Data Bridge Market Research added a new research study on Global Car Rental Market in its repository, aims to offers a detailed overview of the factors influencing the worldwide business orientation and overall outlook. Study highlights recent market insights with disrupted trends and breakdown of Car Rental Market products and offering along with impact due to macro-economic headwinds and matured western countries slowdown. Quantitative statistics with qualitative reasoning are evaluated on Car Rental Market size, share, growth and trending influencing factors with Pre and Post 2021 Impact on Global Market leaders and emerging players.
Car rental market is expected to reach USD 167.69 billion by 2027 witnessing the market growth at a rate of 7.4% in the forecast period of 2020 to 2027. The market has witness significant growth in the years to come due to the increase in automotive production across the globe and with consumer preference over luxury and hybrid vehicles with advanced technology.
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Growth in the population and pollution levels, car rental industry has experienced a drastic growth in the years as it has been the most prominent industry in fleet transportation. Manufactures and consumers rely on car rent schemes as they are cost effective such as leasing cars from their owners for a period of three years and then put these cars through app based booking. Increase in the air traffic and the growth in online trend of car booking as car rentals are the preferred options for travellers as they are fastest mode of transportation. As these advantages promoted growth in the car rental industry. Moreover, adoption of car rental management software will create the growth opportunity in the forecast period of 2020-2027.
Low rates of interest penetration in the developing regions will act as a restraint, and further challenge the growth of the in the car rental market forecast period mentioned above.
Global Car Rental Market Scope and Market Size
- On the basis of type, the car rental market is segmented into luxury cars, executive cars, economy cars, SUVs and MUVs
- On the basis of application, the car rental market is segmented into local usage, airport transport, outstation and others
- Based on booking, the car rental market is segmented into offline booking and online booking.
- Based on end-use, the car rental market is segmented into self-driver and chauffeur-driven
- Based on fare price, the car rental market is segmented into economy/budget cars, luxury/premium cars
- On the basis of rental length, the car rental market is segmented into short term and long term
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The countries covered in the car rental market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Leading Key Players Operating in the Car Rental Market Includes:
The major players covered in the global car rental market report are Avis budget group, SIXT, Enterprise Holdings, Inc, Europcar, Localiza, The Hertz Corporation, Carzonrent India pvt ltd, Eco Rent a Car, Advantage OPCO, LLC, Shenzhen Topone Car Rental Co. Ltd, Enterprise Holdings Inc., Bettercar Rental, National Car Rental, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-car-rental-market
The Car Rental Market report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Car Rental Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Car Rental Market.
How will this Market Intelligence Report Benefit You?
- The report offers statistical data in terms of value (US$) as well as Volume (units) till 2028.
- Exclusive insight into the key trends affecting the Car Rental Market industry, although key threats, opportunities and disruptive technologies that could shape the Global Car Rental Market supply and demand.
- The report tracks the leading market players that will shape and impact the Global Car Rental Market
- The data analysis present in the Car Rental Market report is based on the combination of both primary and secondary resources.
- The report helps you to understand the real effects of key market drivers or retainers on Car Rental Market
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