According to Berg Insight Report “The Carsharing Telematics Market 5th Edition”.
Author Martin Cederqvist, IoT Analyst.
The COVID-19 pandemic has affected the carsharing market during the last years. While the initial lockdowns led to a substantial decrease of carsharing usage, a quick recovery was however taking place during the summer period and most carsharing players managed to adapt services to meet the new mobility needs during the pandemic.
Customers somewhat used carsharing instead of public transport and have been keener to replace car ownership with a carsharing membership as well as using carsharing vehicles to a greater extent for domestic holiday travels. Most carsharing markets experienced growth in members despite the impact of the pandemic, however at a slower pace than anticipated before the pandemic. Several expansion plans were put on hold during 2020 but were implemented in 2021 instead. A few individual carsharing operators have suffered from the pandemic and never managed to recover from it.
Carsharing operators in China – Pand Auto, Morefun Travel and Gofun for instance – shut down their carsharing services during 2021. The carsharing market still grew with 11 percent in terms of members in 2021, and the market shows good promise also in 2022.
Berg Insight believes that carsharing operators have shown that it is possible to operate a sustainable service during challenging times by being flexible to new mobility needs.