Press release
The Global Car Rental Market size is expected to reach USD 149.99 billion by 2030, rising at a market growth of 7% CAGR during the forecast period
Car rental can be a convenient option for travelers who do not own a car, need a larger vehicle for a special occasion, or require a temporary replacement while their own vehicle is being repaired. It can also be an alternative to buying a car, especially for people who do not need a vehicle on a daily basis.
The Global Car Rental Market is projected to grow from USD 92.02 billion in 2021 to USD 149.99 billion by 2030 at a CAGR of 7% during the forecast period.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/sample/automotive/car-rental-market/25772
๐๐ก๐ ๐๐๐ซ ๐๐๐ง๐ญ๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ฌ๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ๐ฅ๐ฒ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฆ๐ข๐ง๐ ๐ฒ๐๐๐ซ๐ฌ ๐๐ฎ๐ ๐ญ๐จ ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐๐๐๐ญ๐จ๐ซ๐ฌ.
The car rental market is expected to experience significant growth in the coming years due to several factors. One of the primary drivers of growth is the increasing popularity of travel and tourism, as more people travel for business and leisure purposes.
Additionally, the rise of ride-sharing services and other alternative transportation options has led to a growing demand for flexible, short-term rental options, which has further fueled the growth of the car rental market.
Furthermore, advancements in technology have made it easier for car rental companies to manage their fleets, offer personalized customer experiences, and optimize pricing strategies to remain competitive.
๐๐ก๐ ๐ข๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐ซ๐ข๐ฏ๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ ๐๐๐ง๐ญ๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ.
๐ป๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐:
> Increasing popularity of travel: With the rise of affordable air travel and the growth of the tourism industry, more people are traveling now than ever before.
> Shift away from car ownership: In recent years, there has been a trend among younger consumers to delay or avoid car ownership altogether, due to factors such as urbanization, environmental concerns, and the availability of ride-sharing services like Uber and Lyft. This has created a larger market for car rental companies, particularly in urban areas.
> Convenience and flexibility: Car rental offers travelers the convenience and flexibility to explore a new place on their own terms, without relying on public transportation or ride-sharing services. Rental companies have also made it easier for customers to reserve and pick up vehicles with online booking and self-service kiosks.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ข๐ญ๐ก ๐๐๐@ https://www.extrapolate.com/automotive/car-rental-market/25772
๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ข๐ง๐ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ ๐๐ง๐ ๐๐๐ฅ๐ข๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐๐๐ซ ๐๐๐ง๐ญ๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ.
Improving efficiency and reliability are key goals for car rental companies, as they aim to provide better service and attract and retain customers. Here are some ways in which car rental companies can improve their efficiency and reliability with the help of technology.
Car rental companies can offer online reservation systems that allow customers to book and pay for their rental cars online. This reduces the time and effort required for both customers and rental companies to make and process reservations.
Some car rental companies have begun offering mobile check-in and keyless entry options, which allow customers to bypass the rental counter and go straight to their rental car. This can save time and improve the overall rental experience for customers.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/enquire/automotive/car-rental-market/25772
With a rental car, travelers can often get to their destination faster than using public transportation or ride-sharing services, especially in areas with limited public transportation options.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ -
- In January 2019, Enterprise Rent-A-Car partnered with Premier Group to expand its car rental service offerings in Egypt.
- In November 2021, Hertz Rentals announced a partnership with Tesla Motors to supply 100,000 Model 3S vehicles by 2022, with half of these vehicles scheduled to be rented out to Uber drivers.
๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐:
-Enterprise Holdings Inc. (Missouri, U.S.)
-Hertz Global Holdings (Florida, U.S.)
-Avis Budget Group (New Jersey, U.S.)
-Europcar Mobility Group (Paris, France)
-Lotte rental co.ltd (Gyeonggi Province, South Korea)
-TOYOTA Rent a Car (Aichi, Japan)
-Europcar International (Paris, France)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฒ
๐๐ฒ๐ฉ๐:
-Luxury Cars
-Executive Cars
-Economy Cars
-SUVs
๐๐ง๐-๐๐ฌ๐๐ซ:
-Local Usage
-Airport Transport
-Outstation
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐จ๐ซ ๐๐๐ซ ๐๐๐ง๐ญ๐๐ฅ ๐จ๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
North America is home to many popular tourist destinations, including major cities, national parks, and scenic drives. As a result, there is a high demand for car rental services to help visitors explore these areas.
The United States, in particular, has one of the highest rates of car ownership in the world. This has created a large pool of potential customers for car rental companies.
๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Global Car Rental Market
Chapter 5. Global Car Rental Market Overview, By Vehicle Type, 2017 - 2030(USD Million)
Chapter 6. Global Car Rental Market Overview, By Rental Duration Type, 2017 - 2030(USD Million)
Chapter 7. Global Car Rental Market Overview, By Application Type, 2017 - 2030(USD Million)
Chapter 8. Global Car Rental Market Overview, By Geography, 2017 - 2030(USD Million)
Chapter 9. North America Global Car Rental Market Overview, By Countries, 2017 - 2030(USD Million)
Chapter 10. Europe Global Car Rental Market Overview, By Countries, 2017 - 2030(USD Million)
...Continued
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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