Press release
Car Rental Services Market is expected to reach USD 197.29 Billion by 2030 : Cognitive Market Research
Car Rental Services Market is expected to reach USD 197.29 Billion by 2030 : Cognitive Market Research
- Car rental services are businesses that rent out vehicles for short-term use to customers who required a vehicle for transportation. Car rental services provide a wide range of vehicles, from economy cars to luxury cars, SUVs, and trucks, for rent on a daily, weekly, or monthly basis. Some car rental services provide additional features, such as GPS navigation, roadside assistance, and insurance coverage, for an extra fee.
Summary:
• Global Car Rental Services Market Size Was Valued at USD 104.33 Billion In 2022 And is Expected to Grow at a CAGR Of 8.29 % During the Forecast Period, Reaching USD 197.29 Billion By 2030.
• North America is accounted for the largest share of the car rental services market.
"To know more The Car Rental Services Market statistics click here: https://www.cognitivemarketresearch.com/car-rental-services-market-report
Market Dynamics:
Recent advancements in the transportation sector along with the customers being inclined toward mobility technologies are the main driving factor contributing to the growth of the global car rental services market during the forecast period. customers prefer renting a car as a cost-effective and convenient method of travel, with many services offering a variety of models at discounted rates. Additionally, the rising penetration of the smartphones and rise in government initiatives for promoting environmental sustainability services have driven market growth over the forecast period. Consumers are using traveling apps to view and book holidays on the go. So, the car rental industry is realizing the importance of mobile-driven traveling approaches. However, car rental services may not always have the type of vehicle widely available, especially during peak travel times. It may obstruct the growth of the global car rental services market in near future.
Segmentation analysis
Vehicle Type
• Luxury/Premium Cars
• Economy/Budget Cars
Based on product type, economy/budget cars held a major revenue share in 2022.
Economy/budget cars held a major revenue share in 2022 owing to the economy cars being popular choices among budget-conscious travelers, as they offer a convenient mode of transportation at a lower cost than luxurious vehicles. An economy car is a type of rental car that is small in size, fuel-efficient, and affordable to rent.
Booking Type
• Offline
• Online
The online segment is expected to grow at the highest CAGR during the forecast period.
Based on the booking type, the online segment is expected to grow at the highest CAGR during the forecast period. This is because online reservations have become increasingly popular in recent years, many rental car companies offer online rental services for customers who prefer to book online or who need to rent a car on short notice.
Application
• Leisure/Tourism
• Business
The tourism segment acquired the major revenue share in terms of application.
Based on the application, the tourism segment is a major revenue contributor, as tourists significantly use rental services to rent cars, trucks, vans, or other vehicles for a variety of purposes, such as sightseeing, exploring natural attractions and visiting museums and cultural sites.
End User
• Self-driven
• Chauffeur-driven
The Major Players in Car Rental Services Market are:
Enterprise, Hertz, Avis Budget, Sixt, Europcar, Localiza, CAR Inc., Movida, Unidas, Goldcar, eHi Car Services, Fox Rent A Car
Get free sample pages of the latest published Car Rental Services Report:
https://www.cognitivemarketresearch.com/car-rental-services-market-report/report_enquiry/4
Regional Analysis:
- North America is expected to dominate the car rental services market during the forecast period.
As per CMR analysis, North America accounted for relatively the largest share of the car rental services market during the forecast period. The growth of market is significantly growing due to the increasing number of rental companies operating across the region and the large presence of the transportation and tourism sector. In the United States, the car rental industry includes major players including Enterprise Rent-A-Car, Hertz, Avis Budget Group, and National Car Rental. Where these companies offer a wide range of vehicles and car rental services.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Car Rental Services Market
Chapter 4 Global Car Rental Services Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Car Rental Services Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 10 Global Car Rental Services Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Car Rental Services Market by Booking Type Segmentation Analysis (2018-2030)
Chapter 12 Global Car Rental Services Market by End User Segmentation Analysis (2018-2030)
Chapter 13 Global Car Rental Services Market Regional Analysis
• 13.1 Detailed Qualitative Analysis
• 13.2 Global Car Rental Services Market Revenue by Region (2018-2030)
• 13.2 Global Car Rental Services Market Share (%) by Region (2018-2030)
Chapter 14 North America Car Rental Services Market Outlook (2018 - 2030)
Chapter 15 Europe Car Rental Services Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Car Rental Services Market Outlook (2018 - 2030)
Chapter 17 Latin America Car Rental Services Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Car Rental Services Market Outlook (2018 - 2030)
Chapter 19 Research Findings
• 19.1 Key Takeaways
• 19.2 Analyst Point of View
Customized/Exclusive Report Access on Request
To know more Car Rental Services Market TOC click here: https://www.cognitivemarketresearch.com/car-rental-services-market-report#table_of_contents
Related report
• Airport car rental service market - https://www.cognitivemarketresearch.com/airport-car-rental-service-market-report
• Autonomous vehicle market - https://www.cognitivemarketresearch.com/autonomous-vehicle-market-report
• Connected car market - https://www.cognitivemarketresearch.com/connected-car-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Car Rental Services Market is expected to reach USD 197.29 Billion by 2030 : Cognitive Market Research here
News-ID: 2977949 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for Car
Car Washing Services Market Is Booming So Rapidly with Mister Car Wash, Zips Car …
The Car Washing Services Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market.…
Car Wash Service Market Boosting the Growth Worldwide: Auto Bell Car Wash, Miste …
The latest study released on the Global Car Wash Service Market by AMA Research evaluates market size, trend, and forecast to 2027. The Car Wash Service market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key…
Car Rental Services Market Forecast to 2028 Covid-19 Impact and Global Analysis …
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…
Car Rentals Market Growth Strategies and Innovative Technology Transformation by …
Worldwide Market Reports has announced the addition of the "Car Rentals Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Car Rentals Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The emergence of own-brand digital ordering platform has been trending in the global Car Rentals market. Car Rentals such as…
Luxury Car Leasing Market Competitors Analysis By German Rent A Car, ANI Technol …
'Global Luxury Car Leasing Market Research Report' the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place. The Luxury Car Leasing report is fragmented in several features which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in…
Car Wash Market is Thriving Worldwide 2026 | Super Star Car Wash, Autobell Car W …
This Car Wash Market research report offers you an array of insights about Automotive industry and business solutions that will support to stay ahead of the competition. Systematic investment analysis is also underlined in this Car Wash Market report which forecasts impending opportunities for the market players.This market report is the outcome of persistent efforts lead by knowledgeable forecasters, innovative analysts and brilliant researchers who carries out detailed and diligent…
