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Car Rental Market
Car rental service is a hire car agency that enables the customer to rents automobiles at affordable rates.
SEATLE, WA, UNITED STATES, February 22, 2022 /EINPresswire.com / -- Car Rental Market service is a hire car agency that enables the customer to rents automobiles at affordable rates. This agency is usually located near airports and busy city areas. Car Rental Market services are mainly opted by people who require a vehicle for the temporary and who do not want to own a car. Moreover, Car Rental Market services are also ideal for owners of damaged vehicles and looking for repair or insurance compensation. Furthermore, Car Rental Market services also provide additional benefits such as navigation systems, entertainment systems, portable Wi-Fi, insurance, and child safety seats.
𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐚𝐫 𝐫𝐞𝐧𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐬𝐮𝐫𝐩𝐚𝐬𝐬 𝐔𝐒$ 𝟐𝟐𝟎.𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝐭𝐡𝐞 𝐞𝐧𝐝 𝐨𝐟 𝟐𝟎𝟐𝟕, 𝐢𝐧 𝐭𝐞𝐫𝐦𝐬 𝐨𝐟 𝐫𝐞𝐯𝐞𝐧𝐮𝐞, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟑.𝟔% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝 (𝟐𝟎𝟐𝟎 𝐭𝐨 𝟐𝟎𝟐𝟕).
The rapid growth of GDP rates in the developing countries is expected to drive the market growth of the car rental. This is attributed to the increasing per capita income of the consumers in the region. Moreover, improvement in the car rental service such as the easy renting process and other benefits offered is also expected to contribute to the market growth of the car rental over the forecast timeframe.
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Top Key Players in Car Rental market: Enterprise Holdings, The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, Al Futtaim Group, Localiza - Rent a Car, Eco Rent a Car, and GlobalCARS
𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:
𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐫 𝐑𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲:
Intercity/Local Usage
On-Airport
Intra-City/Outstation
Others
𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐫 𝐑𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐂𝐚𝐫 𝐓𝐲𝐩𝐞:
Luxury Cars
Executive Cars
Economy Cars
SUV's
MUV's
𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐫 𝐑𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
North America
Canada
Europe
Germany
U.K.
Russia
Rest of Europe
𝗞𝗲𝘆 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝘂𝗱𝘆:
➤This report provides in-depth analysis of global car rental market size (US$ Billion and Million Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year.
➤It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
➤This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players.
➤It profiles leading players in the global car rental market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
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𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀
Q.What will the market size be in 2027 and at what rate will it grow?
Q.What are the Major growth driving factors for the global car rental market during the forecast period?
Q.What are the trends in the global car rental market?
Q.What are the key factors hampering the growth of the global car rental market?
Q.Which are the key players forming the competitive landscape?
Q.What is the current market size?
𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗮𝗿 𝗥𝗲𝗻𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 - 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗖𝗼𝗿𝗼𝗻𝗮𝘃𝗶𝗿𝘂𝘀 (𝗖𝗼𝘃𝗶𝗱-𝟭𝟵) 𝗣𝗮𝗻𝗱𝗲𝗺𝗶𝗰
Companies across the globe are increasingly asking the employees for working from home, which has led to reduction of commute in the cities and non-essential travel have descended drastically during the pandemic situation. This scenario is expected to continue to reduce the demand of car rental services across the globe. For instance, Hertz Global Holdings Inc. faced soaring cancellations and lack of new bookings. The company has been cutting off staff and reduce high capital spending to reserve liquidity.
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Car Rental Market-
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