Press release
Electric Car Rental Market: Future Projections, CAGR, and Influencing Factors
Electric Car Rental Market Size
Boosted by rising environmental awareness and the growing interest in sustainable transportation, the global electric car rental market is set to experience significant growth._x000D_
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What Is The Projected Market Size Of The Global Electric Car Rental Market And Its Growth Rate?_x000D_
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The global electric car rental market has been witnessing sustainable growth over recent years:_x000D_
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• In 2024, the market was worth $11.29 billion._x000D_
• It is predicted to grow to $13.06 billion in 2025, with a CAGR of 15.6%._x000D_
• The market is expected to further surge to $23.06 billion by 2029, maintaining a CAGR of 15.3%._x000D_
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These future progressions can be attributed to factors including global efforts to reduce carbon emissions, expansion of electric vehicle models, and the integration of rentals with mobility-as-a-service (MaaS)._x000D_
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What Is Driving The Growth In The Electric Car Rental Market?_x000D_
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The rise in demand for fuel-efficient cars has become a major market driver. Electric rental cars provide an eco-friendly transportation option that addresses concerns over rising fuel prices. A noteworthy example is the dramatic increase in interest towards electric vehicles in the US as reported by Kelly Blue Book in April 2022. Thus, it is evident that the surge in preference for fuel-efficient cars will continue to propel the electric car rental market._x000D_
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Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=9058&type=smp_x000D_
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Who Are the Key Players Driving Electric Car Rental Market Growth?_x000D_
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Key players in the market comprise:_x000D_
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• Zipcar, Avis Budget Group Inc._x000D_
• Enterprise Holdings Inc._x000D_
• Europcar Mobility Group_x000D_
• The Hertz Corporation_x000D_
• Chefenxiang, DriveElectric_x000D_
• Easirent, Green Motion International_x000D_
• Sixt SE and Wattacars, among others._x000D_
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What Are The Key Trends In The Electric Car Rental Market?_x000D_
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Significant trends in the forecast period include:_x000D_
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• Partnerships with ride-hailing services_x000D_
• Innovative pricing models_x000D_
• Contactless rental services_x000D_
• Application of data analytics and predictive maintenance_x000D_
• Incorporation of autonomous features_x000D_
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What Are The Segments Of The Global Electric Car Rental Market?_x000D_
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The market can be segmented by:_x000D_
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• Vehicle Type: Battery Cars, Hybrid Cars, Plug-In Electric Cars_x000D_
• Vehicle Category: Economy Cars, Luxury Cars_x000D_
• Application: Leisure Or Tourism, Business_x000D_
• Booking Type: Online, Offline_x000D_
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Which Region Leads The Electric Car Rental Market?_x000D_
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In 2024, North America emerged as the leader of the electric car rental market. However, Asia-Pacific is predicted to witness the fastest growth throughout the forecast period, covering regional markets including Western Europe, Eastern Europe, South America, Middle East, and Africa._x000D_
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Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/electric-car-rental-global-market-report_x000D_
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What Is Covered In The Electric Car Rental Market Global Market Report?_x000D_
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The report encapsulates analysis of market size by key regions, countries, product types, and applications. It identifies various subsegments for effective categorization, casts spotlight on key players, monitors individual growth trends, and evaluates contributions of distinct segments to overall market growth. The report also covers industry challenges and competitive developments like expansions, agreements, and new product launches._x000D_
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