3 million, from 2. The Global Car Rental Market was valued at USD 98. 42 Million by 2027 registering a CAGR of over 9. 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. The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. 75 billion by 2030, registering a CAGR of 18. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends,. 22, 2023 (GLOBE NEWSWIRE) -- The . " Global "Electric Car Rental Market" [NEW. 10 Years of EV Sales by Country. According to our primary respondents’ research, the Electric Car market is predicted to grow at a CAGR of roughly 19% during the forecast period. The global recreational vehicle market size was valued at USD 47. 39 million by 2028, indicating a Compound Annual Growth Rate. 67 billion in 2020, growing at a CAGR of 6. Key takeaways. and among others. In 2019, electric-vehicle (EV) sales set another sales record globally, and EVs became much more prominent in the public awareness in major. 91 billion in 2023 at an impressive. “EV growth is here to stay, so we will see more EVs in all parts of our automotive. 6% of the total auto market (up from 2. The Russia. 3% of new. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. NEW YORK, Nov. Over 2. 21 billion, at CAGR of 6. 92 Billion in 2022 and is expected to. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. In UAE Electric Car Market the rising price of fuel is factor driving the growth of the electric car market in the UAE. . . 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. -October 29, 2020 at 04:31 am- MarketScreener. As for South America and Middle East & Africa , the construction equipment rental market is emerging. 64% during the forecast period. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. Indonesia has the largest auto leasing market and car rental market in South East Asia. Pune, India. 4m in 2020, representing a compound annual rate of change (CARC) of -15. Strategic collaborations among the market. Trend 1: Europe continues to lead EV adoption. The global electric car rental market is forecast to grow by. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. What are the future trends you foresee in this market over the. Electric Car Rental Market was valued at USD 9. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. 94bn in 2023. Details. 1 billion by 2026, at a CAGR of 16. 99%, resulting in a projected market volume of. 14 billion. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. An electric bike is a bicycle with a motor and rechargeable batteries that assist the rider and alleviate some of the pressure of pedaling. The global car rental market size was valued at $92. The Global Electric Car Rental Market will grow by $7. 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 Electric Car Rental Market is poised for continued growth. The global electric car rental market is set for an electrifying surge, projecting growth from $8. 1% during the forecast period (2022 - 2030). Car Rental Market Outlook (2023 to 2033) The global car rental market is predicted to expand at an impressive CAGR of 9. 36% of the worldwide market. 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. 69 billion in 2021 to USD 2. The attempt to get close to various pointers of the Global Electric Car Rental Market has led. Click Here To Get A Sample. Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry, the car rental market in the Netherlands has ample growth potential in the coming years. . Growth momentum & CAGR. 3% during the forecast period. The study report offers a comprehensive analysis of Global Electric Car Rental Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth. 7% from 2020 to 2027. 13 billion in 2023 to USD 1,139. 67 billion in 2020, growing at a CAGR of 6. Future developments may include increased vehicle autonomy and. The global car rental market forecast shall be $1,48,129. 1 billion by 2032, growing at a CAGR of 6. The market is driven by factors such as government initiatives to promote sustainable transportation, increasing. The global commercial vehicle rental and leasing market size was valued at USD 77. 65 mn during 2022-2027, accelerating at a CAGR of 12. Total annual revenue for carsharing in the U. 19, 2022 (GLOBE NEWSWIRE) -- According to a report by Vantage Market Research, the Global Electric Vehicle Market was worth USD 165. North America to Have Lions Share in Car Rental Market By region, the car rental market covers growth opportunities and the latest trends across Europe, the Asia Pacific (APAC), North America, and. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian Ambrose Wed 22 Nov 2023 13. 83% to reach US$2. . 21 billion in 2022 to USD 113. The Europe vehicle rental market size was valued at USD 11. EV sales are expected to continue strongly through 2023. The market is projected to grow from USD 28. 59 billion by 2030 from valued at US$ 95. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. 1% during 2023-2028. C. 42 billion by 2027, registering a CAGR of 14. 89 billion in 2022 to USD 214. Reserve today. 50 billion in 2022 to $9. electric vehicle market size was USD 24. Latest Market Analysis Research Report on “Global Electric Car Rental Market 2020” has been added to Wise Guy Reports database. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. . In addition to this, the market generated. Related Reports. The increasing demand. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 54 billion in 2022. They accounted for 88. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. 1 Billion in 2021 and is expected to be. that we believe will shape the market over the coming decade. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. 65 billion in 2022 and is projected to grow from USD 500. Market Research Future (MRFR) expects the global electric vehicles market to reach USD 893. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. 1% from 2021 to 2028. Follow. 7 billion in 2021 and is projected to grow to USD 2. 9 billion in 2022. A detailed study accumulated to offer Latest insights about acute features of the Electric Car Rental market. Global Luxury Car Rental Market Size Worth 84. A detailed market share and penetration of different types, processes, and geographies in the Electric Car Rental market from 2001 to 2028 is included. 7 Million by 2026, from USD 866. 65 mn during 2022-2027, accelerating at a CAGR of 12. , 2023-28. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least. 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 total number of road motor vehicles registered in Canada increased to 26. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. 08 billion in 2021. This report provides a detailed historical analysis of the global Electric Car Rental Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and. 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. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. 5 Billion by 2027 at a CAGR of 21. 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. The Electric Vehicle. Chapter 2: Exclusive North America accounted for the largest share in the Electric Car Rental market in 2022 owing to the increasing collaboration activities by key players over the forecast. 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. Download. 18 trillion during 2021-2025, progressing at a CAGR of. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. com's offering. 69 billion in 2022 to USD 131. Growth momentum & CAGR. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 96 million by 2033, growing at a CAGR of 5. Further, the market generated a revenue of USD 100 billion in the year 2022. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. 6% in terms of fleet size from rental segment during. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. China was the frontrunner once again, accounting for around 60% of global electric car. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. Report Coverage. 26 billion in 2023 to USD 63. In terms of quantitative data, current market size, competitors. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 527 million in 2027 from US$2,309. 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. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. According to a report by Allied Market Research, the global electric vehicle rental market size was valued at $15. 22% during the forecast period, 2022-2027. 7 Billion by 2028, exhibiting a growth rate (CAGR) of 3. 10 Years of EV Sales by Country. As the world transitions towards a sustainable future, the electric car rental. Snapshot Table of contents Methodology Electric Car Rental Market Report 2023-2027 The electric car rental market size is estimated to grow at a CAGR of 12. 21 Billion value by 2027, exhibiting a CAGR of 6. According to the research report, “Indonesia Car Rental Market Outlook to 2021 – Rising Tourism and Growing Middle-Class Population to Foster Future Growth” expresses that the market is driven by the increasing number of foreign travellers daily. 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. 2020. Growth momentum. The demand for car rental services is being driven by a significant uplift in the number of people traveling for both business and pleasure all over. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 79 Billion in 2021 and is projected to reach USD 125. EV Market 2022-2030: The global electric vehicle market was valued at $163. 01 billion in 2020, and is projected to reach $823. For more insights on market size, request a sample report. 2021-2025. 47 billion in 2022. Shift towards Electric/Hybrid. 8, 2022 /PRNewswire/ -- The electric car rental market is fragmented. 2% during the forecast period (2023-2029) Canada Electric. 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. Other factors that help in the growth of this market are an expansion of fleet sizes, a. 15 million in 2021, and it is anticipated to increase to USD 2363. 25. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. 2% from 2021 to 2030. 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. S. 157. Electric Car Rental Market Highlights Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. Electric vehicles are gaining popularity and market share. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. 49% CAGR and will total USD 119. 46 billion by 2030, exhibiting a CAGR of 6. 24 billion in 2021, and is anticipated to keep leading over the projected period. 49% between 2020-2025. Report Coverage. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. 21 billion by 2030, exhibiting a CAGR of 7. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 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. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. 771 million in 2020. Press release - Researchmoz - Electric Car Rental Market ? Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2026 including Top Players ALD Automotive, Arval, Sixt, Europcar. 7% from 2020 to 2027. The report offers an up-to-date analysis regarding the. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. 6. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “ Electric Car Rental Market. 08 Billion. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. 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 size was valued at $92. . The environmental impact of conventional gasoline vehicles and the rise in fuel prices have paved the way for. EV Market 2022-2030: The global electric vehicle market was valued at $163. The market leaders tried to maintain their strong presence by acquiring other well-known brands such as Dollar, Thrifty, National and Alamo. 62 billion in 2020 and is projected to grow from USD 1. Over the long term, the car rental market's growth is favorable due to stringent government legislation on purchase and car driving in the country. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. The ”Electric Car Rental Market” report provides a comprehensive analysis of growth opportunities in various segments and sub-segments. The electric car-rental market is projected to reach $19 billion (€19. The Electric Car Rental market report is segmented into sub-segments for comprehension and imbued with valuation and growth patterns. 000 billion. Economy & mid-sized sedans and compact SUVs accounted for around 80% of the combined rental and lease fleet. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. The electric car rental market size is estimated to grow at a CAGR of 12. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. 6% during the forecast period 2021-2026. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. 2% in terms of revenues during 2022-2028. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. Electric Car Rental Market Research Report. 47 Million in 2021 and is expected to reach USD 1261. March 20, 2023 13:18 ET | Source: Vantage Market Research. Global Electric Car Rental Market Growth (Status And Outlook) 2023-2029. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. 14 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. The UAE Electric Vehicle Market size is projected to grow at a CAGR of 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. The India E-Bike Rental market is valued at USD 5 million and is expected to hit USD 10 million by registering a CAGR of over 12. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth. This paves the way for remarkable growth in the global car rental market over the forecast period. 4% during 2021-2026. Lower emissions, not standards. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future. DOWNLOAD PDF. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. Due to the rising focus to decrease the emission of harmful. 2% from 2020 to 2025. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast. Market Trends 5. March 20, 2023 13:18 ET | Source: Vantage Market Research. Shift towards Electric/Hybrid. 65 mn during 2022-2027, accelerating at a CAGR of 12. Global Electric Car Rental Market Report Overview. 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 format. e. Official forecasts for electric car take-up have been slashed. With lockdowns and travel restrictions, the demand for car. Forecast period. Diesel will. 01 billion in 2020, and is projected to reach $823. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). Premium Statistic Retail market share of car brands in Indonesia 2022 Current development Premium Statistic Market share in automotive industry of Astra International in Indonesia 2022, by typeIn 2019, the electric bicycle market was estimated at $15. Western Europe’s growth. 1. 0. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 2022-2027. 84 billion in 2023 to USD 575. 7% in Q2 of 2021). electric vehicle market size was USD 24. According to the Market Statsville Group (MSG), the global car rental market size is expected to grow from USD 99,430. 57 billion in 2030, with a CAGR. 4 billion in 2021 and is estimated to grow to about USD 132. NEW YORK, Aug. 75 billion by 2030, registering a CAGR of 18. The tourism sectors in cities are expanding, which is expected to have a beneficial impact on the Indonesian car rental market growth. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and is recovering strongly from the economic crisis after pandemic. It is bigger than it looks and has enough. 5 million, throughout the analysis period. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 1. 15 million in 2021, and it is anticipated to increase to USD 2363. 7% in Q2 of 2021). The global car rental market size reached US$ 79. Moreover, the growth momentum will progress. The growth of the electric car rental market can be attributed to the rise in demand for eco-friendly vehicles and the decrease in the cost of ownership. 64% between 2022 and 2027. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. Electric Car Rental Market Scope. New Jersey, N. Pune, Feb. This kicked off a price war in the segment that dragged down the value of new EVs from Ford and GM. NEW YORK, Jan. Electric Car Rental Market Absolute $ Opportunity5. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. The same year, pedal-assisted electric bicycles dominated the market by propulsion type. METHODOLOGY. Western Europe is projected to account for 44% of car rental. In Q2 2022, EV sales accounted for 5. The global car rental & leasing market size was valued at USD 641. 8% during the forecast period. add_box. The COVID-19 pandemic hindered the growth of the car rental market owing to travel restrictions and the shutdown of several tourist agencies and car. Electric vehicles will grow from 0. Forecast period. The Indonesian car rental market is projected to witness a CAGR of 7. Looking forward, IMARC Group expects the market to reach US$ 95. 7% between 2016 and 2020. The average price paid for an electric vehicle in the United States was less than $51,000 in September, according to Cox Automotive. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor. Additionally, the rising number of foreign tourists in the country is. 66%The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. The Car rental market accounted for USD 119. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Car Rental Market. Market Research. The Electric Car Rental Market will grow by USD 7. 50 billion in 2022 to $9. 54 billion in 2022. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. 2020. 5%. 4% from 2021 to 2030. The global electric scooters market size was estimated at USD 33. 65 million. com announces the release of the report 'Global Electric Car Rental Market 2020-2024'. The Global Car care products market was valued at USD 6. UK: forecast public charging revenue per electric vehicle 2016-2027. Report Coverage. 70% during the forecast period from 2023 to 2032. Electric Car Rental Market Scope. 12 Billion from 2023 to 2028. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] the 10 months leading up to October, sales of fully electric. 42 Million by 2027 registering a CAGR of over 9. , Jan. Electric Vehicles market unit sales are expected to. Nissan LEAF. 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. 4 Billion in 2021 and is projected to reach a value of USD 126. Electric cars earned a record-high the market share of 75% in Norway, up about one-third from 2019. this year, according to Atlas Public Policy. 03 billion in 2020.