What is the Car Sharing Providers industry?
The Car Sharing Providers industry is currently in the growth phase of its life cycle. Industry value added, which measures the industry's contribution to the economy, is forecast to grow at an annualised 23.9% over the 10 years through 2020-21. This represents a significant outperformance of overall GDP, which is forecast to rise at an annualised 2.6% over the same period.
There several key characteristics that have facilitated the industry's seemingly unstoppable growth, such as demand for convenience and cost-efficient alternatives, especially as transport becomes increasingly expensive. Given the industry is closely linked with internet and smartphone developments, any technological advances in these areas are likely to provide a boost to car sharing... purchase to read more