The Car Pooling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Car Pooling Global Market Report
2024, The car pooling market size has grown rapidly in recent years. It will
grow from $9.64 billion in 2023 to $11.15 billion in 2024 at a compound annual
growth rate (CAGR) of 15.7%. The growth
in the historic period can be attributed to oil crises impact, rise of
environmental awareness, urbanization trends, early ride-sharing initiatives,
rising congestion, corporate carpooling programs.
The car pooling market size is expected to see rapid growth in the next few
years. It will grow to $17.62 billion in 2028 at a compound annual growth rate
(CAGR) of 12.1%. The growth in the forecast period can be attributed to
expansion of ride-sharing services, integration of autonomous vehicles, demand
for sustainable mobility, corporate and workplace initiatives, regulatory
support and policies. Major trends in the forecast period include
micro-mobility integration, emergence of ride-sharing platforms, demand for
sustainable transport, integration of ai and routing algorithms, corporate
carpooling solutions.
Government initiatives to minimise carbon emissions are likely to drive the
carpooling market. Major metropolitan cities have traffic congestion with an
increase in vehicle density on the roads, increasing carbon emissions. For
instance, cities such as New York, Seoul, and Shanghai are among the top 10
cities with the highest carbon footprint. In an attempt to curb emissions,
governments and companies are encouraging car-pooling to commute in the cities.
In the Paris agreement on climate change, countries have set determined targets
for carbon footprint reduction by 2030. For instance, the Delhi government in
India has introduced an odd-even scheme to control the traffic density and keep
a check on carbon emissions in the city. Corporates such as Amazon and Infosys
are also encouraging car-pooling to commute to workplaces to reduce congestion
and air pollution. The initiatives to keep a check on carbon emissions thereby
contribute to the growth of the carpooling market.
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The car pooling market covered in this report is segmented –
1) By Type: Online Carpooling Platforms, App-based Carpooling
2) By Car Type: Economy, Executive, Luxury
3) By Application: Businesses, Individuals, Schools, Other Applications
Automobile manufacturers are increasingly venturing into mobility services to
cater to the growing demand for car-pooling services. For instance, major
automobile manufacturers, namely BMW and Daimler, have merged their car-sharing
ventures to expand geographically. Similarly, in February 2020, Tesla announced
plans to launch a ride-sharing application. Automakers' investing in carpooling
applications will contribute to the growth of the market.
The car pooling market report table of contents includes:
1. Executive Summary
2. Car
Pooling Market Characteristics
3. Car
Pooling Market Trends And Strategies
4. Car
Pooling Market - Macro Economic Scenario
5. Global
Car Pooling Market Size and Growth
.
32. Global Car Pooling Market Competitive Benchmarking
33. Global
Car Pooling Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Car Pooling Market
35. Car
Pooling Market Future Outlook and Potential Analysis
36.
Appendix
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