Global Car Rental Industry to 2026 – Major Players Include Avis Budget Group, Sixt and Localiza among others – ResearchAndMarkets.com
Chester T. Dean
3 min read
DUBLIN – (COMMERCIAL THREAD) – The “Car Rental Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026” report has been added to ResearchAndMarkets.com offer.
The global car rental market reached a value of US $ 93.7 billion in 2020. In the future, the publisher expects the market to reach a value of US $ 144.7 billion. by 2026, growing at a CAGR of 7.2% in 2021-2026.
Bearing in mind the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major contributor to the market.
Car rental refers to the ability to rent automobiles temporarily for a predefined period through online or offline channels. Car rental services are primarily intended to serve travelers and individuals who do not own private vehicles. Car rental is seen as a more cost effective alternative to vehicle ownership, as it provides freedom of movement, low cost travel, and avoids high cost of ownership. The service providers also offer various other products, such as auto damage repair, insurance indemnity policies, entertainment systems, global positioning systems (GPS) and Wi-Fi networks, for provide increased comfort to users.
The significant growth of the travel and tourism industry across the globe is one of the key factors in the growth of the car rental industry. In addition, the increase in the urban population with an increasing tendency for adventure and travel is also driving the growth of the market. With this in mind, individuals are adopting car rental services in the form of taxis and carpooling for increased mobility and economical travel.
The implementation of favorable government policies, along with the growing awareness of environmental conservation, acts as another growth factor. Governments in developed and emerging economies are emphasizing reducing vehicle emissions and promoting car rental services as one of the most economical modes of transportation. Other factors, including the introduction of car rental services through websites and smartphone apps, along with the increasing spending capabilities of the masses, are expected to further drive the market.
Companies mentioned
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Avis Budget Group, Inc.
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Carzonrent India Private Limited
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Eco rent a car
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Sixt SE
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Location
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Company Holdings, Inc.
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Enterprise Rent-A-Car
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Europcar
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The Hertz company
Key questions addressed in this report:
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How has the global car rental market performed so far and how will it perform in the years to come?
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What are the main regional markets?
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What has been the impact of COVID-19 on the global car rental market?
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What is the distribution of the market according to the reservation?
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What is the distribution of the market according to the rental period?
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What is the distribution of the market according to the type of vehicle?
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What is the market split depending on the application?
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What is the distribution of the market according to the end user?
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What are the different stages of the industry value chain?
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What are the main driving factors and challenges in the market?
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What is the structure of the global car rental market and who are the major players?
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How competitive is the market?
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive summary
4 Presentation
4.1 Overview
4.2 Key Industry Trends
5 Global Car Rental Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market breakdown by reservation
7 Market breakdown by rental period
8 Market breakdown by type of vehicle
9 Market split by application
10 Market breakdown by end user
11 Market breakdown by region
12 SWOT Analysis
13 Value chain analysis
14 Porters Five Forces Analysis
15 price indicators
16 Competitive landscape
16.1 Market structure
16.2 Key players
16.3 Profiles of key players
For more information on this report visit https://www.researchandmarkets.com/r/h099p2
