Global Car Subscription Market Forecast 2021-2026

Publisher Name :
Date: 19-Jul-2021
No. of pages: 176

KEY FINDINGS

The global car subscription market is set to progress with a CAGR of 20.56% during the forecasted period of 2021 to 2026. The market growth is primarily attributed to key factors such as hassle-free experiences, financial viability, the flexibility of options, and increased popularity among the younger generation.

MARKET INSIGHTS

A car subscription gives the vehicle's possession to the individual for a monthly subscription fee. The subscription period is likely to differ from a month to over a year, based on the customer's requirements. Car subscriptions also offer the flexibility of swapping the vehicle for another car available under the company's subscription model.

A flexible car subscription service enables the individual to extend their subscription period or even return the vehicle before the expiration of the term with a specific penalty. This factor permits a subscriber to drive a varied range of vehicles. Furthermore, the flexibility of swapping vehicles appeals to 1 in 4 consumers. This mainly includes the Millennials and Gen Z, with approximately one-third of those groups indicating that they prefer driving various cars.

REGIONAL INSIGHTS

The global car subscription market growth assessment includes an in-depth analysis of the Asia-Pacific, North America, Europe, and the Rest of World. The Asia-Pacific is anticipated to develop with the highest CAGR during the forecasted years. The regional market's growth is predominantly credited to significant technological advancements within the transportation sector as well as the flexibility of the car subscription model.

COMPETITIVE INSIGHTS

The leading regional and global players operating in the market include OEMs and third party service providers. These companies heavily invest in the development of car subscription solutions and introduce better solutions into the market. In addition, the competition is intense among both global and domestic vendors. Therefore, the threat of rivalry within the global market is high.

Some of the key firms operating in the market are Avis Budget Group, Hertz Global, LMP Automotive Holdings, Enterprise Holdings, etc.

Our report offerings include:

- Explore key findings of the overall market

- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

- Market Segmentation cater to a thorough assessment of key segments with their market estimations

- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Global Car Subscription Market Forecast 2021-2026

Table Of Contents

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Market Scope
3.2. Key Drivers
3.2.1. Hassle-Free Experience
3.2.2. Flexibility Of Options
3.2.3. Financial Viability
3.2.4. Popularity Among Young Generation
3.3. Key Restraints
3.3.1. Willingness To Pay Above A Certain Limit
3.3.2. Control Over Insurance Preference
3.3.3. Reluctance To Choose Subscription Over Other Options
4. Key Analytics
4.1. Impact Of Covid-19 On Car Subscription Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
5. Market By Subscription Provider
5.1. Oem
5.2. Third Party Service Providers
6. Market By Subscription Period
6.1. 1 To 6 Months Subscription
6.2. 6 To 12 Months Subscription
6.3. Over 12 Months Subscription
7. Market By Type Of Vehicle
7.1. Electric Vehicle
7.2. Combustion-Based Vehicle
8. Market By User Type
8.1. Corporate User
8.2. Personal User
9. Geographical Analysis
9.1. North America
9.1.1. Market Size & Estimates
9.1.2. Key Growth Enablers
9.1.3. Key Challenges
9.1.4. Key Players
9.1.5. Country Analysis
9.1.5.1. United States
9.1.5.2. Canada
9.2. Europe
9.2.1. Market Size & Estimates
9.2.2. Key Growth Enablers
9.2.3. Key Challenges
9.2.4. Key Players
9.2.5. Country Analysis
9.2.5.1. United Kingdom
9.2.5.2. Germany
9.2.5.3. France
9.2.5.4. Spain
9.2.5.5. Rest Of Europe
9.3. Asia-Pacific
9.3.1. Market Size & Estimates
9.3.2. Key Growth Enablers
9.3.3. Key Challenges
9.3.4. Key Players
9.3.5. Country Analysis
9.3.5.1. China
9.3.5.2. Japan
9.3.5.3. India
9.3.5.4. South Korea
9.3.5.5. Australia
9.3.5.6. Rest Of Asia-Pacific
9.4. Rest Of World
9.4.1. Market Size & Estimates
9.4.2. Key Growth Enablers
9.4.3. Key Challenges
9.4.4. Key Players
9.4.5. Country Analysis
9.4.5.1. Latin America
9.4.5.2. Middle East & Africa
10. Competitive Landscape
10.1. Key Strategic Developments
10.1.1. Mergers & Acquisitions
10.1.2. Product Launches & Developments
10.1.3. Partnerships, Contracts/Agreements & Collaborations
10.1.4. Business Expansions
10.2. Company Profiles
10.2.1. Avis Budget Group
10.2.2. Drover Limited (Acquired By Cazoo Ltd)
10.2.3. Enterprise Holdings
10.2.4. Hertz Global
10.2.5. Hyundai Motor
10.2.6. Lmp Automotive Holdings
10.2.7. Maruti Suzuki India Limited
10.2.8. Nissan Motor Corporation
10.2.9. Porsche Automobil Holding Se
10.2.10. Sixt Se
10.2.11. Toyota Motor Corporation
10.2.12. Volvo Care

List Of Tables
Table 1: Market Snapshot - Car Subscription
Table 2: Global Car Subscription Market, By Subscription Provider, Forecast Years, 2021-2026 (In $ Million)
Table 3: Global Oem Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 4: Global Third Party Service Providers Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 5: Global Car Subscription Market, By Subscription Period, Forecast Years, 2021-2026 (In $ Million)
Table 6: Global 1 To 6 Months Subscription Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 7: Global 6 To 12 Months Subscription Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 8: Global Over 12 Months Subscription Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 9: Global Car Subscription Market, By Type Of Vehicle, Forecast Years, 2021-2026 (In $ Million)
Table 10: Global Electric Vehicle Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 11: Global Combustion-Based Vehicle Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 12: Global Car Subscription Market, By User Type, Forecast Years, 2021-2026 (In $ Million)
Table 13: Global Corporate User Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 14: Global Personal User Market, By Region, Forecast Years, 2021-2026 (In $ Million)
Table 15: Global Car Subscription Market, By Geography, Forecast Years, 2021-2026 (In $ Million)
Table 16: North America Car Subscription Market, By Country, Forecast Years, 2021-2026 (In $ Million)
Table 17: Key Players Operating In North America Car Subscription Market
Table 18: Europe Car Subscription Market, By Country, Forecast Years, 2021-2026 (In $ Million)
Table 19: Key Players Operating In Europe Car Subscription Market
Table 20: Asia-Pacific Car Subscription Market, By Country, Forecast Years, 2021-2026 (In $ Million)
Table 21: Key Players Operating In Asia-Pacific Car Subscription Market
Table 22: Rest Of World Car Subscription Market, By Country, Forecast Years, 2021-2026 (In $ Million)
Table 23: Key Players Operating In Rest Of World Car Subscription Market
Table 24: List Of Mergers & Acquisitions
Table 25: List Of Product Launches & Developments
Table 26: Partnerships, Contracts/Agreements & Collaborations
Table 27: List Of Business Expansions

List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Global Car Subscription Market, Growth Potential, By Subscription Provider, In 2020
Figure 6: Global Car Subscription Market, By Oem, 2021-2026 (In $ Million)
Figure 7: Global Car Subscription Market, By Third Party Service Providers, 2021-2026 (In $ Million)
Figure 8: Global Car Subscription Market, Growth Potential, By Subscription Period, In 2020
Figure 9: Global Car Subscription Market, By 1 To 6 Months Subscription, 2021-2026 (In $ Million)
Figure 10: Global Car Subscription Market, By 6 To 12 Months Subscription, 2021-2026 (In $ Million)
Figure 11: Global Car Subscription Market, By Over 12 Months Subscription, 2021-2026 (In $ Million)
Figure 12: Global Car Subscription Market, Growth Potential, By Type Of Vehicle, In 2020
Figure 13: Global Car Subscription Market, By Electric Vehicle, 2021-2026 (In $ Million)
Figure 14: Global Car Subscription Market, By Combustion-Based Vehicle, 2021-2026 (In $ Million)
Figure 15: Global Car Subscription Market, Growth Potential, By User Type, In 2020
Figure 16: Global Car Subscription Market, By Corporate User, 2021-2026 (In $ Million)
Figure 17: Global Car Subscription Market, By Personal User, 2021-2026 (In $ Million)
Figure 18: North America Car Subscription Market, Regional Outlook, 2020 & 2026 (In %)
Figure 19: United States Car Subscription Market, 2021-2026 (In $ Million)
Figure 20: Canada Car Subscription Market, 2021-2026 (In $ Million)
Figure 21: Europe Car Subscription Market, Regional Outlook, 2020 & 2026 (In %)
Figure 22: United Kingdom Car Subscription Market, 2021-2026 (In $ Million)
Figure 23: Germany Car Subscription Market, 2021-2026 (In $ Million)
Figure 24: France Car Subscription Market, 2021-2026 (In $ Million)
Figure 25: Spain Car Subscription Market, 2021-2026 (In $ Million)
Figure 26: Rest Of Europe Car Subscription Market, 2021-2026 (In $ Million)
Figure 27: Asia-Pacific Car Subscription Market, Regional Outlook, 2020 & 2026 (In %)
Figure 28: China Car Subscription Market, 2021-2026 (In $ Million)
Figure 29: Japan Car Subscription Market, 2021-2026 (In $ Million)
Figure 30: India Car Subscription Market, 2021-2026 (In $ Million)
Figure 31: South Korea Car Subscription Market, 2021-2026 (In $ Million)
Figure 32: Australia Car Subscription Market, 2021-2026 (In $ Million)
Figure 33: Rest Of Asia-Pacific Car Subscription Market, 2021-2026 (In $ Million)
Figure 34: Rest Of World Car Subscription Market, Regional Outlook, 2020 & 2026 (In %)
Figure 35: Latin America Car Subscription Market, 2021-2026 (In $ Million)
Figure 36: Middle East & Africa Car Subscription Market, 2021-2026 (In $ Million)
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