U.S. Car Sharing Market Size - By Product, By Fuel, By Car, By Application, By Business Model, By Model, Growth Forecast, 2025 – 2034

U.S. Car Sharing Market Size

The U.S. car sharing market size was valued at USD 3.1 billion in 2024 and is estimated to register a CAGR of 4.8% between 2025 and 2034. Increasing urbanization and traffic congestion in major cities of U.S. is expected to propel the market growth. As more people move to urban areas, the need for flexible, cost-effective transportation solutions grows.
 

Car sharing offers a feasible alternative by providing access to vehicles when needed, without the responsibilities and expenses associated with ownership. With the added convenience of app-based booking, real-time availability, and a variety of vehicle types, car sharing services are increasingly appealing to urban people who prioritize flexibility and cost savings.
 

For instance, the U.S. Census Bureau's Vintage 2023 population estimates show that more U.S. counties experienced population growth in 2023, with counties in the South seeing the fastest increases. Around 60% (1,876) of U.S. counties saw population gains from 2022 to 2023, up from 52% (1,649 counties) that experienced growth between 2021 and 2022. The average population change across all 3,144 counties was 0.29% from 2022 to 2023, compared to 0.17% the previous year. This demographic trend is driving the increased adoption of mobility-sharing services.
 

Increasing availability of government incentives and support for shared mobility initiatives is anticipated to drive the U.S. car sharing market. Federal, state, and local governments are increasingly offering financial incentives and regulatory support to promote sustainable transportation solutions. These initiatives are designed to reduce traffic congestion, lower carbon emissions, and encourage the use of alternative mobility options.
 

Several cities are providing tax credits, grants, and subsidies for car sharing companies to expand their fleets, especially those that include electric vehicles or low-emission options. Additionally, some cities are allocating dedicated parking spaces and offering reduced access fees for car sharing services, making it more convenient for users.
 

U.S. Car Sharing Market Trends

The integration of smart technology into vehicles, such as real-time GPS tracking, remote unlocking, and vehicle diagnostics, has significantly improved the convenience and efficiency of car sharing services. These innovations allow users to locate, book, and access vehicles seamlessly through mobile apps, enhancing the overall customer experience. Additionally, the development of autonomous vehicles (AVs) is poised to revolutionize the car sharing industry by reducing the need for human drivers and lowering operational costs.
 

As the adoption of autonomous vehicles increases, car sharing companies will be able to offer more flexible, on-demand transportation options with reduced waiting times and enhanced safety features. Together, these technological advancements are making car sharing services more accessible, efficient, and attractive to a wider range of consumers, driving the market’s growth.
 

One significant pitfall for the U.S. car sharing market is the high operational and maintenance costs associated with managing fleets. While car sharing offers a convenient and flexible alternative to car ownership, maintaining a large fleet of vehicles, especially in multiple locations, can be costly. These costs include vehicle maintenance, insurance, cleaning, and fleet management software, all of which contribute to high overhead for car sharing companies.
 

Additionally, car sharing vehicles are often used by a wide range of individuals, which can lead to increased wear and tear, accidents, and maintenance needs. Insurance premiums can also be expensive, particularly for fleets that include high-value or electric vehicles. These costs, combined with the relatively low profit margins in the industry, can make it challenging for car sharing companies to remain financially sustainable.
 

U.S. Car Sharing Market Analysis

Based on car, the market is divided into economy, executive, and luxury. In 2024, the economy segment held a market share of over 55% and is expected to cross USD 2 billion by 2034.  The economy car segment growth is driven by the increasing demand for affordable, budget-friendly transportation options. As consumers become more cost-conscious, the demand for lower-cost mobility solutions is rising.
 

Economy cars provide an attractive option for budget-conscious individuals who need access to transportation without the long-term commitment or high costs of car ownership. Additionally, the rise in environmental awareness has led many consumers to choose smaller, fuel-efficient vehicles to reduce both their carbon footprint and transportation expenses.
 

Based on application, the U.S. car sharing market is categorized into business and private. The private segment held a market share of around 69% in 2024. The growing preference for flexible, on-demand transportation is propelling the private segment growth. The convenience of accessing a vehicle through a mobile app and the ability to choose from a variety of vehicle types from compact to luxury cars make it an attractive option for consumers.
 

As more individuals seek cost-effective, flexible transportation solutions, the private segment continues to grow. With the rise of eco-consciousness and a shift away from ownership, private car-sharing is becoming a preferred mode of transportation for many people.
 

California car sharing market accounted for 20% of the revenue share in 2024. The California market is growth is driven by the state's strong focus on environmental sustainability and emission reduction. The regulatory environment creates a favorable market for car-sharing services, especially those offering electric vehicles and low-emission cars. Companies are increasingly incorporating EVs into their fleets to meet consumer demand for eco-friendly transportation options. Additionally, California's infrastructure, including an extensive network of public charging stations and state-backed incentives for electric vehicles, further supports the adoption of EV-based car-sharing services.
 

The growing demand for flexible, on-demand transportation in response to changing work patterns and lifestyles in Now York is anticipated to drive market growth. The rise of remote work and freelancing has led to more individuals seeking flexible mobility options rather than committing to car ownership. New Yorkers, particularly younger generations prefer on-demand transportation for its convenience and cost-effectiveness.
 

Car-sharing allows them to access a vehicle when needed without the long-term financial commitment and hassles of maintaining a personal car. Additionally, the popularity of car-sharing is being fueled by the ease of using mobile apps to reserve and access vehicles, making it more seamless for users.
 

U.S. Car Sharing Market Share

Zipcar and Enterprise CarShare hold a market share of over 30% in the U.S. car sharing industry. Zipcar focuses on providing flexibility and convenience through a large, diversified fleet and a user-friendly mobile app. It targets urban areas and college campuses, where car ownership is less practical. Zipcar’s strategy includes offering a variety of vehicle types, from compact cars to trucks, ensuring it meets diverse customer needs. Additionally, Zipcar emphasizes sustainability by incorporating electric vehicles into its fleet, aligning with growing consumer demand for eco-friendly options.
 

Enterprise CarShare focuses on serving both individuals and businesses, offering long-term and short-term car-sharing options. Its strategy centers on leveraging Enterprise's extensive network of locations, making it convenient for users to access cars nationwide. The company also emphasizes customer loyalty, with benefits such as discounted rates for Enterprise customers and seamless integration with other Enterprise services.
 

U.S. Car Sharing Market Companies

Major players operating in the U.S. car sharing industry include:

• Avail
• BlueLA
• Enterprise CarShare
• ENVOY
• Free2Move
• Getaround
• Gig Car Share
• Modo
• Turo
• Zipcar
   

U.S. Car Sharing Industry News

• In December 2023, Zipcar launched an electric-vehicle car sharing service in 10 U.S. cities. The company is partnering with cities, university campuses and commercial and residential businesses nationwide. It leverages its proprietary tools to monitor the EV fleet to optimize charging while meeting turn-around for member demand.
   
• In September 2023, Turo partnered with Hopper to make its 350,000 active vehicles available for booking on the online travel agency's app. Partnering with Hopper assists Turo to expand its reach and makes booking the perfect car for any type of trip.
   

The U.S. car sharing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and Fleet Size from 2021 to 2034, for the following segments:

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Market, By Product

• Hatchback
• Sedan
• SUV
• Others

Market, By Fuel

• Gasoline
• Diesel
• All-electric
• PHEV
• HEV

Market, By Car

• Economy
• Executive
• Luxury

Market, By Application

• Business
• Private

Market, By Business Model

• Round-trip
• One way

Market, By Model

• P2P
• Station-based
• Free floating

The above information is provided for the following regions and countries:

• Arizona
• California
• Colorado
• Florida
• Georgia
• Illinois
• Indiana
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Missouri
• Nevada
• New Jersey
• New York
• North Carolina
• Ohio
• Oregon
• Pennsylvania
• Tennessee
• Texas
• Utah
• Virginia
• Washington
• Wisconsin