Insights into the Car Rental Market Growth Trajectory from 2023 to 2028

MarkNtel Advisors presents a comprehensive research analysis on the Global Car Rental Market i.e., set to register around CAGR 7% during 2023-28. It comprises an extensive examination of the various aspects affecting the industry dynamics, such as growth drivers, opportunities, restraints, challenges, key trends, recent developments, among others.

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With this report, our domain-specific experts dedicated analysts intend to inform stakeholders about the constant fluctuations in the Car Rental Market and what to expect from the industry in the forthcoming timeline so that they can make strategic moves to yield significant profits in the coming years. All data presented in the report is based on the following parameters:

Historical Period: 2018 -21
Base Year: 2022
Forecast Period: 2023 -28

Major Offerings in the Car Rental Market Report

Business strategies shares
Demand upsurge falls
Gross margins
Investment revenue generation opportunities
Leading companies and their profiling, mergers, acquisitions
High-growth segments geographies
Trends developments, among others

The report incorporates detailed information on the major factors influencing the Car Rental Market dynamics across different geographies, along with the competitive analysis, Covid-19 impact analysis, ongoing trends, latest developments, and various strategies adopted by industry players for revenue generation.

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.

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Car Rental Market Segmentation Regional Dynamics

The Car Rental Market is highly fragmented, and the following are its key segments:

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

Geographically, the Car Rental Market extends across:

By Region

-North America

-South America

-Europe

-The Middle East Africa

-Asia-Pacific

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Car Rental Market Competitive Landscaping: A Detailed Assessment

The report provides a comprehensive analysis of the leading participants in the Car Rental Market, based on their market share, developments, financials, revenue generation strategies, partnerships, mergers, acquisitions. The following parameters have been taken into consideration while profiling companies:

Key Performance Indicators
Latest Trends Developments
Product/Service Offerings
Risk Analysis
SWOT Analysis

The top companies in the Car Rental Market include:

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

Key Questions Addressed in the Car Rental Market Report

What is the expected compounded annual growth rate (CAGR) of the Car Rental Marketduring 2023-28?
What are the higher-growth segments/sub-segments in the Car Rental Market?
What the latest trends and recent mergers acquisitions in the Car Rental Market?
What are the key strategies adopted by leading companies operating in the Car Rental Market?
Which region/country would emerge as an area of opportunity for the Car Rental Market?

Contact us:

Company Name: MarkNtel Advisors

Email: [email protected]

Phone: +1 628 895 8081, +91 120 4268433

Address: 5214F Diamond Heights Blvd #3092,

San Francisco, CA 94131

United States