Press release
Long Term Car Rental Market to See Huge Demand by 2029: Enterprise, Budget, SIXT, Avis
Long Term Car Rental Market
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Summary
According to HTFMI, the global market for Long Term Car Rental should grow from US$ 1413 million in 2022 to US$ 1923.4 million by 2029, with a CAGR of 4.5% for the period of 2023-2029.
The long term car rental market is growing steadily due to the increasing demand for rental cars for extended periods of time. Major sales regions for long term car rental include North America, Europe, Asia Pacific, and Latin America. North America and Europe are the largest markets due to the high disposable income of consumers and the presence of major car rental companies.
The market concentration is high, with major players such as Enterprise Rent-A-Car, Hertz, Avis Budget Group, and Europcar dominating the market. These companies have a strong presence in multiple regions and offer a wide range of rental options, including long term rentals.
One of the major opportunities in the long term car rental market is the growing trend of subscription-based car rental services. These services offer customers the option to rent a car for a longer period of time, typically a month or more, and include maintenance and insurance in the rental price. This model is becoming increasingly popular among consumers who want the flexibility of a rental car without the commitment of a long-term lease.
However, the long term car rental market also faces challenges such as increasing competition from ride-sharing services and the rising cost of owning and maintaining a rental fleet. Additionally, the COVID-19 pandemic has had a significant impact on the market, with many rental companies experiencing a decline in demand due to travel restrictions and reduced consumer spending.
Overall, the long term car rental market is expected to continue growing in the coming years, driven by the increasing demand for flexible transportation options and the rise of subscription-based rental services. However, companies will need to adapt to changing consumer preferences and market conditions in order to remain competitive.
This report studies and analyses global Long Term Car Rental status and future trends, to help determine the Long Term Car Rental market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Long Term Car Rental, and provides market size (US$ million) and Year-over-Year growth, considering 2022 as the base year.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
To assess the competitive environment within the market including supplier revenue, market share, and company profiles.
Highlights
(1) Global Long Term Car Rental market size, history data 2018-2023, and forecast data 2024-2029, (US$ million)
(2) Global Long Term Car Rental by company, revenue, market share and industry ranking 2018-2023, (US$ million)
(3) China Long Term Car Rental by company, revenue, market share and industry ranking 2018-2023, (US$ million)
(4) Global Long Term Car Rental key consuming regions, consumption value and demand structure
(5) Long Term Car Rental industry chains, upstream, midstream and downstream
Market segment by players, this report covers: Enterprise, Budget, SIXT, Avis, Europcar, Trevo, Hertz, Snap Rentals, Xtracars, FINN, DriveMyCar, HelloCars, Woodford, TravelSupermarket, Maggiore Rent, Goldcar, Thrifty, Alamo, Oscar Car Rental, OK Mobility, First Car Rental, Tempest Car Hire, Record go, Yelo, Selfdrive, Easirent, Marbesol, Buchbinder, Budgetcatcher, Costa Rent
Market segment by Type, covers
Monthly Car Rental
Annual Car Rental
Multi-year Car Rental
Market segment by Application, can be divided into
Personal Use
Business Use
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
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Report Includes:
Chapter 1: to describe Long Term Car Rental product scope, global consumption value, China consumption value, development opportunities, challenges, trends, and policies.
Chapter 2: Global Long Term Car Rental market share and ranking of major manufacturers, revenue, 2018-2023
Chapter 3: China Long Term Car Rental market share and ranking of major manufacturers, revenue, 2018-2023
Chapter 4: Long Term Car Rental industry chain, upstream, medium-stream, and downstream.
Chapter 5: Segment by Type, consumption value, percent & CAGR, 2018-2029
Chapter 6: Segment by Application, consumption value, percent & CAGR, 2018-2029
Chapter 7: Segment in regional level, consumption value, percent & CAGR, 2018-2029
Chapter 8: Segment in country level, consumption value, percent & CAGR, 2018-2029
Chapter 9: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, revenue, gross margin.
Chapter 10: Conclusions
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1 Market Overview
1.1 Long Term Car Rental Definition
1.2 Global Long Term Car Rental Market Size and Forecast
1.3 China Long Term Car Rental Market Size and Forecast
1.4 China Percentage in Global Market
1.5 Long Term Car Rental Market Size: China VS Global Growth Rate, 2018-2029
1.6 Long Term Car Rental Market Dynamics
1.6.1 Long Term Car Rental Market Drivers
1.6.2 Long Term Car Rental Market Restraints
1.6.3 Long Term Car Rental Industry Trends
1.6.4 Long Term Car Rental Industry Policy
2 Global Leading Players and Market Share
2.1 By Revenue of Long Term Car Rental, Global Market Share by Company, 2018-2023
2.2 Global Long Term Car Rental Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.3 Global Long Term Car Rental Concentration Ratio
2.4 Global Long Term Car Rental Mergers & Acquisitions, Expansion Plans
2.5 Global Long Term Car Rental Major Companies Product Type
2.6 Head Office and Long Term Car Rental Production Site of Key Manufacturer
3 China Leading Players, Market Share and Ranking
3.1 By Revenue of Long Term Car Rental, China Market Share by Company, 2018-2023
3.2 China Long Term Car Rental Participants, Market Position (Tier 1, Tier 2, and Tier 3)
4 Industry Chain Analysis
4.1 Long Term Car Rental Industry Chain
4.2 Long Term Car Rental Upstream Analysis
4.2.1 Long Term Car Rental Core Raw Materials
4.2.2 Main Manufacturers of Long Term Car Rental Core Raw Materials
4.3 Midstream Analysis
4.4 Downstream Analysis
4.5 Long Term Car Rental Production Mode
4.6 Long Term Car Rental Procurement Model
4.7 Long Term Car Rental Industry Sales Model and Sales Channels
4.7.1 Long Term Car Rental Sales Model
4.7.2 Long Term Car Rental Typical Distributors
5 Sights by Type
5.1 Long Term Car Rental Classification
5.1.1 Monthly Car Rental
5.1.2 Annual Car Rental
5.1.3 Multi-year Car Rental
5.2 By Type, Global Long Term Car Rental Consumption Value & CAGR, 2018 VS 2022 VS 2029
5.3 By Type, Global Long Term Car Rental Consumption Value, 2018-2029
....Continued
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/4291117-long-term-car-rental-global-and-china-top-players-market
It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 (434) 322-0091
sales@htfmarketreport.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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