Strategy Analytics: Peer-to-Peer (P2P) Car Sharing, From Misery to Millions

Peer-to-Peer Car Sharing Takes Off Amid Ongoing Global Slowdown in Mobility and Transportation


BOSTON–(BUSINESS WIRE)–Strategy Analytics’ Automotive Connected Mobility service has released a new, global database of Peer-to-Peer (P2P) car sharing operators, tracking more than 50 unique operators across 33 different countries.

At the outset of the COVID-19 pandemic the outlook for peer-to-peer car sharing operators was bleak. Users and members vanished along with revenue and investment. Nearly a year later, a very different picture is emerging as operators have found renewed interest and enhanced prospects from an increased interest in personal transportation and the cost savings offered by the sharing economy.

What has emerged from this pandemic-fueled recovery is a global phenomenon with more than 50 P2P operators, 1.3 million vehicles, and 42 million users; reflecting low barriers to entry and a compelling low-cost, low-investment business model. In fact, more than half of the P2P operators tracked in Strategy Analytics’ database were founded within the last three years, suggesting the global P2P car sharing competition is just starting to heat up.

In the “Global Peer-to-Peer (P2P) Car Sharing Database 2020 Topline Report”, Strategy Analytics details the top 5 P2P car sharing operators in terms of number of vehicles, number of users, geographic reach, and total funding.

“Car sharing continues to boom amid the ongoing pandemic,” said Roger C. Lanctot, director of automotive connected mobility for Strategy Analytics.

“For many, P2P car sharing flourishes due to accessibility, convenience, and relative cleanliness compared to public transportation. This business model is here to stay,” added Ben Lundin, industry analyst for automotive connected mobility.

Source: Strategy Analytics, Inc.

#SA_Automotive

About Strategy Analytics

Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.

For more information about Strategy Analytics

Service Name: Click here (link to service page on SAW)

Service Name: Click Here (link to service page on SAW)

Contacts

European Contact: Kevin Mak, +44 (0)1908 423 644, kmak@strategyanalytics.com
US Contact: Alexander Kutana, +1 617 614 0741, akutana@strategyanalytics.com
China Contact: Kevin Li, +86 186 0110 3697, kli@strategyanalytics.com

error: Content is protected !!