1.The european car sharing industry has created enormous revenue and sharing services prices have reduced to four times as compared to taxi services.The car shared services are also concerned about the maintenance,repair and insurance charges.
2.The various corporate organizations in europe region are offering various mobility solutions to their employees to prevent the extra expenditure on vehicle insurance,maintenance,fuel.
3.The europe car sharing market is expanding at a substantial growth due to increasing concerns pertaining to pollution and protection of environment.And it leads the government to execute stringent policies and regulations on the use of vehicles.
4.Recent pandemic outbreak has disrupted the carsharing market growth due to lockdowns and travel restrictions.But car sharing market has been recovering in post severe outbreak in countries such as Italy,France,United Kingdom and Spain.
The european vehicle sharing market was rapidly growing due to the business and educational tourism.The eastern & southern european countries were significantly investing money on transport and business infrastructure developments.
Many competitive market players were making strategic tie up relationships with airports for the rapid development of carsharing services.In Jan 2020,Ryanir partnered with rentalcars.com and integrated the car rental services across the airport premises to improve the car rental bookings.
Nearly 30% of Europeans are avoiding public transportation due to the pandemic outbreak.And the lockdown has created a new enthusiasm for road trips and travels etc.The carsharing market is growing healthy at both organized and unorganized car rental networks.
France is the largest market for car sharing businesses. And with an increased demand for leisure and tourism purposes .The tourism rate is growing more than 5% per annum in the country and expected to drive the rental market growth in France during the forecast period.As a result, In 2020, Ubeeqo decided its paris fleet to 1000 cars.
The companies such as Hertz and Europcar have launched several programmes to boost up the car rental market in the country and In September 2019, Hertz launched the “Voyage la Francaise” for providing the self driving regional sensorial tours for tourists.
The fleet models of services include BMW,Mercedes Benz,Audi,Volkswagen,Opel,Mini,Ford,Toyota.
The fleet models of services include Mini,Economy,Compact,SUV,Premium,Convertible and cargo vans for businesses.
Offering the travel services starts from less than 10€.
1.Rapid development of Tourism (Results in increasing in the number of tourists visiting region per month)
2.Transport and Business Infrastructure Developments
3.The rising commercial activities in Europe region,Which leads to growing in the business opportunities
4.Developments of logistic sectors
Zip car, a car sharing company, had announced the additional support of 325 e golf carts in partnership with volkswagen to address the demand for rental sharing electric cars.The electrical sharing cars has received attention from customers due to pollution eradication.
CarUnity, Tamyca, Drivenow, Autolib and Ubeeqo are key players of the car sharing market in europe.Volkswagen planning to make a business deal with Paris based company europcar mobility group for the acquisition of rental car business in europe region.
In Jan2020, Weshare had announced the expansion plans for offering a fleet model operations of 8,400 electric vehicles across the Prague,Hamburg,Madrid,Paris,Munich and Budapest.Weshare was partnering with volkswagen to provide fleet services in Prague and Budapest.Volkswagen is preparing to provide eGolf 1 and other vehicle services in Germany,Spain,Italy and France.
The europcar mobility group subsidiary Ubeeqo has recorded a 70% growth in users compared to the monthly average and 60% increase in reservations.The roundtrip business model has helped the Ubeeqo businesses growth by 53%.
In Jan 2021, Europcar made a partnership to charge its electrical vehicles with europe smart charging provider.And Yandex, a russian car rental company has launched its fleet operation services in Europe region.
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