The Global Car Rental Market is expected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28. MarkNtel Advisors’ recently published versions of the study on the Global Car Rental Industry (2023-2028) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
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Global Car Rental Market Key Drivers:
Expansion of Global Tourism to Augment the Market Growth – Tourism is a rapidly growing industry, especially in countries like China, the UAE, France, etc., and this has been a major driver for the Car Rental market across the globe. According to World Travel and Tourism Council, the growth rate of the global travel & tourism sector outpaced the growth of the global economy for nine consecutive years prior to the COVID-19 pandemic. During the pandemic, the industry witnessed a downfall of 50.4%, and later on, it recovered by 21.7% in 2021. As more individuals travel globally, they seek convenient means of transportation, owing to which they opt for these services.
Analyzing the Segmentations for the Global Car Rental Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By Booking Mode
-Offline
-Online
By Application
-Leisure
-Business
By Vehicle Type
-Luxury
-Economy Cars
-Executive Cars
-Sports Utility Vehicles (SUVs)
-Multi Utility Vehicles (MUVs)
By Rental Category
-Local
-Airport
-Outstation
By Driver Type
-Self-Driving
-Chauffeur
By Rental Duration
-Short Term
-Long Term
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Exploring the Geographical Landscape of the Global Car Rental Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Do You Know Who are the Leading Companies in the Global Car Rental Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the Global Car Rental Market companies:
-Avis Budget Group
-Sixt SE
-Enterprise Holdings (Alamo)
-Hertz Corp.
-Europcar
-Localiza
-Carzonrent India Pvt. Ltd. (CIPL)
-ZoomCar, Inc.
-Dollar Rent a Car
-Green Motion
-Buchbinder
-Others.
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Key Questions Addressed in the Global Car Rental Market Research Report:
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