NEW YORK, Jan. This paves the way for remarkable growth in the global car rental market over the forecast period. 1% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation) [220+ Pages Latest Report] According. S. 36% of the worldwide market. 46 billion by 2029, exhibiting a CAGR of 6. Diesel will. The increasing demand. S. 59 billion by 2030 from valued at US$ 95. Growth momentum & CAGR. The market is expected to grow at a CAGR of 12. The electric car rental market size is estimated to grow at a CAGR of 12. The report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. 120. 2. 26 billion in 2023 to USD 63. UK: forecast public charging revenue per electric vehicle 2016-2027. 66% NEW YORK, Jan. After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. Electric Vehicles market unit sales are expected to. 30, 2023 (GLOBE NEWSWIRE) -- The electric vehicle charging station market size to hit USD 111. Out of this, e-hailing accounted for the largest share, $120 billion to $130 billion, which is more than 90 percent of the total market. It is expected to reach USD 25,956. The global electric vehicle rental market is estimated to garner a substantial revenue and grow at a CAGR of ~7% over the forecast period, i. China was the frontrunner once again, accounting for around 60% of global electric car. A comprehensive addition of several factors such as global distribution, manufacturers,. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. Electric Car Rental Market Scope. Taken together, car sharing and peer-to-peer. The car rental market research report provides an analysis of the car rental industry including a snapshot, and insights into car rentals as per geographic region. 91 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 16. Various factors, including the diversification of services, increasing urbanization, rising disposable income, ascending preference for on-demand transportation, and growth of tourism, have played a major role in the market growth. 6% from 2021 to 2028. The Future of Bike and Scooter Rental Market Economy Size Expected a Growth of $ 11,040 Million by 2028, According to Vantage Market Research (VMR) WASHINGTON, Dec. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. Market Trends 5. NEW YORK, June 22, 2021 /PRNewswire/ --. Advance Market Analytics published a new research publication on "Electric Car Rental Market Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format. The electric car rental market size is estimated to grow at a CAGR of 12. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. GCC Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)The global market for Electric Car Rental in Airport is estimated to increase from USD million in 2023 to USD million by 2029, at a CAGR during the forecast period of 2023 through 2029. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. 5% from 2023 to 2030. 3 Billion by 2030 at a 6. 8% during the forecast period. They accounted for 88. 46 billion by 2029, exhibiting a CAGR of 6. Automotive. 39 million by 2028, indicating a Compound Annual Growth Rate. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth. The Electric Car Rental market industry is projected to grow from USD 11. Chapter 2: Exclusive North America accounted for the largest share in the Electric Car Rental market in 2022 owing to the increasing collaboration activities by key players over the forecast. 44 billion by 2027 end, registering a solid CAGR growth of 13. 7% from 2020 to 2027. 5% in terms of fleet size from leasing segment and 4. 10 billion by 2030, exhibiting a CAGR of 17. 50 billion in 2022 to $9. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. Global Electric Car Industry. Electric Car Rental Market Growth Opportunities: • Growing Penetration of Rental Services Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaA BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. On the one hand, some automotive OEMs develop car-sharing services in-house and leverage the opportunity to bring their own vehicles into the fleet at lower price points, which gives advantages in operating costs to. The environmental impact of conventional gasoline vehicles and the rise in fuel prices have paved the way for. Growth momentum & CAGR. Electric Car Rental Market was valued at USD 9. 18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. By 2025 20% of all new cars sold globally will be electric, according to the. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. 13 billion in 2021, and it is expected to reach USD 20. A significant rise in the number of people taking business and leisure trips across the globe is driving the demand for car rental services, thereby propelling the industry’s. The car rental market in UAE, under both rental and leasing models had a fleet of 110,000 passenger vehicles and 85,000 commercial vehicles in 2018 (with a total of 195,000). 1 Billion in 2021 and is expected to be. METHODOLOGY. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor. Clean energy and improved. Basis Point Share (BPS. L. 47 Million in 2021 and is expected to reach USD 1261. 42 billion and is expected to achieve a CAGR (Compound Annual Growth Rate) of 7. In Q2 2022, EV sales accounted for 5. . Global Electric Car Rental Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics. 39 Billion in 2023 to USD 34. The China Electric Vehicles Market size is expected to grow from USD 260. [221 Pages Report] The global ride sharing market was valued at USD 85. 69 billion in 2022 to USD 131. 03% during the forecast period. The attractive incentives being offered by the. The research report is titled “Electric Car Rental Market research by Types (Economy cars, Luxury cars), By Applications (Electric. Report Coverage. The Car rental market accounted for USD 119. NEW YORK, Jan. Electric Car Rental Market is poised to grow at a CAGR of 14. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. Menu. , Fox Rent A Car, Avis Budget Group, Inc. Since the last time Deloitte reported on EV sales, significant regional disparities in growth have surfaced. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 65 mn during 2022-2027, accelerating at a CAGR of 12. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 42 billion in 2021. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. 94bn in 2023. 64% during the forecast period. the growth momentum will progress. The. 92 Billion in 2022 and is expected to. Electric Car Rental Market Absolute $ Opportunity5. The size of the worldwide electric car rental market was USD 867. 1% during the forecast period (2022 - 2030). The global electric car rental market size is expected to reach $17. According to the research report, “Indonesia Car Rental Market Outlook to 2021 – Rising Tourism and Growing Middle-Class Population to Foster Future Growth” expresses that the market is driven by the increasing number of foreign travellers daily. 03 billion in 2020. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. The average price paid for an electric vehicle in the United States was less than $51,000 in September, according to Cox Automotive. The Electric Car Rental market report is segmented into sub-segments for comprehension and imbued with valuation and growth patterns. Looking forward, IMARC Group expects the market to reach US$ 95. 1 billion by 2028, growing at a CAGR of 21. Follow. 527 million in 2027 from US$2,309. 65 mn during 2022-2027, accelerating at a CAGR of 12. 01 billion in 2020, and is projected to reach $823. Future developments may include increased vehicle autonomy and. Market Size (2027) $134. Zambia is the third fastest-expanding tourism destination in the world, which contributes considerably to the country’s GDP as well as to the growth of the electric car rental market. 1 billion by 2027, at a CAGR of 18. The increased presence of top-notch companies and the. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. The Electric Car Rental covers vital information on applications, categorization, predicted growth patterns, supply chain, financial and economic terminology, and numerous other market aspects. The Europe car rental market is projected to exhibit a growth rate (CAGR) of 12. The global Electric Car Rental market focuses on encompassing major statistical evidence for the Electric Car Rental industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. Advertisement. , 2023 – 2033. 65 mn during 2022-2027, accelerating at a CAGR of 12. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. The electric car rental market size is estimated to grow at a CAGR of 12. Sustained policy support has been one of the main reasons for strong electric car sales in many markets, with overall public spending on subsidies and. The high demand for electric car rental services, associated advantages and the rise in demand for sustainable travelling solutions, energy-friendly travelling options, and environmental awareness to minimize carbon emission are the factors leading to the growth of the Electric Car Rental Market. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 65 mn during 2022-2027, accelerating at a CAGR of 12. 1) By Vehicle Type: Battery Cars, Hybrid Cars, Plug-in Electric Cars. 64% between 2022 and 2027. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. Germany Car Rental Market Analysis. Three underlying reasons explain this trend:. 12 Billion from 2023 to 2028. The research estimates global Electric Car Rental market revenues in 2021, considering the Electric Car Rental market prices, supply, demand, and trade analysis across regions. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. 4 Billion in 2021 and is projected to reach a value of USD 126. 99%, resulting in a projected market volume of. Base year. Key takeaways. 8% during the forecast period. Covered in this report The report covers the present scenario and the growth prospects. The latest market research report by Technavio on the global electric car rental market predicts a CAGR of around 11% during the period 2017-2021. Vehicle rental in Europe is the practice of renting or leasing a passenger car or commercial vehicle for the short term. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. Nissan LEAF. Due to the rising focus to decrease the emission of harmful. 3 million, from 2. 9 billion in 2022 and is estimated to showcase around 20% CAGR during 2023 to 2032, driven by the rising implementation of stringent government regulations for reducing emissions. 65 mn during 2022-2027, accelerating at a CAGR of 12. 83 Billion by the end of 2032. However, registrations of multi-purpose vehicles have experienced the most. Pune, May 20, 2021 (GLOBE NEWSWIRE) -- EV Market Analysis. In July of 2021,. 2020. Our latest report on the luxury-automobile market updates McKinsey’s extensive research on the sector. Report Coverage. It provides majorly two types of information qualitative and quantitative. 6%. 9 Billion by 2023, growing at a CAGR of 8. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. . Western Europe is projected to account for 44% of car rental. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. Electric Car Rental market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. 7% from 2020 to 2027. 2% in terms of revenues during 2022-2028. 28 billion in 2021, and it is expected to reach USD 223. 21 Billion value by 2027, exhibiting a CAGR of 6. NEW YORK, Aug. The research report also covers the. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Car Rental Market. 5 million electric cars, has the largest fleet. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. 47 billion in 2022. 59 billion by 2030 from valued at US$ 95. 92 billion in 2019 and is projected to reach $214. 5 Billion by 2027 at a CAGR of 21. 65 mn during 2022-2027, accelerating at a CAGR of 12. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian Ambrose Wed 22 Nov 2023 13. MRFR also estimates that. The UAE electric vehicle market would register growth during the forecast period. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. 17 billion by 2028, registering a CAGR of 4. The Global Car Rental Market was valued at USD 98. 157. The total number of road motor vehicles registered in Canada increased to 26. Accelerate at a CAGR of 11. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. Historic period. Demand For Rental Cars Due To Rise In International Tourism to Boost Growth | Technavio. 54 billion in 2022. Electric Car Rental Market report from ReAnIn offers insights on Global Market Size (Historical and Forecast), Market Share, Latest Trends across Market Segments, Competitive Landscape and Market Dynamics. 9 percent over the forecast period. The electric car rental market size is estimated to grow at a CAGR of 12. 6% in terms of fleet size from rental segment during. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. Global Luxury Car Rental Market Size Worth 84. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 120. 7% between 2016 and 2020. The India electric vehicle market size was valued at USD 220. Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. The global car rental market had a market size of $64. Major Highlights from Electric Car Rental Market Study Market Breakdown by Applications: Electric Cars & Others Market Breakdown by Types: Economy cars & Luxury cars Executive Summary: In this. That will be up from 7. The car sharing market size was worth USD 2. The increase in technological advancements is driving the growth of car. It is bigger than it looks and has enough. 55 billion in 2023 to USD 19. For more insights on market size, request a sample report. Shift towards Electric/Hybrid. 01 Million) for the expansion of electric and hybrid car rental services across Romania. The market is projected to grow from USD 12. Forecast period. 6% during the forecast period. New Jersey, NJ -- -- 07/22/2022 -- The Latest research study released by HTF MI "Global Electric Car Rental Market Growth (Status and Outlook) 2022-2030" with 101+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers,. 11% through 2028 on account of country's increasing domestic automobile market and increased exports. altered Customer Preference from Public Transport to Personal Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and. The global commercial vehicle rental and leasing market size was valued at USD 77. 2% from 2021 to 2030. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. The report titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” provides a comprehensive analysis on the car rental market of the Philippines. 01% during the period 2017-2021. Against this backdrop of sluggish sales in 2019, the 2. Follow. 75 billion by 2030, registering a CAGR of 18. 2022. 1 billion by 2026, at a CAGR of 16. 4 billion in 2021 and is estimated to grow to about USD 132. Electric Car Rental Market Report 2022 focuses on company overview with market characteristics, geographical representation of industry size, share and growth analysis with revenue details and. Electric Car Rental Market report from ReAnIn offers insights on Global Market Size (Historical and Forecast), Market Share, Latest Trends across Market Segments, Competitive Landscape and Market Dynamics. Germany car rental was valued at USD 2. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. 1 billion by 2030, with a CAGR of 6. 32 EST. 14 bn during 2020-2024, progressing at a CAGR. What are the future trends you foresee in this market over the. For example, sales of EVs grew by 15 per cent in 2019 compared to 2018, driven by the growth of BEVs in Europe (+93 per cent), China (+17 per cent) and ‘other’ regions (+22 per cent). Electric Car Rental Market Size, Growth Rate, And Forecast The global electric car rental market size is expected to grow from $8. electric vehicle market size was USD 24. 7% in Q2 of 2021). METHODOLOGY. 27bn in 2023. 36% by 2027, the rising. 36 billion in 2027 with a CAGR of 15%. 13 billion in 2023 to USD 1,139. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. 60%. 70% during the forecast period from 2023 to 2032. New Study Reports “Electric Car Rental Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. The global golf cart market size was USD 1. 08 Billion. 32 billion in 2023 to USD 119. 15% during the forecast period (2023-2028). , BlueIndy LLC, and Enterprise Holdings Inc. A number of trends are influencing the car rental market, which include the transition to electric car rental vehicles, the increasing use of rental cars for leisure purposes and the incorporation of shared mobility into the car rental business model. The electric car rental market has witnessed significant growth in recent years, driven by the rising demand for eco-friendly transportation solutions and the increasing popularity of electric vehicles (EVs) worldwide. . 65 mn during 2022-2027, accelerating at a CAGR of 12. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. . 5% according to RationalStat. 43 billion in 2028 at a CAGR of 25. The global car rental & leasing market size was valued at USD 641. To meet a charger-to-car ratio of 7:1 — which the California Energy Commission concluded would be needed to support the state’s goal of 5 million EVs on the road by 2030 — the entire country. 0 million by 2029. The market is projected to grow from USD 43. The COVID-19 pandemic hindered the growth of the car rental market owing to travel restrictions and the shutdown of several tourist agencies and car. 64% between 2022 and 2027. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. 4 billion in 2023, the market is likely to surpass US$ 307. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 1. , Jan. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. 21 billion, at CAGR of 6. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. , Sixt Rent A Car, LLC, Europcar. These companies also tried to employ the franchise. The report offers an up-to-date analysis regarding the. Market consumption volumes declined with a CARC of . Shift towards Electric/Hybrid. 2021-2025. 5% from 2023 to 2032. With rising pollution and population, and. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. 2 Million in 2020, at a CAGR of 15. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. The global electric scooters market size was estimated at USD 33. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. 1% market share. The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032. 64% between 2022 and 2027. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. 10 Years of EV Sales by Country. The reports further project the market to attain a valuation of around USD 10,111. The Electric Car Rental Global Market Report 2023, provides comprehensive information on the electric car rental market across 60+ geographies in the seven regions — Asia-Pacific, Western Europe…According to industry estimates the Electric Car Rental market growth is projected to expand between 12. 65 mn during 2022-2027, accelerating at a CAGR of 12. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. The target market holds nearly a. 36% by 2027, the rising. The report covers various aspects including Business Models,. Forecast Period. The global car rental market size was valued at USD 98. 5% CAGR during the 2023 to 2029 assessment period. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. In Q2 2022, EV sales accounted for 5. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. This was over two and a half times more than in 2018. In Europe, car rentals are usually available at affordable costs. Page number. Details. UK: forecast public charging revenue per electric vehicle 2016-2027. The market is projected to grow from USD 82. 12 Billion from 2023 to 2028. 14 bn during 2020-2024, progressing at a CAGR. The North America car rental market is estimated to increase at a CAGR of 17. 2% in terms of revenues during 2022-2028. Advance Market Analytics published a new research publication on “Electric Car Rental Market Insights, to 2026″ with 232 pages and enriched with self-explained Tables and charts in a. Pune, India, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report, Car Rental Market size is projected to reach USD 144. Global Electric Car Rental Market 2021-2025 The analyst has been monitoring the electric car rental market and it is poised to grow by $ 8. Electric vehicles will grow from 0. 2022-2027. 55 billion in 2028 at a CAGR of 6. The new electric car rental market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. Zambia is the third fastest-expanding tourism destination in the world, which contributes considerably to the country’s GDP as well as to the growth of the electric car rental market. Trend 1: Europe continues to lead EV adoption. that we believe will shape the market over the coming decade. Growth rate of total car rental market is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country. The report offers an up-to-date analysis regarding the cur…The company plans to have 25% of its 500,000 vehicle fleet be electric by the end of 2024, up from 10 percent now, as it accelerates purchases under its deals to buy 330,000 vehicles from Tesla. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. 6 billion. 2% from 2021 to 2030. The electric car rental market size is estimated to grow at a CAGR of 12. 92 billion in 2019 and is projected to reach $214. Details. In 2022, the. Advance Market Analytics published a new research publication on "Electric Car Rental Market Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format. Global Electric Car Rental Market 2023-2027 - Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. The demand for car rental services has increased due to the growth of the tourism industry and the cost advantages they offer to the users. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. 89 billion in 2022 to USD 214.