The global car rental market is valued at USD 102.34 billion and is expected to reach USD 180.93 billion by 2029
PUNE, MAHARASHTRA, INDIA, September 1, 2022 /EINPresswire.com/ — Latest study published on the data bridge market Global car rental market Study with in-depth analysis of the current scenario, market size, demand, growth model, trends, and forecast. Global car rental market Research Report’, the report is comprehensive with elaborate research undertaken by eminent analysts and detailed analysis of the global industry niche. The study includes an in-depth and well-drafted review of this industry along with major parameters which can most likely influence the commercialization matrix of the market. The Car rental The market report includes global market size, demand, consumption, price, import, export, macroeconomic analysis, type and application segment information by region, including Europe, North America, the Middle East, Africa and South America. Industry chain analysis, raw materials, and end-user insights are also embedded in this Vehicle Leasing Market report.
Car rental service providers are widely used in various products, such as insurance policies, global positioning systems (GPS), Wi-Fi networks, damage repair, entertainment systems, to offer increased user comfort.
Global Car Rental Market was valued at USD 102.34 Billion in 2021 and is projected to reach USD 180.93 Billion by 2029, registering a CAGR of 7.90% during the forecast period 2022-2029. “Economy/economy cars” represent the largest segment of towing capacity in the respective segment due to the strong consumer preference for economy cars. The market report curated by the Data Bridge Market Research team includes expert in-depth analysis, import/export analysis, price analysis, production consumption analysis, and pestle analysis.
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Car rental or car rental agency are the services that rent automobiles at a certain cost for a short period of time. These services are provided by local branches which are usually located near busy areas or city airports and which have a website to allow online bookings.
The key 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.
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Increase in leisure travel
Rising number of people taking business and leisure trips across the globe is one of the major factors driving the growth of the car rental market. Expanding industries, increasing number of business trips, and increasing disposable income are contributing to the expansion of the market.
The surge in internet penetration in developing and developed countries is accelerating the growth of the market. Many businesses are capturing a wider customer base using dedicated mobile apps for customer convenience.
Implementation of an integrated global car
The increase in the implementation of an integrated global car rental system owing to the growing demand for reliable, high quality and familiar travel services while traveling is further influencing the market. Some major car rental operators are emphasizing the trend to expand their brand and distribution platforms.
Main points covered in the table of contents:
An industry overview of the global car rental market
Manufacturers market share Production market share by region
Consumption in different regions
Production, revenue and price trends by type
Global Car Rental Market Analysis by Applications
Company Profiles and Key Figures of Global Car Rental Market Manufacturing Cost Analysis of Car Rental Market
Customers, distributors and marketing channel
Research Findings and Conclusions on Global Car Rental Market
Data source and methodology
Click to view table of contents, figure and tables for full report at https://www.databridgemarketresearch.com/toc/?dbmr=global-car-rental-market
Some of the important questions for stakeholders and business professionals to expand their position in the global car rental market:
Q 1. Before 2022, which region offers the most lucrative open doors for the market?
Q 2. What are the business threats, as well as the impact of the latest scenario on the market growth and estimation?
Q 3. In terms of applications, types and areas, what are the most promising development opportunities for the global car rental market?
Q 4. Which segments of the car rental market are getting the most attention in 2022 and beyond?
Q 5. Who are the main players in the car rental market, today and tomorrow?
All of the segmentations provided above in this report are represented at the country level and can be customized as needed.
All market covered products, product volume and average selling prices will be included as customizable options which may incur little or no additional cost (depending on customization).
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