The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033.
The Vehicle Subscription by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/vehicle-subscription-global-market-report
According to The Business Research Company’s Vehicle Subscription , The vehicle subscription market size has grown exponentially in recent years. It will grow from $5.34 billion in 2023 to $6.71 billion in 2024 at a compound annual growth rate (CAGR) of 25.8%. The growth in the historic period can be attributed to changing consumer mobility preferences, urbanization trends, vehicle fleet diversity, digital transformation in automotive industry, consumer desire for hassle-free experience.The vehicle subscription market size is expected to see exponential growth in the next few years. It will grow to $16 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%.
The increased adoption of electric vehicles is anticipated to drive the growth of the vehicle subscription market in the future. Electric vehicles, powered by electric motors and batteries, have gained popularity as a sustainable and eco-friendly mode of transportation. Vehicle subscription services, which offer an alternative to traditional car ownership, are becoming more appealing, especially for electric cars. Subscribers can enjoy driving an electric vehicle without the upfront costs and long-term maintenance expenses associated with ownership. For instance, according to the Global EV Outlook 2022 report published in May 2022, electric vehicle sales doubled in 2021, reaching a record high of 6.6 million units. The global sales of electric cars in 2021 amounted to 6,600,000 units, up from 2,980,000 units in the previous year. Therefore, the increased penetration of electric vehicle sales is a key driver for the growth of the vehicle subscription market.
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The vehicle subscription market covered in this report is segmented –
1) By Vehicle Type: IC Powered Vehicle, Electric Vehicle
2) By Subscription: Single Brand, Multi Brand
3) By Service Provider: OEM or Captives, Mobility Providers, Technology Companies
4) By End Use: Business, Private
Top Major Players
Daimler Aktiengesellschaft,
Drover Limited, Facedrive Inc.,
Open Road Auto Group LLC,
Primemover Mobility Technologies Private Limited
The vehicle subscription market report table of contents includes:
1. Executive Summary
- Vehicle Subscription Market Characteristics
- Vehicle Subscription Market Trends And Strategies
- Vehicle Subscription Market – Macro Economic Scenario
- Global Vehicle Subscription Market Size and Growth
- Vehicle Subscription Market Segmentation
- Vehicle Subscription Market Regional And Country Analysis
……………….
- Key Mergers And Acquisitions In The Vehicle Subscription Market
- Vehicle Subscription Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Vehicle Subscription Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Vehicle Subscription Market, Segmentation By Subscription, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Vehicle Subscription Market, Segmentation By Service Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Daimler Aktiengesellschaft Financial Performance
Table 76: Drover Limited Financial Performance
Table 77: Facedrive Inc. Financial Performance
Table 78: Open Road Auto Group LLC Financial Performance
Table 79: Primemover Mobility Technologies Private Limited Financial Performance
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