Press release
Tourism Vehicle Rental Market Key Players, Product & Application Segmentation & Forecast 2027
Tourism Vehicle Rental Market
Access Full Summary @ https://www.alliedmarketresearch.com/tourism-vehicle-rental-market-A09114
Regions covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
Companies covered
Enterprise Holdings Inc, Hertz Global Holdings Inc, Avis, Europcar Mobility Group, Sixt SE, Budget, Zoomcar, National car rental, Thrifty, Alamo
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
The rising expenditure by the government on developing tourism infrastructure is a major driving factor of tourism vehicle rental market. Moreover, agencies providing the option of allow a user to return a vehicle to a different location is increasing the adoption of tourism vehicle rental. Additionally, increasing concern and awareness of lowering emission level amidst consumer along with changing lifestyle and rise in spending power is fueling the market growth. Besides, development of online platforms for vehicle booking is proliferating market growth. However, high price associated with well-known tourism vehicle rental agencies may decelerate market growth. Furthermore, developing suburbs and growing disposable income of people in developing economies is anticipated to provide growth opportunities to the market.
The tourism vehicle rental market trends are as follows:
Online bookings to flourish the market growth
The concern of paying expenses associated with possessing the ownership of car is reduced due to vehicle rental services. With the advent of digital and sharing economies, online tourism vehicle rental industry is taking off. The presence of vehicle rentals on online platforms have increased the sales significantly. Besides, the agencies are offering seasonal offers, group discounts etc. are attracting a lot of consumers. Additionally, the reach of tourism vehicle rentals has increased drastically due to digitization.
Escalating demand due rise in tourism
Tourism sector has become one of the major sectors in international commerce. Due to globalization, the international travelers have proliferated. Additionally, platforms like vlogs, blogs, and YouTube are favoring the tourism industry. With rise in tourists, the market of vehicle rental flourishes. Travelers often travel to airport with rented cars. Besides, sightseeing at tourism places have boosted the demand for vehicle rentals. With option of renting a luxury car is further propelling the market demand.
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Key benefits of the report:
1 This study presents the analytical depiction of the tourism vehicle rental industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
3 The current market is quantitatively analyzed from 2020 to 2027 to highlight the Tourism Vehicle Rental market growth scenario.
4 Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5 The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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