The Influence of Urbanization, Lifestyle Changes, and Technological Advances on the Growth of the Global P2P Carsharing Market

Published: Jan 2024

The global P2P carsharing market is anticipated to grow at a CAGR of 17.6% during the forecast period (2023-2030). Zipcar, Drivy, and SnappCar are all P2P car-sharing platforms in Europe, offering short-term rentals, bookings, and reservation features. Drivy, acquired by Getaround, allowed users to rent cars directly from individual owners, while SnappCar facilitates car rentals. The market’s growth is attributed to urbanization and lifestyle modification across the globe. Growing urban populations and shifting mobility patterns promote convenient and adaptable transportation alternatives such as peer-to-peer carsharing. For instance, in October 2020, Kenyan startup Komboa has launched a peer-to-peer (P2P) car-sharing platform, that allows users to rent private vehicles.

Browse the full report description of “P2P Carsharing Market Size, Share & Trends Analysis Report by Car Type (Economy, Executive, and Luxury), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/p2p-carsharing-market

Furthermore, technology that is centered on the user, Turo's adoption has been influenced by the emphasis on user-centric technological solutions such as easy app design, powerful communication capabilities, and integrated payment methods. In September 2021, KINTO launched globe's leading P2P car-sharing service based on technology. It is a platform including all functionality to make P2P sharing hassle-free by enabling booking, communication,and cost split, all within the same app.

In April 2023, Zevo Launched Peer-to-Peer EV Sharing Platform. The platform allows a car-sharing platform, hosts can book their electric vehicles (EVs) in real time, allowing on-demand access to their vehicles by the hour, week, or month.

In July 2018, General Motors launched a peer-to-peer car rental service to allow owners to make money by identifying them as shared vehicles.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Car Type

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes HyreCar, JustShareIt, Inc, Karshare, Kenyan startup Komboa, Snap Inc., and others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global P2P Carsharing Market Report Segment

By Car Type

  • Economy
  • Executive
  • Luxury

Global P2P Carsharing Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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