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Car Sharing Providers in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Car Sharing Providers Market Research Report | Consumer Goods & Services | Travel Services | Jan 2016

Full speed ahead: The continued popularity of industry services drive strong growth

IBISWorld’s Car Sharing Providers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
GoGet Carshare GoGet Carshare market share
Hertz Hertz market share
JP Just Properties JP Just Properties market share
Industry Statistics & Market Size
Revenue
$70m
Annual Growth 11-16
25.7%
Annual Growth 16-21
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Profit
Purchase to read more
Employment
210
Businesses
16
Industry Analysis & Industry Trends

Over the past five years, the Car Sharing Providers industry has grown rapidly. This has been partly due to rising petrol prices and demand for cost-efficient and convenient inner-city transport. The industry has also greatly benefited from advances in mobile technology and the internet. These developments have provided industry operators with opportunities for growth and have led to their adoption of online bookings and car tracking technology. Over the five years through 2015-16, industry revenue is expected to grow at an annualised 25.7% to total $69.7 million. In 2015-16, revenue is forecast to grow by 24.5%, as consumers continue to be pressured by high petrol prices, inner-city traffic congestion and substantial vehicle upkeep costs... purchase to read more

Industry Report - Industry Investment Chapter

The Car Sharing Providers industry exhibits a high level of capital intensity. For every dollar paid as wages, an estimated $1.00 is spent on capital investment. The high level of capital intensity is in large part down to the depreciation of vehicles. The industry is based around the cars that generate short-term rental revenue. Industry operators have sought to reduce this cost by switching to more fuel-efficient small vehicles, which typically depreciate at a slower rate. At the same time, many industry operators upgrade vehicle fleets annually to keep vehicles new and up to date. Additionally, independent owners lease cars to smaller industry operators, thereby mitigating depreciation costs slightly... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Car Sharing Providers Industry?

Companies in this industry own or lease cars that people can rent for short periods of time, often by the hour. These companies are typically located in city centres and may offer membership.

Industry Products
Small and hybrid cars Medium and large cars SUVs and wagons Luxury carsVans and commercial vehicles
 
Industry Activities
Providing car share servicesProviding car share services


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