MarkNtel Advisors recently published a report, titled, ” Global Car Rental Market By Booking Mode (Offline, Online), By Application (Leisure, Business), By Vehicle Type (Luxury, Economy Cars, Executive Cars, Sports Utility Vehicles [SUVs], Multi Utility Vehicles[MUVs]), By Rental Category (Local, Airport, Outstation), By Driver Type (Self-Driving, Chauffeur), By Rental Duration (Short Term, Long Term),. As per as the report The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.
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Global Car Rental Market Key Trends:
Integration of Advanced Telematics to Car Rental Software to Create New Trends – Currently, car rental companies are increasingly integrating telematics to gain insights into fleet performance, driver behavior, and maintenance needs. For instance, in 2021, RentalMatics announced an integration with TSD Mobility Solutions’ car rental software system. The use of telematics is also helping rental companies to improve their customer’s experience as it provides real-time information about estimated arrival time & vehicle location.
Along with this, advanced telematics helps rental companies by alerting the potential risks of thefts, accidents, and unauthorized use. Owing to this, the integration of advanced telematics is expected to continue to be a prominent factor in influencing market growth in the future.
Leading Companies in Global Car Rental Market:
Avis Budget Group, Sixt SE, Enterprise Holdings (Alamo), Hertz Corp., Europcar, Localiza, Carzonrent India Pvt. Ltd. (CIPL), ZoomCar, Inc., Dollar Rent a Car, Green Motion, Buchbinder, Others.
Global Car Rental Market Segmentation:
By Booking Mode
-Offline
-Online
By Application
-Leisure
-Business
By Vehicle Type
-Luxury
-Economy Cars
-Executive Cars
-Sports Utility Vehicles (SUVs)
-Multi Utility Vehicles (MUVs)
By Rental Category
-Local
-Airport
-Outstation
By Driver Type
-Self-Driving
-Chauffeur
By Rental Duration
-Short Term
-Long Term
Get Full Access Of Global Car Rental Market Report : https://www.marknteladvisors.com/research-library/car-rental-market.html
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Car Rental Market are:
•What is Global Car Rental Market?
•What was the market size in 2023?
•What is the growth rate of the Global Car Rental Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Car Rental Market?
•What segments are covered in the Market?
•Who are the key players in the Global Car Rental Market?
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