Car Rental Service Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2032

On the back of these factors, the global car rental market value is at US$ 116 Bn in 2019 and expected to expand at 7.0% CAGR during the forecast period of 2019-2029.

While North America holds almost half of the car rental market share, East Asia is expected to emerge as the most lucrative for companies in the car rental market, attributable to the increasing tourism sector in China & Japan. Growing economic & infrastructural development, foreign investments, and medical tourism in China are other factors expected to boost growth of the car rental market over the forecast period.

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 “Players in the global car rental market can gain significant profits by focusing on intermediate cars in addition to economic cars. The growing popularity of car sharing coupled with the rising disposable incomes are expected to drive the demand for intermediate cars during the forecast period,” says an FMI analyst.

Car Rental Market Taxonomy

The global car rental market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers. The segmentation is done on the basis of car type, end-use, customer type, booking mode, sector, and region.

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Posted in Default Category on December 02 2022 at 10:26 AM

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