Enterprise Car Rental Market, The demand for car rental services is rising dramatically as more people travel for both work and pleasure around the globe. The adoption of specialised mobile applications for customer convenience has further assisted market players in capturing a bigger client base as a result of rising internet penetration in both emerging and developed countries. A few of the factors driving the expansion of this market include economic development, an increase in the use of luxury automobiles by corporations on business trips, and the rising use of smartphone-based online rental car booking apps.
The Car rental market accounted for USD 119.28 billion in 2021, and it is expected to reach USD 223.07 billion by 2027, projecting a CAGR of more than 11% during the forecast period 2022 – 2027
Over the past few years, the automobile rental industry has undergone a significant transition as a result of increases in population and pollution levels, becoming one of the most significant sectors in fleet transportation. In order to give users more convenience, the service providers also offer a wide range of other products, including automotive damage repair, insurance compensation policies, entertainment systems, global positioning systems (GPS), and Wi-Fi networks.
Considering the influence of COVID-19 on the global Enterprise Car Rental market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.
The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period.
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Major Players in Enterprise Car Rental market are:
Uber Technologies Inc
EHi Car Services
Avis Budget Group
China Auto Rental Inc.
Most important types of Enterprise Car Rental products covered in this report are:
Luxury Car Rental
General Car Rental
Most widely used downstream fields of Enterprise Car Rental market covered in this report are:
Major Regions or countries covered in this report:
Middle East and Africa
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Key questions answered in the report:
- What will the market development pace of market?
- What are the key factors driving the Global market?
- Who are the key manufacturers in market space?
- What are the market openings, market hazard and market outline of the market?
- What are sales, revenue, and price analysis of top manufacturers of market?
- Who are the distributors, traders, and dealers of market?
- What are the market opportunities and threats faced by the vendors in the Global industries?
- What are deals, income, and value examination by types and utilizations of the market?
- What are deals, income, and value examination by areas of enterprises?
Why Purchase the Report?
- The report includes information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume data.
- Understand the current market scenario and viability of global market over the forecast period
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Frequently Asked Questions (FAQ):
- Who are some of the key players operating in the market and how intense is the competition?
- What kind of stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
- What are the potential challenges to the market?
- What are the key market trends in the market?
- What are the key development strategies undertaken by companies in the market?
Years considered for this report:
- Historical Years: 2018-2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2022-2030