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/PRNewswire/ The global car sharing market size is estimated to grow by USD 14,854.25 million from 2022 to 2027, according to Technavio. The market is.
/PRNewswire/ The latest car sharing market report by Technavio infers that the stringent government regulations regarding emission control are driving this.
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The global car sharing market grew at a CAGR of around 8% during 2014-2019. Carsharing refers to a car rental service wherein individuals rent cars for a short time. It supports community transit, helps achieve environmental goals, decreases personal car ownership, reduces total distance traveled by the vehicle, improves urban land use and development, and provides affordable access to vehicles. At present, the rising need for cost-effective and convenient mobility services, in confluence with advancements in technology that facilitate simplified access to shared mobility platforms, is positively influencing the demand for carsharing.