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Carsharing has been around since the 1990s, but, not surprisingly, it has seen rapid growth ever since the economy started to tank back in 2008. The increasingly popular short-term car rental solution is a great tool for people in large, urban cities, and according to a study from Colorado-based Navigant Research, the number of carshare participants will continue to climb from today’s 2.3-million users to more than 12 million by the end of the decade.
With 810,000 members, ZipCar is perhaps the globe’s biggest and most well-known carshare company, but it has its competitors, and we wouldn’t be surprised to see more companies join the fray with the expected increase also bringing the potential for more profit. The study goes on to predict that carsharing revenues will swell from $1 billion this year to around $6.3 billion by 2020. Navigant Research’s press release for its findings is posted below.Continue reading 12M carsharing users predicted by 2020, today it’s 2.3M
12M carsharing users predicted by 2020, today it’s 2.3M originally appeared on Autoblog on Tue, 17 Sep 2013 18:31:00 EST. Please see our terms for use of feeds.
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