The global vehicle subscription market size is expected to reach around US$ 13.45 billion by 2030 from US$ 4.1 billion in 2020 and is expected to grow at an impressive double-digit rate of 22.8% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global vehicle subscription market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
Crucial factors accountable for market growth are:
- Easy user access and cost-effectiveness foster the market demand of vehicle subscription market.
- Increase in customer disposable income.
- Rapid urbanization and industrialization in developing countries.
- The benefits of subscribing vehicles compared with leasing the vehicles.
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Report Highlights
- The IC powered vehicle segment is expected to lead the market contributing more than 71% of the revenue share in the upcoming years.
- The corporate end use segment of the Vehicle Subscription Market is estimated to lead the market with a market share of more than 60% in 2020.
- By Geography, Asia Pacificis expected to grow significantly with a CAGR of 28% during the forecast period because of the surge in urbanization, industrialization and massive population present in this region.
Regional Snapshots
Asia Pacific is anticipated to grow significantly during the forecast period and with a CAGR of more than 28% of the market share due to the presence of developing countries engaged in activities such as rapid urbanization and industrialization. Also, the presence of huge population in this region fosters the growth of Vehicle Subscription market. For instance, On 15th December 2020, Hyundai Motor India announced that its vehicle subscription services has seen increasing demand specially among the millennials and tech savvy individuals.
Why should you invest in this report?
If you are aiming to enter the global vehicle subscription market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for vehicle subscription are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global vehicle subscription market include Fair Financial Corp., Clutch Technologies, LLC, CarNext, FlexDrive, Cluno GmbH, DriveMyCar Rentals Pty Ltd, BMW AG, Daimler AG, General Motors, Hyundai Motor India, Tata Motors, Tesla, Volkswagen, Volvo Car Corporation, ZoomCar, Cox Automotive, Wagonex Limited, LeasePlan, Drover Limited, and Lyft Inc.
Market Segmentation:
By Vehicle Type
- IC Powered Vehicle
- Electric Vehicle
By Subscription Period
- 1 to 6 Months
- 6 to 12 Months
- More than 12 Months
By Service providers
- OEMs & Captives
- Independent/Third Party Service Provider
By End Use
- Private
- Corporate
Regional Analysis:
The geographical analysis of the global vehicle subscription market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global vehicle subscription Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global vehicle subscription market in 2030?
- What is the expected CAGR for the vehicle subscription market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global vehicle subscription market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Vehicle Subscription Market, By Vehicle
7.1. Vehicle Subscription Market, by Vehicle Type, 2021-2030
7.1.1. IC Powered Vehicle
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Electric Vehicle
7.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Vehicle Subscription Market, By Subscription Period
8.1. Vehicle Subscription Market, by Subscription Period, 2021-2030
8.1.1. 1 to 6 Months
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. 6 to 12 Months
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. More than 12 Months
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Vehicle Subscription Market, By Service Providers
9.1. Vehicle Subscription Market, by Service Providers, 2021-2030
9.1.1. OEMs & Captives
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Independent/Third Party Service Provider
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Vehicle Subscription Market, By End Use
10.1. Vehicle Subscription Market, by End Use, 2021-2030
10.1.1. Private
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Corporate
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Vehicle Subscription Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.1.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.1.4. Market Revenue and Forecast, by End Use (2019-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.1.5.4. Market Revenue and Forecast, by End Use (2019-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.1.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.1.6.4. Market Revenue and Forecast, by End Use (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.2.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.2.4. Market Revenue and Forecast, by End Use (2019-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.2.5.4. Market Revenue and Forecast, by End Use (2019-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.2.6.4. Market Revenue and Forecast, by End Use (2019-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.2.7.4. Market Revenue and Forecast, by End Use (2019-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.8.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.2.8.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.2.8.4. Market Revenue and Forecast, by End Use (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.3.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.3.4. Market Revenue and Forecast, by End Use (2019-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.3.5.4. Market Revenue and Forecast, by End Use (2019-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.3.6.4. Market Revenue and Forecast, by End Use (2019-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.3.7.4. Market Revenue and Forecast, by End Use (2019-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.8.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.3.8.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.3.8.4. Market Revenue and Forecast, by End Use (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.4.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.4.4. Market Revenue and Forecast, by End Use (2019-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.4.5.4. Market Revenue and Forecast, by End Use (2019-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.4.6.4. Market Revenue and Forecast, by End Use (2019-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.4.7.4. Market Revenue and Forecast, by End Use (2019-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.8.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.4.8.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.4.8.4. Market Revenue and Forecast, by End Use (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.5.4. Market Revenue and Forecast, by End Use (2019-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.5.5.4. Market Revenue and Forecast, by End Use (2019-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)
11.5.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)
11.5.6.4. Market Revenue and Forecast, by End Use (2019-2030)
Chapter 12. Company Profiles
12.1. Fair Financial Corp.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Clutch Technologies, LLC
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. CarNext
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. FlexDrive
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Cluno GmbH
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. DriveMyCar Rentals Pty Ltd
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. BMW AG
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Daimler AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. General Motors
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Hyundai Motor India
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Tata Motors
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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