©2018 Graphical Research. All rights reserved. Asia Pacific Car Sharing Market size may exceed USD 2billion by 2024: Graphical Research

©2018 Graphical Research. All rights reserved. Key Insights from Asia Pacific Car Sharing Market :  Graphical Research says, Asia Pacific Car Sharing Market to reach USD 2bn by 2024  The growing demand for advanced mobility options due to increasing traffic congestion will propel the Asia Pacific car sharing market growth by  According to a report published by Uber Technologies, the people in the region are stuck in traffic for about 52 minutes per day or 13 days per year.  P2P car sharing market will propel over the forecast timespan due to a high degree of private vehicle ownership in the region.  Companies are investing in developing car sharing services in the Asia Pacific region, particularly in countries including Malaysia, Singapore, and Taiwan. For instance, iCarsclub, a Singapore-based P2P car sharing company has raised USD 10 million to expand their service offerings.

©2018 Graphical Research. All rights reserved. Continued...  One-way car sharing market is expected to witness a significant growth due to the high degree of flexibility offered by these services.  The key participants in the car sharing market include Zipcar, Car2Go, BleuSG, Car Club, WhizzCar, Tribecar, and Smove.  The companies are struggling to retain their customers and share in the industry and thus are investing in offering differentiated services to the customers such as loyalty discounts and fidelity cards.

©2018 Graphical Research. All rights reserved. Browse Full Market Research Report On Asia Pacific Car Sharing Request for a Sample of this Research

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