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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
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 22.8%
Market growth 2022-2026
USD 4.95 billion
Market structure
Fragmented
YoY growth (%)
14.73
Regional analysis
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
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
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.
Market Dynamics
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,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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