Netherland Car Rental Services Market will grow by US$ 1,138.91 Million during 2021-2028, according to Business Market Insights

The Netherland car rental services market is expected to grow from US$ 653.68 million in 2021 to US$ 1,138.91 million by 2028; it is estimated to grow at a CAGR of 8.3% during 2021–2028.

The rising road traffic continues to be one of the ongoing challenges that major urban centers in the Netherlands are facing. The alarming rate of rise in the number of owned cars increases accident risk, fuel consumption, and CO2 emission into the environment. The adverse impact of road traffic across the country is changing customer behavior and habits; for instance, the consumer attitude toward owning a car.

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Notably, the transition of customer preference in the Netherlands from personally owned vehicle toward the adoption of rental service is reducing the road traffic in the country. The adoption of car rentals or car-sharing enables a reduction in the volume of vehicles in urban locations, along with a reduction in greenhouse gas emissions. Interestingly, studies conducted in the Netherlands show that the provision of car rental services led to a considerable reduction in the number of privately owned vehicles by about 30%, reducing the number of kilometers driven by 15–20%, further reducing the exhaust emissions.

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Major Key players covered in this report:

• Avis Budget Group, Inc
• Europcar Mobility Group S.A
• AB Car Rental Bonaire
• Green Motion International
• Sixt SE
• The Hertz Corporation
• Enterprise Holdings
• ALD Automotive
• Arval BNP Paribas Group
• Athlon Car Lease International B.V

Impact of COVID-19 Pandemic on Car Rental Services Market-

The COVID-19 crisis affected the industries worldwide, and the Netherlands economy witnessed severe impact in 2020 and 2021. The pandemic disturbed car rental services businesses across the region. It is estimated that the Dutch economy contracted by 4.1% in 2020 due to the COVID-19 pandemic, and the related restrictions significantly affected tourism, hospitality and mobility sectors of the country. Following a nationwide lockdown in the first half of 2020, the Dutch economy started regaining momentum from the third quarter of 2020, which was interrupted by the second and third wave of COVID-19 infections during 2021.

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The research on the Netherland Car Rental Services market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Netherland Car Rental Services market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Netherland Car Rental Services market.

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This release was published on openPR.