PowerDriver simulations predict thermoelectric exhaust waste heat recovery output of 300W, -2.5% in fuel consumption; prototyping begins
Smith Electric Vehicles signs LOI for Joint Venture in Taiwan; 5,000 vehicles in first 3 years

Navigant forecasts global carsharing services to grow to $6.2B by 2020

In a new report, Navigant Research projects that global carsharing services revenue will approach $1 billion in 2013 and grow to $6.2 billion by 2020, representing a compound annual growth rate (CAGR) of 30.9%.

North America and Europe will maintain their leading positions as the two largest carsharing markets, according to Navigant.

In 2012, approximately 1.8 million carsharing members were using services in 27 countries across 5 continents, according to the report. From an informal network of small companies and organizations, car sharing has grown to be driven by major multinational corporations. Strong partnerships have been forged between young carsharing companies, major well-established car rental agencies, top-tier automotive manufacturers, and a range of public institutions including municipalities, universities, and public transportation agencies.

Multiple factors are driving the growth of car-sharing, according to the report:

  • Urban congestion;
  • Shifting generational mindsets; and
  • Convergence of business models.


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)