Revved up: Revenue growth accelerates as entering operators drive up their share of the market

The Car Sharing Providers industry has grown at a rapid pace over the past five years, due to rising demand for cost-efficient and convenient inner-city transport. Rising levels of urbanisation have driven up traffic congestion, increased competition for parking spots and made it more difficult for consumers to purchase cars outright. The industry has also benefited from advances in mobile technology over the period, improving consumer accessibility to industry services. As a result, industry revenue is expected to grow at an annualised 26.2% over the five years through 2018-19, to reach $53.8 million. This includes projected growth of 22.6% in the current more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Rising demand for cost-efficient and convenient inner-city transport has driven revenue growth
  • Increasing urbanisation has contributed to increasing demand for the industry’s services
  • Industry enterprise numbers are expected to rise rapidly over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Car Sharing Providers industry displays a high level of market share concentration, with the four largest operators accounting for over 80% of industry revenue in 2018-19. Over the past five years, the number of enterprises in the industry has risen, with the industry becoming increasingly fragmented in the process. However, the industry's largest player, GoGet, has boosted its market share and expanded its position as market leader. Conversely, the industry's second largest operators, Hertz, has witnessed a contraction in its market share over the period. Overall, market share concentration has remained relatively stable over the past five years...purchase to read more.

    Additional Insights for the Car Sharing Providers Industry

    IBISWorld has determined the most important Key Success Factors for the Car Sharing Providers are:

  • Proximity to key markets
  • Ability to pass on cost increases
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Level of urbanisation and Retail petrol prices in the Car Sharing Providers industry impact industry performance..

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    What's in this report

    What is the Car Sharing Providers Industry?

    Operators in the industry own or lease cars that people can rent for short periods of time, often by the hour. These operators are typically located in city centres and sometimes offer membership. Peer-to-peer car sharing network operators are also included in the industry.

    Industry Products
  • Small and hybrid cars
  • Medium and large cars
  • SUVs and wagons
  • Luxury cars
  • Vans and other commercial vehicles
  • Industry Activities
  • Providing car share services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Level of urbanisation
  • Retail petrol prices
  • New passenger motor vehicle sales
  • Internet subscribers
  • Real household discretionary income

  • Current Performance
  • Industry structure
  • Urbanisation
  • Ownership and uptake
  • Internet technology
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry structure
  • Innovation
  • Urbanisation and regional expansion
  • Table: Car Sharing Providers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Car Sharing Providers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Motor Vehicle Body, Paint and Interior Repair
  • Motor Vehicle Dealers
  • Motor Vehicle Manufacturing
  • Motor Vehicle Wholesaling

  • Products & Services
  • Small and hybrid cars
  • Vans and other commercial vehicles
  • SUVs and wagons
  • Luxury cars
  • Medium and large cars
  • Chart: Car Sharing Providers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 18 to 34
  • Businesses
  • Consumers aged 35 to 54
  • Consumers aged 55 and over
  • Chart: Major Market Segmentation for the Car Sharing Providers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Car Sharing Providers

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Car Sharing Providers Industry

  • Industry Globalization
    Carshare Australia Pty Ltd, Hertz Investment (Holdings) Pty Limited,
  • Table: Carshare Australia Pty Ltd - financial performance
  • Table: Hertz Investment (Holdings) Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Car Sharing Providers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Car Sharing Providers Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Hybrid Vehicle
  • A vehicle that is powered through two or more sources of power. Common hybrids include petrol and electric hybrid vehicles.
  • Pod
  • A car sharing station or parking spot.
  • Suv
  • Stands for sports utility vehicle, which is similar to a station wagon and often has four-wheel-drive capabilities.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Car Sharing Providers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Car Sharing Providers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Car Sharing Providers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Car Sharing Providers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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