The global car subscription market was valued at $3,550.4 million in 2019, and is projected to reach $12,090.6 million by 2027, registering a CAGR of 23.1%. Europe was the highest revenue contributor, accounting for $1,465.9 million in 2019, and is estimated to reach $4,491.6 million by 2027, with a CAGR of 21.7%.
The global car-as-a-service market was valued at $122.22 billion in 2020, and is projected to reach $225.65 billion by 2030, registering a CAGR of 6.8%. Europe was the highest revenue contributor, accounting for $44.61 billion in 2020, and is estimated to reach $88.91 billion by 2030, with a CAGR of 7.6%.
Leasing is like renting but the time duration for leasing is long compared to renting. Efficient operations decide the profitability of individual companies. Major companies have strong economy to acquire vehicles ...
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