Europe vehicle rental market is growing at a fair pace and is estimated to reach $157.89 billion with a CAGR of 16.63% during 2018-2024

Summary of the report:
Europe vehicle rental Market study by Envision Inteligence discusses in detail about diverse market dynamics influencing the market and covers the leading market players and competitive highlights and trends prevailing over the years.

The report “Europe vehicle rental market is expected to reach USD 157.89 by the year 2024, at a CAGR of 16.63% during forecast period. Key points like expansion and progression of worldwide travel and tourism industry, incorporation of advanced digital technologies in car rental services, investment by global funds and players opting for aggregator based business model are accelerating this market and the factors like negative impact of volatile prices of gasoline and petroleum products on expenditure in car rental industry, immense traffic problems in metropolitan cities & pollution effect on environment are hampering the market growth.

Vehicle rental market relates running vehicle on a rental basis or leasing the vehicle for a specific period of time. Europe is having the inclined growth in dealing with the vehicle rentals within the forecast period with CAGR of 16.63%. The boom in the European markets of transport as many advantages like increased concern and awareness of lower emissions compiled by the reducing the number of cars on road are making this markets.

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Key pointers in the report include:
• Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges and constraints on the market during the next five years.
• Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope for the market in end user industries.
• Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
• Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market.
• A complete 360 degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period.
• Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request.
• All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.

Europe vehicle rental market Top Players
• Avis Budget Group Inc.
• Localiza – Rent a Car SA
• Advantage Rent-a-car Corporation
• Carzonrent Ltd
• Fox-Rent-a-car

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