The Australian car rental market had total revenues of $584. 92 billion in 2022. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. Close. Indonesia Car Rental Market - Growth, Trends, Covid-19 Impact, and Forecasts. Details. 7% in Q2 of 2021). 01 Million) for the expansion of electric and hybrid car rental services across Romania. Market Trends 5. 0 million by 2029. The growth of the market depends on several factors, including increasing demand for rental cars due to the rise in international tourism, the need for optimum performance. Base year. Automobile Rental & Leasing Market Analysis. Total annual revenue for carsharing in the U. Recreational Vehicles (RVs) are portable units mounted on chassis and wheels. 47 Million in 2021 and is expected to reach USD 1261. The report offers an up-to-date analysis regarding the cur…The company plans to have 25% of its 500,000 vehicle fleet be electric by the end of 2024, up from 10 percent now, as it accelerates purchases under its deals to buy 330,000 vehicles from Tesla. Executive summary. com Website: LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 4% in the 2021-2028 period. Due to the rising focus to decrease the emission of harmful. 1% from 2023 to 2033. 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. 69 billion in 2021 to USD 2. The high demand for electric car rental services, associated advantages and the rise in demand for sustainable travelling solutions, energy-friendly travelling options, and environmental awareness to minimize carbon emission are the factors leading to the growth of the Electric Car Rental Market. 1% from 2021 to 2028. 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. 4m in 2020, representing a compound annual rate of change (CARC) of -15. According to our primary respondents’ research, the Electric Car market is predicted to grow at a CAGR of roughly 19% during the forecast period. METHODOLOGY. 46 billion by 2029, exhibiting a CAGR of 6. 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. 7% during 2022–2030. Pune, Feb. 36% by 2027, the rising. S. 83% to reach US$2. Various factors, including the diversification of services, increasing urbanization, rising disposable income, ascending preference for on-demand transportation, and growth of tourism, have played a major role in the market growth. Official forecasts for electric car take-up have been slashed. Electric Car Rental Market report from ReAnIn offers insights on Global Market Size (Historical and Forecast), Market Share, Latest Trends across Market Segments, Competitive Landscape and Market Dynamics. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. According to the report, the. Forecast period. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the. Read More. LPI (LP Information)' newest research report, the â Electric Car Rental Industry Forecastâ looks at past sales and reviews total world Electric Car Rental sales in 2022, providing a comprehensive analysis by region and market. The Electric Car Rental Market will grow by USD 7. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. Experts say the rental car industry trend reflects America’s broader societal shift toward electric cars. 24 billion in 2021, and is anticipated to keep leading over the projected period. The key. The market is predicted to grow at a healthy pace in the coming years. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. The size of the worldwide electric car rental market was USD 867. The global car rental market size reached US$ 79. Autonom Service, a car rental company, invested Euro 15 million (USD 16. 66% NEW YORK, Jan. 42 billion and is expected to achieve a CAGR (Compound Annual Growth Rate) of 7. Market Size (2027) $134. Comprehensive details of factors that will challenge the growth of car rental market vendors. The report offers an up-to-date analysis regarding the. This momentum is expected to continue, reaching $17. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. Electric Car Rental Market Size was valued at USD 9. Electric Vehicles market unit sales are expected to. 6% during the forecast period. 64% between 2022 and 2027. Market Research. 79 Billion in 2021 and is projected to reach USD 125. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. The electric car rental market has witnessed significant growth in recent years, driven by the rising demand for eco-friendly transportation solutions and the increasing popularity of electric vehicles (EVs) worldwide. The global electric car rental market size is expected to grow from $8. Key Insights from Primary Research: As per the analysis shared by our key respondents, the Electric Vehicle market is expanding at a CAGR of around 24. 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. Report Overview. March 20, 2023 13:18 ET | Source: Vantage Market Research. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 36% over the forecast period. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. The Car Rental. 771 million in 2020. Global Electric Car Rental Market 2023-2027 - Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. DOWNLOAD PDF. The market is projected to register a CAGR of 10. com Website: York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region - Forecast till 2030", The truck rental market can expect to go from USD 107. 3% during the forecast period. Looking forward, IMARC Group expects the market to reach US$ 95. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 9 billion in 2022. 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 car rental market forecast shall be $1,48,129. NEW YORK, Jan. 2020-2025 Global Electric Car Rental Market Report – Production and Consumption Professional Analysis (Impact of COVID-19) is latest research studyMar 10, 2023 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. Wilmington, Delaware, Sept. Electric Car Rental Market was valued at USD 9. The market is. 5 million electric cars, has the largest fleet. Electric Car Rental Market Size, Growth Rate, And Forecast The global electric car rental market size is expected to grow from $8. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. The total number of road motor vehicles registered in Canada increased to 26. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The market is projected to grow from USD 12. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. 7 Million by 2026, from USD 866. 54 billion in 2022 to USD 137. GCC Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)The global market for Electric Car Rental in Airport is estimated to increase from USD million in 2023 to USD million by 2029, at a CAGR during the forecast period of 2023 through 2029. to rise to 50 percent by 2030. Forecast period. Electric vehicles will grow from 0. 46 billion by 2029, exhibiting a CAGR of 6. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. . , 2023 – 2033. " Electric Car Rental Industry Statistics Cognitive Market. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. March 20, 2023 13:18 ET | Source: Vantage Market Research. The electric car rental market size is estimated to grow at a CAGR of 12. 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 growth of the car rental market; Analysis of the market’s competitive landscape and detailed information on vendors; Comprehensive details of factors that will challenge the growth of car rental market vendors; Related Reports: The electric car rental market size is estimated to grow at a CAGR of 12. By contrast, electric car sales are lagging in most emerging and developing economies where only a few models are often available and at prices that are unaffordable for mass-market consumers. WASHINGTON, Oct. 4 billion in 2021 and is estimated to grow to about USD 132. 9%. The Market Outlook. 1. Pune, May 20, 2021 (GLOBE NEWSWIRE) -- EV Market Analysis. 5% in terms of fleet size from leasing segment and 4. The global car rental market size was valued at $92. It is expected to reach USD 25,956. Moreover, the growth momentum will progress. In Europe, car rentals are usually available at affordable costs. 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. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. Taken together, car sharing and peer-to-peer. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. The global car rental industry is highly lucrative and predicted to witness significant growth. Global Electric Car Rental Market Analysis and Forecast by Type 5. The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032. 6% market share of electric cars in worldwide car sales constitutes a record. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Electric Car Rental market has been performed to. 3. Chapter 1: Electric Car Rental Market Product Definition, Product Types, Volume, and Revenue Analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. Reserve today. Electric Car Rental Market Absolute $ Opportunity5. 6% of the total auto market (up from 2. Through meticulous Electric Car Rental market segmentation and trend analysis, we have identified key growth drivers, market challenges, and transformative forces shaping each industry sector. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 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. 120. Growth momentum. 65 mn during 2022-2027, accelerating at a CAGR of 12. Report Coverage. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 0 billion by the next 5 years, registering a CAGR of 11% during the forecast period. With many countries. Electric Car Rental Market Research Report. 44 billion by 2027 end, registering a solid CAGR growth of 13. The Electric Vehicle. Chapter 1: Car Rental Market Product Definition, Product Types, Volume, and Revenue Analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023. The Electric Car Rental Global Market Report 2023, provides comprehensive information on the electric car rental market across 60+ geographies in the seven regions — Asia-Pacific, Western Europe…According to industry estimates the Electric Car Rental market growth is projected to expand between 12. 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). 65 mn during 2022-2027, accelerating at a CAGR of 12. 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. 50 billion in 2022 to $9. The electric car-rental market is projected to reach $19 billion (€19. The. Follow. The market is projected to grow from USD 728. The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. 36 billion in 2027 with a CAGR of 15%. 13 billion in 2021, and it is expected to reach USD 20. 1 billion by 2026, at a CAGR of 16. 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. 1) By Vehicle Type: Battery Cars, Hybrid Cars, Plug-in Electric Cars. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. com's offering. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 14. 15 million in 2021, and it is anticipated to increase to USD 2363. 14 billion during 2020-2024. 14 bn during 2020-2024 New Electric Car Rental Market Research Report- COVID-19 Analysis Based on Economy Cars and Luxury Cars Vehicle. 42 billion in 2021. Company. Revenue in the Car Rentals market is projected to reach US$99. Key takeaways. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. , 2023-28. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. The India electric vehicle market size was valued at USD 220. 2 Million in 2020, at a CAGR of 15. NEW YORK, June 22, 2021 /PRNewswire/ --. Follow. Details. 9, 2021 -- The electric car rental market is set to grow by USD 8. 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,. The Europe car rental market is projected to exhibit a growth rate (CAGR) of 12. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. 1 billion by 2032, growing at a CAGR of 6. 65 million. 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. 7%. Base year. 36 billion in 2021 and is forecast to register a CAGR of 7. Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 7%. 62 billion in 2020 and is projected to grow from USD 1. To get the exact yearly growth variance and the Y-O-Y growth rate, View Report Snapshot. 6% during the forecast period 2021-2026. 89 billion in 2022 to USD 214. Accelerate at a CAGR of 11. Forecast period. e. NWTN Inc. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. 4 million in 2019 at a healthy rate of 15. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. 64% during the forecast period. New York, March 09, 2020 (GLOBE NEWSWIRE) -- Reportlinker. 2% CAGR during the forecast period. 54 billion in 2023, boasting a noteworthy Compound Annual. 49 million in 2022 to USD 1,71,849. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. 527 million in 2027 from US$2,309. 03 billion in 2020. 4 Billion in 2021 and is expected to reach a value of USD 126. 36% of the worldwide market. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. Growth rate of total car rental market is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country. 9 percent over the forecast period. The global electric car rental market is poised to grow by USD 7. 50 billion in 2022 to $9. 2020. The car rental service market is estimated to expand at 7. 42 Million by 2027 registering a CAGR of over 9. The car industry will stay in low gear in 2024. The electric car rental market size is estimated to grow at a CAGR of 12. The global electric car rental market is set for an electrifying surge, projecting growth from $8. With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. However, registrations of multi-purpose vehicles have experienced the most. 0. About Us. 65 million from 2022 to 2027. 120. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 64% between. These companies also tried to employ the franchise. 8 billion in 2021 and is expected to reach USD 185. Due to the rising focus to decrease the emission of harmful. 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. 2021-2025. The global electric bike market was estimated to generate USD 14,404. The Europe vehicle rental market was valued at over USD 13. 65 mn during 2022-2027, accelerating at a CAGR of 12. The market is projected to grow from USD 728. New Jersey, N. 5 billion by 2033. 4 Billion in 2021 and is projected to. 1 billion by 2030, with a CAGR of 6. The global electric car rental market is poised to grow by USD 7. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. The global car rental & leasing market size was valued at USD 641. Report Coverage. 2% from 2020 to 2025. 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. The Europe vehicle rental market size was valued at USD 11. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. The global commercial vehicle rental and leasing market size was valued at USD 77. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. The global car rental market had a market size of $64. 10 billion by 2030, exhibiting a CAGR of 17. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. 21 billion by 2030, exhibiting a CAGR of 7. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 1. 03% during the forecast period. Historic period. This press release features multimedia. Shift towards Electric/Hybrid. By 2025 electric vehicles (EVs) will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040. Other factors that help in the growth of this market are an expansion of fleet sizes, a. Electric Car Rental Market Scope. The Electric Car Rental market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026. The report also provides and outlook on key market trends and leading players. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. 39 Billion in 2023 to USD 34. 15% during the forecast period (2023-2028). 5 billion in 2019 to 10. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. 49% CAGR and will total USD 119. UK: forecast public charging revenue per electric vehicle 2016-2027. Accelerate at a CAGR of 11. 7% of the global light-duty vehicle (LDV) fleet in 2020 to 31% in 2050, reaching 672 million EVs, predicts the US Energy Information Administration ( EIA ). 01% during the forecast period. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. Three underlying reasons explain this trend:. The report covers various aspects including Business Models,. Clean energy and improved. . 2. 28 billion in 2021, and it is expected to reach USD 223. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. Emerge as Key. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 14 billion during 2020-2024. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. Apr 25, 2023 (The Expresswire) -- Global "Electric Car Rental Market" [2023-2030] Research Report furnishes an industry overview, encompassing significant. Advance Market Analytics published a new research publication on "Electric Car Rental Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable. Fortune Business Insights™ presented this information in an upcoming report, titled, “Luxury Car Rental Market Size, Share & Industry Analysis, By Rental Type (Business, Leisure), By Booking. 64% between 2022 and 2027. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. . A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. 65 million from 2022 to 2027. 2 Million, at a CAGR of 15 % by 2030 | Wattacars, Blueindy, Zipcar, Zoomcar NEW YORK, NY, UNITED STATES, April 18, 2023. The global market size was valued USD 24. Shift towards Electric/Hybrid. In July of 2021,. 08, 2021 (GLOBE NEWSWIRE) -- Car Rental Market Analysis/Car Rental Market Trends. The attractive incentives being offered by the. 6% in terms of fleet size from rental segment during. , BlueIndy LLC, and Enterprise Holdings Inc. Page number. the growth momentum will progress. 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. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. 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. EV sales are expected to continue strongly through 2023. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. Growth momentum & CAGR. Page number. The analysts forecast the global electric car rental market to grow at a CAGR of 11. 65 mn during 2022-2027, accelerating at a CAGR of 12. The global electric car rental market is set for an electrifying surge, projecting growth from $8. The latest market research report by Technavio on the global electric car rental market predicts a CAGR of around 11% during the period 2017-2021.