Car-as-a-Service Market Trends, and Forecast, 2020 - 2030

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Car-as-a-Service Market to Expand with Signi몭cant CAGR during 2030 Date: March 3, 2022 Author: Tech News

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Car-as-a-Service Market: Car-as-a-Service, or CaaS, is a long-term, subscription-based mobility solution; for instance, vehicle leasing with integrated services. Several industries have transformed in the last few years, from selling standalone products to providing consumer-oriented full-service solutions, driven by the surge in digitization and connectivity. The vehicle leasing industry is no exception, shifting away from its traditionally asset-oriented and xed-leasing-period paradigm toward exible, service-oriented mobility solutions. This movement is creating new opportunities for eet management solution providers. Key Drivers of Car-as-a-Service Market Emergence of a subscription economy and accelerating trends toward

usership rather than ownership is a major trend driving the automotive

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industry across the globe. CaaS solution is used by OEMs, dealers and service providers. This solution enables customers to gain access on

demand to a vehicle of their choice, based on their speci c needs. This solution is expected to help OEMs maximize the reach of their vehicles, and initiate generating revenue. Ride sharing has been a key feature to increase customer adaptability in developing nations such as India. Low at rates and discounted per mile price are offered for ride-sharing; however, booking a cab for a singleindividual is expensive. The introduction to shared rides is, however, altering the market situation, particularly in developing countries where citizens choose convenience offered at an economical price. Thus, ridesharing is a major driver of the global car-as-a-service market. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? ag=B&rep_id=80844 Challenges in Car-as-a-Service Market The COVID-19 pandemic has affected car-hailing services. Post rst wave of COVID-19, car-hailing service operators have resumed their operations gradually, thus the COVID impact on the industry seems to have reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, the uncertainty in the car-as-a-service industry endures. However, a gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months despite concerns around risk of second wave of infection in several countries. Opportunities in Car-as-a-Service Market Growing passenger car prices acts as an opportunity to the car-as-as-

service market. Passenger cars prices have been rising owing to an increase in commodity prices and various other input costs for the last few years. Therefore, in this scenario, the mediocre economy class is likely to exhibit interest toward usership model over ownership model due to affordability of customers get effected, which is projected to offer considerable opportunity for the car-as-a-service market. Get a Customized Research Report @ https://www.transparencymarketresearch.com/sample/sample.php? ag=CR&rep_id=80844 Car-as-a-Service Market in Asia Paci c to expand at a notable growth rate The market in Asia Paci c is anticipated to expand at a high growth rate due to increasing population and business operations, which demand effective mobility in the region. Moreover, car-hailing services are less expensive, as compared to owing and maintaining a car, especially to individuals who use car occasionally. These factors are estimated to fuel the car-as-a-service market in the region in the next few years. Major carmaker of India, Maruti Suzuki India Limited (MSIL) has made an entry into car-as-a-service industry for individual customers in order to capture the expanding car-as-a-service market in India. Key Players Operating in Car-as-a-Service Market The global car-as-a-service market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the global car-as-aservice market are: Didi Chuxing Technology Co Uber Technologies, Inc. Lyft, Inc.

Grab Holdings Inc. Daimler AG Careem Taxify OLA Grab Cabify Get COVID-19 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php? ag=covid19&rep_id=80844 Global Car-as-a-Service Market: Research Scope Global Car-as-a-Service Market, by Type Ride sourcing Ride-splitting Ridesharing Others Global Car-as-a-Service Market, by Passenger Car Type Hatchback Sedan SUV This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who

offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with con dence. Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php? ag=EB&rep_id=80844 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni ed market intelligence engine. Sign Up for a 7 day free trial! Contact Rohit Bhisey Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/ Follow Us: Twitter | LinkedIn