About Car Sharing Telematics
Car sharing is a decentralised car rental service that complements other forms of transportation including walking, bicycling, and public transportation by focusing on short-term rentals. By making access to cars more accessible, car sharing aims to offer an alternative to private car ownership without limiting individual mobility. Members can access a fleet of shared cars from unattended self-service sites thanks to car sharing organisations (CSOs). The main facilitators of car sharing services are telematics systems and cellphones. An on-board computer, telematics device, and RFID reader are included in the in-vehicle hardware technologies for car sharing services. These devices are used to record trip data, enable fleet administration, and grant access to the car via an RFID smartcard or smartphone app. Currently, the vehicle sharing business is likely to continue its rapid expansion.
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Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Car Sharing Telematics market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
INVERS GmbH (Germany), Convadis AG (Switzerland), Continental Aftermarket & Services (Germany), Octo Group S.p.A (Italy), Vulog (France), Ridecell, Inc (United States), Mobility Tech Green (France), Targa Telematic (Italy), OpenFleet (Canada) and WeGo B.V. (The Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Fleetster (Germany) and MoC Sharing (United States).
AMA Research has segmented the market of Global Car Sharing Telematics market by , Application (Asset/ Fleet Management, Navigation & Location-Based System, Infotainment System, Insurance Telematics, Safety & Security and Others) and Region.
On the basis of geography, the market of Car Sharing Telematics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Car Sharing Telematics Market Dynamics:
- Increasing Adoption of Telematics-Based Insurance
- Rising IoT, AI, and Machine Learning based solutions for Car sharing Telematics
- Growing Autonomous vehicles are anticipated to transform the Car sharing Telematics Landscape
- Car Sharing is becoming Increasingly Integrated with Other Mobility Services
- Car Sharing and Public Transport Ecosystems to Converge
- Electric Cars are Natural Fit for Car Sharing
- Threat of Data Hacking
- Lack of Uninterrupted
- Have Seamless Internet Connectivity
|Road Blocks / Challenges|
- High Demand and Low Supply
- High Installation Cost
|Gaps & Opportunities|
- Increasing Smartphone Demand Supplements the Adoption of Telematics Solutions and Services
Market Leaders and their expansionary development strategies
In 2022, OCTO Telematics and Ford Motor Company introduced a new settlement to amplify records streaming throughout Europe. OCTO will beautify its market-telematics offerings in insurance plan and analytical offerings in the UK, Italy, Germany, France, and Spain with the aid of leveraging Ford's linked vehicle data.
In 2021, Vulog, a mobility technological know-how provider, raised USD 31 million from the European Investment Bank (EIB) and its present day investors. The funding is aimed at decreasing carbon emissions, such as the provision of cleaner transportation options, amongst different things.
The governing bodies all throughout the globe are introducing new emission requirements with the goal to limit the quantity of air pollution induced by means of vehicles. The growing income of automobiles considerably leads to the declining air quality. Government companies are upgrading emission requirements for merchandising the manufacturing and use of non-polluting inexperienced vehicles. The improvement and adoption of inexperienced cars is anticipated to make a contribution toward the discount of greenhouse gasoline (GHG) tiers in the atmosphere. Further, the upward jostle in occurrences of street accidents is in addition predicted to force the market over the forecast period. There is an extend in the want for security measures with the rising issues for lowering human casualties and vehicular damages. The enlarge in visitors leads to several issues, such as the want for fine vehicular mass transportation, disoriented transits, and site visitors congestions on the road.
Key Target Audience
Car Sharing Telematics Providers, Government Regulations, Venture Capitalists and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.