Press release
Car Rental Market Size, Growth Analysis to 2025 | Leading Players: Enterprise Rent-A-Car, Avis Budget Group, Inc., the Hertz Corporation, Sixt SE.
Car Rental Market
The Car Rental Market is expected to register a compound annual growth rate of approximately XX during the forecast period to reach around USD XX billion by 2025. Car rentals have become one of the rapidly growing markets in the Asia Pacific countries like India and China with the increase in the travel and tourism industry. These services provide the best commuting options in the regions where there is no proper public transportation and attractive tourist destination places.
Car Rental Market Opportunities:
The increase in the tourism industry has encouraged many companies to offer car rental services, increasing the competitive landscape of the market. The recent changes in the technology and the online hotel and flight booking services has made the car rental providers to partner with the airline and hotels to integrate their services while confirming their bookings. The advent of the Internet of Things (IoT) and connected cars will revolutionize the car rentals market in the future.
Browse details of research report developed on Car Rental Market @ https://www.researchcosmos.com/reports/car-rental-market-trends-estimation-and-forecast-2024/12401143
The increase in the inbound and domestic tourism is the primary factor promoting the global car rentals market. Furthermore, the advancements in the technology, lack of proper transportation in some developing nations, easy to choose options on the internet, growth in the disposable income of the population, availability of cars according to the needs of the customers, benefits of telematics technology, increase in the new entrants and other factors are also driving the international car rentals market. Additionally, the demand for hybrid vehicles that are environment-friendly will also boost the market growth. However, the changes in the crude oil prices, the low fare for public transportation, and the strict government regulations are hampering the market expansion.
Car Rental Market Regional Analysis:
Based on the regional analysis, the Car Rental Market is dominated by North America owing to the availability of key players and awareness about the car rental services among the people. Europe is following the North American region in terms of market share. Nonetheless, the Asia Pacific region is expected to witness highest CAGR in the forecast period owing to the increasing travel and tourism industry of the region with the countries like India, Indonesia, Malaysia, Singapore, Japan, Australia, and New Zealand.
Avail Sample Market Brochure of the report for more information, Get a Copy @ https://www.researchcosmos.com/request/car-rental-market-by-type-economical-car-sports-utility-ve/12401143
Car Rental Market Top Players in the Market:
Enterprise Rent-A-Car, Avis Budget Group, Inc., the Hertz Corporation, Sixt SE, and Europcar are the top companies of the global car rental car market.
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
kevin@researchcosmos.com
+1 888 709 8757
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Car Rental Market Size, Growth Analysis to 2025 | Leading Players: Enterprise Rent-A-Car, Avis Budget Group, Inc., the Hertz Corporation, Sixt SE. here
News-ID: 1217794 • Views: …
More Releases from Research Cosmos
Mobile Phone Insurance Market Size to Reach USD 32.24 Bn By 2025
The size of the Global mobile phone insurance market is estimated to reach USD 32.24 billion by 2025, growing at a CAGR of 12.5%, as per the recently published report by Research Cosmos. It is worth to claim insurance for mobile phones as we are spending a lot of money on purchasing. The policies include accidental damage, water damage, and screen cracking.
Browse details of the report @ https://www.researchcosmos.com/reports/mobile-phone-insurance-market/199557834
Growing utilization…
Social Employee Recognition Systems Market Predicted to grow at a CAGR of xx By …
Social Employee Recognition Systems Market Analysis Size, Growth rate and Overview:
Social Employee Recognition Systems Market was valued at USD xx million in 2018 and is expected to reach almost USD xx million by the end of 2025, growing at a CAGR of around xx% over the predicted period.
Throughout the world, social employee recognition systems have expanded dramatically to address the need to move away from traditional methods and programs of…
More Releases for Car
Car Washing Services Market Is Booming So Rapidly with Mister Car Wash, Zips Car …
The Car Washing Services Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market.…
Car Wash Service Market Boosting the Growth Worldwide: Auto Bell Car Wash, Miste …
The latest study released on the Global Car Wash Service Market by AMA Research evaluates market size, trend, and forecast to 2027. The Car Wash Service market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key…
Car Rental Services Market Forecast to 2028 Covid-19 Impact and Global Analysis …
Car rental services are a process of hiring/renting a car for a limited period from a rental company. Various companies like Uber Technologies, Europcar rent the vehicles for a short period ranging from few hours to weeks. The different types of cars rented by the company include Luxury Car, executive car, and economical car among others. Additionally, vehicle renting agencies also offer other products such as insurance, entertainment systems, and…
Car Rentals Market Growth Strategies and Innovative Technology Transformation by …
Worldwide Market Reports has announced the addition of the "Car Rentals Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Car Rentals Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The emergence of own-brand digital ordering platform has been trending in the global Car Rentals market. Car Rentals such as…
Luxury Car Leasing Market Competitors Analysis By German Rent A Car, ANI Technol …
'Global Luxury Car Leasing Market Research Report' the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place. The Luxury Car Leasing report is fragmented in several features which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in…
Car Wash Market is Thriving Worldwide 2026 | Super Star Car Wash, Autobell Car W …
This Car Wash Market research report offers you an array of insights about Automotive industry and business solutions that will support to stay ahead of the competition. Systematic investment analysis is also underlined in this Car Wash Market report which forecasts impending opportunities for the market players.This market report is the outcome of persistent efforts lead by knowledgeable forecasters, innovative analysts and brilliant researchers who carries out detailed and diligent…
