Press release
Luxury Car Rental Market - Estimated To Experience A Hike In Growth By 2031 | Aviz Budget, Goldcar, Enterprise Holdings, Hertz, Localiza, Sixt
Luxury Car Rental Market
Luxury car rental is the renting of a high-end vehicle for a short period of time. Luxury car rentals are often used for special occasions such as weddings, proms, and business trips. Luxury car rental companies offer a wide variety of vehicles to choose from, including sports cars, convertibles, SUVs, and sedans. Many luxury car rental companies offer additional services such as chauffeur services, airport pick-up and drop-off, and 24-hour customer support.
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Key Trends
The key trends in luxury car rental technology are:
1. Increasing use of mobile apps: Mobile apps are becoming increasingly popular among luxury car rental companies as a way to provide a convenient and user-friendly experience for customers.
2. Use of electric vehicles: Electric vehicles are becoming more popular among luxury car rental companies as they offer a more environmentally-friendly option for customers.
3. Increased use of GPS tracking: GPS tracking is becoming more common among luxury car rental companies as a way to provide peace of mind for customers and improve the overall customer experience.
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Key Drivers
There are a few key drivers of the luxury car rental market.
Firstly, the increased disposable incomes of people globally have meant that there is more demand for high-end products and services, including luxury car rentals.
Secondly, the growth of the sharing economy has made it easier for people to access luxury car rentals, as they can now book and pay for them online.
Finally, the rise of social media has made it easier for people to see and compare the different options available to them, which has helped to drive up demand for luxury car rentals.
Market Segments
The luxury car rental market is segmented by rental type, end-user, and region. By rental type, the market is classified into business, and leisure. Based on the end-user, it is bifurcated into self-driven, and chauffer-driven. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global luxury car rental market includes players such as Aviz Budget, Goldcar, Enterprise Holdings, Hertz, Localiza, Sixt, Fox Rent a Car, Movida, Unidas, eHi Car Services, and others.
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Reasons to buy Luxury Car Rental Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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