Vehicle Subscription

Vehicle Subscription Market is on Track to Exceed $ 13.45 Bn by 2030 Vehicle Subscription Market Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 - 2030

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As per the experts, the vehicle subscription market is predicted to record a growth rate of 22.8% from 2021-2030 and is projected to reach US$ 13.45 billion by 2030.

The study provides the overall revenue of the global vehicle subscription market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global vehicle subscription market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the vehicle subscription industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Crucial factors accountable for 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.

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.

Report Scope of the Vehicle Subscription Market

Report Coverage Details
Market Size in 2020 USD 4.1 billion
Growth Rate from 2021 to 2030 CAGR of 22.8%
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Companies Mentioned Tesla, Volkswagen, Fair Financial Corp., Clutch Technologies, LLC, General Motors, CarNext, FlexDrive, Cluno GmbH, DriveMyCar Rentals Pty Ltd, BMW AG, Daimler AG, Hyundai Motor India, Tata Motors, Volvo Car Corporation, ZoomCar, Cox Automotive

Regional Snapshots

Asia Pacific is anticipated to grow significantly during the forecast period and with a CAGR of more than 28% of the market share due to the presence of developing countries engaged in activities such as rapid urbanization and industrialization. Also, the presence of huge population in this region fosters the growth of Vehicle Subscription market. For instance, On 15th December 2020, Hyundai Motor India announced that its vehicle subscription services has seen increasing demand specially among the millennials and tech savvy individuals.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global vehicle subscription market are 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.

Segments Covered in the Report

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

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the vehicle subscription market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

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 CONTENT

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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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