Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Car Subscription Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global car subscription market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 17% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Car subscription refers to a fee-based service for automobile ownership with a fixed periodic recurrent payment. The subscription plan enables the user to acquire a motor vehicle in return for a monthly fee for a duration of minimum one month to a few years. It also provides facilities of multiple switches of the subscribed car from different brands and covers additional vehicle expenses, such as insurance and maintenance. In comparison to owning a vehicle, subscription models are more cost-effective, have no down payments and can be used for both internal combustion engine (ICE) and electric vehicles.

Car Subscription Market Trends:

Rapid digitization of the automotive industry across the globe is one of the key factors driving the market growth. With the increasing availability of high-speed internet and utilization of smartphone applications, car subscription service providers are offering online and offline-based platforms to facilitate convenient booking, pick up and drop and maintenance activities. Moreover, as the coronavirus disease (COVID-19) continues to spread, consumers are minimizing the usage of public transport facilities, such as metro, taxis and buses, and adopting car subscription services to travel in private vehicles. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. These innovative technologies provide real-time tracking, consumer feedback, driving analysis, alerts of rash driving, geofencing, engine monitoring and service history facilities. Other factors, including rising expenditure capacities of the consumers, along with extensive infrastructural developments, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global car subscription market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, service providers, vehicle type, subscription period and end use.

Breakup by Service Providers:

  • OEMs and Captives
  • Independent/Third Party Service Provider
     

Breakup by Vehicle Type:

  • IC Powered Vehicle
  • Electric Vehicle
     

Breakup by Subscription Period:

  • 1 to 6 Months
  • 6 to 12 Months
  • More Than 12 Months
     

Breakup by End Use:

  • Private
  • Corporate
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Carly Holdings Limited, Cluno GmbH (Cazoo Limited), Cox Enterprises Inc., Facedrive Inc., Lyft Inc., Onto Ltd., OpenRoad Auto Group, The Hertz Corporation, Wagonex Limited and ZoomCar.

 

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Car Subscription Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service Providers
    6.1    OEMs and Captives
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Independent/Third Party Service Provider
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Vehicle Type
    7.1    IC Powered Vehicle
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Electric Vehicle
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Subscription Period
    8.1    1 to 6 Months
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    6 to 12 Months
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    More Than 12 Months
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by End Use
    9.1    Private
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Corporate
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Carly Holdings Limited
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Cluno GmbH (Cazoo Limited)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Cox Enterprises Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 SWOT Analysis
        15.3.4    Facedrive Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Lyft Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Onto Ltd.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    OpenRoad Auto Group
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    The Hertz Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Wagonex Limited
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    ZoomCar
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Car Subscription Market: Major Drivers and Challenges
Figure 2: Global: Car Subscription Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Car Subscription Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Car Subscription Market: Breakup by Service Providers (in %), 2020
Figure 5: Global: Car Subscription Market: Breakup by Vehicle Type (in %), 2020
Figure 6: Global: Car Subscription Market: Breakup by Subscription Period (in %), 2020
Figure 7: Global: Car Subscription Market: Breakup by End Use (in %), 2020
Figure 8: Global: Car Subscription Market: Breakup by Region (in %), 2020
Figure 9: Global: Car Subscription (OEMs and Captives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Car Subscription (OEMs and Captives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Car Subscription (Independent/Third Party Service Provider) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Car Subscription (Independent/Third Party Service Provider) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Car Subscription (IC Powered Vehicle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Car Subscription (IC Powered Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Car Subscription (Electric Vehicle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Car Subscription (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Car Subscription (1 to 6 Months) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Car Subscription (1 to 6 Months) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Car Subscription (6 to 12 Months) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Car Subscription (6 to 12 Months) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Car Subscription (More Than 12 Months) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Car Subscription (More Than 12 Months) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Car Subscription (Private) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Car Subscription (Private) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Car Subscription (Corporate) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Car Subscription (Corporate) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: North America: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Canada: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Canada: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia-Pacific: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia-Pacific: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: China: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: China: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Japan: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Japan: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: South Korea: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: South Korea: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Australia: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Australia: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Indonesia: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Indonesia: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Europe: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Europe: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Germany: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Germany: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: France: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: France: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: United Kingdom: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: United Kingdom: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Italy: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Italy: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Spain: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Spain: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Russia: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Russia: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Latin America: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Latin America: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Brazil: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Brazil: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Mexico: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Mexico: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Middle East and Africa: Car Subscription Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Middle East and Africa: Car Subscription Market: Breakup by Country (in %), 2020
Figure 75: Middle East and Africa: Car Subscription Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Global: Car Subscription Industry: SWOT Analysis
Figure 77: Global: Car Subscription Industry: Value Chain Analysis
Figure 78: Global: Car Subscription Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Car Subscription Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Car Subscription Market Forecast: Breakup by Service Providers (in Million US$), 2021-2026
Table 3: Global: Car Subscription Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 4: Global: Car Subscription Market Forecast: Breakup by Subscription Period (in Million US$), 2021-2026
Table 5: Global: Car Subscription Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 6: Global: Car Subscription Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Car Subscription Market: Competitive Structure
Table 8: Global: Car Subscription Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Question Answered in this Report

We expect the global car subscription market to exhibit a CAGR of 17% during 2021-2026.
 

The growing adoption of online and offline-based platforms for convenient booking, pick up and drop, and maintenance activities is primarily driving the global car subscription market.
 

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of car subscription services by the consumers to travel in private vehicles rather than using public transport facilities, such as metro, train, buses, etc.
 

Based on the service providers, the global car subscription market has been segmented into OEMs and captives and independent/third party service provider. Currently, OEMs and captives hold the majority of the total market share.
 

Based on the vehicle type, the global car subscription market can be divided into IC powered vehicle and electric vehicle, where IC powered vehicle currently exhibits a clear dominance in the market.
 

Based on the subscription period, the global car subscription market has been categorized into 1 to 6 months, 6 to 12 months, and more than 12 months. Among these, 6 to 12 months currently account for the majority of the global market share.
 

Based on the end use, the global car subscription market can be segmented into private and corporate. Currently, the corporate sector accounts for the largest market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market. 
 

Some of the major players in the global car subscription market include Carly Holdings Limited, Cluno GmbH (Cazoo Limited), Cox Enterprises Inc., Facedrive Inc., Lyft Inc., Onto Ltd., OpenRoad Auto Group, The Hertz Corporation, Wagonex Limited, and ZoomCar.
 

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

India E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Asia Pacific OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Automotive Logging Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

One Wheel Electric Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Smart Mobility Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links