Edison, NJ -- (SBWIRE) -- 12/17/2021 -- The Latest research coverage on Vehicle Rental Services Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.
Access Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/129093-global-vehicle-rental-services-market
The Vehicle Rental Services Market Study by AMA Research gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the Vehicle Rental Services market.
Vehicle rental or vehicle hire agencies are agencies that rent automobiles for a short period of time at a certain cost. Rental services for SUVs and MUVs are anticipated to witness considerable growth in the next few years owing to an observed increase in people traveling for leisure and recreational purposes. Luxury car rental services have picked up pace in the emerging markets of China and India, whereas they have already attained maturity in developed countries such as the U.S. and U.K. Asia Pacific is anticipated to emerge as the fastest-growing regional market due to rising availability of high-end luxury as well as economy vehicles, particularly in developing nations, is providing a major boost to the car rental industry in the region.
The Indian car rental industry, Revenue in the Car Rentals segment amounts to USD 2,508m in 2020. Revenue is expected to show an annual growth rate of 11.8%, resulting in a market volume of USD 3,912m by 2024. In 2018, the European Government Spends New leasing volumes worth USD 473.162 billion on Assets, in which 52 % for Passenger Cars and 18% on Commercial Vehicles.
Major & Emerging Players in Vehicle Rental Services Market:-
Avis Budget Group Inc. (United States), Enterprise Holdings Inc.(United States), Hertz Global Holdings Inc (United States), Localiza (Brazil), SIXT (Germany), Uber Technologies, Inc. (United States), Budget Truck Rental (United States), Fast Rent a Car (UAE), Bettercar Rental (Dubai), Europcar Mobility Group (France)
The titled segments and sub-section of the market are illuminated below:
by Application (Local usage, Outstation, Others), Vehicle Type (Car (Luxury Car, Executive Car, Economical Car, Sports Utility Vehicle (SUV), Multi Utility Vehicle (MUV)), Van, Truck, Others), Booking (Offline Booking, Online Booking), Rental Type (Chauffeur Drive, Special Event, Self Driving, Business Retail), End User (Personal, Business)
Market Trends:
Increasing Demand for Online Rental Services
Increasing sales of smartphones is another major factor propelling the market
Opportunities:
High Adoption due to growing tourism industry across the globe
Increasing Adoption of Car Rental Management Software
Market Drivers:
The rise in the trend of on-demand transportation services
The Introduction of value-for-money Vehicle Rental Services is a trend that is gradually gaining momentum in the industry
Enquire for customization in Report @: https://www.advancemarketanalytics.com/enquiry-before-buy/129093-global-vehicle-rental-services-market
Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Vehicle Rental Services Market
Chapter Four: Players Profiles
Chapter Five: Global Vehicle Rental Services Market Analysis by Regions
Chapter Six: North America Vehicle Rental Services Market Analysis by Countries
Chapter Seven: Europe Vehicle Rental Services Market Analysis by Countries
Chapter Eight: Asia-Pacific Vehicle Rental Services Market Analysis by Countries
Chapter Nine: Middle East and Africa Vehicle Rental Services Market Analysis by Countries
Chapter Ten: South America Vehicle Rental Services Market Analysis by Countries
Chapter Eleven: Global Vehicle Rental Services Market Segment by Types
Chapter Twelve: Global Vehicle Rental Services Market Segment by Applications
What are the market factors that are explained in the Vehicle Rental Services Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Buy This Exclusive Research Here: https://www.advancemarketanalytics.com/buy-now?format=1&report=129093
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Contact Us:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@advancemarketanalytics.com
Connect with us at
https://www.linkedin.com/company/advance-market-analytics
https://www.facebook.com/AMA-Research-Media-LLP-344722399585916
https://twitter.com/amareport