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4 months ago
BOSTON–(BUSINESS WIRE)–
At the outset of the COVID-19 pandemic the outlook for peer-to-peer car sharing operators was bleak. Users and members vanished along with revenue and investment. Nearly a year later, a very different picture is emerging as operators have found renewed interest and enhanced prospects from an increased interest in personal transportation and the cost savings offered by the sharing economy.
What has emerged from this pandemic-fueled recovery is a global phenomenon with more than 50 P2P operators, 1.3 million vehicles, and 42 million users; reflecting low barriers to entry and a compelling low-cost, low-investment business model. In fact, more than half of the P2P operators tracked in Strategy Analytics’ database were founded within the last three years, suggesting the global P2P car sharing competition is just starting to heat up. ....

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