Car Subscription Market Share, Size, Future Demand, and Emerging Trends

The global car subscription market is expected to witness considerable growth during the forecast period (2020–2030), on account of technology transition and changing ownership patterns. For instance, young millennials are subscribing for almost everything they use in daily life, from mobile packages to on demand video, from food to cosmetics. It gives them liberty to access mobility and experience luxury, which earlier came with multiple strings attached to it. With the global car sale was decreased by more than 10% in 2019, the car subscription model has given meaningful cue to car manufacturers to grab insights into ongoing market transition.

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