Advance Market Analytics published a new research publication on “Vehicle Rental Services Market Insights, to 2026” 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 Vehicle Rental Services market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Avis Budget Group Inc. (United States), Enterprise Holdings Inc.(United States), Hertz Global Holdings Inc (United States), Localiza (Brazil), SIXT (Germany), Uber Technologies, Inc. (United States), Budget Truck Rental (United States), Fast Rent a Car (UAE), Bettercar Rental (Dubai), Europcar Mobility Group (France),
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Scope of the Report of Vehicle Rental Services:
Vehicle rental or vehicle hire agencies are agencies that rent automobiles for a short period of time at a certain cost. Rental services for SUVs and MUVs are anticipated to witness considerable growth in the next few years owing to an observed increase in people traveling for leisure and recreational purposes. Luxury car rental services have picked up pace in the emerging markets of China and India, whereas they have already attained maturity in developed countries such as the U.S. and U.K. Asia Pacific is anticipated to emerge as the fastest-growing regional market due to rising availability of high-end luxury as well as economy vehicles, particularly in developing nations, is providing a major boost to the car rental industry in the region.
The Indian car rental industry, Revenue in the Car Rentals segment amounts to USD 2,508m in 2020. Revenue is expected to show an annual growth rate of 11.8%, resulting in a market volume of USD 3,912m by 2024. In 2018, the European Government Spends New leasing volumes worth USD 473.162 billion on Assets, in which 52 % for Passenger Cars and 18% on Commercial Vehicles.
The titled segments and sub-section of the market are illuminated below:
by Application (Local usage, Outstation, Others), Vehicle Type (Car (Luxury Car, Executive Car, Economical Car, Sports Utility Vehicle (SUV), Multi Utility Vehicle (MUV)), Van, Truck, Others), Booking (Offline Booking, Online Booking), Rental Type (Chauf
Market Trends:
Increasing Demand for Online Rental Services
Increasing sales of smartphones is another major factor propelling the market
Opportunities:
High Adoption due to growing tourism industry across the globe
Increasing Adoption of Car Rental Management Software
Market Drivers:
The rise in the trend of on-demand transportation services
The Introduction of value-for-money Vehicle Rental Services is a trend that is gradually gaining momentum in the industry
Challenges:
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Vehicle Rental Services Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Vehicle Rental Services market
Chapter 2: Exclusive Summary and the basic information of the Vehicle Rental Services Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Vehicle Rental Services
Chapter 4: Presenting the Vehicle Rental Services 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 Vehicle Rental Services 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 (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Vehicle Rental Services Market is a valuable source of guidance for individuals and companies.
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