According to Cognitive Market Research, the global Carpooling System Market size is USD 19848.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 22.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 7939.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5954.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4565.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 992.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.9% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 396.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.2% from 2024 to 2031.
The Economy cars dominate the carpooling system market due to their affordability and fuel efficiency.
