Global Automotive Subscription Services Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 71.38% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 30, 2018--The “Global Automotive Subscription Services Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The analysts forecast the global automotive subscription services market to register a CAGR of 71.38% during the period 2018-2022.
Car-subscription model of business is a progressing business model largely preferred by people who opt for personal mode of transportation over a period of time without having to invest and commit to a single vehicle model for a longer time period.
One trend in the market is subscription model for fleet. The traditional pay-per-product model is getting replaced slowly by subscription economy, which offers goods and services on a subscription basis. This practice is spreading to most of the business verticals such as consumer electronics, fashion products, furniture, music, and automotive.
One driver in the market is vehicle subscription helps businesses to avail self-transportation in an effective and hassle-free manner. For certain small- and medium-sized enterprises (SMEs), the requirement of cars for the majority or just a few of the employees becomes an inevitable expenditure and requires a large capital investment. Car leasing acts as an alternative to this and offers various advantages that businesses can benefit from.
The report states that one challenge in the market is expensive when compared with leasing and rental services. Automotive subscription services provide flexibility to the users in terms of ability to frequently change cars based on their usage. However, the average monthly payment in subscription service is significantly higher than lease or finance payment.
Companies MentionedBMW Ford Motor Company General Motors Porsche Volvo Car
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Channel
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/p385c2/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005451/en/
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Related Topics:Automotive Leasing and Rental
INDUSTRY KEYWORD: AUTOMOTIVE FLEET MANAGEMENT OTHER AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 07/30/2018 10:17 AM/DISC: 07/30/2018 10:17 AM