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The global car rental market was valued at USD 86.3 billion in 2019 and is expected to reach USD 131.0 billion by 2025, growing at a CAGR of 6.9% during 2020-2025. The growth of this market is attributed towards increasing disposable income of the citizens globally, extensive number of service providers offering car rental services along with evolving lifestyle of the people. Furthermore, improved road infrastructure has led to enhancement of business and leisure trips across the globe thereby strengthening the growth of global car rental market.<br><br>Download Free Report Sample At: https://www.vynzresearch.com/automotive-transportation/car-rental-market/request-sample<br><br>Rapid expansion of internet and mobile users globally, increase in global air travel, rapid globalization and extensive number of corporate travellers along with increasing global leisure travellers are the key factors that are pertaining towards the growth of global car rental market. Rapid expansion of mobile and internet users across the globe and increasing dependence of users on technology making payments, booking hotels, flights along with paying for the rental services is the key factor that is pertaining towards the growth of global car rental market. <br><br>Geographically, North America is anticipated to contribute largest revenue throughout the estimated period in the global car rental market. The growth of the car rental market in this region is attributed towards increasing number of business and leisure trips both domestic and international. Additionally, shifting trends of consumers towards rental services along with existence of prominent key players in this region such as Enterprise Rent-a-Car are other factors pertaining towards the growth of global car rental market.<br><br>Asia-Pacific is expected to witness highest CAGR during the forecast period owing to improved road infrastructure along with accessibility to high end luxury vehicles. Furthermore, self-driving renting trends of cars that provide convenience and flexibility to the tourists are other factors that are driving the growth of car rental market in Asia-Pacific.<br><br>Read More: https://www.vynzresearch.com/automotive-transportation/car-rental-market<br><br>Key players in the car rental market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Key players such as Avis and Uber have launched mobile applications through which customers get ease of booking cars and choosing their desired vehicle. Moreover, several players are introducing their rental services at affordable prices in order to enhance their consumer base.<br><br>Some of the major players operating in the global car rental market are Sixt SE, Uber Technologies Inc., Carzonrent India Pvt Ltd., Europcar, Avis Budget Group, Inc., German Rent a Car, DTG Operations, Inc., Localiza Rent a Car S.A., Enterprise Holdings Inc., Tempest Car Hire, The Hertz Corporation, Alamo, and Eco Rent a Car.<br><br>About VynZ Research<br>VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.<br><br>Contact<br><br>Manager: Client Care<br><br>Toll-Free: 18882533960<br><br>Email: kundan@vynzresearch.com<br><br>Website: www.vynzresearch.com
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About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.
Global Car Rental Market The global car rental market was valued at USD 86.3 billion in 2019 and is expected to reach USD 131.0 billion by 2025, growing at a CAGR of 6.9% during 2020-2025. The growth of this market is attributed towards increasing disposable income of the citizens globally, extensive number of service providers offering car rental services along with evolving lifestyle of the people. Furthermore, improved road infrastructure has led to enhancement of business and leisure trips across the globe thereby strengthening the growth of global car rental market.
Global Car Rental Market Geographically, North America is anticipated to contribute largest revenue throughout the estimated period in the global car rental market. The growth of the car rental market in this region is attributed towards increasing number of business and leisure trips both domestic and international. Additionally, shifting trends of consumers towards rental services along with existence of prominent key players in this region such as Enterprise Rent-a-Car are other factors pertaining towards the growth of global car rental market.
Global Car Rental Market Key players in the car rental market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Key players such as Avis and Uber have launched mobile applications through which customers get ease of booking cars and choosing their desired vehicle. Moreover, several players are introducing their rental services at affordable prices in order to enhance their consumer base. Some of the major players operating in the global car rental market are Sixt SE, Uber Technologies Inc., Carzonrent India Pvt Ltd., Europcar, Avis Budget Group, Inc., German Rent a Car, DTG Operations, Inc., Localiza Rent a Car S.A., Enterprise Holdings Inc., Tempest Car Hire, The Hertz Corporation, Alamo, and Eco Rent a Car.
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