Car Rental Market Share by 2027: Global and Regional Analysis by Top Leaders and Products made possible by top research firm | Eco Rent a Car, ANI Technologies Pvt. Ltd. (OLA TAXI'S), Localiza

Report Ocean publishes a new report on the global Car Rental Market. The global Car Rental Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Car Rental Market to reach USD 134.45 billion by 2027. Global Car Rental Market is valued approximately at USD 98.14 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2021-2027.

Growing population and pollution levels are making the car rental industry, one of the prominent in fleet transportation. An increase in air traffic, the growing trend for on-demand transportation services, and the rising penetration of smartphones are the factors pushing the car rental market towards growth.

According to Statista, the number of scheduled passengers boarded by the global airline industry has increased from 3817 million in 2016 to 4543 million in 2019. Furthermore, collaborations between private players for technological integration and increasing demand for familiar, reliable, and high-quality transportation services are anticipated to fuel lucrative growth during the forecast period.

In September 2021, Enterprise holding collaborated with Microsoft, to integrate connected car technology to Enterprise's car rental, exotic vehicles, and commercial truck rental fleets in the United States., and soon the United Kingdom and Canada. However, rising petrol and diesel prices and lack of internet connectivity in developing countries may hinder the growth in the near future.

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Car Rental Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Car Rental Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Car Rental Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Car Rental Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Car Rental Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The study covers the fundamental aspects of the Global Car Rental Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Car Rental Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Car Rental Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Car Rental Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Car Rental Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Car Rental Market are:

Enterprise Rent-A-Car
The Hertz Corporation
Sixt
Europcar
Avis Budget Group
Uber Technologies, Inc.
Carzonrent India Pvt Ltd.
Eco Rent a Car
ANI Technologies Pvt. Ltd. (OLA TAXI'S)
Localiza

Scope of the Report

The global Car Rental Market segmentation focuses on:

By Product Type:
Luxury cars
Executive cars
Economy cars
SUVs
MUVs

By Application:
Local usage
Airport transport
Outstation
Others

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This release was published on openPR.