Press release
Global Car Rental Market Trends Mapping the Latest Technological Advancement in forecast to 2026 | Avis Budget Group, Enterprise Rent-a-car, Hertz and others
The growth of car rental market can be attributed to the expansion and evolution of the travel and tourism industry worldwide. Increasing GDP, rising income heights of individuals and an growing number of domestic and foreign tourists are some of the other drivers of the car rental market. Likewise, swelling traveling expenditure, upward awareness regarding car rental service, shifting preferences of people towards leisure and recreation spending along with the rising population of high net worth individual (HNI) are also expected to trigger the market growth.As per the latest report added by Value Market Research, the Global Car Rental Market was valued USD XX (by revenue) in 2018 and is anticipated to reach USD XX by 2026 with a CAGR of +13%.
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Companies Profiled in this Report Includes:
• Avis Budget Group
• Enterprise Rent-a-car
• Hertz and others.
About Car Rental Market:
The growing concern over environmental protection and swelling applications of Car Rental in order to eliminate toxin or pollutants across several end-user industry such as oil and gas, automotive industry, forestry, and mining, etc. are driving the Car Rental market growth. In accumulation to this, increasing government initiatives for environmental protection along with the ongoing industrialization over the world is further projected to propel the market growth. On the flip horizontal, high installation cost of heavy tools for excavation coupled with the slow implementation of environmental protection regulations is expected to curb the market growth.
This report focuses on Car Rental volume and value at global level, regional level and company level. From a global perspective, this report represents overall Car Rental market size by analyzing historical data and future prospect. County-wide, this report focuses on numerous key regions: North America, Europe, China and Japan.
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This complete market study is positioned on the data obtained from multiple sources and is analyzed using numerous tools containing porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to advance insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Furthermore, these tools also offer a detailed analysis of each application/product segment in the worldwide market of Car Rental.
By Product:
• Luxury Cars
• Executive Cars
• Economy Cars
• SUV
• MUV
By Application:
• Airport Transport
• Outstation
• And Others
Key highlights of the global Car Rental market for the forecast years 2019-2026:
• CAGR of the market during the forecast period 2019-2026
• Detailed information on factors that will accelerate the growth of the Car Rental market during the next five years
• Precise estimation of the global Car Rental market size and its contribution to the parent market
• Exact predictions on upcoming trends and changes in consumer behavior
• The growth of the Car Rental industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several Car Rental manufacturers
• Comprehensive details on factors that will challenge the growth of Car Rental vendors
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A bird’s eye view of the global Car Rental market has been presented with key drivers, restraints, threats, and challenges.
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