The subscription market is projected to grow significantly, potentially reaching a size of $40 billion by 2030. It's a reflection of changing consumer preferences, evolving urban landscapes, and the need for efficient, sustainable transportation. Minds will inevitably innovate even further as the call to address key requirements loudens; however, the answers subscription provides will inevitably be an ongoing part of that.
Such landscape, naturally, invites various players to participate—OEMs (manufacturers), dealerships, startups, and digital mobility companies—all vying for a piece of the pie. OEMs, with their production capabilities and brand recognition, have an advantage. Dealerships are exploring this new avenue to expand beyond standard sales. Startups bring agility and fresh perspectives, while digital mobility companies prioritize customer-centric solutions.
But this is just the beginning. The success of car subscriptions depends on true dedication and delivery on factors like customer-centricity, efficient vehicle supply management, adherence to regulations, technology integration, and strategic partnerships. Companies must adapt to changing preferences and market dynamics.
World Automobile Day pays homage to Karl Benz's groundbreaking invention and recognizes that the automobile's journey continues. Subscriptions represent the next chapter, where convenience, sustainability, and innovation intersect to shape the future of urban mobility. It's a journey worth subscribing to. Especially if we’re referring to SUBSCRIBE ME.
SUBSCRIBE ME By Smart Apps LLC
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