Car Rental Market Foreseen To Grow Exponentially Over 2024 By Transparency Market Research Published February 15, 2022
According to TMR, the global car rental market is projected to witness an astonishing double-digit CAGR of 14.40% during the forecast period that between 2014 and 2024. The opportunities in the market is projected to touch a valuation of US$290.07 bn by 2024. Car Rental Market Thriving Due to Increased Travelling The global car rental market is driven by the growing number of inbound and domestic travelers. The increasing number of air travelers is also positively impacting the growth of this market. Travelers across the globe are demanding high-quality and reliable travel services for their tours. Leading car rental service providers are offering quality services and promoting their brands at airports and this is helping customers to adopt their services. Players in the market are concentrating on broadening their 몭eet size by including technical gadgets. Gadgets such as GPS and music systems are being used increasingly for pro몭tability. This is expected to intensify the competition among players in the years to come. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=S&rep_id=1633 Covid-19 Has Considerably Impacted Global Market However, the 몭uctuation of oil prices will restrict the growth of this market. The growing price of petrol and gasoline will affect the consumer spending level and