Press release
Car Rental Market: Global Industry Trends, Growth, Share, Size and Forecast Till 2025
Car Rental Market
Some of the key players being Avis Budget Group, Inc (CAR), Europcar (EUCAR), Localiza (RENT3), Sixt SE (SIX2), The Hertz Corporation (HTZ), Carzonrent India Private Limited, Eco rent a car, Enterprise Holdings, Inc., Enterprise Rent-A-Car, etc.
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The demand for car rental services is being propagated by the growing tourism sector along with increasing gravitation towards adventure and travel, especially among the millennial population. Furthermore, these services are also being availed in the form of taxis and carpooling by individuals for better mobility and cost-effective traveling. Additionally, the launch of favorable government policies and rising environmental concerns have resulted in increased emphasis on minimizing vehicular emissions and promoting car rental services. Moreover, the inception of car rental services through websites and mobile applications is further anticipated to spur the car rental market.
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Car Rental Market Key Market Segmentation
Breakup by Booking:
• Offline Booking
• Online Booking
Breakup by Rental Length:
• Short Term
• Long Term
Breakup by Vehicle Type:
• Luxury
• Executive
• Economy
• SUVs
• Others
Breakup by Application:
• Leisure/Tourism
• Business
Breakup by End-User:
• Self-Driven
• Chauffeur-Driven
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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