$1.4bn
$XX.Xm
2,742
23
$XXX.Xm
The car sharing industry has seen substantial growth as environmental awareness rises. Consumers increasingly opt for sustainable transport, supported by technological advancements in smartphones and connected vehicles. Municipal governments in cities like Washington, DC, New York City, Boston and Chicago have become strong advocates, providing key contracts and support to car sharing providers. Over the past five years, revenue has grown at a CAGR of 2.8%, reaching $1.4 billion, with an anticipated 2.2% rise in 2024.
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $1.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Avis Budget Group, Inc. | 541.0 | -10.1 | -1.9 | |
Daimler Ag | 328.2 | 7.9 | 2.4 |
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Industry revenue is measured across several distinct product and services lines, including Sedans and compact cars, Sports utility vehicles and Vans. Sedans and compact cars is the largest segment of the Car Sharing Providers in the US.
Sedans and compact cars dominate the car sharing market
This industry is composed of establishments offering membership-based car rental services, typically for shorter periods and distances than traditional car renters. Although pricing structures may vary, operators often charge by the mile, minute or hour in addition to a flat fee.
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NAICS 53211 - Car Sharing Providers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Sustainable practices are boosting car sharing demand. Research shows that car share users travel shorter distances, helping cut CO2 emissions and overall pollution levels.
Learn about an industry's products and services, markets and trends in international trade.
Sedans dominate the car sharing market. Compact cars offer better maneuverability and efficiency than SUVs and trucks, making them popular for urban transportation.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast thrives on the car sharing boom driven by tourists. Big cities like Orlando, Atlanta and Miami see steady demand because of their famous attractions and warm we...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Car sharing providers primarily compete on price, availability and convenience. Operators that provide services at lower prices and are convenient for consumers typically enc...
Learn about the performance of the top companies in the industry.
Large companies contribute to most of the revenue. Huge initial investments make it difficult for small enterprises to start a business and expand.
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The Car Sharing Association promotes shared mobility as a green alternative. It supports industry research and best practices, helping to make urban transportation more effic...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Depreciation costs are a significant burden for car sharing companies. Operators constantly update or replace vehicles to ensure reliability, leading to considerable deprecia...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Car Sharing Providers in the US industry in United States is $1.4bn in 2024.
There are 23 businesses in the Car Sharing Providers in the US industry in United States, which has grown at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Car Sharing Providers in the US industry in United States has been growing at a CAGR of 2.8 % between 2019 and 2024.
Over the next five years, the Car Sharing Providers in the US industry in United States is expected to grow.
The biggest companies operating in the Car Sharing Providers market in United States are Avis Budget Group, Inc. and Daimler Ag
Per minute car rental and Per hour passenger car rental are part of the Car Sharing Providers in the US industry.
The company holding the most market share in United States is Avis Budget Group, Inc..
The level of competition is high and steady in the Car Sharing Providers in the US industry in United States.