Industry Analysis & Industry Trends
Over the past five years, the Car Sharing Providers industry has grown rapidly. This has been partly due to the continual climb of world crude oil prices and the 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 strong dependency by industry operators on online bookings and car tracking. Over the five years through 2013-14, industry revenue is expected to grow at an annualised 25.0% to total $43.1 million. In 2013-14, revenue is forecast to grow by 18.7% as consumers continue to be pressured by high petrol prices, congested inner-city traffic and substantial vehicle upkeep costs... 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 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. 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. Cost saving, environmental awareness and convenience are the main selling points of the industry, so this segment is the largest... purchase to read more