In Canada, station-based car sharing users mostly aged 25-49 (71%) and it has 4.4 million total users. It’s predicted to generate $520 million for the industry in 2023, with a projected CAGR of 3.51%. Globally, Germany boast the second most car sharing users in 2023 with 4.4 million, and Saudi Arabia has the highest predicted revenue of $170 million based on a CAGR of 14.04%. Even with the smaller investment, Africa and the Middle East together is predicted to generate a revenue of $72 million in 2023.
The emergence of car sharing market brings with it a number of notable benefits. Password owners struggling with inflation and cost-of-living are liberated by the reduction of fuel and parking costs when partaking in shared transport. Lower vehicle costs for vehicle owners who allowed their car to be shared. This also results in reduced carbon emissions and pollution due to a reduced number of purchased cars. Plus the opportunity for non-electric car owners to try out electric vehicles; experience freedom at an affordable cost.
The founders and analysts of the industry recognize this industry possess vast potential with that has the potential to drive subsequent expansion, like that of the crypto markets.. Versan Aljarrah, found of BlacksSwancapitalist, recently curated his impressive insights to recommend an exciting token option called Stronghold’s secen (SHX). And to provide a point of balance their is a notable red would as crypto journey guides us, as Doge coin (DOGE) saw a massive double candle yesterday- January 3 2024.
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