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Share this article Share this article ResearchAndMarkets.com's offering. The global car sharing market grew at a CAGR of around 8% during 2014-2019. Carsharing refers to a car rental service wherein individuals rent cars for a short time. It supports community transit, helps achieve environmental goals, decreases personal car ownership, reduces total distance traveled by the vehicle, improves urban land use and development, and provides affordable access to vehicles. At present, the rising need for cost-effective and convenient mobility services, in confluence with advancements in technology...

Car Sharing Market Research Report, Industry Trends, Share, Size, Demand and Future Scope 41 According to the IMARC Group, “ Carsharing” refers to a car rental service where individuals hire cars for a shorter period of time. It supports community transit, improves urban land use and development, decreases personal car ownership, helps in achieving environmental goals, and provides affordable access to vehicles. At present, the rising need for affordable and convenient mobility services, coupled with several technological advancements that facilitate simplified access to shared mobilit...