Vehicle Subscription Services – Thematic Intelligence

Vehicle Subscription Services Thematic Intelligence Report Overview

Vehicle subscription services (VSS) are a growing trend, as an alternative to owning or leasing a vehicle through purchase (cash or financing). While owning or leasing is still the primary form of vehicle ownership, affordability remains a roadblock for many consumers.

The ‘Vehicle Subscription Services’ thematic intelligence report gives an in-depth insight into the personalization theme and how it will impact the retail and apparel sector. It further entails a deep-dive analysis of the industry, including real-life use case studies and their impact. The report also identifies the key market trends that will shape the personalization theme over the coming years and gives an insight into the market players and the competitive landscape within the theme.

Vehicle Subscription Services – Key Trends

The main trends that will shape the personalization theme over the next 12 to 24 months are classified into technology trends, macroeconomic trends, and regulatory trends.

• Technology Trends: The key technology trends impacting the vehicle subscriptions are electric vehicles, shared autonomous vehicles, increase in online-only car industry and shared economy.
• Macroeconomic Trends: Global economic slowdown, COVID-19 pandemic, shifting consumer habits from ownership to usership and growing chinese brand sales are a few of the macroeconomic trends impacting the vehicle subscription services theme.
• Regulatory Trends: Emissions regulations and EU tariffs on imports of electric vehicles from China are the regulatory trends of the vehicle subscription services theme.

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Vehicle Subscription Services Value Chain Analysis

The vehicle subscription services value chain is broadly categorized into fleet, platform, and contract.

Fleet: The fleet segment of the value chain comprises the vehicles on offer, how they are maintained and insured, vehicle delivery, and dealership networks. The selection of electric vehicles (EVs) is a major concern in this market. The initial cost of buying an electric vehicle is higher than that of combustion-engine vehicles. Other concerns, such as residual values, rapidly advancing battery technology rendering older EVs obsolete, range anxiety, and charging infrastructure, are all contributing to lackluster demand for private purchases of EVs.

Vehicle Subscription Services Value Chain Analysis

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Vehicle Subscription Services - Leading Companies (Automotive Manufacturers)

A few of the leading companies (automotive manufacturers) within the Vehicle Subscription Services theme are:

• BMW
• Hyundai
• Mercedes-Benz
• Nissan
• Porsche

The following are a few of the leading third-party companies associated with the Vehicle Subscription Services theme:

• Ayvens
• Carify
• Carvolution
• Cocoon Vehicles
• Drive Fuze

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Vehicle Subscription Services Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens – a thematic screen, a valuation screen, and a risk screen.

• The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
• The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
• The risk screen ranks companies within a particular sector based on overall investment risk.

Vehicle Subscription Services Sector Scorecard – Thematic Screen

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Scope

• This report provides an overview of the vehicle subscription services theme. The detailed value chain comprises three layers: fleet, platform, and contract. Leading and challenging vendors are identified across both segments.
• It identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of Vehicle Subscription Services on the automotive industry, addressing these challenges.
• Several case studies are included to analyze the multiple ways companies have responded to the impact of this theme’s growth and what they are doing to grow with this theme.

Key Highlights

• The automotive landscape is shifting towards greener vehicles, but electric vehicles (EVs) have seen a recent slowdown in demand. Part of the softening in EV interest is due to the premium for electric cars versus a combustion-engine equivalent, as well as a steep fall in residual values and fears that rapidly developing battery technology will lead to older EV obsolescence.
• In 2017, vehicle manufacturers started to enter the subscription services market. Book By Cadillac debuted in January 2017, with its monthly costs including the ability to swap vehicles up to 18 times per year.
• Autonomous vehicles (AVs) are further behind electric vehicles in the mass adoption phase, due to more complicated regulatory and technological barriers.

Reasons to Buy

• This report will help you to understand vehicle subscription services and their impact on the automotive sector.
• Benchmark your company against your competitors and assess how automotive companies are utilizing vehicle subscription services to drive revenues.
• Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the automotive industry.
• Understand key industry challenges and where vehicle subscription services use cases are most useful.
• Develop and design your corporate strategies through an in-house expert analysis of vehicle subscription services by understanding the primary ways in which this theme is impacting the automotive industry.
• Position yourself for future success by investing in the right vehicle subscription services.