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Car Rental Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2020-2025 | ExpertMarketResearch.Com

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Mathew Williams
Car Rental Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2020-2025 | ExpertMarketResearch.Com

According to a new report by Expert Market Research titled, ‘Global Car Rental Market Report and Forecast 2020-2025’, the global car rental market stood at a value of around USD 124,344.7 million in 2019. The industry is further expected to grow at a CAGR of 12.1% between 2020 and 2025 to attain a value of USD 246,752.1 million by 2025.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/car-rental-market/requestsample

North America region is one of the leading markets in the industry, within which the United States car rental market contributes significantly towards its growth. Further, Europe is expected to witness an increase in demand for such services due to the implementation of stringent government policies in the region. With the rapid advancement in technology and increasing automation, the manufacturers are focusing on providing solutions like connected vehicles and the self-serve option to customers in order to enhance their rental experience. In January 2020, Avis Budget Group, Inc. (NASDAQ: CAR) and Fiat Chrysler Automobiles signed a new connected car agreement to add more than 22,000 Fiat vehicles in Avis Budget Group’s European fleet to provide enhanced on-demand car rental experience to the customers in Europe and allowing them to manage the same digitally through Avis mobile app, enabling lock/unlock technology. Such developments are expected to further aid the growth of the global car rental industry over the forecast period.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/car-rental-market

Market Breakup by Booking Type:

  • Offline Access
  • Online Access

Market Breakup by Application Type:

  • Leisure/Tourism
  • Business

Market Breakup by Vehicle Type:

  • Luxury/Premium Cars
  • Economy/Budget Cars
  • SUVs
  • MUVs

Market Breakup by Region:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Competitive Landscape & Supplier Analysis:

  • Ace Rent-a-car.
  • Advantage Rent-a-car
  • National Car Rental
  • Avis Budget Group Inc. [CAR (NASDAQ)].
  • Eco Rent a Car.
  • Enterprise Holdings Inc..
  • Hertz Corp. [HRI (NYSE)].
  • Global Cars
  • Localiza–Rent-a-car SA [RENT3 (BVMF)]
  • Europcar Group [EUCAR (EPA)]
  • Others

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Media Contact

Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: [email protected]
Expert Market Research
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