New research by Frost & Sullivan reveals that there were more than 0.7 million members in Europe alone who adopted car sharing as a sustainable transport solution for daily travelling at the end of 2011. Car OEMs as well as transport operators have started to get active in this market, increasing competition for already existing market players.
RSSNew research by Frost & Sullivan reveals that there were more than 0.7 million members in Europe alone who adopted car sharing as a sustainable transport solution for daily travelling at the end of 2011. Car OEMs as well as transport operators have started to get active in this market, increasing competition for already existing market players.
To understand, why not only Western Europe but also Central and Eastern Europe is keen to adopt car sharing, Frost & Sullivan will hold a complimentary web conference, entitled Growing Traditional and P2P Car sharing Services Key to Future of Urban Mobility in Europe, taking place on Wednesday, 25 July 2012, at 3:00 pm BST - email [email protected] for a registration link. Industry analyst Vishwas Shankar, will provide a strategic overview and analysis of the current and future of traditional as well as P2P car sharing services in Europe. He will present details on key markets, participants, market size, growth potential, drivers and restraints and inform about operator announcements regarding their upcoming car sharing programmes in the region.
“Traditional car sharing in Europe is expected to grow at a healthy 40 per cent CAGR from now to nearly 15 million members by 2020,” says Shankar. “While more than 200 traditional car sharing operators are key to the expansion of the market, focused entry and expansion by various transport operators and vehicle OEMs in specified European markets is important for an accelerated growth. Emerging new business models like one-way, flexible (station-less) as well as pay-per-use car sharing is expected to attract a value for many,” he concludes.
To understand, why not only Western Europe but also Central and Eastern Europe is keen to adopt car sharing, Frost & Sullivan will hold a complimentary web conference, entitled Growing Traditional and P2P Car sharing Services Key to Future of Urban Mobility in Europe, taking place on Wednesday, 25 July 2012, at 3:00 pm BST - email [email protected] for a registration link. Industry analyst Vishwas Shankar, will provide a strategic overview and analysis of the current and future of traditional as well as P2P car sharing services in Europe. He will present details on key markets, participants, market size, growth potential, drivers and restraints and inform about operator announcements regarding their upcoming car sharing programmes in the region.
“Traditional car sharing in Europe is expected to grow at a healthy 40 per cent CAGR from now to nearly 15 million members by 2020,” says Shankar. “While more than 200 traditional car sharing operators are key to the expansion of the market, focused entry and expansion by various transport operators and vehicle OEMs in specified European markets is important for an accelerated growth. Emerging new business models like one-way, flexible (station-less) as well as pay-per-use car sharing is expected to attract a value for many,” he concludes.
