Global Car Pooling Market Size, Drivers, Trends, Opportunities And Strategies – Includes Car Pooling Market Growth
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Government initiatives to minimise carbon emissions are expected to drive innovation in car pooling manufacturing, thus driving the market during the forecast period.
The global car pooling market is expected to grow from $8.33 billion in 2022 to $9.64 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The global carpooling market size is expected to grow to $15.10 billion in 2027 at a CAGR of 11.9%.
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- By Type: Online Carpooling Platforms, App-based Carpooling
- By Application: Businesses, Individuals, Schools, Other Applications
- By Car Type: Economy, Executive, Luxury
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global car pooling market in 2021.
Major Market Players in the car pooling market include Didi Chuxing, Dida Chuxing, Uber, Via Transportation, Lyft Line, Waze Carpool, Zimride, Carma, and Scoop Technologies.
Automobile manufacturers are increasingly venturing into mobility services to cater to the growing demand for car-pooling services. For instance, major automobile manufacturers, namely BMW and Daimler, have merged their car-sharing ventures to expand geographically. Similarly, in February 2020, Tesla announced plans to launch a ride-sharing application. Automakers’ investing in carpooling applications will contribute to the growth of the market.
The Car Pooling Global Market Report 2023 provides a car pooling market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The car pooling market forecast analyzes car pooling market size, car pooling market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Carpooling, also known as “shared mobility,” is the most technologically advanced transportation system that enables users to book a short-distance ride as and when needed. The booking of the cars through online carpooling platforms and app-based carpooling helps reduce the number of vehicles on the road, reduce carbon emissions, and protect the environment.
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