U.S. Car Sharing Market Size

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.

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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.