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Vehicle Subscription Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2030

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[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global vehicle subscription market was valued at around USD 5.01 billion in 2021 and is expected to register revenues worth USD 31.73 billion by the end of 2030, growing at an exceptional CAGR of approximately 22.8% between 2022 and 2030.

Vehicle Subscription

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Crucial factors accountable for vehicle subscription market growth are:
  • Easy user access and cost-effectiveness foster the market demand of vehicle subscription market.
  • Increase in customer disposable income.
  • Rapid urbanization and industrialization in developing countries.
  • The benefits of subscribing vehicles compared with leasing the vehicles.
Vehicle Subscription Market Report Scope
Report Highlights Details
Market Size USD 31.73 Billion by 2030
Growth Rate CAGR of 22.8% From 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Vehicle, Subscription Period, Service Providers, End Use, Region
Vehicle Subscription Market Report Highlights
  • The IC powered vehicle segment is expected to lead the market contributing more than 71% of the revenue share in the upcoming years.
  • The corporate end use segment of the Vehicle Subscription Market is estimated to lead the market with a market share of more than 60% in 2020.
  • By Geography, Asia Pacificis expected to grow significantly with a CAGR of 28% during the forecast period because of the surge in urbanization, industrialization and massive population present in this region.

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Read Also@ Ride Sharing Market size is expected to surpass around US$ 343.35 billion by 2030

some of the prominent players in the vehicle subscription market include:

Fair Financial Corp., Clutch Technologies, LLC, CarNext, FlexDrive, Cluno GmbH, DriveMyCar Rentals Pty Ltd, BMW AG, Daimler AG, General Motors, Hyundai Motor India, Tata Motors, Tesla, Volkswagen, Volvo Car Corporation, ZoomCar, Cox Automotive, Wagonex Limited, LeasePlan, Drover Limited, and Lyft Inc.

Vehicle Subscription Market Segments

By Vehicle Type

  • IC Powered Vehicle
  • Electric Vehicle

By Subscription Period

  • 1 to 6 Months
  • 6 to 12 Months
  • More than 12 Months

By Service providers

  • OEMs & Captives
  • Independent/Third Party Service Provider

By End Use

  • Private
  • Corporate

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global vehicle subscription market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the vehicle subscription market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global vehicle subscription market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for vehicle subscription are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Vehicle Subscription Market, By Vehicle

7.1. Vehicle Subscription Market, by Vehicle Type, 2021-2030

7.1.1. IC Powered Vehicle

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Electric Vehicle

7.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Vehicle Subscription Market, By Subscription Period

8.1. Vehicle Subscription Market, by Subscription Period, 2021-2030

8.1.1. 1 to 6 Months

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. 6 to 12 Months

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. More than 12 Months

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Vehicle Subscription Market, By Service Providers 

9.1. Vehicle Subscription Market, by Service Providers, 2021-2030

9.1.1. OEMs & Captives

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Independent/Third Party Service Provider

9.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Vehicle Subscription Market, By End Use 

10.1. Vehicle Subscription Market, by End Use, 2021-2030

10.1.1. Private

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Corporate

10.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Vehicle Subscription Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.1.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.1.4. Market Revenue and Forecast, by End Use (2019-2030)

11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.1.5.4. Market Revenue and Forecast, by End Use (2019-2030)

11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.1.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.1.6.4. Market Revenue and Forecast, by End Use (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.2.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.2.4. Market Revenue and Forecast, by End Use (2019-2030)

11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.2.5.4. Market Revenue and Forecast, by End Use (2019-2030)

11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.2.6.4. Market Revenue and Forecast, by End Use (2019-2030)

11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.2.7.4. Market Revenue and Forecast, by End Use (2019-2030)

11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.8.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.2.8.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.2.8.4. Market Revenue and Forecast, by End Use (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.3.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.3.4. Market Revenue and Forecast, by End Use (2019-2030)

11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.3.5.4. Market Revenue and Forecast, by End Use (2019-2030)

11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.3.6.4. Market Revenue and Forecast, by End Use (2019-2030)

11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.3.7.4. Market Revenue and Forecast, by End Use (2019-2030)

11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.8.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.3.8.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.3.8.4. Market Revenue and Forecast, by End Use (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.4.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.4.4. Market Revenue and Forecast, by End Use (2019-2030)

11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.4.5.4. Market Revenue and Forecast, by End Use (2019-2030)

11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.4.6.4. Market Revenue and Forecast, by End Use (2019-2030)

11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.4.7.4. Market Revenue and Forecast, by End Use (2019-2030)

11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.8.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.4.8.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.4.8.4. Market Revenue and Forecast, by End Use (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.5.4. Market Revenue and Forecast, by End Use (2019-2030)

11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.5.5.4. Market Revenue and Forecast, by End Use (2019-2030)

11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.6.2. Market Revenue and Forecast, by Subscription Period (2019-2030)

11.5.6.3. Market Revenue and Forecast, by Service Providers (2019-2030)

11.5.6.4. Market Revenue and Forecast, by End Use (2019-2030)

Chapter 12. Company Profiles

12.1. Fair Financial Corp.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Clutch Technologies, LLC

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. CarNext

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. FlexDrive

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Cluno GmbH

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. DriveMyCar Rentals Pty Ltd

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. BMW AG

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Daimler AG

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. General Motors

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Hyundai Motor India

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Tata Motors

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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