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Sep 08, 2022, 22:00 ET
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NEW YORK, Sept. 8, 2022 /PRNewswire/ — The automotive subscription services market is fragmented, and the vendors are deploying growth strategies such as providing vehicles at minimum automotive subscription services to customers to compete in the market. The is highly competitive, with the presence of many well-established vendors. The vendors have a wide portfolio of cars for rent and leasing and also provide electric cars from European, Japanese, Korean, and US manufacturers. Moreover, prominent vendors are making use of optimized search engine options and navigation links to streamline their services.
The automotive subscription services market size is expected to grow by USD 4.95 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 22.8% during the forecast period.
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Automotive Subscription Services Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive subscription services market report covers the following areas:
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Automotive Subscription Services Market 2022-2026: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Assurant Inc., Bayerische Motoren Werke AG, Cox Automotive Inc., Evogo Ltd, Exelon Corp, Flexdrive Services LLC, Freshcar, General Motors Co, Hertz Global Holdings Inc., Hyundai Motor Co., Mercedes Benz Group AG, Pinewoods technology services FZE, Prazo Inc, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Wagonex Ltd, and Zoomcar India Pvt. Ltd. are among some of the major market participants.
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Automotive Subscription Services Market 2022-2026: Segmentation
Automotive Subscription Services Market 2022-2026: Key Highlights
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Automotive Subscription Services Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 22.8%
Market growth 2022-2026
USD 4.95 billion
YoY growth (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 47%
Key consumer countries
US, Japan, Germany, UK, and France
Leading companies, competitive strategies, consumer engagement scope
AB Volvo, Assurant Inc., Bayerische Motoren Werke AG, Cox Automotive Inc., Evogo Ltd, Exelon Corp, Flexdrive Services LLC, Freshcar, General Motors Co, Hertz Global Holdings Inc., Hyundai Motor Co., Mercedes Benz Group AG, Pinewoods technology services FZE, Prazo Inc, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Wagonex Ltd, and Zoomcar India Pvt. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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Automotive Subscription Services Market to Record a CAGR of 22.8%, North America to Contribute the Highest Market Growth – Technavio – PR Newswire
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