Press Release

Car Rental Services Market set to grow according to forecasts – AB Car Rental Bonaire, Avis Rent A Car System, Budget Rent A Car System, Europcar, Localiza, Lyft, smile mobility, Tempest, The Hertz Corporation., Uber Technologies

Car Rental Services Market set to grow according to forecasts – AB Car Rental Bonaire, Avis Rent A Car System, Budget Rent A Car System, Europcar, Localiza, Lyft, smile mobility, Tempest, The Hertz Corporation., Uber Technologies

Car rental services is a process of hiring/renting a car for a limited period from a rental company. Various companies like Uber Technologies, Europcar rent the vehicles for a short period ranging from few hours to weeks. The different types of cars rented by the company include Luxury Car, executive car, and economical car among others. Additionally, the vehicle renting agencies also offers other products such as insurance, entertainment systems, and GPS among other services.

The car rental services market is anticipated to grow in the forecast period owing to driving factors such as rapid urbanization, rising disposable income, and the growing popularity of outstation tours. The market is likely to showcase opportunities for the untapped markets and increasing awareness about air pollution.

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The “Global Car Rental Services Market Analysis to 2027” is a specialized and in-depth study of the car rental services industry with a special focus on the global market trend analysis. The report aims to provide an overview of car rental services market with detailed market segmentation by car type, rental category and geography. The global car rental services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading car rental services market players and offers key trends and opportunities in the market.

Companies profiled in this report includes, AB Car Rental Bonaire, Avis Rent A Car System, Budget Rent A Car System, Europcar, Localiza, Lyft, smile mobility, Tempest, The Hertz Corporation., Uber Technologies among others.

The global car rental services market is segmented on the basis of car type and rental category. Based car type, the market is segmented as Luxury Car, Executive Car, Economical Car, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV). On the basis of the rental category the market is segmented as On Airport and Off Airport.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global car rental services market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The car rental services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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The overall car rental services market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the car rental services market.

Reason to Buy:
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global car rental services Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the car rental services Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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