No car, but want to drive? Sharing might be the way to go
A recent study by market research firm Navigant Research predicts that the number of members subscribing to car-sharing services worldwide will surge by more than 420 percent before the end of this decade – from the current 2.3 million to more than 12 million.
Global revenues are expected to grow even more rapidly, from an anticipated $1 billion this year to $6.2 billion in 2020, according to Boulder, Co.-based Navigant Research.
For a hint at the market potential, consider that Hertz, Avis and other traditional rent-a-car firms have purchased pioneers in the short-term rental market, such as ZipCar, over the last couple of years. And Daimler AG has its own service, car2go.