Global Car Rental Market: An Overview: Domestic and international travelers are increasing as travelling gains prominence over the last few years. The trend is set to continue into the forecast period of 2016 to 2024. Transparency Market Research notes that there is a growing demand for reliable and quality travel services as a result. It is creating growth opportunities for global car rental market players over the period. Additionally, it notes that a robust compound annual growth rate will be noted in the global car rental market, which will add to valuation in a significant manner. Major Key Players of the Car Rental Market are: Enterprise Rent-A-Car, Sixt SE, Europcar, The Hertz Corporation and Avis Budget Group. Get sample copy of “Car Rental Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1633 For instance, in March 2019, Sixt SE, a prominent player in the car rental market launched a mobility app in order to facilitates customers with several other services and boost personalization. In the same way, in December 2018, The Hertz Corporation, incopated the use of a online platform called the Hertz Fast Lane in their servies. This platform helps in carry out and speed up the entire vehicle rental process with the help of a biometric. According to TMR, the global car rental market is projected to witness a astonishing double digit CAGR of 14.40% during the forecast period that between 2014–2024. The opportunities in the market is projected to touch a valuation of US$290.07 bn by 2024. The global car rental market is segmented based on: Car Type •
Luxury Cars
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Executive Cars
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Economy Cars
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SUVs
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MUVS
Category •
Local Usage
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Airport Transport
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Outstation
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Others
Technologies in Mobile Application to Drive Market Growth The global car rental market is projected to garner a remarkable growth rate in the coming few years. This is mainly due to the factors such as global upsurge in travel and tourism activities coupled with