Report Description

Global car subscription market is anticipated to grow at a significant CAGR during the forecast period. Car subscription includes multiple switches of subscribed car and additional car expenses comprising of maintenance and insurance costs owned by the service provider. Car subscription consists of benefits over car leasing services with additional advantages such as convenience of availing car, flexibility in car usage, and cost-effective nature of subscription services.

Repair costs, taxes, license fees, maintenance costs, insurance costs and other additional charges are handled by car subscription service providers which is not in case of car leasing services. Easy availability of the facility to change a vehicle and use a car for short duration are fostering the demand for car subscription market across the globe. Premium automobile brands are able to get potential customers through car subscription services who were not able to afford the cars and may have bought those cars later in their life.

Customers can switch between different models after their subscription period is over. Introduction of new mobility concepts and rising demand for electric and autonomous vehicles is bolstering the global car subscription market growth. Development of e-commerce channels and promotion of digital initiatives by leading authorities to support online payment options is enabling consumers to avail car subscription services at the global level.

Global car subscription market is segmented into service provider, subscription type, subscription period, end use, propulsion type, regional distribution, and company. Based on regional analysis, Europe followed by North America is expected to dominate the market for the forecast period, 2023-2027. Presence of key players in the region is the major factor for high market demand in the region. Growing demand for car subscription services and shared mobility is fueling the growth of global car subscription market.

The major players operating in the global car subscription market are Drover Limited, Fair Financial Corp., OpenRoad Auto Group, Facedrive Inc., DAIMLER AG, Toyota Motor Corporation, Volvo Car Corporation, Porsche Smart Monility, Inc, Hyundai Motor Company, Fresh Car, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

  • To analyze the historical growth in the market size of global car subscription market from 2017 to 2021.
  • To estimate and forecast the market size of global car subscription market from 2022 to 2027 and growth rate until 2027.
  • To classify and forecast global car subscription market based on service provider, subscription period, subscription type, end use, propulsion type, region, and company.
  • To identify dominant region or segment in the global car subscription market.
  • To identify drivers and challenges for global car subscription market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global car subscription market.
  • To identify and analyze the profile of leading players operating in global car subscription market.
  • To identify key sustainable strategies adopted by market players in global car subscription market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global car subscription market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Car subscription service provider companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to car subscription market.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

  • Service Provider
  • Subscription Period
  • End Use
  • Propulsion Type

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Malaysia; Germany; France; United Kingdom; Spain; Italy; Russia; Turkey; Poland; Slovakia; Czech Republic; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Qatar; Kuwait

Key Companies Profiled

Drover Limited, Fair Financial Corp., OpenRoad Auto Group, Facedrive Inc., DAIMLER AG, Toyota Motor Corporation, Volvo Car Corporation, Porsche Smart Monility, Inc, Hyundai Motor Company, Fresh Car.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global car subscription market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Global Car Subscription Market, By Service Provider:

    • OEM/Captives
    • Mobility Provider
    • Technology Companies
  • Global Car Subscription Market, By Subscription Period:
    • 1 to 6 Months
    • 6 to 12 Months
    • More than 12 Months
  • Global Car Subscription Market, By Subscription Type:
    • Single Brand (Single Brand Swap)
    • Multi Brand
  • Global Car Subscription Market, By End Use:
    • Private
    • Corporate
  • Global Car Subscription Market, By Propulsion Type:
    • ICE
    • EV
  • Global Car Subscription Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Russia
      • Turkey
      • Poland
      • Slovakia
      • Czech Republic
    • Asia-Pacific

§  India

§  China

§  Japan

§  South Korea

§  Australia

§  Malaysia

o   Middle East & Africa

      • South Africa
      • UAE
      • Saudi Arabia
      • Qatar
      • Kuwait
    • South America

§  Brazil

§  Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global car subscription market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global car subscription market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Car Subscription Market

5.    Voice of Customer

6.    Global Car subscription Market Overview

7.    Global Car Subscription Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Service Provider (OEM/Captives, Mobility Provider, Technology Companies)

7.2.2.     By Subscription Period (1 to 6 Months, 6 to 12 Months, and More than 12 Months)

7.2.3.     By Subscription Type [Single Brand (Single Brand Swap), Multi Brand]

7.2.4.     By End Use (Private, Corporate)

7.2.5.     By Propulsion Type (ICE, EV)

7.2.6.     By Region (North America; Europe & CIS; Asia Pacific; South America and Middle East & Africa)

7.2.7.     By Company (2021)

7.3.  Product Market Map (By Service Provider, By Subscription Period, By Subscription Type, By End Use, By Propulsion Type, By Region)

8.    North America Car Subscription Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Service Provider

8.2.2.     By Subscription Period

8.2.3.     By Subscription Type

8.2.4.     By End Use

8.2.5.     By Propulsion Type

8.2.6.     By Country (United States; Canada; Mexico)

8.3.  Product Market Map (By Service Provider, By Subscription Period, By Subscription Type, By End Use, By Propulsion Type, By Country)

8.4.  North America: Country Analysis

8.4.1.     United States Car Subscription Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Service Provider

8.4.1.2.2.             By Subscription Period

8.4.1.2.3.             By Subscription Type

8.4.1.2.4.             By End Use

8.4.1.2.5.             By Propulsion Type

8.4.2.     Canada Car Subscription Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Service Provider

8.4.2.2.2.             By Subscription Period

8.4.2.2.3.             By Subscription Type

8.4.2.2.4.             By End Use

8.4.2.2.5.             By Propulsion Type

8.4.3.     Mexico Car Subscription Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Service Provider

8.4.3.2.2.             By Subscription Period

8.4.3.2.3.             By Subscription Type

8.4.3.2.4.             By End Use

8.4.3.2.5.             By Propulsion Type

9.    Asia Pacific Car Subscription Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Service Provider

9.2.2.     By Subscription Period

9.2.3.     By Subscription Type

9.2.4.     By End Use

9.2.5.     By Propulsion Type

9.2.6.     By Country (China, India, Japan, South Korea, Australia, Malaysia and Rest of Asia Pacific)

9.3.  Product Market Map (By Service Provider, By Subscription Period, By Subscription Type, By End Use, By Propulsion Type, By Country)

9.4.  Asia Pacific: Country Analysis

9.4.1.     China Car Subscription Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Service Provider

9.4.1.2.2.             By Subscription Period

9.4.1.2.3.             By Subscription Type

9.4.1.2.4.             By End Use

9.4.1.2.5.             By Propulsion Type

9.4.2.     India Car Subscription Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Service Provider

9.4.2.2.2.             By Subscription Period

9.4.2.2.3.             By Subscription Type

9.4.2.2.4.             By End Use

9.4.2.2.5.             By Propulsion Type

9.4.3.     Japan Car Subscription Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Service Provider

9.4.3.2.2.             By Subscription Period

9.4.3.2.3.             By Subscription Type

9.4.3.2.4.             By End Use

9.4.3.2.5.             By Propulsion Type

9.4.4.     South Korea Car Subscription Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Service Provider

9.4.4.2.2.             By Subscription Period

9.4.4.2.3.             By Subscription Type

9.4.4.2.4.             By End Use

9.4.4.2.5.             By Propulsion Type

9.4.5.     Australia Car Subscription Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Service Provider

9.4.5.2.2.             By Subscription Period

9.4.5.2.3.             By Subscription Type

9.4.5.2.4.             By End Use

9.4.5.2.5.             By Propulsion Type

9.4.6.     Malaysia Car Subscription Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Value

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Service Provider

9.4.6.2.2.             By Subscription Period

9.4.6.2.3.             By Subscription Type

9.4.6.2.4.             By End Use

9.4.6.2.5.             By Propulsion Type

10.  Europe & CIS Car Subscription Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Service Provider

10.2.2.  By Subscription Period

10.2.3.  By Subscription Type

10.2.4.  By End Use

10.2.5.  By Propulsion Type

10.2.6.  By Country (Germany, France, United Kingdom, Spain, Italy, Russia, Turkey, Poland, Slovakia, Czech Republic and Rest of Europe)

10.3.              Product Market Map (By Service Provider, By Subscription Period, By Subscription Type, By End Use, By Propulsion Type, By Country)

10.4.              Europe: Country Analysis

10.4.1.  Germany Car Subscription Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Service Provider

10.4.1.2.2.           By Subscription Period

10.4.1.2.3.           By Subscription Type

10.4.1.2.4.           By End Use

10.4.1.2.5.           By Propulsion Type

10.4.2.  France Car Subscription Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Service Provider

10.4.2.2.2.           By Subscription Period

10.4.2.2.3.           By Subscription Type

10.4.2.2.4.           By End Use

10.4.2.2.5.           By Propulsion Type

10.4.3.  United Kingdom Car Subscription Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Service Provider

10.4.3.2.2.           By Subscription Period

10.4.3.2.3.           By Subscription Type

10.4.3.2.4.           By End Use

10.4.3.2.5.           By Propulsion Type

10.4.4.  Spain Car Subscription Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Service Provider

10.4.4.2.2.           By Subscription Period

10.4.4.2.3.           By Subscription Type

10.4.4.2.4.           By End Use

10.4.4.2.5.           By Propulsion Type

10.4.5.  Italy Car Subscription Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Service Provider

10.4.5.2.2.           By Subscription Period

10.4.5.2.3.           By Subscription Type

10.4.5.2.4.           By End Use

10.4.5.2.5.           By Propulsion Type

10.4.6.  Russia Car Subscription Market Outlook

10.4.6.1.      Market Size & Forecast

10.4.6.1.1.           By Value

10.4.6.2.      Market Share & Forecast

10.4.6.2.1.           By Service Provider

10.4.6.2.2.           By Subscription Period

10.4.6.2.3.           By Subscription Type

10.4.6.2.4.           By End Use

10.4.6.2.5.           By Propulsion Type

10.4.7.  Turkey Car Subscription Market Outlook

10.4.7.1.      Market Size & Forecast

10.4.7.1.1.           By Value

10.4.7.2.      Market Share & Forecast

10.4.7.2.1.           By Service Provider

10.4.7.2.2.           By Subscription Period

10.4.7.2.3.           By Subscription Type

10.4.7.2.4.           By End Use

10.4.7.2.5.           By Propulsion Type

10.4.8.  Poland Car Subscription Market Outlook

10.4.8.1.      Market Size & Forecast

10.4.8.1.1.           By Value

10.4.8.2.      Market Share & Forecast

10.4.8.2.1.           By Service Provider

10.4.8.2.2.           By Subscription Period

10.4.8.2.3.           By Subscription Type

10.4.8.2.4.           By End Use

10.4.8.2.5.           By Propulsion Type

10.4.9.  Slovakia Car Subscription Market Outlook

10.4.9.1.      Market Size & Forecast

10.4.9.1.1.           By Value

10.4.9.2.      Market Share & Forecast

10.4.9.2.1.           By Service Provider

10.4.9.2.2.           By Subscription Period

10.4.9.2.3.           By Subscription Type

10.4.9.2.4.           By End Use

10.4.9.2.5.           By Propulsion Type

10.4.10. Czech Republic Car Subscription Market Outlook

10.4.10.1.    Market Size & Forecast

10.4.10.1.1.        By Value

10.4.10.2.    Market Share & Forecast

10.4.10.2.1.        By Service Provider

10.4.10.2.2.        By Subscription Period

10.4.10.2.3.        By Subscription Type

10.4.10.2.4.        By End Use

10.4.10.2.5.        By Propulsion Type

11.  South America Car Subscription Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Service Provider

11.2.2.  By Subscription Period

11.2.3.  By Subscription Type

11.2.4.  By End Use

11.2.5.  By Propulsion Type

11.2.6.  By Country (Brazil, Argentina and Rest of South America)

11.3.              Product Market Map (By Service Provider, By Subscription Period, By Subscription Type, By End Use, By Propulsion Type, By Country)

11.4.              South America: Country Analysis

11.4.1.  Brazil Car Subscription Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Service Provider

11.4.1.2.2.           By Subscription Period

11.4.1.2.3.           By Subscription Type

11.4.1.2.4.           By End Use

11.4.1.2.5.           By Propulsion Type

11.4.2.  Argentina Car Subscription Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Service Provider

11.4.2.2.2.           By Subscription Period

11.4.2.2.3.           By Subscription Type

11.4.2.2.4.           By End Use

11.4.2.2.5.           By Propulsion Type

12.  Middle East and Africa Car Subscription Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value

12.2.              Market Share & Forecast

12.2.1.  By Service Provider

12.2.2.  By Subscription Period

12.2.3.  By Subscription Type

12.2.4.  By End Use

12.2.5.  By Propulsion Type

12.2.6.  By Country (South Africa, UAE, Saudi Arabia, Qatar, Kuwait and Rest of Middle East and Africa)

12.3.              Product Market Map (By Service Provider, By Subscription Period, By Subscription Type, By End Use, By Propulsion Type, By Country)

12.4.              Middle East and Africa: Country Analysis

12.4.1.  South Africa Car Subscription Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Service Provider

12.4.1.2.2.           By Subscription Period

12.4.1.2.3.           By Subscription Type

12.4.1.2.4.           By End Use

12.4.1.2.5.           By Propulsion Type

12.4.2.  UAE Car Subscription Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Service Provider

12.4.2.2.2.           By Subscription Period

12.4.2.2.3.           By Subscription Type

12.4.2.2.4.           By End Use

12.4.2.2.5.           By Propulsion Type

12.4.3.  Saudi Arabia Car Subscription Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Service Provider

12.4.3.2.2.           By Subscription Period

12.4.3.2.3.           By Subscription Type

12.4.3.2.4.           By End Use

12.4.3.2.5.           By Propulsion Type

12.4.4.  Qatar Car Subscription Market Outlook

12.4.4.1.      Market Size & Forecast

12.4.4.1.1.           By Value

12.4.4.2.      Market Share & Forecast

12.4.4.2.1.           By Service Provider

12.4.4.2.2.           By Subscription Period

12.4.4.2.3.           By Subscription Type

12.4.4.2.4.           By End Use

12.4.4.2.5.           By Propulsion Type

12.4.5.  Kuwait Car Subscription Market Outlook

12.4.5.1.      Market Size & Forecast

12.4.5.1.1.           By Value

12.4.5.2.      Market Share & Forecast

12.4.5.2.1.           By Service Provider

12.4.5.2.2.           By Subscription Period

12.4.5.2.3.           By Subscription Type

12.4.5.2.4.           By End Use

12.4.5.2.5.           By Propulsion Type

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Competitive Landscape

15.1.              Competition Outlook

15.2.              Company Profiles (Partial List of Leading Companies)

15.2.1.  Drover Limited

15.2.2.  Fair Financial Corp.

15.2.3.  OpenRoad Auto Group

15.2.4.  Facedrive Inc.

15.2.5.  DAIMLER AG

15.2.6.  Toyota Motor Corporation

15.2.7.  Volvo Car Corporation

15.2.8.    Porsche Smart Monility, Inc.

15.2.9.    Hyundai Motor Company

15.2.10.  Fresh Car

16.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Factors like easy availability of the facility to change a vehicle and use a car for short duration, development of e-commerce channels and promotion of digital initiatives by leading authorities are driving the growth of the global car subscription market in the forecast years, 2023-2027.

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Drover Limited, Fair Financial Corp., OpenRoad Auto Group, Facedrive Inc., DAIMLER AG, Toyota Motor Corporation, among others are leading the global car subscription market in the forecast period, 2023-2027.

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The global car subscription market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

profile

Srishti Verma

Business Consultant
Press Release

North America to Dominate Global Car Subscription Market till 2026

Jun, 2021

Increasing popularity of environment-friendly vehicles is expected to drive the demand for global car subscription market in the forecast period.