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Market Research Report

United States Car Subscription Market Forecast 2021-2026

Published by Inkwood Research Product code 1018688
Published Content info 115 Pages
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United States Car Subscription Market Forecast 2021-2026
Published: July 19, 2021 Content info: 115 Pages
Description

KEY FINDINGS

The United States car subscription market is projected to record a CAGR of 20.29% during the forecast period, 2021-2026. Technological advancements and flexibility in subscriptions are the major factors fueling market growth.

MARKET INSIGHTS

There has been an increase in the number of consumers opting for vehicle subscription services as compared to car ownership. Consumers are increasingly opting for vehicle subscriptions despite the rising disposable incomes. This is because car subscription offers flexibility and varied choices in driving different vehicles.

In the United States, the automotive market is thriving, with light vehicle sales recording 17.2 million in 2018 in the fourth straight year. Also, the country is the second-largest market for vehicle sales and production globally. The automotive sector is innovative, with new R&D initiatives transforming the industry. As per Auto Alliance, out of the total amount spend on R&D globally, around a fifth of it is spent in the country.

Furthermore, the US exported 1.8 million new light vehicles to more than 200 markets globally. The additional exports of automotive parts were totaled $88.5 billion. A large consumer market, available infrastructure, open investment policy, and local & state government initiatives make the country a premier market for the automotive industry. Such factors offer growth opportunities.

COMPETITIVE INSIGHTS

Some eminent market players include: Hyundai Motor, Nissan Motor Corporation, LMP Automotive Holdings, Hertz Germany, Avis Budget Group, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 39012

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. COUNTRY SNAPSHOT
  • 2.3. COUNTRY ANALYSIS
  • 2.4. KEY GROWTH ENABLERS
  • 2.5. KEY CHALLENGES

3. KEY ANALYTICS

  • 3.1. IMPACT OF COVID-19 ON CAR SUBSCRIPTION MARKET
  • 3.2. KEY MARKET TRENDS
  • 3.3. PORTER'S FIVE FORCES ANALYSIS
    • 3.3.1. BUYERS POWER
    • 3.3.2. SUPPLIERS POWER
    • 3.3.3. SUBSTITUTION
    • 3.3.4. NEW ENTRANTS
    • 3.3.5. INDUSTRY RIVALRY
  • 3.4. OPPORTUNITY MATRIX
  • 3.5. VENDOR LANDSCAPE

4. MARKET BY SUBSCRIPTION PROVIDER

  • 4.1. OEM
  • 4.2. THIRD PARTY SERVICE PROVIDERS

5. MARKET BY SUBSCRIPTION PERIOD

  • 5.1. 1 TO 6 MONTHS SUBSCRIPTION
  • 5.2. 6 TO 12 MONTHS SUBSCRIPTION
  • 5.3. OVER 12 MONTHS SUBSCRIPTION

6. MARKET BY TYPE OF VEHICLE

  • 6.1. ELECTRIC VEHICLE
  • 6.2. COMBUSTION-BASED VEHICLE

7. MARKET BY USER TYPE

  • 7.1. CORPORATE USER
  • 7.2. PERSONAL USER

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGERS & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 8.1.3. PARTNERSHIPS & AGREEMENTS
    • 8.1.4. BUSINESS EXPANSIONS
  • 8.2. COMPANY PROFILES
    • 8.2.1. AVIS BUDGET GROUP
    • 8.2.2. DROVER LIMITED (ACQUIRED BY CAZOO LTD)
    • 8.2.3. ENTERPRISE HOLDINGS
    • 8.2.4. HERTZ GERMANY
    • 8.2.5. HYUNDAI MOTOR
    • 8.2.6. LMP AUTOMOTIVE HOLDINGS
    • 8.2.7. NISSAN MOTOR CORPORATION
    • 8.2.8. PORSCHE AUTOMOBIL HOLDING SE
    • 8.2.9. SIXT SE
    • 8.2.10. TOYOTA MOTOR CORPORATION
    • 8.2.11. VOLVO CARE

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - CAR SUBSCRIPTION
  • TABLE 2: UNITED STATES CAR SUBSCRIPTION MARKET, BY SUBSCRIPTION PROVIDER, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 3: UNITED STATES CAR SUBSCRIPTION MARKET, BY SUBSCRIPTION PERIOD, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 4: UNITED STATES CAR SUBSCRIPTION MARKET, BY TYPE OF VEHICLE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 5: UNITED STATES CAR SUBSCRIPTION MARKET, BY USER TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 6: LIST OF MERGERS & ACQUISITIONS
  • TABLE 7: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 8: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 9: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY SUBSCRIPTION PROVIDER, IN 2020
  • FIGURE 6: UNITED STATES CAR SUBSCRIPTION MARKET, BY OEM, 2021-2026 (IN $ MILLION)
  • FIGURE 7: UNITED STATES CAR SUBSCRIPTION MARKET, BY THIRD PARTY SERVICE PROVIDERS, 2021-2026 (IN $ MILLION)
  • FIGURE 8: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY SUBSCRIPTION PERIOD, IN 2020
  • FIGURE 9: UNITED STATES CAR SUBSCRIPTION MARKET, BY 1 TO 6 MONTHS SUBSCRIPTION, 2021-2026 (IN $ MILLION)
  • FIGURE 10: UNITED STATES CAR SUBSCRIPTION MARKET, BY 6 TO 12 MONTHS SUBSCRIPTION, 2021-2026 (IN $ MILLION)
  • FIGURE 11: UNITED STATES CAR SUBSCRIPTION MARKET, BY OVER 12 MONTHS SUBSCRIPTION, 2021-2026 (IN $ MILLION)
  • FIGURE 12: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY TYPE OF VEHICLE, IN 2020
  • FIGURE 13: UNITED STATES CAR SUBSCRIPTION MARKET, BY ELECTRIC VEHICLE, 2021-2026 (IN $ MILLION)
  • FIGURE 14: UNITED STATES CAR SUBSCRIPTION MARKET, BY COMBUSTION-BASED VEHICLE, 2021-2026 (IN $ MILLION)
  • FIGURE 15: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY USER TYPE, IN 2020
  • FIGURE 16: UNITED STATES CAR SUBSCRIPTION MARKET, BY CORPORATE USER 2021-2026 (IN $ MILLION)
  • FIGURE 17: UNITED STATES CAR SUBSCRIPTION MARKET, BY PERSONAL USER, 2021-2026 (IN $ MILLION)
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