6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. 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. 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. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. 6 Billion by 2028. The electric car rental market size is estimated to grow at a CAGR of 12. 64% between 2022 and 2027. With many countries getting plugged into electrification, the global EV market has seen exponential growth over the last decade. 9% over 2020. Truck Rental Market Regional Insights. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. 84 billion in 2021. Close. 65 mn during 2022-2027, accelerating at a CAGR of 12. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. The Car rental market accounted for USD 119. 84 billion in 2023 to USD 575. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. The ”Electric Car Rental Market” report provides a comprehensive analysis of growth opportunities in various segments and sub-segments. But in 2019, the number of units sold increased only to 2. The market is projected to grow from USD 728. 4 billion in 2023, the market is likely to surpass US$ 307. According to a report by Allied Market Research, the global electric vehicle rental market size was valued at $15. 5% during 2022-2028. 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. 6% during the forecast period. The global impact of COVID-19 has been unprecedented and staggering, with golf cars witnessing a negative demand shock across all regions amid the pandemic. Accelerate at a CAGR of 11. Electric Car Rental Market Trends, Growth Opportunities, and Forecast Scenarios to 2028 Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the. Our latest report on the luxury-automobile market updates McKinsey’s extensive research on the sector. 4% in the 2021-2028 period. The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). Comprehensive details of factors that will challenge the growth of car rental market vendors. 42 billion in 2021. 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. Wilmington, Delaware, Sept. 527 million in 2027 from US$2,309. The market is projected to register a CAGR of 10. Historic period. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. 1 million electric car sales in 2019 represent a 6% growth from the previous year, down from year-on-year sales growth at least above 30% since 2016. 0 million by 2029. As…Europe Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028). The global electric car rental market is poised to grow by USD 7. , 2022 – 2030. 24 billion in 2021 to USD 137. The global car rental market size was valued at $92. The market is projected to grow from USD 28. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. Growth momentum & CAGR. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. This press release was orginally distributed by SBWire New Jersey, USA — (SBWIRE) — 05/10/2022 — Advance Market Analytics published a new research publication on "Electric Car Rental Market. The analysts forecast the global electric car rental market to grow at a CAGR of 11. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. 3 Billion by 2030 at a 6. The Electric Vehicle. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. 54 billion in 2022 to USD 137. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 28 billion in 2021, and it is expected to reach USD 223. 9%. Electric Car Rental Market Scope. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. Base year. New Jersey, United States – Analysis of Electric Car Rental Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast The. DOWNLOAD PDF. 27 thousand units in 2022 and is expected to reach 139,846. 11, 2023 /PRNewswire/ — According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. In. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 2022-2027. 7% between 2016 and 2020. Electric Car Rental Market Absolute $ Opportunity5. Electric Car Rental Market Scope. 96 million by 2033, growing at a CAGR of 5. The average price paid for an electric vehicle in the United States was less than $51,000 in September, according to Cox Automotive. The target market holds nearly a. Shift towards Electric/Hybrid. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. The various travel restrictions and lockdowns implemented. The research assessment of the Market is designed to analyze futuristic trends. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. The global carsharing market size stood at USD 6,395 million in 2022, and it is predicted to reach USD 9,957 million by 2030, advancing at a CAGR of 5. 64% between 2022 and 2027. Growth in the electric-vehicle market has slowed. 64% during the forecast period. For more insights on market size, request a sample report. The escalating demand for electric and hybrid rental cars due to stringent environmental regulations, rising tourism and business travel, and growing trend toward flexible mobility solutions represent some of the key factors driving the market. 2% in terms of revenues during 2022-2028. 13 billion in 2023 to USD 1,139. The Indonesian car rental market is projected to witness a CAGR of 7. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. 14 billion during 2020-2024. [221 Pages Report] The global ride sharing market was valued at USD 85. Emerge as Key. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. A detailed study accumulated to offer Latest insights about acute features of the Electric Car Rental market. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. 1% market share. 65 mn during 2022-2027, accelerating at a CAGR of 12. China, with 4. 64% between 2022 and 2027. The market is projected to grow from USD 12. 6% during the forecast period 2021-2026. 34% in 2020 as compared to 2019. The global recreational vehicle market size was valued at USD 47. 08 Billion. 53% during the forecast period 2019-2025. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. 15% during the forecast period (2023-2028). 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 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. S. 8% during the forecast period. 69 billion in 2021 to USD 2. 67 billion in 2020, growing at a CAGR of 6. Page number. 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. 65 million. The UAE electric vehicle market would register growth during the forecast period. Electric Car Rental Market Size was valued at USD 9. It focuses on five significant trends in the global luxury-automobile segment 1 Cars with a manufacturer’s suggested retail price (MSRP) of $80,000 or more. Canada Electric Car Market volume was 38576. Market Size (2027) $134. In Q2 2022, EV sales accounted for 5. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. The tourism sectors in cities are expanding, which is expected to have a beneficial impact on the Indonesian car rental market growth. Recreational Vehicles (RVs) are portable units mounted on chassis and wheels. add_box. 6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6. The Electric Car market was estimated to be. 75 billion by 2030, registering a CAGR of 18. Page number. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. The potential growth difference for the electric car rental market between 2020 and 2024 is USD 7. 60%. The global car rental market is predicted to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period. Comprehensive details of factors that will challenge the growth of car rental market vendors;. Moreover, the growth momentum will progress. 2021-2025. Forecast period. 1 billion by 2030, with a CAGR of 6. With rising pollution and population, and. 00% during the forecast period (2023 - 2032). 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). A comprehensive addition of several factors such as global distribution, manufacturers,. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. 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. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 23 Sep, 2021, 05:05 ET. Base year. 1. 46 billion by 2029, exhibiting a CAGR of 6. . 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. March 20, 2023 13:18 ET | Source: Vantage Market Research. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. 15 million in 2021, and it is anticipated to increase to USD 2363. Market Research. Recent COVID-19 has disrupted the market growth. 8% during the forecast period. With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. Electric cars earned a record-high the market share of 75% in Norway, up about one-third from 2019. The new electric car rental market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. Details. 3 billion in 2020 and is projected to reach $65. 69 billion in 2022 to USD 131. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. 5% according to RationalStat. Against this backdrop of sluggish sales in 2019, the 2. NEW YORK, June 22, 2021 /PRNewswire/ --. The research report also covers the. 49% CAGR and will total USD 119. The size of the worldwide electric car rental market was USD 867. Electric Car Rental Market Report The global Electric Car Rental market size is projected to reach USD 2044. The. 9% from 2023 to 2030. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. In Europe, car rentals are usually available at affordable costs. 2 Billion in 2022. The passenger vehicle (PV) segment remained dominant with 73. 50 billion in 2022 to $9. 7 per cent growth in new companies registering this year as per RTA figures. Details. It is expected to reach USD 25,956. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. It provides majorly two types of information qualitative and quantitative. S. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 1. . The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. 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. Electric vehicles are gaining popularity and market share. Germany Car Rental Market Analysis. 44 billion by 2027 end, registering a solid CAGR growth of 13. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. 66% NEW YORK, Jan. " Cognitive Market Research has recently published the 7th edition of Electric Car Rental Market Report 2023. 91 billion in 2023 at an impressive. 6% market share of electric cars in worldwide car sales constitutes a record. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 6 Billion by 2030, growing at a CAGR of 4. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for Electric Car Rental market growth. What are the future trends you foresee in this market over the. 65 mn during 2022-2027, accelerating at a CAGR of 12. 23, 2021 /PRNewswire/ -- The global car rental market size is anticipated to reach USD 141. The growth of the market can primarily. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. In addition to this, the market generated. Latest Market Analysis Research Report on “Global Electric Car Rental Market 2020” has been added to Wise Guy Reports database. 39 million by 2028, indicating a Compound Annual Growth Rate. Intense competition, fluctuating prices, and shifting OEM. Electric Car Rental Market was valued at USD 9. Pune, India. to rise to 50 percent by 2030. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. The ride sharing market has gained popularity over the past few years because companies are trying to make. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 7% in Q2 of 2021). 6 billion. 3 million, from 2. In Q2 2022, EV sales accounted for 5. 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. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. Diesel will. 64% during the forecast period. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. 30, 2023 (GLOBE NEWSWIRE) -- The electric vehicle charging station market size to hit USD 111. 13, 2021 (GLOBE NEWSWIRE. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. The Thailand Car Rental Market is valued at USD 811. Amid the COVID-19 pandemic-associated lockdowns, the e-bike rental market in India witnessed a significant decline in revenue due to the closure of transportation activities and the. Due to the rising focus to decrease the emission of harmful. The reports further project the market to attain a valuation of around USD 10,111. Global electric car rental market - Five forces. 08 billion in 2021. Moreover,. At 24. 21 billion by. The market is. Pune, India, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report, Car Rental Market size is projected to reach USD 144. com's offering. L. Forecast period. The Electric Car Rental Market research 2022-2028 offering the complete outlook of market size, share and growth opportunities, industry segmentation by product type, applications and geographical. 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. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. 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. The market is projected to grow from USD 82. Consumer Interests for On Demand Transportation: Commuters are increasingly demanding familiar, reliable, and high. The global golf cart market size was USD 1. Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry, the car rental market in the Netherlands has ample growth potential in the coming years. Frequent suspension of public transport systems coupled with the highly contagious nature of the virus propelled the need for passenger cars. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. The global car rental & leasing market size was valued at USD 641. 1 billion by 2028, growing at a CAGR of 21. Germany car rental was valued at USD 2. 65 million from 2022 to 2027. 01 Million) for the expansion of electric and hybrid car rental services across Romania. -October 29, 2020 at 04:31 am- MarketScreener. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future. 0. The global commercial vehicle rental and leasing market size was valued at USD 77. March 20, 2023 13:18 ET | Source: Vantage Market Research. Follow. 18 trillion during 2021-2025, progressing at a CAGR of. The truck rental market in Europe accounted for the biggest share, worth USD 42. 14 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast. The increase in technological advancements is driving the growth of car. 64% during the forecast period. Research Methodology. The growth of the travel and tourism sector. 21 Billion value by 2027, exhibiting a CAGR of 6. The global electric car rental market is forecast to grow by. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. Nissan LEAF | Electric Range: 240 / 363 km*. 8% during the forecast period. The Electric Car Rental Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. NEW YORK, Jan. 8 billion in 2021 and is expected to reach USD 185. 771 million in 2020. “EV growth is here to stay, so we will see more EVs in all parts of our automotive. Jan 04, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Electric Car Rental industry. NWTN Inc. 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. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. Car rental market growth accelerated by rising growth of the travel and tourism sector and increased awareness about electric mobility services April 30, 2023 20:19 ET | Source: Market Research FutureVantage Market Research. Tokyo, Jan. 4 Billion in 2021 and is projected to reach a value of USD 126. 21 Billion value by 2027, exhibiting a CAGR of 6. Market Trends 5. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the. The global crowdfunding market is experiencing a robust surge, projected to elevate from $13. Demand For Rental Cars Due To Rise In International Tourism to Boost Growth | Technavio. Growth momentum. Western Europe’s growth. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. " Global "Electric Car Rental Market" [NEW. The global electric car rental market is fragmented, and the five forces analysis covers–The Electric Car Rental Market report upholds the future market predictions with market size, revenue, production, Consumption, gross margin and other substantial factors. As the world transitions towards a sustainable future, the electric car rental. 59 billion by 2030 from valued at US$ 95. , BlueIndy LLC, and Enterprise Holdings Inc. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. Press release - Researchmoz - Electric Car Rental Market ? Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2026 including Top Players ALD Automotive, Arval, Sixt, Europcar. 65 mn during 2022-2027, accelerating at a CAGR of 12. A vertical stack of three evenly spaced. A detailed market share and penetration of different types, processes, and geographies in the Electric Car Rental market from 2001 to 2028 is included. 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. 7% from 2021 to 2028. 30 billion. 4 billion in 2021 and is estimated to grow to about USD 132. 59 billion by 2030 from valued at US$ 95. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] the 10 months leading up to October, sales of fully electric. 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. Shift towards Electric/Hybrid. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. 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. 2020. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. Further, the market generated a revenue of USD 100 billion in the year 2022. Future developments may include increased vehicle autonomy and. Nissan LEAF. 22% during the forecast period, 2022-2027. The segment value, growth, revenue, and demand in the market. The market is predicted to grow at a healthy pace in the coming years. The increased presence of top-notch companies and the. The global electric car rental market is forecast to grow by. 08, 2021 (GLOBE NEWSWIRE) -- Car Rental Market Analysis/Car Rental Market Trends. In contrast, the United States market for BEVs. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 1. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market Information by Vehicle Type,. and among others. 13, 2021 (GLOBE NEWSWIRE. Total annual revenue for carsharing in the U. 3% of new. 14 bn during 2020-2024 Electric Car Rental Market 2020-2024 - Avis Budget Group Inc. 4% during 2021-2026. 01 billion in 2020, and is projected to reach $823. The global electric vehicle market size was valued USD 384. That’s a huge decline from. 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. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. For instance, the increase in the adoption of electric ride share services is likely to decrease the number of passenger vehicles on American roads $247 million to $44 million in 2030. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. 47 billion in 2022. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. 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. Premium Report Details. The. 6%. 6% during the forecast period. 6%. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market Information by Vehicle Type, Application. In January 2022, In the United Kingdom, the London Electric Vehicle Company (LEVC). The Car rental market accounted for USD 119. EV Market 2022-2030: The global electric vehicle market was valued at $163. 5% CAGR during the 2023 to 2029 assessment period. 0 billion in the current year.