Press release
Growth Trends and Forecasts in the U.S. Car Rental Market Sector Market Trends, Size, and Growth Report 2024 - 2031
United States Car Rental Market
The United States Car Rental Market is estimated to be valued at USD 35.26 Bn in 2024 and is expected to reach USD 51.12 Bn by 2031, growing at a CAGR of 5.5% from 2024 to 2031.
The Research report on United States Car Rental Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
Would you like to have an opportunity to explore more details, If yes, access our full report @ https://www.coherentmi.com/industry-reports/united-states-car-rental-market
Key Trends
» Technology Integration: Increasing use of technology in booking and fleet management, including mobile apps, digital check-ins, and advanced reservation systems.
» Electric and Hybrid Vehicles: Growing demand for eco-friendly rental options, particularly in environmentally-conscious regions like California.
» Subscription Models: Emerging car rental subscription models offering flexibility and convenience are gaining traction, appealing to consumers looking for alternatives to traditional rental arrangements.
» Contactless Rentals: The COVID-19 pandemic accelerated the adoption of contactless rental procedures, which continue to be popular for safety and convenience.
» Luxury and Specialty Rentals: Increasing interest in luxury, exotic, and specialty vehicles, especially in high-income regions and tourist hotspots.
Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):
❖ By Car Type
▪️ Economy Car
▪️ Compact Car
▪️ Intermediate Car
▪️ Luxury Car
▪️ Sports Utility Vehicle
▪️ Others
❖ By Booking Type
▪️ Offline Access
▪️ Mobile Application
▪️ Other Internet Access
❖ By Age
▪️ 18-29 Years Old
▪️ 30-59 Years Old
▪️ 60 Years Old and Above
❖ Following are the players analyzed in the report:
▪️ The Hertz Corporation
▪️ SixtSE
▪️ Avis Budget Group Inc.
▪️ Alamo
▪️ National Car Rental
Get access to the latest Edition of this Market Study (comprising 150+ pages): https://www.coherentmi.com/industry-reports/united-states-car-rental-market/buynow
The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the United States Car Rental market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the United States Car Rental market?
4. What are the prominent market trends influencing the development of the United States Car Rental market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the United States Car Rental market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
Key insights provided by the report that could help you take critical strategic decisions?
➞ Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
➞ Reports provide opportunities and threats faced by suppliers in the United States Car Rental industry around the world.
➞ The report shows regions and sectors with the fastest growth potential.
➞ A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
➞ The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
➞ This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
Author of this marketing PR:
Vaagisha brings over three years of expertise as a PR writer in the market research domain. Originally a creative writer, she discovered her passion for writing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
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CoherentMI,
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Website: https://www.coherentmi.com
About CoherentMI:
At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today's rapidly changing business landscape.
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