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 Products Chapter
Industry providers have a 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. There has also been some car manufacturers overseas which have invested in car share companies or are starting to provide their own car sharing or renting service.
Small and hybrid cars
By far the largest product segment, small and hybrid cars account for the majority of the industry. Despite this, the segment has declined as a share of industry revenue as other car types have emerged in car sharing. Vehicles in this category are the most fuel-efficient and therefore the most environmentally friendly... purchase to read more