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China Car Timeshare Rental and Autonomous Driving Markets 2018-2020DUBLIN, June 11, 2019 /PRNewswire/ -- The "China Car Timeshare Rental and Autonomous Driving Report, 2018" report has been added to ResearchAndMarkets.com's offering. Car sharing exists in three forms: timeshare rental, ride-hailing, and P2P (peer-to-peer) car rental. In China, ride-hailing now prevails; P2P car rental firms almost have gone out of business; only timeshare rental gathers pace. China is expected to see its timeshare rental fleets have 200,000-250,000 cars by the end of 2018. It is predicted that China's timeshare rental fleet size will outnumber 900,000 units by 2020 before hitting more than 2.8 million units in 2022. On the whole, lower price and more convenience for renting a car conduce to timeshare rental sustaining over 100% growth in recent two years. The introduction of autonomous driving technology will be another reason to let customers find it cheaper and easier to use a car in the future. As a result, timeshare rental and ride-hailing services will roll into one, that is, autonomous taxi service. Some start-ups also have their eye on the promising timeshare rental market. They can provide a host of solutions from fleet management and scheduling to autonomous valet parking. Among Chinese firms, FutureMove Automotive positions itself as a provider of mobility services. Its solutions like automotive software and cloud platform, digital operation service and intelligent vehicle hardware have been available to multiple scenarios such as ride-hailing, timeshare rental, business purpose vehicle, industrial customer fleet management and test ride and drive. Autonomous valet parking (AVP), a key link to timeshare rental service, saves users a lot of picking and returning time. Leading autonomous driving solution providers like Baidu, UISEE and ZongMu Technology, all have announced to put their AVP service into trial operation by cooperating with timeshare rental firms and automakers. Timeshare rental already begins to shake traditional car rental industry in which the typical firm, CAR Inc. also has announced the launch of a timeshare rental service this year. In the first half of 2018 the car rental giant spent RMB3.42 billion buying new cars, most of which would be for expanding its timeshare rental fleets, a move sending its total fleet size to 123,879 units. In 2020, China will boast the timeshare rental fleet size of more than 900,000 cars, equivalently replacing over 4.5 million private cars, and the figures to reach over 2.8 million and 14 million in 2022, respectively. The report will explain the industry development trends and analyze 15 timeshare rental operators and 10 solution providers for their products and services, target market and operation strategy. Timeshare rental boom in 2018 is largely credited to the following:
Key Topics Covered: 1. Overview of Timeshare Rental For more information about this report visit https://www.researchandmarkets.com/r/un08ri Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/china-car-timeshare-rental-and-autonomous-driving-markets-2018-2020-300865542.html SOURCE Research and Markets |