Global Car Subscription Market to Reach US$ 9.38 Billion by 2027, Impelled by Rising Awareness Among Masses

September 06, 2022

According to the latest report by IMARC Group, titled "Car Subscription Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global car subscription market to reach a value of US$ 3.1 Billion in 2021. Car subscription refers to a service model that offers customers full access to cars on a fixed periodic recurrent payment. It is a fee-based business model that grants subscribers complete access to the car without having to pay monthly EMIs and heavy down payments, insurance or maintenance fees. Instead, it covers all charges, including roadside assistance, on an all-inclusive monthly fee. Additionally, it is a hassle-free mobility solution that provides users the freedom and flexibility to drive their favorite car without the need of buying it while offering facilities of multiple switches of the subscribed car from different brands.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Car Subscription Market Trends:

The global market is primarily driven by rapid urbanization. Coupled with the inflating disposable income levels of the masses and the rising awareness regarding car subscription services among individuals, this is creating a positive market outlook. With the penetration of high-speed internet connectivity and the increasing adoption of smartphones on account of rapid digitization, this has impelled the global car subscription market. In addition to this, numerous leading players are heavily investing in offering convenient services, such as easy booking, drop and pickup and maintenance activities, in an attempt to strengthen their market position, thereby providing a boost to the demand. Apart from this, continual technological advancements, such as the integration of these services with global positioning systems (GPS) to provide real-time tracking solutions, are impacting the market growth favorably. Other factors, including the continuous improvements in the tourism industry, increasing strategic partnerships with automakers, the expansion of dealer networks to better provide services and the development of strong digital platforms to operate the services effectively, are also contributing to the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 9.8 Billion by 2027, growing at a CAGR of 21.1% during 2022-2027.

Market Summary:

  • On the basis of the service provider, the market has been segmented into OEMs and captives and independent/third party service provider.
  • Based on the vehicle type, the market has been segregated into IC powered vehicle and electric vehicle.
  • On the basis of the subscription period, the market has been classified into 1 to 6 months, 6 to 12 months, and more than 12 months.
  • Based on the end-use, the market has been categorized into private and corporate.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. 
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players are 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.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

USA: +1-631-791-1145
Follow us on twitter : @imarcglobal

Global Car Subscription Market to Reach US$ 9.38 Billion by 2027, Impelled by Rising Awareness Among Masses
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More