Top Companies in the Car Sharing Industry

Nov 29, 2022

Top Companies in the Car Sharing Industry

The global car sharing market size reached US$ 6.1 Billion in 2021. Carsharing is a car rental service wherein individuals rent cars for a short time. It helps passengers to save money, achieves environmental goals, reduces the total distance traveled by the vehicle, decreases personal car ownership, improves urban land use and development, and provides affordable access to vehicles. At present, the rising need for cost-effective and convenient mobility services and technological advancements that facilitate simplified access to shared mobility platforms is positively influencing market growth.

As per the analysis by IMARC Group, the top car sharing companies are introducing peer-to-peer (P2P) lending services, which allow private car owners to rent personal cars that are not in regular use to prospective renters as per their requirements. They are also collaborating with technology providers, such as EasyMile, Apple, and Google, to develop user-friendly applications for vehicle-sharing services. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2027, exhibiting a CAGR of 13.7% during the forecast period (2022-2027).

Top Car Sharing Industry

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Top Companies in the Car Sharing Industry

Cambio Mobilitätsservice GmbH & Co. KG

Establishment: 2000
Headquarters: Bremen, Germany
Website: https://www.cambio-carsharing.de/

Cambio Mobilitätsservice GmbH & Co. KG is one of the largest independent CarSharing providers with a fleet of more than 4200 cars in German and Belgian cities. The company was founded by independent CarSharing providers from Aachen, Bremen, and Cologne. Presently, the company offers 4200 vehicles that are used by more than 1,76,000 customers.

ShareNow (Car2Go Ltd.)

Establishment: 2019
Headquarters: Berlin, Germany
Website: https://www.share-now.com/ 

Share Now is a German carsharing company formed by the merger of DriveNow and Car2Go. Since 2022, it has been a subsidiary of the Free2Move division of Stellantis providing carsharing services in Europe and formerly in North America. Presently, the company has over 4 million registered members and a fleet of over 14,000 vehicles across Europe.

GoGet (CarShare) Carshare Australia Pty. Ltd.

Establishment: 2003
Headquarters:  Sydney, Australia
Website: https://www.goget.com.au/

GoGet CarShare is a car sharing service operating in Sydney, Melbourne, and Brisbane. It is operated by CarShare Australia and has developed a range of business and IT systems that enable the delivery of technical services, consulting, and on-the-ground car share facilities.  Formerly known as Newtown CarShare, the company was re-launched as GoGet, Australia’s first national car sharing network. Presently, it is operating in 20 local government areas in New South Wales, Queensland, South Australia, and Victoria.

Cityhop Ltd.

Establishment: 2007
Headquarters: Auckland, New Zealand
Website: https://www.cityhop.co.nz/   

Cityhop Ltd. is New Zealand’s first car sharing company. It allows individuals to book a car by web, app, or phone, unlocked with a Cityhop access card. It was bought by Toyota New Zealand in November 2018 and presently has 150 cars and vans across Auckland and Wellington, with over 10,000 members.

Communauto Inc.

Establishment: 1994
Headquarters: Quebec, Canada
Website: communauto.com  

Communato is the largest car sharing company in Canada and the oldest in North America. The company provides its services only across Canada, Alberta, Nova Scotia, Ontario, Quebec, and France. Recently, Communato has added electric cars to its fleet and has ordered 100 new electric cars, which would be additions and replacements for some of the 110 fully electric units currently in service.

Ekar FZ LLC

Establishment: 2016
Headquarters: Dubai, the United Arab Emirates
Website: https://ekar.app/

Ekar is the Middle East’s first and largest personal mobility company that provides users with on-demand access to thousands of carshare and subscription leasing vehicles and other mobility options through its ‘Super App.’ It allows customers to search, book, and unlock cars safely and securely for personal driving use through a smartphone app and installed technology in rental cars.

Getaround Inc.

Establishment: 2009
Headquarters: California, the United States
Website: https://www.getaround.com/        

Getaround is an online car sharing service that connects drivers who need to reserve cars with car owners who share their cars in exchange for payment. Presently, the company operates in more than 950 cities, including Chicago, San Francisco Bay Area, Philadelphia, Miami, Portland, Atlanta, San Diego, New Jersey, Los Angeles, Denver, and Washington D.C. The company recently announced a strategic partnership that integrates Getaround’s market-leading, contactless carsharing offerings with KAYAK’s platforms and services.

HOURCAR

Establishment: 2005
Headquarters: Minnesota, the United States
Website: https://hourcar.org/

HOURCAR is a local shared-mobility nonprofit organization. It connects people to their communities with equitable, convenient, and sustainable multimodal transportation. The company has a fleet of 50 hub-based hybrid, ICE, and shared electric vehicles in Minneapolis and Saint Paul. In addition, HOURCAR operates over 150 all-electric, renewably powered vehicles for the Evie Carshare service, which is a part of the EV Spot Network.

Lyft Inc.

Establishment: 2012
Headquarters: California, the United States
Website: https://www.lyft.com/

Lyft, Inc. is a marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer riders on-demand access to various mobility options. It connects drivers with riders for flexible car rental programs, Lyft Rentals provides vehicles for long-distance trips and provides a network of shared bikes and scooters in various cities. In addition, it offers access to centralized tools, autonomous vehicles, and enterprise transportation solutions.

Mobility Co-operative

Establishment: 1997
Headquarters: Rotkreuz, Switzerland
Website: https://www.mobility.ch/

Mobility carsharing Mobility was founded with the merger of the two Swiss car sharing co-operatives, AutoTeilet-Genossenschaft (ATG) and ShareCom. It provides its 2,45,000 customers with 2,950 vehicles in different vehicle categories across Switzerland. Currently, Mobility co-operative is continuously increasing its number of co-operative members and customers as well as adding more vehicles and sites.

Modo Co-operative

Establishment: 1997
Headquarters: Vancouver, Canada
Website: https://modo.coop/

MODO Co-Operative is an automobile rental and leasing network. It provides members with a stress-free ride, including gas, insurance, maintenance, and parking privileges. The company allows consumers to book their vehicle on the fly or up to a year in advance and switch between daily drives, mini-vans, EVs, or SUVs. Currently, the company has a fleet of over 700 vehicles.

Turo Inc. (ICA) 

Establishment: 2009
Headquarters: California, the United States
Website: https://turo.com/

Turo is the world’s largest car sharing marketplace. It allows private car owners to rent out their vehicles through an online and mobile interface at lower costs. It takes 10 to 40 percent of rental income, depending on the insurance coverage it provides the car owner. Presently, the company operates in more than 7000 cities across the United States, Canada, and the United Kingdom.

Avis Budget Group Inc. (Zipcar Inc.)

Establishment: 1946
Headquarters: New Jersey, the United States
Website: https://www.avis.co.in/

Avis Budget Group, Inc. provides car and truck rentals, car sharing, and allied products and services to businesses and consumers. It operates the Avis brand that offers vehicle rental and other mobility solutions to the commercial and leisure segments of the travel industry. The company also owns the Budget Truck brand, which is a local one-way truck and cargo van rental business with a fleet of 20,000 vehicles. In addition, the company acquired the Zipcar brand, a car sharing network, in 2013 to strengthen its foothold in the market.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects in the car sharing industry, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:

  • Market Research
  • Plant setup
  • Plant Expansion
  • Marketing and sales
  • Procurement and Distribution
  • Innovation and Product Development

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