Car Rental Market 2022- Global Industry Study by Overall Impact of COVID-19, Segmentation, Growth, Size, Top Players, Share, Development, Future Trends, Demand, forecast to 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Car Rental Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Car Rental Market products.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078972

According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.

Global Car Rental Market was valued at USD 35.5 Billion in the year 2017. Global Car Rental Market is further estimated to grow at a CAGR of 14.17% from 2018 to reach USD 89.3 Billion by the year 2025. North America region holds the highest Market share in 2017 whereas the Asia-Pacific Market is considered as the fastest growing region in the forecasted period. At the country level, developed Markets like the US with highest population base holds the notable Market share in 2017 and it is projected to grow strongly in the coming years.

Amongst vehicle types such as Economy cars, Executive cars, Luxury cars and SUVs & MUVs, it is observed that the Economy cars segment because of the growing popularity and availability is expected to hold the highest Market share during the forecasted period.

The Major Market Players in Car Rental Market are Europcar, Avis Budget Group Inc., Enterprise Holdings Inc., Carzonrent India Pvt Ltd., The Hertz Corporation, Alamo, Sixt SE and other 13 companies brief information is provided in the report. The Hertz Corporation holding the substantial Market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Request Free Sample Copy :- https://www.kennethresearch.com/sample-request-10078972

Car Rental Market Overview By Rental Category
Local Transport
Outstation Transport
Airport Transport

Car Rental Market Overview By Vehicle Type
Executive Cars
Economic Cars
Luxury Cars
Multi Utility Vehicles (MUVs)
Sports Utility Vehicles (SUVs)

Car Rental Market Overview By Mode of Booking
Online Booking
Offline Booking

Car Rental Market Overview By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078972

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

Leave a Reply