Global Carpool Market Trends, Strategies and Opportunities in Carpool Market 2021-2030
The Business Research Company Global Carpooling Market Report 2021: COVID-19 Growth and Change
LONDON, GREATER LONDON, UK, September 23, 2021 /EINPresswire.com/ – According to the new market research report “Carpooling Global Market Report: COVID-19 Growth And Change” released by The Business Research Company, the market of ridesharing is expected to grow from $ 13.06 billion in 2020 to $ 20.56 billion in 2021 at a compound annual growth rate (CAGR) of 57.4%. The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 35.29 billion in 2025 at a CAGR of 14%. Government initiatives aimed at minimizing carbon emissions are likely to stimulate the carpooling market.
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The carpooling market includes the sales of carpooling, also known as shared mobility, which is the most technologically advanced transportation system that allows users to book a short distance trip according to their needs. Sales consist of income generated by establishments that are primarily engaged in car reservation through online ridesharing and app-based ridesharing platforms.
Global carpooling market trends
Automakers are increasingly venturing into mobility services to meet the growing demand for ridesharing services. For example, the major automakers, namely BMW and Daimler, merged their carsharing businesses to expand geographically in 2018. Likewise, in February 2020, Tesla announced plans to launch a ridesharing app. Automakers investing in ridesharing apps will help the market grow.
Global carpooling market segments:
The global carpooling market is further segmented on the basis of type, application, car type, and geography.
By type: online carpooling platforms, app-based carpooling
By Application: Businesses, Individuals, Schools, Others
By type of car: Economy, Executive, Luxury
By Geography: The global carpooling market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The 2021 Global Carpooling Market report is part of a series of new reports from The Business Research Company that provides ridesharing market overviews, analysis and forecast on the carpooling market size and growth, share of the carpooling market, the players in the carpooling market, the segments of the carpooling market and the geographies, turnover, profiles and market shares of the main competitors in the carpooling market. The Carpool Market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read The Business Research Company’s 2021 Global Rideshare Market Report for insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Carpool market organizations covered: Didi Chuxing, Dida Chuxing, Uber, Via Transportation, Lyft Line, Waze Carpool, Zimride, Carma, Scoop Technologies, Splitting Fares, Wunder Carpool, BlaBlaCar, Karos, Grab, Ryde, Ola, SRide, Meru Carpool, Car2Go Ltd., Cambio CarSharing, Ridejoy, Getaround, JustShareIt, Zimride.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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