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Car Rental Services Market Overview with Detailed Analysis, Competitive landscape Forecast to 2028
Car Rental Services Market
Car rental services are a process of hiring/renting a car for a limited period from a rental company. Various companies like Uber Technologies, Europcar rent the vehicles for a short period ranging from few hours to weeks. The different types of cars rented by the company include Luxury Car, executive car, and economical car among others. Additionally, vehicle renting agencies also offer other products such as insurance, entertainment systems, and GPS among other services.
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Companies Profiled in this report includes: AB Car Rental Bonaire, Avis Rent A Car System, LLC, Budget Rent A Car System, Inc., Europcar, Localiza, Lyft, Inc., smile mobility, Tempest, The Hertz Corporation., Uber Technologies, Inc. ,
MARKET DYNAMICS
The car rental services market is anticipated to grow in the forecast period owing to driving factors such as rapid urbanization, rising disposable income, and the growing popularity of outstation tours. The market is likely to showcase opportunities for the untapped markets and increasing awareness about air pollution.
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MARKET SEGMENTATION
The global car rental services market is segmented on the basis of the car type and rental category. Based on car type, the market is segmented as Luxury Car, Executive Car, Economical Car, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV). On the basis of the rental category, the market is segmented as On Airport and Off-Airport.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global car rental services market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The car rental services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in the region.
The report analyzes factors affecting the car rental services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the car rental services market in these regions.
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Contact Person:Â Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone:Â +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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