{"id":553302,"date":"2021-07-19T06:02:01","date_gmt":"2021-07-19T06:02:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=553302"},"modified":"2021-07-19T06:02:01","modified_gmt":"2021-07-19T06:02:01","slug":"car-rental-market-to-grow-at-cagr-of-51-by-2025-due-to-increasing-tourism-and-travel-industry-coupled-with-rising-number-of-business-trips-million-insights","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/car-rental-market-to-grow-at-cagr-of-51-by-2025-due-to-increasing-tourism-and-travel-industry-coupled-with-rising-number-of-business-trips-million-insights_553302.html","title":{"rendered":"Car Rental Market To Grow At CAGR of 5.1% By 2025 Due To Increasing Tourism And Travel Industry Coupled With Rising Number of Business Trips | Million Insights"},"content":{"rendered":"
\"Car<\/a><\/p>\n
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Million Insights – World’s Fastest Growing Market Research Database<\/div>\n<\/div>\n<\/div>\n
According to new report available with Million Insights, the global car rental industry research report offers thorough insights on vehicle type, growth drivers, scope and demand. This research report enables numerous opportunities for the market players to invest in research and development<\/div>\n

The global car rental market<\/a><\/strong> is estimated to attain USD 125.4 billion, by the end of 2025, and is projected to grow at the CAGR of 5.1% over the forecast period, 2019 to 2025, according to a new report by Million Insights, High ownership cost linked with personal vehicles and growing tourism sector is projected to boost the market growth.<\/p>\n

Technology innovations along with increasing penetration of smartphone users are used for paying & booking in rental services. Various companies operating in rental services are using apps to remind & notify consumers regarding their promotional offers such as coupons, and discounts. Consumer demand vehicle service in quick or minimal time, thus the companies are focusing on providing a convenient solution by using IoT enabled solutions. <\/p>\n

To download the sample PDF of Car Rental Market Report “please” click here: https:\/\/www.millioninsights.com\/industry-reports\/car-rental-market\/request-sample<\/a><\/strong> <\/strong><\/p>\n

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Companies in the market focus on various factors like pricing, fleet size, marketing expertise, and location flexibility to remain competitive in the industry. The industry is highly competitive in nature and is making companies to offer quality services to meet consumer needs. Due to the fierce competition, bigger companies are acquiring small players to maintain their position in the market. Different firms have launched their brands at a reasonable price to expand its revenue and reach across the globe.<\/p>\n

Key manufacturers in the market include Europcar, Sixt SE, Avis Budget Group, Enterprise Rent-A-car, and The Hertz Corporation.   <\/p>\n

To browse report summary & detailed TOC, “please” click the link below:
<\/strong>https:\/\/www.millioninsights.com\/industry-reports\/car-rental-market<\/a><\/strong> <\/p>\n

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Further key findings from the report suggest:<\/strong><\/p>\n

• The car rental market is projected to propel at significant rate owing to reduced fuel prices as the international travelling is increasing.<\/p>\n

• Growing consumer awareness about add-on services, and affordable solutions is encouraging companies to offer enhanced services.<\/p>\n

• Airport transport application segment is projected to lead the market by 2025. This growth is attributed to rising air travelling across the world.<\/p>\n

• Bleisure travel that is leisure & business trip combination trend is growing in popularity in tourism sector. This trend is expected to increase the demand for rental services.<\/p>\n

Million Insights has segmented the global car rental market based on vehicle type, application, and region:<\/strong><\/p>\n

Car Rental Vehicle Type Outlook (Revenue, USD Million, 2014 – 2025)<\/strong>
    • Luxury cars
    • Executive cars
    • Economy cars
    • SUVs
    • MUVs<\/p>\n

Car Rental Application Outlook (Revenue, USD Million, 2014 – 2025)<\/strong>
    • Local usage
    • Airport transport
    • Outstation
    • Others<\/p>\n

Car Rental Regional Outlook (Revenue, USD Million, 2014 – 2025)<\/strong>
    • North America
        • U.S.
    • Europe
        • France
        • Germany
        • U.K.
    • Asia Pacific
        • Japan
        • Korea
        • China
        • India
    • South America
    • Middle East & Africa<\/p>\n

Read the Latest Press Releases available with Million Insights:<\/strong><\/p>\n

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• Meal Kit Delivery Services Market<\/a><\/strong>:<\/strong> The global meal kit delivery services market size is estimated to arrive at USD 27.33 billion by 2028. It is projected to develop by 13.0% CAGR from 2021 to 2028.<\/p>\n

About Million Insights<\/strong><\/p>\n

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Million Insights<\/a>
Contact Person:<\/strong> Ryan Manuel
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 91-20-65300184
Address:<\/strong>Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City:<\/strong> Pune
State:<\/strong> Maharashtra
Country:<\/strong> India
Website:<\/strong> https:\/\/www.millioninsights.com\/industry-reports\/car-rental-market<\/a><\/p>\n

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Million Insights – World’s Fastest Growing Market Research Database According to new report available with Million Insights, the global car rental industry research report offers thorough insights on vehicle type, growth drivers, scope and demand. This research report enables numerous … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[407,401,412,415,416],"tags":[],"class_list":["post-553302","post","type-post","status-publish","format-standard","hentry","category-Automotive","category-Business","category-News-Current-Affairs","category-Transportation-Logistics","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/553302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=553302"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/553302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=553302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=553302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=553302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}