[PDF]Car rental Market Overview - Key Futuristic Trends and Competitive Landscape 2027

In terms of revenue, the worldwide Car rental market was assessed to be worth more than US$ 80.0 billion in 2019 and is expected to rise at a CAGR of 13.6 % over the forecast period (2020 to 2027).

Drivers

The tourism industry's growth is a major driver of Car rental market expansion. SelectUSA.gov estimates that the travel and tourism business in the United States generated over US$ 1.6 trillion in economic production in 2017. Furthermore, foreign visitor spending in the United States exceeded US$ 251 billion in 2017, resulting in a US$ 77 billion trade surplus for the year. As a result, the rise of the tourism industry is likely to bolster the market for Car rental services.

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Key players are operating in the global car rental market are Enterprise Holdings, The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, Al Futtaim Group, Localiza - Rent a Car, Eco Rent a Car, and GlobalCARS

In the foreseeable term, the growing number of car rental services around the world is expected to provide huge potential prospects for the car rental industry. This, together with an increase in the number of travellers around the world, is expected to accelerate the expansion of the car rental sector. Another key element driving the expansion of the car rental business is the increasing production of car.

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Why This Report is Useful? It helps:
1. The report will include the qualitative and quantitative analysis with Car Rental market estimation and compound annual growth rate (CAGR) between 2017 and 2026
2. Assess the Car Rental production processes, major issues, and solutions to mitigate the development risk.
3. Comprehensive analysis of market dynamics including factors and opportunities of the global Car Rental Market will be provided in the report
4. Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics.

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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