Premium cars in the sharing economy : a Statista dossier plus on the shared and rental cars market

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      <subfield code="a">Premium cars in the sharing economy </subfield>
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      <subfield code="a">The COVID-19 pandemic triggered a sudden global economic downturn in 2020 and markets relying on people's mobility were suffering severely. Indeed, car rental and sharing companies saw their estimated combined global revenue declining by one third in 2020 compared to 2019, and still by almost one fifth in 2021. Statista analyzed the shared cars market in eleven countries that account for over 65 percent of the global market revenue - the United States, Canada, China, the United Kingdom, Germany, France, Italy, Spain, the Netherlands, Sweden, and Austria. Forecasting a full recovery from the pandemic downturn only in 2022, the outlook for the shared cars market is to reach a market revenue of 80 billion U.S. dollars by 2025 in the eleven countries combined. The premium segment of the shared cars market is estimated to account for almost one third of the overall market's revenue in the analyzed countries and it has been pushed into an even steeper downturn by the pandemic. The recovery in this segment is forecast to follow different growth paths in the different countries, with the Chinese market being expected to recover the fastest and strengthen its position as the global leader. The outlook for the Chinese shared premium cars market is to reach over 10 billion U.S. dollars revenue by 2025.</subfield>
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