The United States car subscription market is set to register a CAGR of 20.29% during the forecast period, 2021-2026. The innovative automotive sector is the primary factor fueling the market growth.
UNITED STATES CAR SUBSCRIPTION MARKET FORECAST 2021-2026
United States Car Subscription Market by Subscription Provider (OEM, Third Party Service Providers) Market by Subscription Period (1 to 6 Months Subscription, 6 to 12 Months Subscription, Over 12 Months Subscription) Market by Type of Vehicle (Electric Vehicle, Combustion-based Vehicle) Market by User Type (Corporate User, Personal User)
The United States car subscription market is set to register a CAGR of 20.29% during the forecast period, 2021-2026. The innovative automotive sector is the primary factor fueling the market growth.
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Car subscription is a new ownership model with fixed periodic fees covering the maintenance and insurance expenses of the car. The minimum duration is one month, and the maximum duration is two years. The market growth is attributed to the benefits over leasing, affordability, convenience, and flexibility of car subscriptions. In the past decade, exploring mobility alternatives and new products through online channels has become effortless. Also, there is an increasing inclination to utilize new services, leading to a remarkable shift in the automotive retailing space. Car dealerships are evaluated to be one of the prominent factors impacting consumer decisions. Also, digital channels are gaining popularity. Moreover, with the growing use of digital channels to pay up finances, the demand for vehicle subscriptions is set to increase vehicle subscriptions in developed countries like the United States.
Hertz Global is a car rental company that operates Thrifty, Dollar, Firefly, and Hertz vehicle rental brands. In addition, it provides Hertz 24/7, a car-sharing membership service. The company has more than 10,200 franchisees and owned rental car store locations globally. It sells vehicles through Rent2Buy and Hertz Car Sales. The company has services in 150 different countries, with headquarters in Estero, Florida, United States.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON CAR SUBSCRIPTION MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY SUBSCRIPTION PROVIDER
- OEM
- THIRD PARTY SERVICE PROVIDERS
- MARKET BY SUBSCRIPTION PERIOD
- 1 TO 6 MONTHS SUBSCRIPTION
- 6 TO 12 MONTHS SUBSCRIPTION
- OVER 12 MONTHS SUBSCRIPTION
- MARKET BY TYPE OF VEHICLE
- ELECTRIC VEHICLE
- COMBUSTION-BASED VEHICLE
- MARKET BY USER TYPE
- CORPORATE USER
- PERSONAL USER
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS
- COMPANY PROFILES
- AVIS BUDGET GROUP
- DROVER LIMITED (ACQUIRED BY CAZOO LTD)
- ENTERPRISE HOLDINGS
- HERTZ GERMANY
- HYUNDAI MOTOR
- LMP AUTOMOTIVE HOLDINGS
- NISSAN MOTOR CORPORATION
- PORSCHE AUTOMOBIL HOLDING SE
- SIXT SE
- TOYOTA MOTOR CORPORATION
- VOLVO CARE
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – CAR SUBSCRIPTION
TABLE 2: UNITED STATES CAR SUBSCRIPTION MARKET, BY SUBSCRIPTION PROVIDER, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 3: UNITED STATES CAR SUBSCRIPTION MARKET, BY SUBSCRIPTION PERIOD, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 4: UNITED STATES CAR SUBSCRIPTION MARKET, BY TYPE OF VEHICLE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 5: UNITED STATES CAR SUBSCRIPTION MARKET, BY USER TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 6: LIST OF MERGERS & ACQUISITIONS
TABLE 7: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 8: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 9: LIST OF BUSINESS EXPANSIONS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY SUBSCRIPTION PROVIDER, IN 2020
FIGURE 6: UNITED STATES CAR SUBSCRIPTION MARKET, BY OEM, 2021-2026 (IN $ MILLION)
FIGURE 7: UNITED STATES CAR SUBSCRIPTION MARKET, BY THIRD PARTY SERVICE PROVIDERS, 2021-2026 (IN $ MILLION)
FIGURE 8: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY SUBSCRIPTION PERIOD, IN 2020
FIGURE 9: UNITED STATES CAR SUBSCRIPTION MARKET, BY 1 TO 6 MONTHS SUBSCRIPTION, 2021-2026 (IN $ MILLION)
FIGURE 10: UNITED STATES CAR SUBSCRIPTION MARKET, BY 6 TO 12 MONTHS SUBSCRIPTION, 2021-2026 (IN $ MILLION)
FIGURE 11: UNITED STATES CAR SUBSCRIPTION MARKET, BY OVER 12 MONTHS SUBSCRIPTION, 2021-2026 (IN $ MILLION)
FIGURE 12: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY TYPE OF VEHICLE, IN 2020
FIGURE 13: UNITED STATES CAR SUBSCRIPTION MARKET, BY ELECTRIC VEHICLE, 2021-2026 (IN $ MILLION)
FIGURE 14: UNITED STATES CAR SUBSCRIPTION MARKET, BY COMBUSTION-BASED VEHICLE, 2021-2026 (IN $ MILLION)
FIGURE 15: UNITED STATES CAR SUBSCRIPTION MARKET, GROWTH POTENTIAL, BY USER TYPE, IN 2020
FIGURE 16: UNITED STATES CAR SUBSCRIPTION MARKET, BY CORPORATE USER, 2021-2026 (IN $ MILLION)
FIGURE 17: UNITED STATES CAR SUBSCRIPTION MARKET, BY PERSONAL USER, 2021-2026 (IN $ MILLION)
- MARKET BY SUBSCRIPTION PROVIDER
- OEM
- THIRD PARTY SERVICE PROVIDERS
- MARKET BY SUBSCRIPTION PERIOD
- 1 TO 6 MONTHS SUBSCRIPTION
- 6 TO 12 MONTHS SUBSCRIPTION
- OVER 12 MONTHS SUBSCRIPTION
- MARKET BY TYPE OF VEHICLE
- ELECTRIC VEHICLE
- COMBUSTION-BASED VEHICLE
- MARKET BY USER TYPE
- CORPORATE USER
- PERSONAL USER
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