Skip to main content

Global number of car sharing users to reach 650 million by 2030

Car and ride sharing is just one example of the new on-demand economy allowing real-time matching of supply and demand through connected smartphone applications. According to ABI Research, successive forms of vehicle sharing approaches represent paradigm shifts in uptake and popularity; each new generation seeing adoption rates at least an order of magnitude larger than the previous: Car sharing 1.0 - street rental service: Cars parked on the street can be located, unlocked, used, and left behind. Examples
March 12, 2015 Read time: 2 mins
RSSCar and ride sharing is just one example of the new on-demand economy allowing real-time matching of supply and demand through connected smartphone applications. According to 5725 ABI Research, successive forms of vehicle sharing approaches represent paradigm shifts in uptake and popularity; each new generation seeing adoption rates at least an order of magnitude larger than the previous:
 
Car sharing 1.0 - street rental service: Cars parked on the street can be located, unlocked, used, and left behind. Examples include 3874 Zipcar, 4190 car2go and 6452 DriveNow.
 
Car sharing 2.0 - ride sharing taxi service and carpooling: Private drivers picking up customers using their privately owned vehicles. Examples are Uber, Lyft, Sidecar, Carpooling.com and BlaBlaCar.
 
Car sharing 3.0 - robotic car service: Driverless cars which can be called remotely and used without a driver on board.
 
“While 1.0 allows sharing vehicles from a centrally managed fleet and 2.0 leverages the personal vehicles of individuals, 3.0 will combine both models—a hybrid between the old economy of official fleets and the new sharing economy, firmly rooted in the crowd sourcing paradigm. While Uber-like 2.0 services already start challenging car ownership, only the third generation of shared driverless cars will propel the ‘car as a service’ paradigm into the mainstream hereby transforming the automotive industry,” says VP and practice director Dominique Bonte.
 
In the meantime, the report says pioneering car sharing 2.0 companies like Uber are operating at the ‘edge of the law’, facing multiple regulatory, legal, social, security and safety challenges, thereby pushing reforms and paving the way for the new car sharing ecosystem of the future.
 
Uber’s surge pricing approach, adopting higher rates during peak times incentivising more Uber drivers to take to the road and guaranteeing availability, also risks being banned. It is just another example of innovation ahead of its time, using dynamic demand-response pricing as an effective transportation and traffic management instrument.

Related Content

  • June 9, 2015
    Mobility itself is moving says cubic
    Cubic’s Chris Bax looks at the challenges and benefits of implementing transport as a service. Imagine paying for travel in exactly the same way you buy your phone service. For example, you would pay a set amount in exchange for a monthly travel package covering up to 100km of free taxi journeys in your home city (including a guaranteed 15 minute pickup) and public transport usage within a 1,500km radius of your home. Not only would this option be cheaper than owning and maintaining your own car, you would
  • August 23, 2012
    Global ADAS revenues to reach $460 Billion by 2020
    ABI Research is predicting that global advanced driver assistance systems (ADAS) revenues will surge from $22.7 billion in 2012 to $460.8 billion in 2017, with Asia-Pacific remaining the leading ADAS market throughout the forecast period. “Both commercial and regulatory drivers are expected to boost the ADAS market in the coming years,” says VP and practice director Dominique Bonte. “On the one hand, OEMs such as Ford have started rolling out ADAS features on medium to low-end cars in order to bolster their
  • October 11, 2013
    Full electric vehicle shipments to exceed 2 million by 2020
    According to ABI Research, the number of full electric vehicles (EV) shipping yearly will increase from 150,000 in 2013 to 2.36 million in 2020, representing a CAGR of 48 per cent. Asia-Pacific will exhibit the strongest growth, driven by mounting pollution issues in its many megacities; however, true mass-market uptake will only start happening in the next decade.
  • May 16, 2012
    Rush to launch smartphone telematics applications
    The number of global users of telematics smartphone applications will increase from 3.2 million in 2011 to 129 million in 2016, with North America as the dominant region, according to the latest ABI Research forecasts. Practice director Dominique Bonte comments: “The integration of smartphones and smartphone applications into vehicles represents nothing less than a renaissance of the interest in both consumer and commercial telematics markets. Car OEMs, automotive Tier Ones, telematics service providers and