Vehicle Subscription Market - Top Companies and Manufacturers

Companies Dominating the Vehicle Subscription Landscape

The vehicle subscription market is poised to have a lucrative CAGR during the forecast period. The market is competitive with several global and regional players competing for the revenue share. The key market players are seeking to increase their inventory, improve their subscription services to make it more personalized, and raise buyer awareness of subscription models.

Some of the key players in the market are:

Hertz
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Sixt
Lyft Inc.
Avis
LeasePlan
Carvolution
BMW AG
Volkswagen
Wagonex Limited
Tesla
General Motors
FINN
Mercedes-Benz
Autonomy
Maruti Suzuki

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Vehicle Subscription Market Size, Growth Report 2037

In the News

In May 2024, Polestar announced the expansion of collaboration with the electric vehicle subscription company from Canada, Weeve. The company will expand its fleet of Polestar 2 vehicles to 450 units for subscription.
In April 2024, BMW Financial Services announced the launch of a new subscription service i.e., Access by BMW. The new service will offer a monthly subscription to unlimited access to the BMW fleet.
In January 2024, FINN raised USD 110 million to accelerate the growth of its electric fleet for subscription.
In October 2023, Flexcar announced a collaboration with OCTO Telematics to optimize Flexcar’s car subscription experience. OCTO’s technology will be used for real-time diagnostics of vehicles.

Frequently Asked Questions (FAQ)

The industry size of the vehicle subscription market was valued at USD 4.9 billion in 2024 and is slated to rise at a double digit CAGR of 35.2% during the forecast period, i.e., 2025-2037.

The market size of the vehicle subscription sector was estimated at USD 4.9 billion in 2024 and is expected to reach USD 182.7 billion by 2037, registering an impressive CAGR of 35.2% during the forecast period, i.e., 2025-2037.

The major players in the market are the Hertz, Lyft Inc., Sixt, Avis, FINN, Mercedes-Benz, Tesla, Volkswagen, Maruti Suzuki, and others.

The IC powered vehicle segment is expected to capture the largest market share by 2037.

North America is projected to hold the largest revenue share of 38.2% by 2037 due to favorable regulatory ecosystem, strong roots of subscription economy, buyer awareness regarding cost-effective mobility solutions, and presence of large fleet of choices for subscription.

Vehicle Subscription Market - Top Companies and Manufacturers

Companies Dominating the Vehicle Subscription Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the vehicle subscription market?

What is the outlook for the vehicle subscription market?

Who are the major players dominating the vehicle subscription market?

Which product segment will capture the significant market share for the vehicle subscription sector by 2037?

Which region will provide more business opportunities for the growth of the vehicle subscription market in the future?