Car-sharing - Switzerland

  • Switzerland
  • Switzerland is expected to witness a significant revenue growth in the Car-sharing market industry, with revenue projected to reach US$197.90m by 2024.
  • The market is expected to show an annual growth rate (CAGR 2024-2029) of 2.45%, resulting in a projected market volume of US$223.40m by 2029.
  • Furthermore, the number of users in the Car-sharing market is also expected to increase and amount to 0.67m users by 2029.
  • The user penetration rate is projected to be 6.6% in 2024 and 7.4% by 2029.
  • The average revenue per user (ARPU) is expected to be US$338.40.
  • Moreover, it is predicted that a significant portion of the total revenue in the Car-sharing market will be generated through online sales, with 99% of the total revenue being generated through this channel by 2029.
  • It is interesting to note that in global comparison, United States is expected to generate the most revenue in the Car-sharing market industry, with a projected revenue of US$2,986m in 2024.
  • Car-sharing has become a popular transportation option in Switzerland, particularly in urban areas such as Zurich and Geneva.

Key regions: Europe, Germany, India, United States, Malaysia

Market
Region
Region comparison
Currency

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jul 2024

Source: Statista Market Insights

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Most recent update: Jul 2024

Source: Statista Market Insights

Mobility

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Key Players

in percent

2022
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Most recent update: Mar 2024

Source: Statista Market Insights

Sales Channels

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Most recent update: Jul 2024

Source: Statista Market Insights

Analyst Opinion

The Car-sharing market in Switzerland has experienced significant growth in recent years, driven by changing customer preferences and the emergence of new trends in the market. Customer preferences in Switzerland have shifted towards more sustainable and environmentally friendly transportation options, leading to an increased demand for car-sharing services. Additionally, the high cost of owning a car in Switzerland has made car-sharing an attractive alternative for many consumers. One of the key trends in the car-sharing market in Switzerland is the rise of electric car-sharing services. With the Swiss government's push towards reducing carbon emissions and promoting electric mobility, car-sharing companies have started to offer electric vehicles as part of their fleet. This trend has been further accelerated by the increasing availability of charging infrastructure across the country. Another trend in the market is the integration of car-sharing services with other modes of transportation. Many car-sharing companies in Switzerland have partnered with public transportation providers to offer integrated mobility solutions. This allows customers to seamlessly switch between different modes of transportation, such as trains, buses, and car-sharing, using a single app or card. This trend is driven by the growing demand for convenient and flexible transportation options. In addition to these customer preferences and market trends, there are also some local special circumstances that have contributed to the growth of the car-sharing market in Switzerland. The country's well-developed public transportation system, including an extensive network of trains and buses, has made it easier for car-sharing companies to operate and attract customers. Furthermore, Switzerland's compact size and high population density make it a favorable market for car-sharing, as it allows for efficient utilization of vehicles and reduces the need for long-distance travel. Underlying macroeconomic factors, such as the high cost of living and limited parking space in urban areas, have also played a role in the development of the car-sharing market in Switzerland. The cost of owning a car, including insurance, maintenance, and parking fees, can be prohibitively expensive in Switzerland. Car-sharing provides a more affordable alternative for individuals who do not need a car on a daily basis. Additionally, the limited availability of parking spaces in cities has made car-sharing a convenient option for residents who do not have access to private parking. Overall, the car-sharing market in Switzerland is driven by changing customer preferences, the integration of car-sharing with other modes of transportation, local special circumstances, and underlying macroeconomic factors. As these trends continue to evolve, the car-sharing market in Switzerland is expected to further expand and diversify in the coming years.

Users

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Most recent update: Jul 2024

Source: Statista Market Insights

User Demographics

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Most recent update: Mar 2024

Sources: Statista Market Insights , Statista Consumer Insights Global

Global Comparison

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Most recent update: Jul 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car-sharing services.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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