- By Business Model (OEM Automakers, Dealerships, Pure Subscription, Car Rental Leasing Companies)
- By Subscription Model (Single-Vehicle Subscription, Multi-Vehicle Subscription, Tiered Subscription)
- By Duration (Short-Term (Daily/Weekly), Medium-Term (Monthly/Quarterly), Long-Term (Yearly))
- By Vehicle Type (Sedans, SUVs/Crossovers, Hatchbacks, Luxury Cars, Others)
- By End User (Individual Consumers, Corporate/Enterprise, Ride-Hailing Companies)
VEHICLE SUBSCRIPTION MARKET REPORT CUSTOMIZATIONRequest Sample PDF to View Undisclosed Values
| Additional Scope Customization |
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| Additional Qualitative Customization |
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REPORT OVERVIEW
The global vehicle subscription market size was valued at USD XX billion Request Sample PDF to View Undisclosed Values in the year 2023. The vehicle subscription market is projected to grow from USD XX billion in 2024 to USD XX billion by the year 2032, exhibiting a notable CAGR of XX%.
Vehicle subscription is a modern mobility solution that offers consumers a flexible alternative to traditional car ownership or leasing. With a vehicle subscription, customers pay a recurring fee to access a vehicle or a fleet of vehicles for a specified period, typically ranging from weeks to months. This model provides greater flexibility and convenience compared to traditional ownership, allowing subscribers to enjoy the benefits of driving without the commitment of owning a vehicle outright. One key feature of vehicle subscription is its all-inclusive nature. Subscribers typically pay a single monthly fee that covers various expenses associated with vehicle ownership, such as insurance, maintenance, roadside assistance, and sometimes even registration fees.
This comprehensive package simplifies the car ownership experience by consolidating costs into a predictable monthly payment, eliminating the hassle of budgeting for additional expenses like repairs or servicing. Another advantage of vehicle subscription is the ability to switch between different vehicle models based on changing needs or preferences. Subscribers can upgrade or downgrade their vehicle choices within the subscription service, from compact cars to luxury SUVs. Vehicle subscription services are often facilitated through mobile apps or online platforms, making it convenient for users to manage their subscriptions, book vehicles, and access support services. The changing consumer behavior towards vehicle ownership access is expected to boost the global vehicle subscription market growth in the forecast period.
GLOBAL VEHICLE SUBSCRIPTION MARKET TREND
The Rising Adoption of Electric Vehicle (EVs) and Vehicle-as-a-Service are Prominent Trends in the Global Vehicle Subscription Market
The rising adoption of electric vehicles (EVs) represents a prominent trend within the global vehicle subscription market, driven by a convergence of factors including environmental concerns, technological advancements, and shifting consumer preferences. The expected increase in electric vehicle adoption through car subscriptions is happening in real-time, indicating significant growth in the EV market over the past year. Tesla continues to be a favored option among consumers, especially with the Tesla Model 3 ranking as the top choice for 2024. Moreover, major players are focusing on adding electric vehicles to their car subscription strategies.
For instance, in August 2022, Autonomy, the largest U.S.-based electric vehicle subscription company, initiated an order for 23,000 electric vehicles from 17 leading global automakers. This strategic move aims to broaden and diversify Autonomy’s subscription fleet beyond Tesla vehicles. The fleet order, valued at USD 1.2 billion, encompasses 45 different electric vehicle models sourced from the 17 automakers involved in the collaboration.
Furthermore, the versatility and adaptability of electric vehicles align well with the flexibility that vehicle subscription services provide. Subscribers benefit from the latest EV models without the concerns associated with ownership, such as depreciation or maintenance costs. This flexibility is particularly appealing to urban dwellers and businesses seeking cost-effective and sustainable mobility solutions tailored to their evolving needs. Furthermore, new product launches, autonomous vehicles, connected cars, the Internet of Things (IoT), vehicle-as-a-service, strategic partnerships and collaborations, and government initiatives are key trends in the global vehicle subscription market.
DRIVING FACTORS FOR GLOBAL VEHICLE SUBSCRIPTION MARKET OUTLOOK
The Shift towards Access over Ownership Will Catalyze the Global Vehicle Subscription Market Growth
The shift towards access over ownership is mainly because of consumer preferences, especially among urban dwellers and younger demographics, who prioritize convenience, flexibility, and affordability in their transportation choices. Vehicle subscription services offer an attractive alternative to ownership by providing on-demand access to vehicles without the financial burdens and responsibilities associated with buying or leasing a car outright. Additionally, subscription services offer a hassle-free experience where customers pay a fixed monthly fee to access a range of vehicles, often including insurance, maintenance, and other services.
In 2022, the European Union (EU) had an average of 560 passenger cars per 1,000 inhabitants. Over the decade from 2012 to 2022, this average increased by 14.3%, rising from 490 to 560 passenger cars per 1,000 inhabitants.
Total No. of Passenger Cars in U.K., By Type, 2023 (Thousand)
Moreover, advancements in technology, including mobile apps, connected vehicles, and innovative business models, are facilitating the expansion of the vehicle subscription market. Digital platforms enable seamless subscription management, vehicle tracking, and customer support, enhancing the overall user experience. Collaborations between automakers, rental agencies, and technology firms are also driving innovation and diversifying subscription offerings, further propelling the growth of this dynamic market.
RESTRAINING FACTORS FOR GLOBAL VEHICLE SUBSCRIPTION MARKET ECONOMY
Limited Consumer Awareness and Regulatory Uncertainty May Hamper the Global Vehicle Subscription Market Growth
Consumer awareness refers to the understanding and knowledge consumers have about vehicle subscription services, including how they work, their benefits, and their availability. Many potential customers may still be unfamiliar with the concept of vehicle subscription and its advantages over traditional car ownership or leasing. This lack of awareness can result in lower adoption rates and slower market growth, as consumers may be hesitant to try a new mobility model they do not fully understand.
In addition to consumer awareness, regulatory uncertainty presents another obstacle to the expansion of vehicle subscription services. The regulatory landscape surrounding vehicle subscriptions varies widely across different regions and countries. Regulations related to vehicle registration, insurance, taxation, and liability may not be well-defined or specifically tailored to accommodate subscription-based models. This ambiguity can create challenges for service providers in terms of compliance, increasing operational costs, and navigating legal complexities.
REGIONAL INSIGHTS
Geographically, the global vehicle subscription market is segmented into North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.
Global Vehicle Subscription Market Share – By Country (2023)
North America leads in vehicle subscription services due to high consumer acceptance, especially in urban areas. Demand is driven by convenience, access to premium vehicles, and flexibility. Companies like Cox Automotive, Canvas (by Ford), and Volvo are prominent players in this region. For instance, in January 2022, GO, an innovative car subscription startup, revealed the expansion into four new markets, bringing its presence to a total of eight major locations across the United States. The newly added markets encompass Philadelphia, Northern New Jersey, Miami, Orlando, Atlanta, Dallas, Houston, and Charlotte. Additional market announcements are expected in the coming years.
Europe is experiencing rapid expansion in vehicle subscription services, fueled by millennial preferences and evolving mobility preferences. Countries like Germany, known for its strong automotive industry, host a thriving market with automakers such as Mercedes-Benz, BMW, and Volkswagen actively offering subscription services. For instance, in October 2022, PSA Financial Services Netherlands, a collaboration between Banque PSA Finance (Stellantis) and Santander, teamed up with the Norwegian startup Casi, previously known as imove, to introduce a car subscription service named Drivenjoy in the Netherlands. Drivenjoy features vehicles from three distinct brands including Peugeot, Citroen, and DS.
Asia Pacific is witnessing rapid growth in the vehicle subscription market, driven by countries like China, Japan, India, and South Korea. Automakers like Toyota and Hyundai are expanding their services. China, as the world’s largest automotive market, hosts a burgeoning subscription market with startups. For instance, Zeekr, the Chinese smart car brand, has unveiled its vehicle subscription service named “Zeekr Subscription” and inaugurated its initial operations in Hangzhou. Users have the option to rent vehicles and access customized travel services via the Zeekr App, Zeekr Subscription App, and the WeChat mini program. This new offering also facilitates a free deposit process through Zhima Credit.
In the Middle East, countries like the United Arab Emirates and Saudi Arabia are investing in vehicle subscription projects as part of their smart city initiatives. Other regions such as Latin America and Africa are expected to witness growth in the forecast period.
KEY INDUSTRY PLAYERS
Key Players are Focusing on Geographic Expansion, Electric Vehicles (EVs), Mergers & Acquisitions, Partnerships, and Acquisitions to increase the Global Market Share
The global vehicle subscription market comprises key players, such as Ford Motor Company, The Hyundai Motor Company, Dr. Ing. h.c. F. Porsche AG, Volvo Car AB, NextCar Holding Company, Inc., and others. These players are focusing on geographic expansion, mergers & acquisitions, partnerships, and acquisitions to increase their market share in the global market. For instance, in January 2024, Finn secured around USD 110 million in funding that it intends to allocate towards expanding its technological capabilities and market presence, including a pivot towards incorporating more electric vehicles and cloud-based tools to enhance service management. The company presently oversees 25,000 subscriptions across Germany and the U.S.
LIST OF KEY MARKET PLAYERS
- Ford Motor Company (U.S.)
- The Hyundai Motor Company (South Korea)
- Dr. Ing. h.c. F. Porsche AG (Germany)
- Volvo Car AB (Sweden)
- NextCar Holding Company, Inc. (Autonomy) (U.S.)
- Enterprise Holdings (U.S.)
- Finn of America, Inc. (U.S.)
- Sixt SE (Germany)
- Flexdrive Services, LLC (U.S.)
- Cox Automotive Inc. (U.S.)
- Cluno GmbH (Germany)
- Hertz Global Holdings (U.S.)
KEY INDUSTRY DEVELOPMENTS:
In September 2023, Autonomy, the largest electric vehicle (EV) subscription company in the nation, announced its partnership with EV Auto, the fastest-growing EV-only car dealership in the nation based in Utah and now expanding nationwide. This collaboration is intended to broaden access to affordable and convenient EV ownership through dealerships throughout the country.
In February 2023, Hyundai Motor America, in collaboration with Hyundai Capital America, unveiled its new Evolve+ electric vehicle subscription service. Evolve+ offers a month-to-month subscription model covering 1,000 miles, insurance, maintenance, registration, and roadside assistance, starting at USD 699 per month for a Kona Electric and USD 899 per month for an IONIQ 5.
REPORT COVERAGE
The vehicle subscription market research report provides a detailed market analysis comprising all major aspects such as market estimation, market forecast, supply chain analysis, the impact of regulations, and so on. Moreover, the market report offers insights into vehicle subscription market trends and highlights major industry developments across the globe.
VEHICLE SUBSCRIPTION MARKET REPORT SCOPE & SEGMENTATION
| Study Period | 2019-2032 |
|---|---|
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Period | 2019-2022 |
| Unit | Value (USD Billion) |
| Market Segmentation | By Business Model
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By Subscription Model
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By Duration
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By Vehicle Type
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By End User
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| By Geography |
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Frequently Asked Questions
Vehicle subscription is a mobility solution in which customers pay a recurring fee to access a vehicle or a fleet of vehicles for a specified period, typically ranging from weeks to months.
The Shift towards access over ownership is the driving factor in the vehicle subscription market forecast.
Limited consumer awareness and regulatory uncertainty may hamper the global vehicle subscription market growth.
The Rising Adoption of Electric Vehicle (EVs) and Vehicle-as-a-Service are prominent trends in the global vehicle subscription market.
Some of the top players in the market are Ford Motor Company, The Hyundai Motor Company, Dr. Ing. h.c. F. Porsche AG, Volvo Car AB, NextCar Holding Company, Inc., and others.
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Market Penetration Strategies – Merger & Acquisition, Partnership & Collaboration, R&D Investment and Others
4.2. Regulatory Landscape
4.3. Supply Chain Analysis
4.4. Latest Technological Advancements
4.5. Qualitative Insights – Impact of COVID-19 Pandemic on Global Vehicle Subscription Market
5. Global Vehicle Subscription Market Analysis, Insights and Forecast, 2019-2032
5.1 Key Findings / Definition
5.2. Market Analysis, Insights and Forecast – By Business Model
5.2.1. OEM Automakers
5.2.2. Dealerships
5.2.3. Pure Subscription
5.2.4. Car Rental Leasing Companies
5.3. Market Analysis, Insights and Forecast – By Subscription Model
5.3.1. Single-Vehicle Subscription
5.3.2. Multi-Vehicle Subscription
5.3.3. Tiered Subscription
5.4. Market Analysis, Insights and Forecast – By Duration
5.4.1. Short-Term (Daily/Weekly)
5.4.2. Medium-Term (Monthly/Quarterly)
5.4.3. Long-Term (Yearly)
5.5. Market Analysis, Insights and Forecast – By Vehicle Type
5.5.1. Sedans
5.5.2. SUVs/Crossovers
5.5.3. Hatchbacks
5.5.4. Luxury Cars
5.5.5. Others
5.6. Market Analysis, Insights and Forecast – By End User
5.6.1. Individual Consumers
5.6.2. Corporate/Enterprise
5.6.3. Ride-Hailing Companies
5.7. Market Analysis, Insights and Forecast – By Region
5.7.1. North America
5.7.2. Europe
5.7.3. Asia Pacific
5.7.4. Middle East
5.7.5. Rest of the World
6. North America Vehicle Subscription Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast – By Business Model
6.1.1. OEM Automakers
6.1.2. Dealerships
6.1.3. Pure Subscription
6.1.4. Car Rental Leasing Companies
6.2. Market Analysis, Insights and Forecast – By Subscription Model
6.2.1. Single-Vehicle Subscription
6.2.2. Multi-Vehicle Subscription
6.2.3. Tiered Subscription
6.3. Market Analysis, Insights and Forecast – By Duration
6.3.1. Short-Term (Daily/Weekly)
6.3.2. Medium-Term (Monthly/Quarterly)
6.3.3. Long-Term (Yearly)
6.4. Market Analysis, Insights and Forecast – By Vehicle Type
6.4.1. Sedans
6.4.2. SUVs/Crossovers
6.4.3. Hatchbacks
6.4.4. Luxury Cars
6.4.5. Others
6.5. Market Analysis, Insights and Forecast – By End User
6.5.1. Individual Consumers
6.5.2. Corporate/Enterprise
6.5.3. Ride-Hailing Companies
6.6. Market Analysis, Insights and Forecast – By Country
6.6.1. U.S.
6.6.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
6.6.1.1.1. Sedans
6.6.1.1.2. SUVs/Crossovers
6.6.1.1.3. Hatchbacks
6.6.1.1.4. Luxury Cars
6.6.1.1.5. Others
6.6.2. Canada
6.6.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
6.6.2.1.1. Sedans
6.6.2.1.2. SUVs/Crossovers
6.6.2.1.3. Hatchbacks
6.6.2.1.4. Luxury Cars
6.6.2.1.5. Others
7. Europe Vehicle Subscription Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast – By Business Model
7.1.1. OEM Automakers
7.1.2. Dealerships
7.1.3. Pure Subscription
7.1.4. Car Rental Leasing Companies
7.2. Market Analysis, Insights and Forecast – By Subscription Model
7.2.1. Single-Vehicle Subscription
7.2.2. Multi-Vehicle Subscription
7.2.3. Tiered Subscription
7.3. Market Analysis, Insights and Forecast – By Duration
7.3.1. Short-Term (Daily/Weekly)
7.3.2. Medium-Term (Monthly/Quarterly)
7.3.3. Long-Term (Yearly)
7.4. Market Analysis, Insights and Forecast – By Vehicle Type
7.4.1. Sedans
7.4.2. SUVs/Crossovers
7.4.3. Hatchbacks
7.4.4. Luxury Cars
7.4.5. Others
7.5. Market Analysis, Insights and Forecast – By End User
7.5.1. Individual Consumers
7.5.2. Corporate/Enterprise
7.5.3. Ride-Hailing Companies
7.6. Market Analysis, Insights and Forecast – By Country
7.6.1. U.K.
7.6.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
7.6.1.1.1. Sedans
7.6.1.1.2. SUVs/Crossovers
7.6.1.1.3. Hatchbacks
7.6.1.1.4. Luxury Cars
7.6.1.1.5. Others
7.6.2. Germany
7.6.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
7.6.2.1.1. Sedans
7.6.2.1.2. SUVs/Crossovers
7.6.2.1.3. Hatchbacks
7.6.2.1.4. Luxury Cars
7.6.2.1.5. Others
7.6.3. France
7.6.3.1. Market Analysis, Insights and Forecast – By Vehicle Type
7.6.3.1.1. Sedans
7.6.3.1.2. SUVs/Crossovers
7.6.3.1.3. Hatchbacks
7.6.3.1.4. Luxury Cars
7.6.3.1.5. Others
7.6.4. Italy
7.6.4.1. Market Analysis, Insights and Forecast – By Vehicle Type
7.6.4.1.1. Sedans
7.6.4.1.2. SUVs/Crossovers
7.6.4.1.3. Hatchbacks
7.6.4.1.4. Luxury Cars
7.6.4.1.5. Others
7.6.5. Russia
7.6.5.1. Market Analysis, Insights and Forecast – By Vehicle Type
7.6.5.1.1. Sedans
7.6.5.1.2. SUVs/Crossovers
7.6.5.1.3. Hatchbacks
7.6.5.1.4. Luxury Cars
7.6.5.1.5. Others
7.6.6. Sweden
7.6.6.1. Market Analysis, Insights and Forecast – By Vehicle Type
7.6.6.1.1. Sedans
7.6.6.1.2. SUVs/Crossovers
7.6.6.1.3. Hatchbacks
7.6.6.1.4. Luxury Cars
7.6.6.1.5. Others
7.6.7. Rest of Europe
7.6.7.1. Market Analysis, Insights and Forecast – By Vehicle Type
7.6.7.1.1. Sedans
7.6.7.1.2. SUVs/Crossovers
7.6.7.1.3. Hatchbacks
7.6.7.1.4. Luxury Cars
7.6.7.1.5. Others
8. Asia Pacific Vehicle Subscription Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast – By Business Model
8.1.1. OEM Automakers
8.1.2. Dealerships
8.1.3. Pure Subscription
8.1.4. Car Rental Leasing Companies
8.2. Market Analysis, Insights and Forecast – By Subscription Model
8.2.1. Single-Vehicle Subscription
8.2.2. Multi-Vehicle Subscription
8.2.3. Tiered Subscription
8.3. Market Analysis, Insights and Forecast – By Duration
8.3.1. Short-Term (Daily/Weekly)
8.3.2. Medium-Term (Monthly/Quarterly)
8.3.3. Long-Term (Yearly)
8.4. Market Analysis, Insights and Forecast – By Vehicle Type
8.4.1. Sedans
8.4.2. SUVs/Crossovers
8.4.3. Hatchbacks
8.4.4. Luxury Cars
8.4.5. Others
8.5. Market Analysis, Insights and Forecast – By End User
8.5.1. Individual Consumers
8.5.2. Corporate/Enterprise
8.5.3. Ride-Hailing Companies
8.6. Market Analysis, Insights and Forecast – By Country
8.6.1. China
8.6.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
8.6.1.1.1. Sedans
8.6.1.1.2. SUVs/Crossovers
8.6.1.1.3. Hatchbacks
8.6.1.1.4. Luxury Cars
8.6.1.1.5. Others
8.6.2. India
8.6.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
8.6.2.1.1. Sedans
8.6.2.1.2. SUVs/Crossovers
8.6.2.1.3. Hatchbacks
8.6.2.1.4. Luxury Cars
8.6.2.1.5. Others
8.6.3. Japan
8.6.3.1. Market Analysis, Insights and Forecast – By Vehicle Type
8.6.3.1.1. Sedans
8.6.3.1.2. SUVs/Crossovers
8.6.3.1.3. Hatchbacks
8.6.3.1.4. Luxury Cars
8.6.3.1.5. Others
8.6.4. Australia
8.6.4.1. Market Analysis, Insights and Forecast – By Vehicle Type
8.6.4.1.1. Sedans
8.6.4.1.2. SUVs/Crossovers
8.6.4.1.3. Hatchbacks
8.6.4.1.4. Luxury Cars
8.6.4.1.5. Others
8.6.5. South Korea
8.6.5.1. Market Analysis, Insights and Forecast – By Vehicle Type
8.6.5.1.1. Sedans
8.6.5.1.2. SUVs/Crossovers
8.6.5.1.3. Hatchbacks
8.6.5.1.4. Luxury Cars
8.6.5.1.5. Others
8.6.6. Rest of Asia Pacific
8.6.6.1. Market Analysis, Insights and Forecast – By Vehicle Type
8.6.6.1.1. Sedans
8.6.6.1.2. SUVs/Crossovers
8.6.6.1.3. Hatchbacks
8.6.6.1.4. Luxury Cars
8.6.6.1.5. Others
9. Middle East Vehicle Subscription Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis, Insights and Forecast – By Business Model
9.1.1. OEM Automakers
9.1.2. Dealerships
9.1.3. Pure Subscription
9.1.4. Car Rental Leasing Companies
9.2. Market Analysis, Insights and Forecast – By Subscription Model
9.2.1. Single-Vehicle Subscription
9.2.2. Multi-Vehicle Subscription
9.2.3. Tiered Subscription
9.3. Market Analysis, Insights and Forecast – By Duration
9.3.1. Short-Term (Daily/Weekly)
9.3.2. Medium-Term (Monthly/Quarterly)
9.3.3. Long-Term (Yearly)
9.4. Market Analysis, Insights and Forecast – By Vehicle Type
9.4.1. Sedans
9.4.2. SUVs/Crossovers
9.4.3. Hatchbacks
9.4.4. Luxury Cars
9.4.5. Others
9.5. Market Analysis, Insights and Forecast – By End User
9.5.1. Individual Consumers
9.5.2. Corporate/Enterprise
9.5.3. Ride-Hailing Companies
9.6. Market Analysis, Insights and Forecast – By Country
9.6.1. UAE
9.6.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
9.6.1.1.1. Sedans
9.6.1.1.2. SUVs/Crossovers
9.6.1.1.3. Hatchbacks
9.6.1.1.4. Luxury Cars
9.6.1.1.5. Others
9.6.2. Saudi Arabia
9.6.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
9.6.2.1.1. Sedans
9.6.2.1.2. SUVs/Crossovers
9.6.2.1.3. Hatchbacks
9.6.2.1.4. Luxury Cars
9.6.2.1.5. Others
9.6.3. Rest of Middle East
9.6.3.1. Market Analysis, Insights and Forecast – By Vehicle Type
9.6.3.1.1. Sedans
9.6.3.1.2. SUVs/Crossovers
9.6.3.1.3. Hatchbacks
9.6.3.1.4. Luxury Cars
9.6.3.1.5. Others
10. Rest of the World Vehicle Subscription Market Analysis, Insights and Forecast, 2019-2032
10.1. Market Analysis, Insights and Forecast – By Business Model
10.1.1. OEM Automakers
10.1.2. Dealerships
10.1.3. Pure Subscription
10.1.4. Car Rental Leasing Companies
10.2. Market Analysis, Insights and Forecast – By Subscription Model
10.2.1. Single-Vehicle Subscription
10.2.2. Multi-Vehicle Subscription
10.2.3. Tiered Subscription
10.3. Market Analysis, Insights and Forecast – By Duration
10.3.1. Short-Term (Daily/Weekly)
10.3.2. Medium-Term (Monthly/Quarterly)
10.3.3. Long-Term (Yearly)
10.4. Market Analysis, Insights and Forecast – By Vehicle Type
10.4.1. Sedans
10.4.2. SUVs/Crossovers
10.4.3. Hatchbacks
10.4.4. Luxury Cars
10.4.5. Others
10.5. Market Analysis, Insights and Forecast – By End User
10.5.1. Individual Consumers
10.5.2. Corporate/Enterprise
10.5.3. Ride-Hailing Companies
10.6. Market Analysis, Insights and Forecast – By Sub-Region
10.6.1. Latin America
10.6.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
10.6.1.1.1. Sedans
10.6.1.1.2. SUVs/Crossovers
10.6.1.1.3. Hatchbacks
10.6.1.1.4. Luxury Cars
10.6.1.1.5. Others
10.6.2. Africa
10.6.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
10.6.2.1.1. Sedans
10.6.2.1.2. SUVs/Crossovers
10.6.2.1.3. Hatchbacks
10.6.2.1.4. Luxury Cars
10.6.2.1.5. Others
11. Competitive Analysis
11.1. Global Market Rank Analysis (2023)
11.2. Competitive Dashboard
12. Company Profiles (Overview, Products & Services, Financials (Based on Availability), Recent Developments, Strategies, SWOT Analysis)
12.1. Ford Motor Company (U.S.)
12.2. The Hyundai Motor Company (South Korea)
12.3. Dr. Ing. h.c. F. Porsche AG (Germany)
12.4. Volvo Car AB (Sweden)
12.5. NextCar Holding Company, Inc. (Autonomy) (U.S.)
12.6. Enterprise Holdings (U.S.)
12.7. Finn of America, Inc. (U.S.)
12.8. Sixt SE (Germany)
12.9. Flexdrive Services, LLC (U.S.)
12.10. Cox Automotive Inc. (U.S.)
12.11. Cluno GmbH (Germany)
12.12. Hertz Global Holdings (U.S.)
Table 1: Global Vehicle Subscription Market, (USD Billion) Forecast, By Business Model, 2019-2032
Table 2: Global Vehicle Subscription Market, (USD Billion) Forecast, By Subscription Model, 2019-2032
Table 3: Global Vehicle Subscription Market, (USD Billion) Forecast, By Duration, 2019-2032
Table 4: Global Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 5: Global Vehicle Subscription Market, (USD Billion) Forecast, By End User, 2019-2032
Table 6: Global Vehicle Subscription Market (USD Billion) Forecast, By Region, 2019-2032
Table 7: North America Vehicle Subscription Market, (USD Billion) Forecast, By Business Model, 2019-2032
Table 8: North America Vehicle Subscription Market, (USD Billion) Forecast, By Subscription Model, 2019-2032
Table 9: North America Vehicle Subscription Market, (USD Billion) Forecast, By Duration, 2019-2032
Table 10: North America Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 11: North America Vehicle Subscription Market, (USD Billion) Forecast, By End User, 2019-2032
Table 12: North America Vehicle Subscription Market (USD Billion) Forecast, By Country, 2019-2032
Table 13: U.S. Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 14: Canada Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 15: Europe Vehicle Subscription Market, (USD Billion) Forecast, By Business Model, 2019-2032
Table 16: Europe Vehicle Subscription Market, (USD Billion) Forecast, By Subscription Model, 2019-2032
Table 17: Europe Vehicle Subscription Market, (USD Billion) Forecast, By Duration, 2019-2032
Table 18: Europe Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 19: Europe Vehicle Subscription Market, (USD Billion) Forecast, By End User, 2019-2032
Table 20: Europe Vehicle Subscription Market (USD Billion) Forecast, By Country, 2019-2032
Table 21: U.K. Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 22: Germany Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 23: France Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 24: Italy Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 25: Russia Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 26: Sweden Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 27: Rest of Europe Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 28: Asia Pacific Vehicle Subscription Market, (USD Billion) Forecast, By Business Model, 2019-2032
Table 29: Asia Pacific Vehicle Subscription Market, (USD Billion) Forecast, By Subscription Model, 2019-2032
Table 30: Asia Pacific Vehicle Subscription Market, (USD Billion) Forecast, By Duration, 2019-2032
Table 31: Asia Pacific Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 32: Asia Pacific Vehicle Subscription Market, (USD Billion) Forecast, By End User, 2019-2032
Table 33: Asia Pacific Vehicle Subscription Market (USD Billion) Forecast, By Country, 2019-2032
Table 34: China Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 35: India Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 36: Japan Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 37: Australia Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 38: South Korea Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 39: Rest of Asia Pacific Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 40: Middle East Vehicle Subscription Market, (USD Billion) Forecast, By Business Model, 2019-2032
Table 41: Middle East Vehicle Subscription Market, (USD Billion) Forecast, By Subscription Model, 2019-2032
Table 42: Middle East Vehicle Subscription Market, (USD Billion) Forecast, By Duration, 2019-2032
Table 43: Middle East Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 44: Middle East Vehicle Subscription Market, (USD Billion) Forecast, By End User, 2019-2032
Table 45: Middle East Vehicle Subscription Market (USD Billion) Forecast, By Country, 2019-2032
Table 46: UAE Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 47: Saudi Arabia Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 48: Rest of Middle East Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 49: Rest of the World Vehicle Subscription Market, (USD Billion) Forecast, By Business Model, 2019-2032
Table 50: Rest of the World Vehicle Subscription Market, (USD Billion) Forecast, By Subscription Model, 2019-2032
Table 51: Rest of the World Vehicle Subscription Market, (USD Billion) Forecast, By Duration, 2019-2032
Table 52: Rest of the World Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 53: Rest of the World Vehicle Subscription Market, (USD Billion) Forecast, By End User, 2019-2032
Table 54: Rest of the World Vehicle Subscription Market (USD Billion) Forecast, By Sub-Region, 2019-2032
Table 55: Latin America Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Table 56: Africa Vehicle Subscription Market, (USD Billion) Forecast, By Vehicle Type, 2019-2032
Figure 1: Global Vehicle Subscription Market Revenue Breakdown, (USD Billion, %), By Region, 2024 & 2032
Figure 2: Global Vehicle Subscription Market (%) Breakdown, By Business Model, 2023 & 2032
Figure 3: Global Vehicle Subscription Market (USD Billion) Breakdown, By OEM Automakers, 2019-2032
Figure 4: Global Vehicle Subscription Market (USD Billion) Breakdown, By Dealerships, 2019-2032
Figure 5: Global Vehicle Subscription Market (USD Billion) Breakdown, By Pure Subscription, 2019-2032
Figure 6: Global Vehicle Subscription Market (USD Billion) Breakdown, By Car Rental Leasing Companies, 2019-2032
Figure 7: Global Vehicle Subscription Market (%) Breakdown, By Subscription Model, 2023 & 2032
Figure 8: Global Vehicle Subscription Market (USD Billion) Breakdown, By Single-Vehicle Subscription, 2019-2032
Figure 9: Global Vehicle Subscription Market (USD Billion) Breakdown, By Multi-Vehicle Subscription, 2019-2032
Figure 10: Global Vehicle Subscription Market (USD Billion) Breakdown, By Tiered Subscription, 2019-2032
Figure 11: Global Vehicle Subscription Market (%) Breakdown, By Duration, 2023 & 2032
Figure 12: Global Vehicle Subscription Market (USD Billion) Breakdown, By Short-Term (Daily/Weekly), 2019-2032
Figure 13: Global Vehicle Subscription Market (USD Billion) Breakdown, By Medium-Term (Monthly/Quarterly), 2019-2032
Figure 14: Global Vehicle Subscription Market (USD Billion) Breakdown, By Long-Term (Yearly), 2019-2032
Figure 15: Global Vehicle Subscription Market (%) Breakdown, By Vehicle Type, 2023 & 2032
Figure 16: Global Vehicle Subscription Market (USD Billion) Breakdown, By Sedans, 2019-2032
Figure 17: Global Vehicle Subscription Market (USD Billion) Breakdown, By SUVs/Crossovers, 2019-2032
Figure 18: Global Vehicle Subscription Market (USD Billion) Breakdown, By Hatchbacks, 2019-2032
Figure 19: Global Vehicle Subscription Market (USD Billion) Breakdown, By Luxury Cars, 2019-2032
Figure 20: Global Vehicle Subscription Market (USD Billion) Breakdown, By Others, 2019-2032
Figure 21: Global Vehicle Subscription Market (%) Breakdown, By End User, 2023 & 2032
Figure 22: Global Vehicle Subscription Market (USD Billion) Breakdown, By Individual Consumers, 2019-2032
Figure 23: Global Vehicle Subscription Market (USD Billion) Breakdown, By Corporate/Enterprise, 2019-2032
Figure 24: Global Vehicle Subscription Market (USD Billion) Breakdown, By Ride-Hailing Companies, 2019-2032
Figure 25: Global Vehicle Subscription Market Share (%), By Region, 2023 & 2032
Figure 26: North America Vehicle Subscription Market Value (USD Billion), By Business Model, 2023 & 2032
Figure 27: North America Vehicle Subscription Market Value Share (%), By Business Model, 2023
Figure 28: North America Vehicle Subscription Market Value (USD Billion), By Subscription Model, 2023 & 2032
Figure 29: North America Vehicle Subscription Market Value Share (%), By Subscription Model, 2023
Figure 30: North America Vehicle Subscription Market Value (USD Billion), By Duration, 2023 & 2032
Figure 31: North America Vehicle Subscription Market Value Share (%), By Duration, 2023
Figure 32: North America Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 33: North America Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 34: North America Vehicle Subscription Market Value (USD Billion), By End User, 2023 & 2032
Figure 35: North America Vehicle Subscription Market Value Share (%), By End User, 2023
Figure 36: North America Vehicle Subscription Market Value (USD Billion), By Country, 2023 & 2032
Figure 37: North America Vehicle Subscription Value Share (%), By Country, 2023
Figure 38: U.S. Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 39: U.S. Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 40: Canada Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 41: Canada Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 42: Europe Vehicle Subscription Market Value (USD Billion), By Business Model, 2023 & 2032
Figure 43: Europe Vehicle Subscription Market Value Share (%), By Business Model, 2023
Figure 44: Europe Vehicle Subscription Market Value (USD Billion), By Subscription Model, 2023 & 2032
Figure 45: Europe Vehicle Subscription Market Value Share (%), By Subscription Model, 2023
Figure 46: Europe Vehicle Subscription Market Value (USD Billion), By Duration, 2023 & 2032
Figure 47: Europe Vehicle Subscription Market Value Share (%), By Duration, 2023
Figure 48: Europe Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 49: Europe Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 50: Europe Vehicle Subscription Market Value (USD Billion), By End User, 2023 & 2032
Figure 51: Europe Vehicle Subscription Market Value Share (%), By End User, 2023
Figure 52: Europe Vehicle Subscription Market Value (USD Billion), By Country, 2023 & 2032
Figure 53: Europe Vehicle Subscription Value Share (%), By Country, 2023
Figure 54: U.K. Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 55: U.K. Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 56: Germany Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 57: Germany Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 58: France Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 59: France Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 60: Italy Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 61: Italy Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 62: Russia Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 63: Russia Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 64: Sweden Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 65: Sweden Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 66: Rest of Europe Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 67: Rest of Europe Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 68: Asia Pacific Vehicle Subscription Market Value (USD Billion), By Business Model, 2023 & 2032
Figure 69: Asia Pacific Vehicle Subscription Market Value Share (%), By Business Model, 2023
Figure 70: Asia Pacific Vehicle Subscription Market Value (USD Billion), By Subscription Model, 2023 & 2032
Figure 71: Asia Pacific Vehicle Subscription Market Value Share (%), By Subscription Model, 2023
Figure 72: Asia Pacific Vehicle Subscription Market Value (USD Billion), By Duration, 2023 & 2032
Figure 73: Asia Pacific Vehicle Subscription Market Value Share (%), By Duration, 2023
Figure 74: Asia Pacific Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 75: Asia Pacific Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 76: Asia Pacific Vehicle Subscription Market Value (USD Billion), By End User, 2023 & 2032
Figure 77: Asia Pacific Vehicle Subscription Market Value Share (%), By End User, 2023
Figure 78: Asia Pacific Vehicle Subscription Market Value (USD Billion), By Country, 2023 & 2032
Figure 79: Asia Pacific Vehicle Subscription Value Share (%), By Country, 2023
Figure 80: China Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 81: China Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 82: India Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 83: India Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 84: Japan Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 85: Japan Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 86: Australia Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 87: Australia Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 88: South Korea Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 89: South Korea Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 90: Rest of Asia Pacific Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 91: Rest of Asia Pacific Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 92: Middle East Vehicle Subscription Market Value (USD Billion), By Business Model, 2023 & 2032
Figure 93: Middle East Vehicle Subscription Market Value Share (%), By Business Model, 2023
Figure 94: Middle East Vehicle Subscription Market Value (USD Billion), By Subscription Model, 2023 & 2032
Figure 95: Middle East Vehicle Subscription Market Value Share (%), By Subscription Model, 2023
Figure 96: Middle East Vehicle Subscription Market Value (USD Billion), By Duration, 2023 & 2032
Figure 97: Middle East Vehicle Subscription Market Value Share (%), By Duration, 2023
Figure 98: Middle East Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 99: Middle East Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 100: Middle East Vehicle Subscription Market Value (USD Billion), By End User, 2023 & 2032
Figure 101: Middle East Vehicle Subscription Market Value Share (%), By End User, 2023
Figure 102: Middle East Vehicle Subscription Market Value (USD Billion), By Country, 2023 & 2032
Figure 103: Middle East Vehicle Subscription Value Share (%), By Country, 2023
Figure 104: UAE Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 105: UAE Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 106: Saudi Arabia Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 107: Saudi Arabia Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 108: Rest of Middle East Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 109: Rest of Middle East Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 110: Rest of the World Vehicle Subscription Market Value (USD Billion), By Business Model, 2023 & 2032
Figure 111: Rest of the World Vehicle Subscription Market Value Share (%), By Business Model, 2023
Figure 112: Rest of the World Vehicle Subscription Market Value (USD Billion), By Subscription Model, 2023 & 2032
Figure 113: Rest of the World Vehicle Subscription Market Value Share (%), By Subscription Model, 2023
Figure 114: Rest of the World Vehicle Subscription Market Value (USD Billion), By Duration, 2023 & 2032
Figure 115: Rest of the World Vehicle Subscription Market Value Share (%), By Duration, 2023
Figure 116: Rest of the World Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 117: Rest of the World Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 118: Rest of the World Vehicle Subscription Market Value (USD Billion), By End User, 2023 & 2032
Figure 119: Rest of the World Vehicle Subscription Market Value Share (%), By End User, 2023
Figure 120: Rest of the World Vehicle Subscription Market Value (USD Billion), By Sub-Region, 2023 & 2032
Figure 121: Rest of the World Vehicle Subscription Value Share (%), By Sub-Region, 2023
Figure 122: Latin America Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 123: Latin America Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 124: Africa Vehicle Subscription Market Value (USD Billion), By Vehicle Type, 2023 & 2032
Figure 125: Africa Vehicle Subscription Market Value Share (%), By Vehicle Type, 2023
Figure 126: Global Vehicle Subscription Market Rank Analysis, By Key Players, 2023
VEHICLE SUBSCRIPTION MARKET REPORT SCOPE & SEGMENTATION
| Study Period | 2019-2032 |
|---|---|
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Period | 2019-2022 |
| Unit | Value (USD Billion) |
| Market Segmentation | By Business Model
|
By Subscription Model
| |
By Duration
| |
By Vehicle Type
| |
By End User
| |
| By Geography |
|