion

View source version on businesswire.com: https://www.businesswire.com/news/home/20210518005574/en/

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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

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