Growth In The Global Leisure And Corporate Travelers is expected to impact positively on Car Rental Market Growth Till 2024
“The car rental market size was valued at USD 72.74 billion in 2015. The industry is primarily driven by the growth as well as expansion of the global travel and tourism industry.�
The global Car Rental Market is expected to witness a substantial growth over the forecast period, reaching USD 119.56 billion by 2024, according to a new report by Grand View Research, Inc. The industry is primarily driven by the growth as well as expansion of the global travel and tourism industry. There has been a significant increase in the number of business and leisure trips worldwide over the past few years. Access Full Research Report on Global Car Rental Market: http://www.grandviewresearch.com/industry-analysis/car-rental-market-analysismarket The advent of online rental portals has helped shape the dynamics of the car rental industry. Growing usage of smartphones and tablets has helped customers to book and reserve cars from anywhere at any point of time. Major players, such as Enterprise RentA-Car and Avis Budget Group, are now focusing on developing smartphone applications and optimizing their customer-friendly websites to facilitate quick and convenient bookings.
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