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Just Released: "Zipcar - world's largest car sharing network"


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2013-12-29 18:08:32 - Fast Market Research recommends "Zipcar - world's largest car sharing network" from MarketLine, now available

Zipcar, Inc. operates a car sharing network, providing self-service vehicles, by the hour or by the day. It entered the market in its very early stages and rapidly expanded through mergers, acquisitions and strategic partnerships, to become the global leader. Despite its strong membership and revenue growth, it failed to turn a profit and in 2013 it was acquired by Avis Budget Group.

Features and benefits

* Analysis of car sharing market, including its revenue and membership growth, outlook, main competitors and factors impacting on its growth prospects.
* Analysis of Zipcar's business model and revenues.
* Analysis of Zipcar's acquisition by Avis and its implications for the further development of car sharing and car rental services.

Highlights

Full Report Details at
-

www.fastmr.com/prod/759012_zipcar_worlds_largest_car_sharing_net ..

The global car sharing market is expanding at a fast rate and represents significant revenue opportunities. Encouraged by rapid market growth, traditional car rental companies have introduced their own car sharing services and are now competing with smaller car sharing companies, car manufacturers, P2P services, as well as private individuals.
Zipcar's revenue more than doubled between 2008 and 2012 and its membership has increased significantly. Its innovative business model began to threaten incumbents with traditional, rental operations.
In 2103, Zipcar was acquired by Avis for $500.0m. Zipcar's revenue after acquisition is expected to grow by up to $20.0m. Zipcar owners were able to cash out at a 50.0% premium, showing how eager Avis is to make an impact in the car sharing industry.

Your key questions answered

* What is car sharing market and how fast is it growing? How much is the global car sharing market worth? Who are the main competitors?
* What are the main factors impacting the car sharing market development?
* What are Zipcar's advantages? How did it enter the car sharing market and expanded its market share?
* What is Zipcar's revenue and why did it fail to return profits?
* What are the implications of its acquisition by Avis for the global car sharing market?

Report Table of Contents:

OVERVIEW
Catalyst
Summary
GLOBAL CAR SHARING OPPORTUNITIES
Mobility without the expense and inconvenience of car ownership
CAGR of 31.5% between 2006 and
Global market shows signs of maturing but continues to grow strongly
North America accounts for majority of car sharing membership
US car sharing market exceeded $1bn in
Traditional car rental players compete with car sharing companies and automakers
Preferred expansion through mergers and acquisitions
Technology and convenience determine further market development
ZIPCAR - THE LEADING MEMBERSHIP BASED CAR SHARING NETWORK
Zipcar has first-mover advantage and significant brand cachet
Zipcar expanded through mergers, acquisitions and strategic partnership
Targeting individuals and businesses in 23 metropolitan areas and on over 300 college campuses
10,000 Zipcars in North America and Europe and emphasis on green benefits
RFID technology facilitates security and convenience
Customized membership plan with various regional fees
Zipcar sued for lack of transparency in membership fees
Zipcar's revenue remains strong but there are signs of deceleration
Accumulated loss of $70m despite healthy revenue increase
Zipcar's membership growth is slowing down as competition increases
COMPETITION-CRUSHING ACQUISITION PUTS END TO DISRUPTIVE INNOVATION
$500m acquisition to generate $50-$70m in annual synergies
Zipcar owners cashing out at 50.0% premium
Towards corporatization, or bad news for Zipcar consumers
Zipcar acquisition made way for car sharing oligopoly
CONCLUSIONS
Healthy revenue growth attracts variety of players
Zipcar's business proved existing demand for car sharing
Profitability proved difficult to achieve as business costs are high
The beginning of the end of car sharing industry?
APPENDIX
Definitions
Sources
Further Reading
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About Fast Market Research

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For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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