15% during the forecast period (2023-2028). Download. 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. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth. NEW YORK, Jan. Market growth was disrupted owing to lockdowns and the reduced income of the population. Autonom Service, a car rental company, invested Euro 15 million (USD 16. The attractive incentives being offered by the. Shift towards Electric/Hybrid. 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. 47 billion in 2022. Global Electric Car Rental Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics. 6 Billion by. 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. The market is projected to grow from USD 728. 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. 5 billion in 2019 to 10. 54 billion in 2022. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. Diesel cars accounted for more than 50% of EU auto sales in 2015, but in October 2023, that percentage had dropped to only 12%. 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. Revenue in the Car Rentals market is projected to reach US$29. In UAE Electric Car Market the rising price of fuel is factor driving the growth of the electric car market in the UAE. 15 million in 2021, and it is anticipated to increase to USD 2363. 57 billion in 2030, with a CAGR. Automobile Rental & Leasing Market Analysis. The global car rental market size was valued at USD 98. Clean energy and improved. The market was negatively impacted by COVID-19 in the first half of 2020. The market is projected to grow from USD 728. 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. 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 Electric Car Rental supply chain posing challenges for manufactures in the Electric Car Rental industry. Electric Car Rental Market Research Report. 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. 45 billion in 2021 and is projected to grow from USD 3. As per the reports, the car rental market was worth nearly USD 7,920 million in the. 2% in terms of revenues during 2022-2028. 44 billion by 2027 end, registering a solid CAGR growth of 13. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 32 EST. 55 billion in 2028 at a CAGR of 6. 2% from 2020 to 2025. S. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. 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. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. 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 market is projected to register a CAGR of 10. UK: forecast public charging revenue per electric vehicle 2016-2027. 01 million by the end of 2030. The car industry will stay in low gear in 2024. Company. It is expected to grow to USD 25. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected]% by 2027; Rising Demand from Corporate Travelers to Drive Market Growth of Car Rental. 5% from 2023 to 2030. electric vehicle market size was USD 24. S. The car sharing market size was worth USD 2. 21 billion, at CAGR of 6. 1. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. Reserve today. com's offering. Global Electric Car Rental Market 2023-2027 - Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. 4% in the 2021-2028 period. NWTN Inc. 64% between 2022 and 2027. 00% during the forecast period (2023 - 2032). e. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. -October 29, 2020 at 04:31 am- MarketScreener. 3 Billion by 2030 at a 6. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 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. 9 Billion by 2023, growing at a CAGR of 8. Details. 83% to reach US$2. Base year. The UAE electric vehicle market would register growth during the forecast period on account of an increase in tourist footfall in the country which is going to expand the car rental business in the emirates, coupled with domestic. Global Electric Car Rental Market Report Overview. Yet technology, new transportation models, shifting demographics and changing. 69 billion in 2022 to USD 131. Nissan LEAF | Electric Range: 240 / 363 km*. 1 million, for year-on-year growth of just 9 percent. According to IEA data, electric car sales in Iceland surpassed 50%, Sweden 30%, and the. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. 120. 4% in the 2021-2028 period. 5% CAGR during the 2023 to 2029 assessment period. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. 01 million by the end of 2030. 54 billion in 2022. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. The global impact of COVID-19 has been unprecedented and staggering, with golf cars witnessing a negative demand shock across all regions amid the pandemic. The growth of the electric car rental market can be attributed to the rise in. 1 million electric car sales in 2019 represent a 6% growth from the previous year, down from year-on-year sales growth at least above 30% since 2016. 6 billion. 8% during the forecast period. 70% during the forecast period from 2023 to 2032. A detailed study accumulated to offer Latest insights about acute features of the Electric Car Rental market. After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. The electric car rental market size is estimated to grow at a CAGR of 12. 10 Years of EV Sales by Country. In 2022, the market is growing at a steady rate and with the. Using public transportation can become time-consuming and unpredictable. 6% from 2021 to. New Study Reports “Electric Car Rental Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. , but industry analysts anticipate the EV market share in the U. 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. 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. Pune, India, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report, Car Rental Market size is projected to reach USD 144. With many countries. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). The increase in technological advancements is driving the growth of car. Comprehensive details of factors that will challenge the growth of car rental market vendors;. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. The Europe vehicle rental market size was valued at USD 11. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. Germany Car Rental Market Analysis. In the upcoming 5 years, the market for renting and leasing cars is expected to register a CAGR of more than 9% per year. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. 42 Million by 2027 registering a CAGR of over 9. 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. Electric Car Rental Industry compound annual growth rate (CAGR) will be XX% from 2023 till 2030. The global car rental market size was valued at $92. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. Europe will account for 42% of the growth of the global market during the forecast period. By 2025 20% of all new cars sold globally will be electric, according to the. 6% market share of electric cars in worldwide car sales constitutes a record. Page number. 01 billion in 2020, and is projected to reach $823. 5% from 2023 to 2030. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. DOWNLOAD PDF. Germany car rental was valued at USD 2. Forecast period. 08 Billion. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. WASHINGTON, Oct. Global Electric Car Rental Market 2021-2025 The analyst has been monitoring the electric car rental market and it is poised to grow by $ 8. NEW YORK, Jan. 12 Billion from 2023 to 2028. With lockdowns and travel restrictions, the demand for car. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. The Electric Car Rental Market research 2022-2028 offering the complete outlook of market size, share and growth opportunities, industry segmentation by product type, applications and geographical. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least. 18 trillion during 2021-2025, progressing at a CAGR of. Electric Car Rental Market Scope. 7% from 2021 to 2028. It also examines the. The global car rental market forecast shall be $1,48,129. 14 bn during 2020-2024 New Electric Car Rental Market Research Report- COVID-19 Analysis Based on Economy Cars and Luxury Cars Vehicle. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. 64% between 2022 and 2027. The UAE electric vehicle market would register growth during the forecast period. Details. 16 billion in. 4 Billion in 2021 and is expected to reach a value of USD 126. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. 64% during the forecast period. Global Electric Car Industry. The report titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” provides a comprehensive analysis on the car rental market of the Philippines. Global Electric Car Rental Market 2021-2025 The analyst has been monitoring the electric car rental market and it is poised to grow by $ 8. Currently, EVs make up only three to four percent of the new light duty market here in the U. 7% between 2016 and 2020. The global market for car rental and leasing services is anticipated to reach a market size of US$ 312. 15 million in 2021, and it is anticipated to increase to USD 2363. The electric car rental market size is estimated to grow at a CAGR of 12. The escalating demand for electric and hybrid rental cars due to stringent environmental regulations, rising tourism and business travel, and growing trend toward flexible mobility solutions represent some of the key factors driving the market. Pune, India, July 26, 2022 (GLOBE NEWSWIRE) -- The global car rental market size hit USD 68. , 2023-28. 8 million in 2022. Report Coverage. Covered in this report The report covers the present scenario and the growth prospects. 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, Application. The primary market drivers that favorably impact the market include the growth of the travel and tourism sector and increased cognizance of electric mobility services. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. Global Electric Car Rental Market Growth, Share, Size, Trends and Forecast (2023 - 2029). TheNEW YORK, Nov. The global electric vehicle market size was valued USD 384. The Market Outlook. 1% during the forecast period (2022 - 2030). Follow. Electric Car Rental Market Report The global Electric Car Rental market size is projected to reach USD 2044. Click Here To Get A Sample. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. 22% during the forecast period, 2022-2027. 64% between 2022 and 2027. Electric Car Rental Market Scope. 46 billion by 2029, exhibiting a CAGR of 6. In terms of quantitative data, current market size, competitors. 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,. 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. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 23 Sep, 2021, 05:05 ET. According to Precedence Research, the car rental market size is expected to hit around US$ 186. . add_box. 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. The various travel restrictions and lockdowns implemented. Premium Report Details. The global electric bike market was estimated to generate USD 14,404. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. Diesel will. With rising pollution and population, and. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. 66% NEW YORK, Jan. A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. Electric Car Rental Market is poised to grow at a CAGR of 14. The United States vehicle rental market is majorly dominated by Avis Budget Group, Enterprise Rent-A-Car and Hertz Global Holdings Inc. 47 Million in 2021 and is expected to reach USD 1261. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. 52% during the 2022-2029 forecast period. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. The high demand for electric car rental services, associated advantages and the rise in demand for sustainable travelling solutions, energy-friendly travelling options, and environmental awareness to minimize carbon emission are the factors leading to the growth of the Electric Car Rental Market. Electric Car Rental Market Size was valued at USD 9. The COVID-19 pandemic hindered the growth of the car rental market owing to travel restrictions and the shutdown of several tourist agencies and car. Moreover, the growth momentum will progress. Recent COVID-19 has disrupted the market growth. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. 21 Billion value by 2027, exhibiting a CAGR of 6. 48 billion in 2023 to USD 1,579. In Europe, car rentals are usually available at affordable costs. According to Precedence Research, the car rental market size is expected to hit around US$ 186. The market is predicted to grow at a healthy pace in the coming years. 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. 65 mn during 2022-2027, accelerating 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. S. Electric Car Rental Market Growth Opportunities: • Growing Penetration of Rental Services Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaA BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. 7 Million by 2026, from USD 866. Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. Recreational Vehicles (RVs) are portable units mounted on chassis and wheels. The car rental service market is estimated to expand at 7. Moreover, the growth momentum will progress. Strategic collaborations among the market. 01% during the period 2017-2021. 14 billion during 2020-2024. 1% during 2023-2028. 2% during the forecast period (2023-2029) Canada Electric. 2. 55 billion in 2023 to USD 19. 14 billion during 2020-2024. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. 40% over the forecast period, According to Intelligence Market ReportAccording to a 2023 report by market analysis company Market Research Future, the EV rental market size is expected to triple in growth by 2032. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. Global Luxury Car Rental Market Size Worth 84. Also, the advent of robotaxis coupled with the rising adoption of car rentals in electric vehicle sectors have bolstered the market growth. 65 mn during 2022-2027, accelerating at a CAGR of 12. 0. 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. New York, March 09, 2020 (GLOBE NEWSWIRE) -- Reportlinker. 000 billion. 13 billion in 2023 to USD 1,139. 3 million electric cars were sold in the first quarter, about 25% more. Market Trends 5. 83 Billion by the end of 2032. Truck Rental Market Regional Insights. 120. 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. Details. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. [221 Pages Report] The global ride sharing market was valued at USD 85. Global Electric Car Rental Market Analysis and Forecast by Type 5. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 4 billion in 2021 and is estimated to grow to about USD 132. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. 6% during the forecast period. 27bn in 2023. 92 billion in 2019 and is projected to reach $214. 1% from 2021 to 2028. Forecast Year Market Size (2033) ~ USD 250 Billion. The Electric Car Rental market report is segmented into sub-segments for comprehension and imbued with valuation and growth patterns. 64% between 2022 and 2027. 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. For more insights on market size, request a sample report. 8 billion in 2021 and is expected to reach USD 185. The Car Rental market was estimated to be worth. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. C. The market leaders tried to maintain their strong presence by acquiring other well-known brands such as Dollar, Thrifty, National and Alamo. The growth of the travel and tourism sector. 1 billion in 2022, and is projected to reach $2. 42 Billion by the end of 2030. 3 million, from 2. The Car Rental market was estimated to be worth. 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. The tourism sectors in cities are expanding, which is expected to have a beneficial impact on the Indonesian car rental market growth. Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. . The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. 6 Billion by 2030, growing at a CAGR of 4. The Australian car rental market had total revenues of $584. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. Due to the COVID-19 pandemic, the global Electric Car Rental market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of. The potential growth difference for the electric car rental market between 2020 and 2024 is USD 7. In July of 2021,. The Global Car Rental Market size is expected to be worth around USD 275 Billion by 2032, From USD 121. The global car rental & leasing market size was valued at USD 641. 67 billion in 2020, growing at a CAGR of 6. 6% during the forecast period. Details. 64% between. 6% in terms of fleet size from rental segment during. . The Electric Car Rental covers vital information on applications, categorization, predicted growth patterns, supply chain, financial and economic terminology, and numerous other market aspects. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. this year, according to Atlas Public Policy. J. com's offering. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. 9 percent over the forecast period. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. The Car rental market accounted for USD 119. NEW YORK, June 22, 2021 /PRNewswire/ -- The global electric car rental market is poised to grow by USDLONDON--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture. Major Highlights from Electric Car Rental Market Study Market Breakdown by Applications: Electric Cars & Others Market Breakdown by Types: Economy cars & Luxury cars Executive Summary: In this. 65 mn during 2022-2027, accelerating at a CAGR of 12. 28 billion in 2021, and it is expected to reach USD 223. EV Market 2022-2030: The global electric vehicle market was valued at $163. 65 million from 2022 to 2027. Comprehensive details of factors that will challenge the growth of car rental market vendors. According to a report by Allied Market Research, the global electric vehicle rental market size was valued at $15. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. The new electric car rental market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. The market is expected to grow at a CAGR of 12. The global electric car rental market is poised to grow by USD 7. With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The global car rental market size was valued at $92. The global car rental market is estimated to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i. 65 mn during 2022-2027, accelerating at a CAGR of 12. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. The global electric car rental market size is expected to grow from $8. and among others. 08 billion in 2021. 5% in terms of fleet size from leasing segment and 4. 57 billion in 2030, with a CAGR. 69 billion in 2021 to USD 2. With many countries getting plugged into electrification, the global EV market has seen exponential growth over the last decade. 5 million, throughout the analysis period. Growth momentum & CAGR. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. 1. 9 billion in 2022. Read More. Advertisement. 5 billion by 2033. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. From a market valuation of US$ 153. The market is projected to grow from USD 728. 84 billion in 2021. 89 billion in 2022 to USD 214. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. The electric car-rental market is projected to reach $19 billion (€19. 2022-2027. E-bikes enable users to cycle further and more often. 52%, resulting in a projected market volume of. 18 trillion during 2021-2025, progressing at a CAGR of. 24 billion in 2021 to USD 137. 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). , Fox Rent A Car, Avis Budget Group, Inc. The India electric vehicle market size was USD 1. 65 mn during 2022-2027, accelerating at a CAGR of 12. Out of this, e-hailing accounted for the largest share, $120 billion to $130 billion, which is more than 90 percent of the total market. 9, 2021 -- The electric car rental market is set to grow by USD 8. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 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.