Luxury Car Rental Market to Record Robust Growth Rate in Coming 10 Years | Goldcar, Enterprise Holdings, Hertz, Localiza
New York, Global Luxury Car Rental Market report from Global Insight Services is the single authoritative source of intelligence on Luxury Car Rental Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Luxury car rental is the renting of a high-end vehicle for a short period of time. Luxury car rentals are often used for special occasions such as weddings, proms, and business trips. Luxury car rental companies offer a wide variety of vehicles to choose from, including sports cars, convertibles, SUVs, and sedans. Many luxury car rental companies offer additional services such as chauffeur services, airport pick-up and drop-off, and 24-hour customer support.
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Key Trends
The key trends in luxury car rental technology are:
1. Increasing use of mobile apps: Mobile apps are becoming increasingly popular among luxury car rental companies as a way to provide a convenient and user-friendly experience for customers.
2. Use of electric vehicles: Electric vehicles are becoming more popular among luxury car rental companies as they offer a more environmentally-friendly option for customers.
3. Increased use of GPS tracking: GPS tracking is becoming more common among luxury car rental companies as a way to provide peace of mind for customers and improve the overall customer experience.
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Key Drivers
There are a few key drivers of the luxury car rental market.
Firstly, the increased disposable incomes of people globally have meant that there is more demand for high-end products and services, including luxury car rentals.
Secondly, the growth of the sharing economy has made it easier for people to access luxury car rentals, as they can now book and pay for them online.
Finally, the rise of social media has made it easier for people to see and compare the different options available to them, which has helped to drive up demand for luxury car rentals.
Market Segments
The luxury car rental market is segmented by rental type, end-user, and region. By rental type, the market is classified into business, and leisure. Based on the end-user, it is bifurcated into self-driven, and chauffer-driven. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global luxury car rental market includes players such as Aviz Budget, Goldcar, Enterprise Holdings, Hertz, Localiza, Sixt, Fox Rent a Car, Movida, Unidas, eHi Car Services, and others.
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