SHERIDAN, WYOMING, USA, October 18, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled âScandinavia Car Rental Market Share: Industry Trends, Size, Growth, Opportunities and forecast 2021-2026 â, the Scandinavian car rental market experienced strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Car rental refers to the service of temporary rental of vehicles for a predefined period through online or offline channels. These services provide rental cars to individuals and travelers who do not own private cars. Car rental services are cost effective alternatives to vehicle ownership as they provide low cost travel, freedom of movement, reduced fuel consumption on individual vehicles, etc. Many car rental service providers also provide several other services, such as insurance indemnity policies, GPS and Wi-Fi networks, auto repair, entertainment systems, etc. for a great customer experience. improved.
The increase in the urban population, coupled with the significant expansion of the travel and tourism industry, mainly drives the car rental market in Scandinavia. In addition, the growing adoption of car rental services in the form of ridesharing and taxis for cost effective travel and increased mobility is also propelling the regional market. In addition, due to increasing air pollution, several government agencies are focusing on reducing vehicle emissions and promoting car rental services as sustainable and economical modes of transportation. Many other factors, such as the introduction of these services through websites and smartphone apps, the growing number of car rental service providers, the increase in consumers’ disposable income, etc., are also expected to boost market growth in the years to come.
Competitive Analysis and Segmentation of Scandinavia Car Rental Market 2021-2026:
Competitive landscape with key players:
The competitive landscape of the Scandinavian car rental market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
Avis Rent A Car System, LLC
Budget Rent A Car System, Inc.
Company Holdings, Inc.
National car rental
The Hertz company
Economy car rental
Key market segmentation:
The report segmented the Scandinavian car rental market on the basis of booking type, rental duration, vehicle type, application, end user, and country.
Breakdown by type of reservation:
Breakdown by rental period:
Breakdown by vehicle type:
Sport utility vehicles (SUVs)
Breakdown by application:
Leisure / Tourism
Breakdown by end user:
Breakdown by country:
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/scandinavia-car-rental-market
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Market drivers and success factors
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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