Peer-to-Peer Carsharing Market By Car Type (Economy Cars, Luxury Cars, Electric Vehicles), By End-User (Individual Consumers, Business Users), By Ownership Model (Owner-Based, Fleet-Based), By Sales Channel (Online Platforms, Offline Channels); Global Insights & Forecast (2025 - 2030)

As per Intent Market Research, the Peer To Peer Carsharing Market was valued at USD 7.9 Billion in 2024-e and will surpass USD 19.6 Billion by 2030; growing at a CAGR of 16.5% during 2025 - 2030.

The peer-to-peer (P2P) carsharing market is transforming personal mobility by allowing vehicle owners to rent out their cars to others, offering a cost-effective and sustainable alternative to traditional car rental services. This market leverages digital platforms to connect car owners with renters, enabling flexible and on-demand vehicle access. Growth is fueled by urbanization, the rising popularity of shared mobility, and consumer preferences for eco-friendly transportation options. The proliferation of smartphone applications and advancements in digital payment systems further support the expansion of P2P carsharing services globally.

Electric Vehicles Segment is Fastest Growing Owing to Sustainability and Cost Efficiency

The electric vehicles (EVs) segment is the fastest-growing category in the peer-to-peer carsharing market, driven by the increasing demand for sustainable and cost-effective mobility solutions. EVs are particularly popular among environmentally conscious renters seeking to minimize their carbon footprint. Additionally, P2P platforms are actively promoting EV adoption by offering incentives such as lower rental rates and prioritized listings for EV owners. The growing availability of charging infrastructure and advancements in battery technology have made EVs a more attractive option for both owners and renters. This trend aligns with global sustainability goals and is expected to accelerate as governments continue to incentivize the adoption of electric vehicles.

Individual Consumers Segment is Largest Owing to Growing Demand for Flexible Mobility

The individual consumers segment dominates the peer-to-peer carsharing market, driven by the increasing need for cost-effective and flexible mobility options. Individual renters benefit from the affordability and convenience offered by P2P carsharing platforms compared to traditional rental services. This segment includes diverse user groups, ranging from urban commuters seeking short-term rentals to travelers requiring vehicles for extended periods. Digital platforms have made it easier for consumers to access a wide range of vehicle types, further contributing to the growth of this segment. The rising awareness of shared mobility solutions and the convenience of online booking ensure the continued dominance of individual consumers in the market.

Owner-Based Model is Largest Owing to Direct Engagement and Cost Benefits

The owner-based model represents the largest share in the peer-to-peer carsharing market, as it directly connects individual vehicle owners with renters, eliminating the need for intermediaries. This model appeals to private car owners seeking additional income from underutilized vehicles while offering renters a wide variety of affordable options. The simplicity and cost-effectiveness of the owner-based model make it the preferred choice in this market. Additionally, advancements in platform features, such as secure payment systems and insurance coverage, have enhanced the appeal of owner-based carsharing. This segment is expected to maintain its leadership as more individuals recognize the financial benefits of renting out personal vehicles.

Online Platforms Channel is Fastest Growing Owing to Digitalization and Accessibility

The online platforms channel is experiencing rapid growth in the peer-to-peer carsharing market due to the increasing digitalization of mobility services. Platforms like Turo, Getaround, and Drivezy enable seamless interactions between car owners and renters, offering features such as vehicle listings, booking management, and secure payments. The convenience of accessing these services through mobile apps and websites has made online platforms the preferred channel for P2P carsharing. Additionally, the integration of advanced technologies such as GPS tracking, remote locking systems, and AI-driven pricing models has enhanced user experiences, driving the adoption of online platforms in this market.

North America Region is Largest Owing to Early Adoption and Technological Advancements

North America leads the peer-to-peer carsharing market, primarily due to the early adoption of shared mobility solutions and the presence of advanced digital infrastructure. The United States and Canada have well-established P2P carsharing platforms, such as Turo and Getaround, that cater to a growing base of urban and suburban users. High smartphone penetration, increasing awareness of shared mobility benefits, and strong support for sustainable transportation have further fueled market growth in this region. Additionally, government incentives for electric vehicle adoption and the expansion of charging infrastructure contribute to the popularity of EVs in North America's P2P carsharing ecosystem.

Leading Companies and Competitive Landscape

The peer-to-peer carsharing market is highly competitive, with established players like Turo, Getaround, and HyreCar dominating the landscape. These companies leverage technology to enhance user experiences, providing seamless booking processes, real-time vehicle tracking, and secure payment systems. Emerging platforms are also entering the market, focusing on niche segments such as electric vehicles or specific geographic regions. Competitive strategies include expanding vehicle options, enhancing platform features, and forming partnerships with insurance providers and automakers to improve service reliability. As digital innovation and sustainability drive market growth, competition is intensifying, with companies striving to attract both car owners and renters through value-added services and competitive pricing.

List of Leading Companies:

• Turo
• Getaround
• Drivy (acquired by Getaround)
• SHARE NOW (formerly car2go and DriveNow)
• HyreCar Inc.
• Hiyacar
• Zipcar (subsidiary of Avis Budget Group)
• SnappCar
• DriveMyCar Rentals
• SocialCar
• PeerCar
• CARNGO
• RentMyRide
• AAM Car Rental
• Wheeliz

Recent Developments:

• Turo announced a partnership with electric vehicle manufacturers to expand its EV-sharing options in January 2025.
• Getaround launched a subscription-based peer-to-peer carsharing service targeting frequent users in December 2024.
• SHARE NOW expanded its operations to new European cities, adding more electric and hybrid vehicles to its fleet in November 2024.
• Hiyacar introduced AI-based features for instant car matching, enhancing user convenience in October 2024.
• HyreCar Inc. reported significant growth in its platform usage by business users like rideshare drivers in September 2024.

Report Scope: