Global Car Rental Market Research and Upcoming Forecast Report
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description and Highlights Report Description Car Rental Market Outlook 2026:
According to the latest report by IMARC Group, titled “Car Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global car rental market size reached US$ 93.70 Billion in 2020. Car rental, or hire a car facility, refers to the process of renting a car for a short duration. These car rental services are provided by agencies that purchase several fleet vehicles and rent them to customers for a fee. Nowadays, individuals prefer to hire a car on rent as it is a more cost-effective alternative than owning a vehicle and offers freedom of movement and low-cost traveling. Some rental cars are also equipped with entertainment systems, global positioning systems (GPS), and Wi-Fi networks. Request for a PDF sample of this report: https://www.imarcgroup.com/car-rental-market/requestsample
Report Description and Highlights
Report Description
Global Car Rental Market Trends:
The global car rental market is primarily driven by the rapid growth of the information technology (IT) sector. With the rising penetration of smartphones, renting a car through online platforms has become the most preferred choice. Besides this, increased travel and tourism activities have encouraged individuals to opt for car rental services, such as taxis and carpooling, for improved mobility and cost-effective traveling. The high usage rate of car rental services by daily commuters and office goers is also providing a positive outlook to the market. Besides this, governments of various countries are emphasizing on minimizing their vehicular emissions. Consequently, car rental services have emerged as one of the most economical modes of transportation. On account of these factors, the market value is anticipated to reach US$ 144.7 Billion by 2026, expanding at a CAGR of 7.50% during 2021-2026.
Report Description and Highlights
Report Description Key Market Segmentation: Breakup by Booking Type: •Offline Booking •Online Booking
Breakup by Rental Length: •Short Term •Long Term
Breakup by Vehicle Type: •Luxury •Executive •Economy •SUVs •Others
Breakup by Application: •Leisure/Tourism •Business
Report Description and Highlights
Report Description Breakup by End-User: •Self-Driven •Chauffeur-Driven
Breakup by Region:
•North America •Asia Pacific •Europe •Latin America •Middle East and Africa Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc
Report Description and Highlights
Report Description Competitive Landscape:
•Avis Budget Group, Inc. •Carzonrent India Private Limited •Eco rent a car •Sixt SE •Localiza •Enterprise Holdings, Inc. •Enterprise Rent-A-Car •Europcar •The Hertz Corporation View Report TOC, Figures and Tables: https://www.imarcgroup.com/car-rental-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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