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 Products Chapter
Industry providers currently have a limited selection of vehicles across various categories, based mainly on size and utility. The range of vehicles on offer is expected to increase over the next five years as operators negotiate more deals with car manufacturers and wholesalers.
Small and hybrid cars
By far the largest product segment, small and hybrid cars are estimated to account for 60.0% of industry revenue in 2014-15. Despite this, this segment has declined as a share of the industry as newer segments have emerged. Vehicles in this category are the most fuel-efficient and therefore the most environmentally friendly. In addition, small vehicles are the most convenient for inner-city commuting and parking... purchase to read more