Industry Background:
Carpooling is the sharing of car journeys by other persons who are willing to travel for the same location and agree to share travel expenses among them. The carpooling software connects car owners/drivers and co-travelers to share within city journeys or long-distance trips together with the intension of both saving fuel prices. This software connects various users to share their car journeys as per the need. The International Energy Association projected that there will be 1.7 billion cars on the road by 2035. This means there will increase traffic in the upcoming year, to avoid meeting traffic many of the people will use carpooling software to know which carpooling will take the least time to reach their destination. This will boom the demand for carpooling software in the next few years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Uber Technologies, Inc. (United States), BlaBlaCar (France), Wunder Carpool (Germany), Karos (France), Carma (Ireland), Splitting Fares, Inc. (United States), Waze Mobile Limited (Israel), Shared Rides (Lyft Line), Via Transportation (United States) and Zimride (United States) |
This growth is primarily driven by Emergence of Internet Penetration and the Use of Smartphones, Rising Cost of Vehicle Ownership and Save Money and Time for Individuals Car Traveling.
Globally, a noticeable market trend is evident Customize and Schedule Carpooling as per Needs Major Players, such as Uber Technologies, Inc. (United States), BlaBlaCar (France), Wunder Carpool (Germany), Karos (France), Carma (Ireland), Splitting Fares, Inc. (United States), Waze Mobile Limited (Israel), Shared Rides (Lyft Line), Via Transportation (United States) and Zimride (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The carpooling software market is highly fragmented due to the presence of several local and global players. The level of competition among the companies in the carpooling software market is intense and providers are focusing to developing new customized offering to their customers.
Key Developments in the Market:
In March 2022, SWVL, a transformative tech-enabled mass transit solutions provider signed a definitive agreement to acquire door2door, a European high-growth mobility platform. This platform partners with municipalities, public transit operators, corporations, and automotive companies, providing software for on-demand mobility, multimodal routing, and mobility analytics.
In September 2018, French startup Klaxit partnered with Uber for carpooling service for last-minute changes. Klaxit will book Uber rides for its users.
Influencing Trend:
Customize and Schedule Carpooling as per Needs
Market Growth Drivers:
Emergence of Internet Penetration and the Use of Smartphones, Rising Cost of Vehicle Ownership and Save Money and Time for Individuals Car Traveling
Challenges:
Fraud Identities of Car Riders and Data Privacy Concerns
Restraints:
Software Technical Issues
Opportunities:
Increasing Adoption of Carpooling Software by Working Population for Daily Travelling and Growing Demand for Carpooling for Outstation Rides
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Carpooling Software Market
- Analysis about New Entrants in Carpooling Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Carpooling Software Study Sheds Light on
The Carpooling Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Carpooling Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Carpooling Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.