PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Japan's Car Sharing Market to Grow Strongly - Revenues to Reach US$550 Million in 2016 Predicts Frost & Sullivan - Frost & Sullivan expects Japan's car sharing market to grow strongly to reach US$550 million in 2016 as compared to US$17 million in 2009 as the younger population moves towards 'demotorization' due to the high costs of owning a car
Japan's Car Sharing Market to Grow Strongly - Revenues to Reach US$550 Million in 2016 Predicts Frost & Sullivan

 

NewswireToday - /newswire/ - Tokyo, Japan, 2011/07/20 - Frost & Sullivan expects Japan's car sharing market to grow strongly to reach US$550 million in 2016 as compared to US$17 million in 2009 as the younger population moves towards 'demotorization' due to the high costs of owning a car.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Mr. Aswin Kumar, Industry Analyst at Frost & Sullivan Automotive & Transportation Practice, Asia Pacific noted that Japan is one of the major developed economies, where automobile ownership is continually decreasing. Vehicle buying has decreased by more than 30 percent since 1990 and this trend is labeled as 'kuruma banare' in Japanese. "The young urban Japanese consumers no longer consider cars as status symbols. Also, their interest is shifting toward personal computers, mobile phones, and internet," he added.

Mr. Kumar said that the associated costs of owning a car such as vehicle ownership, mandatory bi-annual inspections and automobile tax are high and can cost as much as US$480 (¥40,000) a month in Japan. "Furthermore, parking charges for a vehicle is very expensive in Tokyo. Parking cost alone is in excess ofUS$540 (¥45,000) a month in the Tokyo city center," he added.

He also said that car sharing is a suitable replacement for car ownership in highly congested cities such as Tokyo where there is a demand for personal transportation.

New analysis from Frost & Sullivan (automotive.frost.com), Strategic Analysis of Carsharing Market in Japan, forecasts that Japan's car sharing members to surge to 1.5 million in 2016 with 23,000 car sharing vehicles as compared to 17,500 members in 2009 with around 1,600 car sharing vehicles.

Mr. Kumar said that a number of car sharing operators in Japan have established station cars that link car sharing to public transportation. "Planned communities also employ car sharing in Japan with operators such as ASQ and Orix setting up car sharing pods in condominiums and planned housing developments, which is likely to increase the take up rate of car sharing in Japan," he added.

Mr. Kumar said that car sharing is an attractive transport solution as it complements other types of travel modalities, especially public transportation. He added that currently, there are around 30 car sharing programs in Japan, of which 50 percent began operations in 2009, with more than 3,000 car sharing vehicles.

He added that several convenience stores including Ministop, Lawson Inc, Circle K Sunkus, and Family Mart also provide carsharing services for their customers, which consecutively fuels member adoption and consumer satisfaction.

Mr. Kumar said that electric vehicles are expected to play an important role in the car sharing market globally and estimates that more than 24,000 battery-operated electric vehicles to be operated in car sharing programs worldwide by 2016.

He added that vehicle manufacturers are also keen to promote clean mobility services through electric vehicles either through collaborations with car sharing operators or public transport operators such as Orix in Japan.

He also said most of the vehicles in Japan's car sharing market employ advanced telematics and navigation functionalities to cater to consumers' comfort and convenience as compared to Europe and North America. For instance, Orix carsharing vehicles display fuel consumption and CO2 emissions in the navigation display and helps in altering driving behavior, notes Mr. Kumar.

If you are interested in more information on this study, please send an email to Alice Chia, Corporate Communications – Asia Pacific at alice.chia[.]frost.com with your full name, company name, title, telephone number, company email address, company website, city, state and country.

Strategic Analysis of Car sharing Market in Japan is part of the Automotive & Transportation Growth Partnership Services program, which also includes research in the following markets: Impact of Urbanization and Development of Megacities on Personal Mobility and Vehicle Technology Planning, Sustainable and Innovative Personal Transport Solutions - Strategic Analysis of Carsharing Market in North America, World's Top Global Mega Trends To 2020 and Implications to Business, Society and Cultures, and Executive Analysis of Bike Sharing in North America. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Japan's Car Sharing Market to Grow Strongly - Revenues to Reach US$550 Million in 2016 Predicts Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Ms. Alice Chia 
alice.chia[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable
Frost & Sullivan Acclaims Federal-Mogul Motorparts' Visionary Solutions and Growth Strategies for the North American Automotive Aftermarket
Borealis and Borouge Showcase Lightweight Solutions with the 2016 European Car of the Year At K Fair
BASF - Charge Air Duct Made from The High-temperature Polyamide Ultramid® Endure BM for Blow Molding
MAN Announces First Major Order from Tbilisi
BASF and Hyundai Motor Showcase RN30 Concept Car At K Fair
750th MAN D2676 Engine for Alstom’s Coradia Polyvalent Delivered in Time for Innotrans 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)