—
According to the Facts and Factors, Research Report, the global car rental market in 2019 was more than USD 60 Billion. The market is expected to grow at a CAGR of around 7% and is anticipated to reach around USD 111.6 Billion by 2026.Car rental has turned into a popular activity across the globe owing to the easy booking and availability of cars for rental purposes. The demand for hassle-free money transfer, easy booking, live tracking, and high safety helps escalate the demand for the car rental market. Moreover, the rising use of smartphones and internet users is estimated to boost the global Car Rental market.
Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/global-car-rental-market-by-car-type-luxury-785
Market Drivers:
The cost-effectiveness and demand for affordable rides among the mass customers are anticipated to boost the growth of the global Car Rental market during the forecast period. Additionally, the rising number of business and leisure trips has surged the use of luxury and premium car rental services. The sharing and pooling concept is likely to attract more customers among the less expensive interested customers and thereby, propel the growth of the global Car Rental market. Furthermore, the growing environment and health concerns have urged customers to adopt eco-friendly services or products. The major goal is to reduce pollution by reducing the cars on the road. The high disposable income, improving road infrastructure in emerging or developed economies has increased the number of leisure and business trips which, in turn, will fuel the market growth.
Market Players Profiles Included:
Some of the key players of the global Car Rental market include Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE, and Avis Budget Group.
Get an Additional List of Top Players, Ask for Free Report Brochure: https://www.fnfresearch.com/sample/global-car-rental-market-by-car-type-luxury-785
Market Segment Dominance:
Economical car category is projected to dominate the global Car Rental market
The economical car category is expected to hold the largest share in the global Car Rental market owing to its compact size and cost-feasibility. Additionally, it is one of the most commonly preferred modes of transportation for airport and intra-city travels.
Airport transportation is expected to substantial growth during the forecast period
Owing to the increasing interest in tourism, the use of airplanes for leisure and business is also found to surge among the tourists. Thus, the demand for car rental services is increasing in the tourism sector.
Request Customized Copy of Report @ https://www.fnfresearch.com/customization/global-car-rental-market-by-car-type-luxury-785
Car rental has turned into a popular activity across the globe owing to the easy booking and availability of cars for rental purposes. The demand for hassle-free money transfer, easy booking, live tracking, and high safety helps escalate the demand for the car rental market. In addition to this, the rising use of smartphones and internet users is estimated to boost the global Car Rental market.
The cost-effectiveness and demand for affordable rides among the mass customers are anticipated to boost the growth of the global Car Rental market size during the forecast period. Additionally, the rising number of business and leisure trips has surged the use of luxury and premium car rental services. The sharing and pooling concept is likely to attract more customers among the less expensive interested customers and thereby, propel the growth of the global Car Rental market. Furthermore, the growing environment and health concerns have urged customers to adopt eco-friendly services or products. The major goal is to reduce pollution by reducing cars on the road. The high disposable income, improving road infrastructure in emerging or developed economies has increased the number of leisure and business trips which, in turn, will fuel the market growth.
The global Car Rental market research report delivers an acute valuation and taxonomy of the Car Rental industry by practically splitting the market on the basis of different car types, booking types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Browse detail report with in-depth TOC @ https://www.fnfresearch.com/global-car-rental-market-by-car-type-luxury-785
Regional Dominance:
North America is expected to dominate the global Car Rental market during the forecast period
North America held the majority of the global Car Rental market share in 2018 and is estimated to continue growing over the forecast period. The increasing number of business and leisure trips across various regions whether local or international has a positive impact on the growth of the regional market. In addition to this, the growing inclination of the populace toward rental services and the presence of well-known service providers are estimated to accelerate the global Car Rental market.
This report segments the global Car Rental market as follows:
Global Car Rental Market: Car Type Segmentation Analysis
Luxury Car
Executive Car
Economical Car
Sports Utility Vehicle (SUV)
Multi Utility Vehicle (MUV)
Global Car Rental Market: Booking Type Segmentation Analysis
Offline Access
Online Access
Global Car Rental Market: Application Segmentation Analysis
Airport Transport
Local Usage
Outstation
Others
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Info:
Name: Sanu Thomas
Email: Send Email
Organization: Facts & Factors
Address: A 2108, Sargam, Nanded City, Sinhagad Road
Phone: +1 (347) 690-0211
Website: https://www.fnfresearch.com
Release ID: 88981819
Google
RSS