Industry Analysis & Industry Trends
Over the past five years, the Car Sharing Providers industry has grown rapidly. This has been partly due to growth in world crude oil prices and demand for cost-efficient and convenient inner-city transport. The industry has also greatly benefited from advancements in mobile technology and the internet. This has resulted in industry operators' strong dependency on online bookings and car tracking. Over the five years through 2014-15, industry revenue is expected to grow at an annualised 26.8% to total $55.7 million. In 2014-15, revenue is forecast to grow by 25.2% as consumers continue to be pressured by high petrol prices, congested inner-city traffic and substantial vehicle upkeep costs. The entrance of new players is expected to provide a substantial boost to the industry... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Car Sharing Providers industry has a medium level of concentration. The top four players are expected to account for about 50.0% of industry revenue in 2014-15. Over the past five years, the industry has become more fragmented given the rapid pace of entry by new players. At the start of the period, there was a much higher level of concentration due to the limited number of companies that operated.
Over the next five years, the industry will become less concentrated as more enterprises enter the market. As the industry reaches critical mass, merger and acquisition activity will rise, with the 2010 acquisition of Flexicar by Hertz a sign of what is to come... purchase to read more