Global Vehicle Rental Market is growing at a fair pace and is estimated to reach $160.25 billion with a CAGR of 17.50% during 2018-2024. The report "Global Vehicle Rental Market" : By Application (Leisure, Business and others); By Vehicle type (Executive, Economy and Luxury); By Mode of booking(Offline, Online and others); By Location(Off-Airport, On-Airport and others) & By Geography - Forecast (2018-2024). Envision Inteligence estimates that Global Vehicle Rental Market is projected to reach $160.25 billion by the end of 2024 with a CAGR of 17.50% from $84.54 billion in 2018. Expansion and progression of worldwide travel and tourism industry, incorporation of advanced digital technologies in car rental services, investment by global funds and key players opting for aggregator based business models are the factors driving these markets. Vehicle rental market statistics related to car rentals are inclined in forecast period. Download
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Online bookingis the current vehicle rental market trend and holds the largest market share of vehicle rental market. Owing to increasing in the usage of smartphones and reduced total cost of mobility are making the online booking to hold the largest share in the global vehicle rental market. By Application purpose segment, Leisure type holds the largest share of vehicle rental market. Providing the reduced cost car services by the key players especially for leisure, is driving the global car rental market size. This growth of leisure type is inclined in the countries of Europe and APAC including Germany, France and China. North America holds the largest vehicle rental market share of vehicle rental market within forecast period of 2018-2024. North America dominates the vehicle rental market size & share in terms of geography which is followed by Europe and APAC. Presence of consistent car rental providers in the developed countries like U.S. and Canada are making North America to hold the share of 30%. Reasons to buy this report:
This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
Key pointers in the report include: Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysisare performed to comprehend the market dynamics and key companies’ position during the next five years. Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries. Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain. Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market. A complete 360 degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players operating in the market is included in the report. Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request. All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts. Related Reports: 1.South America Vehicle Rental Market :- https://www.envisioninteligence.com/industry-report/south-america-vehicle-rentalmarket/?utm_source=issuu-santhosh
2.Middle East & Africa Vehicle Rental Market:-
https://www.envisioninteligence.com/industry-report/middle-east-africa-
vehicle-rental-market/?utm_source=issuu-santhosh
3.Europe
Vehicle
Rental
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Market:-https://www.envisioninteligence.com/industry-report/europe-vehicle-rental-
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