Advance Market Analytics published a new research publication on “Subscription-Based Car Rental Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Subscription-Based Car Rental market was mainly driven by the increasing R&D spending across the world.
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Some of the key players profiled in the study are: The Hertz Corporation (United States), Enterprise Holdings, Inc. (United States), Porsche Cars North America, Inc.( United States), FlexClub (Netherlands), Carvolution (Switzerland), Invygo (United Arab Emirates), Bipi (Spain), LMP Motors. (United States), Cluno GmbH (Germany), Canoo (United States), FreshCar (United States), Carbar Autos (Australia), SIXT(Germany), Europcar (France), selfdrive.ae (United Arab Emirates).
Scope of the Report of Subscription-Based Car Rental
Subscription-based car rental refers to a long-time rental where the user can assess one or more vehicles by paying a periodic fee. This is an alternative option of owning or leasing a car without any down payment or car loan. It covers insurance, roadside assistance, and complete maintenance on a monthly fee. Subscription-based car rental allows the user to extend or return or buy out the car when it wants. This service also offers features like Door-step delivery, Verification checks and Mileage-based billing, etc
The titled segments and sub-section of the market are illuminated below:
by Application (Commercial, Residential), Service Deployment (Web-Based, App-Based, Others), Car Type (Electric-Car, Petrol or diesel Car, Others), Subscription Pricing (Daily rental, Monthly, Yearly, Other)
Market Trends:
Advancement in technology offering an app-based platform for subscription-based car rental Market
Opportunities:
Increasing popularity of cars among the individual in the developing countries booming the Subscription-based car rental Market
Market Drivers:
Growing demand for a flexible alternative to owning a car without any tie-ins or responsibilities
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On 27 July 2021, RCI Bank and Services, the Renault Group’s automotive captive, acquired Bipi, a multi-brand platform that is a reference in car subscription offers for used vehicles, a growing segment. Through this acquisition, RCI Bank and Services will extend its range of flexible all-inclusive products with multi-brand subscriptions dedicated to used vehicles. Bipi will also enable the design of subscription formulae for Mobilize’s activities, in order to meet the new expectations of car drivers.
On the basis of geography, the market of Subscription-Based Car Rental has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Strategic Points Covered in Table of Content of Global Subscription-Based Car Rental Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Subscription-Based Car Rental market
Chapter 2: Exclusive Summary – the basic information of the Subscription-Based Car Rental Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Subscription-Based Car Rental
Chapter 4: Presenting the Subscription-Based Car Rental Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Subscription-Based Car Rental market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Subscription-Based Car Rental Market is a valuable source of guidance for individuals and companies.
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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