What is Carpool-as-a-service?
Carpooling is the practice of sharing car rides since more than one person can travel in the same vehicle and avoids the need for others to drive themselves to a destination. Because there are fewer automobiles on the road, carpooling minimizes pollution. It's also cost-effective because the riders split the travel costs. Traveling alone may be stressful, so having other people along for the ride decreases tension while also providing an opportunity to mingle and make the trip more enjoyable. Many websites and apps have been created to make it easier for people to meet up and share rides. These apps allow users to plan, share, and find passengers for their travels.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Uber (United States), BlaBlaCar (France), Karos (France), SPLT (Splitting Fares) (United States), SRide (India), Zimride (United States), Grab (Singapore), Qryde (United States), Ryde Technologies Pte. Ltd. (Singapore) and ZIFY (India) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Carpool-as-a-service market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Uber (United States), BlaBlaCar (France), Karos (France), SPLT (Splitting Fares) (United States), SRide (India), Zimride (United States), Grab (Singapore), Qryde (United States), Ryde Technologies Pte. Ltd. (Singapore) and ZIFY (India) are some of the key players that are part of study coverage.
The market study is broken down by Type (Online Carpooling Platforms and App-based Carpooling), by Application (Driver and Passenger) and major geographies with country level break-up.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Carpool-as-a-service market by Type, Application and Region.
On the basis of geography, the market of Carpool-as-a-service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Payment Mode, the sub-segment i.e. Wallet will boost the Carpool-as-a-service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 1 December 2020, Uber Technologies, Inc. announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations.
Market Trend
- Increasing Demand For Cost And Time-Saving Transportation Facilities
Market Drivers
- Government Favorable Initiatives To Decrease The Carbon Emissions Is Likely To Drive The Carpooling Services
Opportunities
- The Increasing Awareness Regarding The Environment And Vehicle Pollution
- Increase In A Number Of Companies Providing Carpooling Services
Restraints
- Due To COVID-19 Individuals Scared Of Using Carpooling Services
Challenges
- Slowdown Of The Economies Across Global
Key Target Audience
Carpool-as-a-service Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.