Car Rental Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities 2023-2028

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Global Car Rental Market Research and Forecast
Report 2023-2028




Author Elena Anderson Marketing Manager IMARC
Group
2022 IMARC All Rights Reserved
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Car Rental Market Research Report
2023-2028 According to the latest report by
IMARC Group, titled Car Rental Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2023-2028, the global car rental
market size reached US 79.2 Billion in 2022.
Car rental, or hire a car facility, refers to
the process of renting a car for a short
duration. These car rental services are provided
by agencies that purchase several fleet vehicles
and rent them to customers for a fee. Nowadays,
individuals prefer to hire a car on rent as it is
a more cost-effective alternative than owning a
vehicle and offers freedom of movement and
low-cost traveling. Some rental cars are also
equipped with entertainment systems, global
positioning systems (GPS), and Wi-Fi
networks. Request for a PDF sample of this
report https//www.imarcgroup.com/car-rental-mar
ket/requestsample

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Report Description and Highlights
Report Description

Global Car Rental Market Trends The global
car rental market is primarily driven by the
rapid growth of the information technology (IT)
sector. With the rising penetration of
smartphones, renting a car through online
platforms has become the most preferred choice.
Besides this, increased travel and tourism
activities have encouraged individuals to opt for
car rental services, such as taxis and
carpooling, for improved mobility and
cost-effective traveling. The high usage rate
of car rental services by daily commuters and
office goers is also providing a positive outlook
to the market. Besides this, governments of
various countries are emphasizing on minimizing
their vehicular emissions. Consequently, car
rental services have emerged as one of the most
economical modes of transportation. On account
of these factors, the market value is anticipated
to reach US 95.7 Billion by 2028, expanding at a
CAGR of 3.1 during 2023-2028. View Report TOC,
Figures and Tables https//www.imarcgroup.com/car
-rental-market
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Report Description and Highlights
Report Description

• Key Market Segmentation
• The research report includes the following
  segments
• Breakup by Booking Type
• Offline Booking
• Online Booking
• Breakup by Rental Length
• Short Term
• Long Term
• Breakup by Vehicle Type
• Luxury
• Executive
• Economy
• SUVs
• Others

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Report Description and Highlights
Report Description

• Breakup by Application
• Leisure/Tourism
• Business
• Breakup by End-User
• Self-Driven
• Chauffeur-Driven
• Breakup by Region
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Avis Budget Group, Inc.
• Carzonrent India Private Limited
• Eco rent a car
• Sixt SE
• Localiza
• Enterprise Holdings, Inc.
• Enterprise Rent-A-Car
• Europcar
• The Hertz Corporation

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Key Questions Answered in the Report
Report Description

1. What was the size of the global car rental
market in 2022? 2. What is the expected growth
rate of the global car rental market during
2023-2028? 3. What are the key factors driving
the global car rental market? 4. What has been
the impact of COVID-19 on the global car rental
market? 5. What is the breakup of the global car
rental market based on the booking type? 6. What
is the breakup of the global car rental market
based on the rental length? 7. What is the
breakup of the global car rental market based on
the vehicle type? 8. What is the breakup of the
global car rental market based on the
application? 9. What is the breakup of the global
car rental market based on the end user? 10. What
are the key regions in the global car rental
market? 11. Who are the key players/companies in
the global car rental market?
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Table of Contents
Report Description

1 Preface 2 Scope and Methodology 2.1
Objectives of the Study 2.2 Stakeholders
2.3 Data Sources 2.3.1 Primary
Sources 2.3.2 Secondary Sources
2.4 Market Estimation 2.4.1
Bottom-Up Approach 2.4.2 Top-Down
Approach 2.5 Forecasting Methodology 3
Executive Summary 4 Introduction 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
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Table of Contents
Report Description
6 Market Breakup by Booking Type 6.1
Offline Booking 6.1.1 Market Trends
6.1.2 Market Forecast 6.2 Online
Booking 6.2.1 Market Trends 6.2.2
Market Forecast 7 Market Breakup by Rental
Length 7.1 Short Term 7.1.1 Market
Trends 7.1.2 Market Forecast 7.2
Long Term 7.2.1 Market Trends
7.2.2 Market Forecast 8 Market Breakup by
Vehicle Type 8.1 Luxury 8.1.1
Market Trends 8.1.2 Market Forecast Click
here to visit the complete table of content with
list of figures and tables https//www.imarcgrou
p.com/car-rental-market/toc

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2022 IMARC All Rights Reserved This
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otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
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Market Analysis Research and Consulting
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