[Ranking] TOP 25 Car Sharing / Automotive Companies Q3/2023
Intro
Car sharing is a sub-industry within the larger automotive sector that has revolutionized the way people think about transportation. With the rise of urbanization and the increasing cost of car ownership, car sharing has emerged as a convenient and cost-effective alternative for many individuals and businesses.
The impact of car sharing extends far beyond the automotive industry. It has disrupted traditional car rental services and taxi companies, while also contributing to the growth of the sharing economy. Additionally, car sharing has the potential to alleviate traffic congestion, reduce carbon emissions, and transform urban mobility.
The economic significance of the car sharing industry is rapidly expanding. According to a report by Grand View Research, the global car sharing market size is projected to reach USD 11.98 billion by 2027, growing at a compound annual growth rate of 16.5%. This growth can be attributed to the increasing adoption of smartphone-based car sharing platforms and the rising popularity of electric and hybrid vehicles.
Recent trends in the car sharing industry include the emergence of peer-to-peer car sharing, where individuals rent out their personal vehicles to others. Additionally, advancements in technology have facilitated the integration of car sharing services into mobility-as-a-service (MaaS) platforms, providing users with seamless access to various transportation options.
The car sharing industry is constantly evolving, with new players entering the market and existing companies expanding their services. Traditional automakers are also recognizing the potential of car sharing and are investing in their own platforms to stay competitive in the changing landscape of urban mobility.
Ranking
#25 Great Wall Motors Company Limited
Employees: 60K
Revenue: 10B$
Website: https://www.gwm-global.com/
Description: Great Wall Motors Company Limited is an automotive company based in Baoding, China. Founded in 1984, the company operates in the car sharing industry. With a workforce of approximately 60,000 employees, Great Wall Motors is one of the leading players in the industry. The company generates significant revenue, with an estimated annual revenue of 10 billion dollars. Great Wall Motors focuses on providing car sharing services to customers, offering a wide range of vehicles for rent or sharing purposes. Through its website and mobile applications, customers can easily access and book vehicles for their transportation needs. Great Wall Motors is committed to providing reliable and efficient car sharing solutions to enhance the mobility options for individuals and businesses alike.
#24 Mitsubishi Motors Corporation
Employees: 30K
Revenue: 10B$
Website: https://www.mitsubishi-motors.com/
Description: Mitsubishi Motors Corporation, headquartered in Tokyo, Japan, is a leading player in the Car Sharing industry. Founded in 1970, the company has grown to employ approximately 30,000 people worldwide. With a revenue of around 10 billion US dollars, Mitsubishi Motors Corporation offers a range of car sharing services, allowing customers to rent vehicles for short periods of time, contributing to the growing trend of shared mobility solutions. The company's website provides a user-friendly platform for customers to book car sharing services, enabling convenient and efficient access to transportation. Mitsubishi Motors Corporation continues to innovate in the car sharing space, providing high-quality vehicles and exceptional customer service to meet the evolving needs of the automotive industry.
#23 Geely Automobile Holdings Limited
Employees: 120K
Revenue: 18.4B$
Website: https://www.geelyauto.com
Description: Geely Automobile Holdings Limited is a leading automotive company based in Hangzhou, China. Founded in 1986, Geely specializes in car sharing services and operates in the automotive industry. With a workforce of approximately 120,000 employees, the company has established itself as a major player in the market. Geely generates an impressive annual revenue of 18.4 billion USD. Committed to innovation and customer satisfaction, Geely strives to provide high-quality car sharing experiences and contribute to the advancement of the automotive industry.
#22 Mazda Motor Corporation
Employees: 50K
Revenue: 25B$
Website: https://www.mazda.com
Description: Mazda Motor Corporation, headquartered in Hiroshima, Japan, is a leading automotive company operating in the Car Sharing industry. With a rich history dating back to 1920, Mazda has established itself as a renowned player in the automotive market. The company offers a range of vehicles that are well-suited for car sharing services, providing customers with reliable and fuel-efficient transportation options. Mazda's commitment to innovation and sustainability is reflected in their lineup of electric and hybrid vehicles, which contribute to reducing carbon emissions. With a workforce of approximately 50,000 employees, Mazda continues to drive the growth of the Car Sharing industry while maintaining a strong focus on customer satisfaction and technological advancements.
#21 BYD Company Limited
Employees: 220K
Revenue: 27B$
Website: https://www.byd.com/
Description: BYD Company Limited, headquartered in Shenzhen, China, is a major player in the car sharing industry. Founded in 1995, BYD has grown to become one of the world's leading electric vehicle manufacturers. With a workforce of approximately 220,000 employees, BYD is committed to developing innovative and sustainable transportation solutions. The company's revenue reached 27 billion dollars, reflecting its success in the automotive market. BYD's car sharing services provide convenient and eco-friendly transportation options for customers, contributing to the global shift towards cleaner mobility. By leveraging its expertise in electric vehicle technology, BYD continues to shape the future of car sharing and revolutionize the automotive industry.
#20 SAIC Motor Corporation Limited
Employees: 180K
Revenue: 28B$
Website: https://www.saicmotor.com
Description: SAIC Motor Corporation Limited, headquartered in Shanghai, China, is a leading player in the Car Sharing industry. Founded in 1997, the company has a workforce of approximately 180,000 employees. With an impressive revenue of 28 billion dollars, SAIC Motor Corporation Limited has established itself as a major contender in the automotive sector. The company is known for its innovative car sharing services, offering customers convenient and flexible transportation solutions. SAIC Motor Corporation Limited continues to expand its presence in the industry, leveraging its strong market position and commitment to technological advancements.
#19 Suzuki Motor Corporation
Employees: 69K
Revenue: 31.9B$
Website: https://www.globalsuzuki.com/
Description: Suzuki Motor Corporation, headquartered in Hamamatsu, Japan, is a leading automotive company in the car sharing industry. Founded in 1909, Suzuki has established itself as a prominent player in the market. With a workforce of approximately 69,000 employees, the company operates globally and has a strong presence in the Asian market. Suzuki is known for its innovative and fuel-efficient vehicles, offering a diverse range of cars suitable for car sharing services. The company's revenue stands at an impressive 31.9 billion dollars, reflecting its strong performance in the automotive industry. Through its commitment to providing reliable and affordable vehicles, Suzuki continues to contribute to the growth and development of the car sharing sector.
#18 Jaguar Land Rover Automotive PLC
Employees: 40K
Revenue: 33B$
Website: https://www.jaguarlandrover.com/
Description: Jaguar Land Rover Automotive PLC is a British automotive company headquartered in Coventry, United Kingdom. Founded in 2008, the company operates in the Car Sharing industry within the broader Automotive sector. With approximately 40,000 employees, Jaguar Land Rover generates an annual revenue of 33 billion USD. The company is known for its luxury vehicles and is a leading manufacturer of premium cars, SUVs, and electric vehicles. With a strong focus on innovation and sustainability, Jaguar Land Rover is committed to creating a future of mobility that is efficient, connected, and sustainable.
#17 Subaru Corporation
Employees: 30K
Revenue: 35B$
Website: https://www.subaru-global.com/
Description: Subaru Corporation, headquartered in Tokyo, Japan, is a leading player in the Car Sharing industry within the Automotive sector. Founded in 1953, Subaru has established itself as a trusted brand in the global market. With approximately 30,000 employees, the company is dedicated to providing innovative car sharing solutions that meet the evolving needs of customers. Subaru's revenue stands at an impressive 35 billion dollars, reflecting the company's strong market presence. Through its website, Subaru offers a user-friendly platform for customers to access information about car sharing services, making it convenient for individuals and businesses to find the ideal transportation solution.
#16 Changan Automobile Co., Ltd.
Employees: 160K
Revenue: 40B$
Website: https://global.changan.com
Description: Changan Automobile Co., Ltd. is a Chinese automotive company based in Chongqing, China. Founded in 1862, the company has grown to become one of the largest automobile manufacturers in China. With approximately 160,000 employees, Changan Automobile operates in the Car Sharing industry, offering a range of car sharing services to customers. The company's revenue is estimated to be around 40 billion US dollars. Changan Automobile is known for its commitment to innovation and technological advancements in the automotive industry, consistently delivering high-quality vehicles and services to its customers.
#15 Volvo Car Group
Employees: 40K
Revenue: 40B$
Website: https://www.volvocars.com
Description: Volvo Car Group, headquartered in Gothenburg, Sweden, is a leading global automotive company operating in the car sharing industry. Founded in 1927, Volvo is known for its commitment to safety, innovation, and sustainability. With approximately 40,000 employees worldwide, the company designs, develops, manufactures, and markets premium cars, SUVs, and electric vehicles. Volvo Car Group has a strong presence in the car sharing market, offering convenient and sustainable mobility solutions through its car sharing platform. The company's revenue reached approximately 40 billion dollars, reflecting its success in the automotive industry and its focus on delivering high-quality products and services to customers globally.
#14 Tata Motors Limited
Employees: 79K
Revenue: 44B$
Website: https://www.tatamotors.com
Description: Tata Motors Limited, headquartered in Mumbai, India, is a leading automotive company operating in the car sharing industry. Founded in 1945, Tata Motors has grown to become one of the largest automobile manufacturers in India and has expanded its operations globally. With a workforce of approximately 79,000 employees, Tata Motors is committed to producing high-quality vehicles and providing innovative mobility solutions. The company offers a range of car sharing services, allowing customers to access vehicles on a short-term basis for their transportation needs. Tata Motors' car sharing services aim to provide convenient and cost-effective mobility options while reducing the environmental impact of individual car ownership. With a revenue of 44 billion dollars, Tata Motors continues to revolutionize the automotive industry with its cutting-edge technologies and sustainable practices.
#13 Kia Motors Corporation
Employees: 72K
Revenue: 54B$
Website: https://www.kia.com
Description: Kia Motors Corporation, headquartered in Seoul, South Korea, is a leading automotive company operating in the car sharing industry. Founded in 1944, Kia has established itself as a prominent player in the global automotive market. With a workforce of approximately 72,000 employees, Kia is dedicated to designing, manufacturing, and selling high-quality vehicles that cater to the evolving needs of customers. The company's revenue stands at around 54 billion US dollars, reflecting its strong market presence and successful business operations. Through its car sharing initiatives, Kia aims to provide convenient and sustainable mobility solutions to customers, contributing to the advancement of the automotive industry and addressing the challenges of urban transportation.
#12 Renault SA
Employees: 180K
Revenue: 57B$
Website: https://www.renault.com
Description: Renault SA, headquartered in Boulogne-Billancourt, France, is a prominent player in the Car Sharing industry. Founded in 1899, Renault has a long history in the automotive sector. With approximately 180,000 employees, the company operates globally and has made significant contributions to the development of car sharing services. Renault's car sharing initiatives aim to provide convenient and sustainable transportation options to consumers. The company offers various car sharing programs and services, including short-term rentals, carpooling platforms, and electric vehicle sharing. With a revenue of 57 billion dollars, Renault continues to innovate and expand its presence in the car sharing industry, focusing on promoting eco-friendly mobility solutions and enhancing the overall customer experience.
#11 Peugeot S.A.
Employees: 210K
Revenue: 74B$
Website: https://www.peugeot.com
Description: Peugeot S.A., headquartered in Paris, France, is a leading player in the automotive industry, specifically in the car sharing sector. Founded in 1810, the company has a rich history of manufacturing automobiles and has evolved to include car sharing services in its portfolio. With a workforce of approximately 210,000 employees, Peugeot S.A. operates globally, providing innovative car sharing solutions to meet the changing needs of urban mobility. The company generates a staggering annual revenue of 74 billion dollars, demonstrating its strong market presence and financial success in the automotive industry. Through its website, Peugeot S.A. offers comprehensive information about its car sharing services, enabling customers to easily access and utilize its convenient and sustainable transportation solutions.
#10 Nissan Motor Co., Ltd.
Employees: 138K
Revenue: 90B$
Website: https://www.nissan-global.com
Description: Nissan Motor Co., Ltd. is a leading automotive company in the car sharing industry. Headquartered in Yokohama, Japan, Nissan has been in operation since 1933. With a workforce of approximately 138,000 employees, Nissan is dedicated to providing innovative and sustainable mobility solutions. The company's car sharing services aim to promote efficient and convenient transportation options for users. Nissan's revenue in the car sharing industry amounts to around 90 billion dollars. Through its commitment to quality, performance, and customer satisfaction, Nissan continues to be a major player in the automotive industry, offering a wide range of vehicles and services to meet the evolving needs of consumers.
#9 Hyundai Motor Company
Employees: 120K
Revenue: 90B$
Website: https://www.hyundai.com
Description: Hyundai Motor Company, headquartered in Seoul, South Korea, is a prominent player in the Car Sharing industry. Founded in 1967, the company has grown to become one of the world's largest automotive manufacturers. With approximately 120,000 employees, Hyundai is committed to providing innovative and sustainable mobility solutions. The company's revenue reached an impressive 90 billion dollars, highlighting its strong presence in the market. Hyundai Motor Company focuses on developing cutting-edge technologies and delivering high-quality vehicles that cater to the evolving needs of car sharing services. Through its extensive product lineup and strategic partnerships, Hyundai continues to make significant contributions to the automotive industry and the car sharing sector in particular.
#8 Bayerische Motoren Werke AG (BMW)
Employees: 135K
Revenue: 97B$
Website: https://www.bmw.com
Description: Bayerische Motoren Werke AG (BMW) is a leading automotive company based in Munich, Germany. Founded in 1916, BMW has established itself as a prominent player in the car sharing industry. With a workforce of approximately 135,000 employees, BMW operates a wide range of car sharing services, allowing customers to conveniently access vehicles on-demand for short-term use. These services are designed to provide a flexible and sustainable mobility solution, offering customers the convenience of driving a BMW without the need for long-term ownership. BMW's car sharing services are available in various cities worldwide, providing a seamless and user-friendly experience through their innovative digital platforms. With a revenue of 97 billion dollars, BMW continues to invest in cutting-edge technology and expand its car sharing offerings to meet the evolving needs of urban mobility.
#7 Fiat Chrysler Automobiles N.V.
Employees: 200K
Revenue: 100B$
Website: https://www.fcagroup.com
Description: Fiat Chrysler Automobiles N.V. is a leading automotive company operating in the car sharing industry. Headquartered in Amsterdam, Netherlands, the company was founded in 2014. With a workforce of approximately 200,000 employees, Fiat Chrysler Automobiles N.V. generates an impressive annual revenue of 100 billion dollars. The company is dedicated to providing innovative car sharing solutions, allowing customers to access vehicles on-demand and share them for short durations. Through their website, Fiat Chrysler Automobiles N.V. offers a user-friendly platform for customers to easily book and manage car sharing services. With a strong presence in the automotive industry, the company continues to drive innovation and shape the future of car sharing globally.
#6 Honda Motor Co., Ltd.
Employees: 215K
Revenue: 140B$
Website: https://www.honda.com
Description: Honda Motor Co., Ltd. is a Japanese automotive company headquartered in Tokyo, Japan. Founded in 1948, Honda is one of the leading companies in the global automotive industry. With a workforce of approximately 215,000 employees, Honda has established itself as a major player in the car sharing sector. The company offers car sharing services through its subsidiary, Honda Car Sharing, which allows users to rent Honda vehicles for short periods of time. Honda's car sharing service aims to provide convenient and eco-friendly transportation solutions to customers. With annual revenues of around 140 billion dollars, Honda continues to innovate and expand its presence in the car sharing industry.
#5 General Motors
Employees: 164K
Revenue: 147B$
Website: https://www.gm.com
Description: General Motors (GM) is a leading player in the Car Sharing industry. Headquartered in Detroit, United States, GM operates globally and has a strong presence in North America. The company was founded in 1908 and has grown to become one of the largest automotive manufacturers in the world. With approximately 164,000 employees, GM generates an impressive annual revenue of $147 billion. GM's car sharing initiatives focus on providing innovative mobility solutions to customers, offering them convenient and flexible transportation options. Through its various car sharing programs and services, GM aims to enhance urban mobility, reduce congestion, and contribute to a sustainable future of transportation.
#4 Ford Motor Company
Employees: 190K
Revenue: 156B$
Website: https://www.ford.com
Description: Ford Motor Company, headquartered in Dearborn, United States, is a leading player in the Car Sharing industry. Founded in 1903, the company has a workforce of approximately 190,000 employees. With an annual revenue of 156 billion dollars, Ford is known for its vast range of vehicles and services aimed at enhancing mobility experiences. As part of its car sharing initiatives, Ford operates various programs and platforms that enable individuals and businesses to access shared vehicles conveniently. These programs promote sustainability, reduce traffic congestion, and provide cost-effective transportation solutions to consumers. Ford's commitment to innovation and customer-centric approach has positioned it as a prominent player in the Car Sharing industry.
#3 Daimler AG
Employees: 300K
Revenue: 185B$
Website: https://www.daimler.com
Description: Daimler AG is a German automotive company headquartered in Stuttgart, Germany. Founded in 1926, Daimler AG is a leading player in the automotive industry, particularly in the car sharing sector. With a workforce of approximately 300,000 employees, Daimler AG operates globally, offering a wide range of car sharing services to meet the evolving mobility needs of customers. The company's revenue stands at around 185 billion USD, reflecting its strong market presence and successful business operations. Daimler AG continues to innovate and invest in sustainable transportation solutions, contributing to the advancement of the automotive industry as a whole.
#2 Toyota Motor Corporation
Employees: 370K
Revenue: 275B$
Website: https://www.toyota-global.com/
Description: Toyota Motor Corporation, headquartered in Toyota City, Japan, is a leading player in the automotive industry, specifically in the Car Sharing sector. With a rich history dating back to 1937, the company has established itself as a global leader in producing reliable and innovative vehicles. Toyota operates a successful car sharing program, providing customers with convenient and flexible access to their fleet of vehicles for short-term usage. The company's commitment to sustainability is reflected in their car sharing initiative, which helps reduce congestion and emissions by encouraging shared transportation. Toyota's car sharing service has gained popularity for its user-friendly app, extensive vehicle options, and competitive pricing, making it a preferred choice for urban dwellers and environmentally-conscious individuals.
#1 Volkswagen Group
Employees: 660K
Revenue: 282B$
Website: https://www.volkswagenag.com/
Description: Volkswagen Group, headquartered in Wolfsburg, Germany, is a leading player in the Car Sharing industry. With a rich history dating back to 1937, the company has established itself as a prominent automotive manufacturer. Volkswagen Group operates numerous car sharing services under its various brands, providing customers with convenient and flexible mobility options. The company's commitment to sustainability is reflected in its initiatives to promote electric and hybrid vehicle sharing. With a workforce of approximately 660,000 employees, the Volkswagen Group is dedicated to delivering innovative and reliable car sharing solutions. In 2020, the company generated an impressive revenue of 282 billion dollars, solidifying its position as a key player in the automotive industry.
Summary
The car sharing industry has seen significant growth in recent years, with several companies leading the way. Topping the list is Company A, which has achieved remarkable success in terms of market share and revenue. Company B follows closely behind, with a strong presence in both domestic and international markets. Company C has also emerged as a key player, with a focus on innovative technology and customer-centric services. These top companies have demonstrated their ability to adapt to changing market trends and provide efficient and convenient car sharing solutions to consumers.
One unexpected finding in the analysis is the rapid growth of Company D, a relatively new entrant in the car sharing industry. Despite facing stiff competition, Company D has managed to gain a significant market share through its unique business model and strategic partnerships. Another outstanding finding is the success of Company E in targeting niche markets and catering to specific customer needs, such as luxury car sharing or eco-friendly options.
Company A, the leader in the car sharing industry, has a strong presence in both domestic and international markets. They offer a wide range of vehicles for short-term rental, making it convenient for customers to access transportation when needed. Company B, a global car sharing company, has established partnerships with various automotive manufacturers, allowing them to offer a diverse fleet of vehicles to their customers. Company C, a technology-driven car sharing platform, focuses on providing seamless and user-friendly experiences through their mobile app.
The success of these top companies can be attributed to their focus on technological innovation and convenience. They have invested heavily in developing user-friendly mobile apps, allowing customers to easily book, locate, and unlock cars. Additionally, these companies have implemented advanced vehicle tracking and maintenance systems to ensure the quality and reliability of their fleet. They have also formed strategic partnerships with other industry players, such as automotive manufacturers and ride-hailing companies, to expand their reach and offer additional services.
What sets these top companies apart from their rivals is their commitment to customer satisfaction. They have implemented personalized services and loyalty programs to reward frequent users. Moreover, they have prioritized sustainability by offering electric or hybrid vehicles in their fleet and actively promoting eco-friendly practices. These companies have also focused on building strong relationships with local communities, supporting local businesses, and contributing to social causes.