Car Rental Market was Dominated by the North American Region

The car rental market is on the way of growth, and this will continue the same way in the years to come as well.
The North American region dominated the industry in the past. This was as a result of the extensive acceptance of these kinds of services in the U.S. and introduction of more thana a few initiatives by the players of the industry for the optimization of the services.

The economy category was the leader of the industry for car rental services in the past with a considerable share up the sleeve.

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The low ecological impact and high efficiency of fuel for economy cars inspire their disposition by fleet operators and use by people for rental services. The online category, led the car rental market in the past.

This is because of the high use of smartphone, better suitability offered by online platforms, and fast progressions in the IoT technology. Online platforms provide easy access to the services, as clienteles can book a car they want through the mobile app or website of service providers.

The personal category made a considerable revenue in the past because of the increasing disposable income of people globally. Consequently, they are making recurrent trips for shorter distances for the purpose of leisure. Most of the customers choose car rental services for these sorts of short trips for reducing burden of driving the cars of their own on the road.

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The airport category dominated the industry and this trend is still going on. The main reasons for this are the increasing use of airport car rental services by businessmen.

Also, the increasing frequency of air travel, growing disposable income, and budding volume of and domestic and international tourist activities in developing economies is powering the growth of this category recently.

The growing acceptance of EVs by service providers is a key trend in the car rental industry. Governments of more than a few countries are implementing policies and guidelines for supporting the disposition of electric vehicles for car rental services.

The research offers size of the global car rental market for the period 2014-2024.

Market Segmentation by Vehicle Type
• Economy
• Executive
• Luxury

Market Segmentation by Channel
• Online
• Offline

Market Segmentation by Purpose
• Business
• Personal

Market Segmentation by Usage
• Local
• Airport
• Outstation

Market Segmentation by Region
• North America Car Rental Market
o By vehicle type
o By channel
o By purpose
o By usage
o By country- U.S. and Canada
• Europe Car Rental Market
o By vehicle type
o By channel
o By purpose
o By usage
o By country- Germany, U.K., France, Italy, Spain, Netherlands, and Rest of Europe
• APAC Car Rental Market
o By vehicle type
o By channel
o By purpose
o By usage
o By country- China, Japan, India, Australia, and Rest of APAC
• RoW Car Rental Market
o By vehicle type
o By channel
o By purpose
o By usage
o By country- U.A.E, Brazil, and Others

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