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Press Release

Global Luxury Cars Rental Market Increasing Consumer Demand & Will Grow US $23.2 Billion by 2022

This press release was orginally distributed by SBWire

Sarasota, FL -- (SBWIRE) -- 11/10/2017 -- Zion Market Research has published a new report titled "Luxury Cars Rental Market (Compact Luxury Cars, Mid-Size Luxury Cars, Full-Size Luxury Cars, Luxury Crossovers & Minivans, and Luxury SUVs) for end-users such as Local Usage, Airport Transport, Outstation, And Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022". According to the report, the global luxury cars rental market accounted for USD 8.2 Billion in 2014 and is forecasted to surpass the USD 23.2 Billion by 2022, growing at a CAGR of around 14.0% between 2017 and 2022.

Most car rental providers offer a range of vehicle sizes to suit a variety of budgets and space requirements. Some providers additionally offer specialized vehicles to suit its location such as convertibles, prestige models, hybrid/electric vehicles, or SUVs and passenger vans. The technological innovation such as Internet website allowing online reservations, the different mobile application allows user to save their time and money.

Request Free Sample Research Report @ https://www.zionmarketresearch.com/sample/luxury-cars-rental-market

The automotive industry can benefit from a fundamentally different business model, which involves less waste, higher customer loyalty, and significantly improved profits. To gain such types objective automaker has started adopting the different business model, instead of selling cars for a one-time profit, manufacturers have started to a service based long-term lease business model. Instead of losing touch with customers after the initial sale, manufacturers collecting back used vehicles years later to be remanufactured into new vehicles. These are examples of circular economy strategies, whereby manufacturers efficiently recycle and remanufacture their products without sacrificing quality. Ultimately, this leads to a more sustainable business model and environment.

Circular economy strategies are helping luxury car rental firms to invest in the business. Such kind of circular economy strategies is supporting the luxury car rental business. Mercedes Benz is implementing these strategies and expected top profit gain is up to nine times within five years.

Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/luxury-cars-rental-market

Compact luxury cars segment is expected to dominate the luxury cars rental market over the forecast period among other luxury car type segments including midsize luxury cars, full-size luxury cars, luxury crossovers & minivans, and luxury SUVs. Compact luxury cars segment is expected to expand at a relatively high growth rate of 14.2% over the forecast period.

Airport transport segment is expected to account for relatively high share with a significant growth rate of 14.4% over the forecast period. Others segments of the luxury cars rental market by end-users segmentation include local usage, outstation, and others.

Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/luxury-cars-rental-market

Online segment is expected to expand at a relatively high CAGR the offline segment over the forecast period, attributed to increasing trend of e-commerce across the globe. Online segment is expected to account for 70.2% by 2022 end.

The luxury cars rental market is fragmented on the basis of the region as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among the above-mentioned regions, Asia Pacific luxury cars rental market is expected to expand at a relatively high growth rate over the forecast period. However, luxury cars rental market in North America is expected to dominate the global market with 46.7% revenue share by 2022 end.

For Media Inquiry contact our sales Team @ sales@zionmarketresearch.com

Prominent players of the luxury cars rental market include Avis Budget Group, Inc., Sixt Rent-A-Car, Enterprise Rent-A-Car, The Hertz Corporation, Europcar, Al-Futtaim Group, Carzonrent, Localiza Rent A Car, Eco Rent A Car, and others.

About Zion Market Research
Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Media Relations Contact

Steven Schulz
Research Analyst
Zion Market Research
Telephone: 49-322 210 92714
Email: Click to Email Steven Schulz
Web: https://www.zionmarketresearch.com/sample/luxury-cars-rental-market

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