7% from 2020 to 2027. The tourism sectors in cities are expanding, which is expected to have a beneficial impact on the Indonesian car rental market growth. 60%. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. 50 billion in 2022 to $9. announced that it had delivered 20 range-extended electric vehicles (R-EVs) to M93 Car Rental L. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 4m in 2020, representing a compound annual rate of change (CARC) of -15. The global recreational vehicle market size was valued at USD 47. Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. Emerge as Key. 44 billion by 2027 end, registering a solid CAGR growth of 13. 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. The market is projected to grow from USD 28. MRFR also estimates that. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. 2% in terms of revenues during 2022-2028. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. 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 ). 10 years later in 2021, that figure had grown close to 7 million vehicles. Accelerate at a CAGR of 11. Due to the rising focus to decrease the emission of harmful. Moreover, the growth momentum will progress. 7 billion in 2021 and is projected to grow to USD 2. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. The global commercial vehicle rental and leasing market size was valued at USD 77. In UAE Electric Car Market the rising price of fuel is factor driving the growth of the electric car market in the UAE. Read More. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. 120. com's offering. 7% in Q2 of 2021). 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. 8 billion in 2021 and is expected to reach USD 185. 65 billion in 2022 and is projected to grow from USD 500. Against this backdrop of sluggish sales in 2019, the 2. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. The increasing demand. 21 Billion value by 2027, exhibiting a CAGR of 6. A vertical stack of three evenly spaced. 36 billion in 2021 and is forecast to register a CAGR of 7. The market is expected to grow at a CAGR of 12. The global electric car rental market is poised to grow by USD 7. Yet technology, new transportation models, shifting demographics and changing. [221 Pages Report] The global ride sharing market was valued at USD 85. L. Electric Car Rental Market Absolute $ Opportunity5. 1. Details. According to our primary respondents’ research, the Electric Car market is predicted to grow at a CAGR of roughly 19% during the forecast period. 2% from 2020 to 2025. Global Electric Car Rental Market Growth (Status And Outlook) 2023-2029. Global electric car rental market - Five forces. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 9 billion in 2022 and is estimated to showcase around 20% CAGR during 2023 to 2032, driven by the rising implementation of stringent government regulations for reducing emissions. 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. , Fox Rent A Car, Avis Budget Group, Inc. The market is driven by factors such as government initiatives to promote sustainable transportation, increasing. 3% during the forecast period. 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. 1% market share. 66% NEW YORK, Jan. Follow. 36% by 2027, the rising. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 24 billion in 2021, and is anticipated to keep leading over the projected period. 84 billion in 2023 to USD 575. 7% in Q2 of 2021). The global car rental market had a market size of $64. The global electric car rental market is forecast to grow by. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. The Europe car rental market is projected to exhibit a growth rate (CAGR) of 12. The global electric vehicle rental market is estimated to garner a substantial revenue and grow at a CAGR of ~7% over the forecast period, i. Europe will account for 42% of the growth of the global market during the forecast period. 80% during 2023-2028 . 54 billion in 2023, boasting a noteworthy Compound Annual. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. Key takeaways. The report offers an up-to-date analysis regarding the cur…Pricing Details. 64% between. 1% from 2022 to 2030. The growth of the electric car rental market can be attributed to the rise in. , Jan. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. 01% during the period 2017-2021. 9 percent over the forecast period. 43 billion in 2028 at a CAGR of 25. The electric car rental market size is estimated to grow at a CAGR of 12. 65 million from 2022 to 2027. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. Electric vehicles are gaining popularity and market share. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. That’s a huge decline from. 69 billion in 2021 to USD 2. 54 billion in 2022 to USD 137. 83 Billion by the end of 2032. The car rental industry in Dubai alone accounted for 23. The global Electric Car Rental market focuses on encompassing major statistical evidence for the Electric Car Rental industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. 4% in the 2021-2028 period. 4% during 2021-2026. 01 Million) for the expansion of electric and hybrid car rental services across Romania. Electric Car Rental Market Report 2022 focuses on company overview with market characteristics, geographical representation of industry size, share and growth analysis with revenue details and. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. 21 billion by 2030, exhibiting a CAGR of 7. 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. 55 billion in 2028 at a CAGR of 6. The attractive incentives being offered by the. 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. 21 Billion value by 2027, exhibiting a CAGR of 6. 42 billion in 2021. Europe will account for 42% of the growth of the. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 50 billion in 2022 to $9. 08 billion in 2021. 65 million. The Global Electric Car Rental Market will grow by USD 7. Western Europe is projected to account for 44% of car rental. Executive summary. The market value is slated to rise from USD 82. 65 mn during 2022-2027, accelerating at a CAGR of 12. Close. 7%. . 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. 23, 2021 /PRNewswire/ -- The global car rental market size is anticipated to reach USD 141. The car rental industry has undergone a drastic transformation over the past few. 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 market is projected to grow from USD 728. Car rental is the service of renting automobiles for a specified period of time, either through offline or online channels. . Key takeaways. The global electric car rental market is set for an electrifying surge, projecting growth from $8. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. 27bn in 2023. New Jersey, N. UK: forecast public charging revenue per electric vehicle 2016-2027. The global car rental & leasing market size was valued at USD 641. Canada Electric Car Market volume was 38576. NWTN Inc. 8% during the forecast period. 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. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least. . 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. 14 bn during 2020-2024. 13 billion in 2021, and it is expected to reach USD 20. Forecast period. Car Rental Market Size was valued at USD 107. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. Moreover,. EV Market 2022-2030: The global electric vehicle market was valued at $163. The electric car rental market size is estimated to grow at a CAGR of 12. New Study Reports “Electric Car Rental Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. Car rental market growth accelerated by rising growth of the travel and tourism sector and increased awareness about electric mobility servicesNew York, US, April 30, 2023 (GLOBE NEWSWIRE. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. Follow. The 2. 2% from 2021 to 2030. The Automotive Rental and Leasing Market is made up of organizations, sole traders, and partnerships that rent or lease cars, trucks, vans, utility trailers, and recreational. 1. Base year. 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. It is bigger than it looks and has enough. Pune, India, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report, Car Rental Market size is projected to reach USD 144. In contrast, the United States market for BEVs. 1 million, for year-on-year growth of just 9 percent. The U. For example, sales of EVs grew by 15 per cent in 2019 compared to 2018, driven by the growth of BEVs in Europe (+93 per cent), China (+17 per cent) and ‘other’ regions (+22 per cent). 2 Billion in 2022. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market. The global electric car rental market is fragmented, and the five forces analysis covers–The Electric Car Rental Market report upholds the future market predictions with market size, revenue, production, Consumption, gross margin and other substantial factors. Electric Car Rental Market Scope. 50 billion in 2022 to $9. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. It provides majorly two types of information qualitative and quantitative. Electric cars earned a record-high the market share of 75% in Norway, up about one-third from 2019. The electric car-rental market is projected to reach $19 billion (€19. 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. Electric vehicles will grow from 0. New Jersey, NJ — — 05/18/2022 — The Latest research study released by HTF MI "Global Electric Car Rental Market Growth (Status and Outlook) 2022-2030" with 101+ pages of analysis on business. 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. NEW YORK, Jan. A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. Growth in the electric-vehicle market has slowed. 12 Billion from 2023 to 2028. 14 billion during 2020-2024. Indonesia Car Rental Market - Growth, Trends, Covid-19 Impact, and Forecasts. The China Electric Vehicles Market size is expected to grow from USD 260. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast. 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. The Car Rental. 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. com's offering. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 6% during the forecast period. 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). 7%. 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. 04 billion by 2027, registering a CAGR of 10. Electric Car Rental Market was valued at USD 9. 2% from 2020 to 2025. Using public transportation can become time-consuming and unpredictable. The electric-vehicle land grab is reshaping economies and challenging political allegiances. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. 7 Billion by 2028, exhibiting a growth rate (CAGR) of 3. 49% between 2020-2025. Forecast period. In Q2 2022, EV sales accounted for 5. The global car rental market is predicted to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period. 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. 24 billion in 2021 to USD 137. Western Europe’s growth. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. 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. 24 billion in 2021 to USD 137. In Europe, car rentals are usually available at affordable costs. 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. 25% during the forecast period. 1 million, light-duty vehicles accounted for 9 out of every 10 motor vehicles registered in 2021, with passenger cars remaining the most common type. 00% during the forecast period (2023 - 2032). 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. 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. J. The Electric Car Rental covers vital information on applications, categorization, predicted growth patterns, supply chain, financial and economic terminology, and numerous other market aspects. In. , but industry analysts anticipate the EV market share in the U. 08 Billion. 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. A detailed study accumulated to offer Latest insights about acute features of the Electric Car Rental market. 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. 64% between 2022 and 2027. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 64% between 2022 and 2027. As for South America and Middle East & Africa , the construction equipment rental market is emerging. The Global Car Rental Market is forecast to grow. The environmental impact of conventional gasoline vehicles and the rise in fuel prices have paved the way for. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. This was over two and a half times more than in 2018. Growth momentum. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. 18 trillion during 2021-2025, progressing at a CAGR of. 65 billion by 2030, exhibiting a CAGR of 4. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. 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. March 20, 2023 13:18 ET | Source: Vantage Market Research. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. The Global Car Rental Market was valued at USD 98. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. 7% during 2022–2030. 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 - Forecast till 2030", The truck rental market can expect to go from USD 107. 6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6. 7% between 2016 and 2020. 39%, resulting in a projected market volume of US$103. 5 billion in 2022. Vehicle rental in Europe is the practice of renting or leasing a passenger car or commercial vehicle for the short term. To meet a charger-to-car ratio of 7:1 — which the California Energy Commission concluded would be needed to support the state’s goal of 5 million EVs on the road by 2030 — the entire country. S. That will be up from 7. 5 million electric cars, has the largest fleet. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. 3% during the forecast period. The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i. electric vehicle market size was USD 24. Electric Car Rental Market Services and Solutions Top Companies, Revenue, Trends and AdvancementsNew York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market. Technavio's analysts forecast the global electric car rental market to grow at a CAGR of 11. com Website: Electric Car Rental Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. 94bn in 2023. 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. Electric Car Rental Market Size was valued at USD 9. 65 mn during 2022-2027, accelerating at a CAGR of 12. 01 million by the end of 2030. 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. Shift towards Electric/Hybrid. The market is projected to grow from USD 728. 8% during 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. It is expected to reach USD 25,956. 72 billion by 2030, exhibiting a CAGR of 15. The total number of road motor vehicles registered in Canada increased to 26. Electric Car Rental Market Research Report Analysis By 2027 | Electric Car Rental Industry Information By Vehicle Type, Application, Service and Region - Forecast till 2027 - News and Updates info@marketresearchfuture. The market is projected to register a CAGR of 10. The various travel restrictions and lockdowns implemented. 43 billion in 2028 at a CAGR of 25. 6 Billion by 2028. 39 Billion in 2023 to USD 34. 0 million by 2029. The global electric car rental market size is expected to reach $17. 13 billion in 2023 to USD 1,139. 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. The global electric car rental market size is expected to grow from $8. Base year. Due to the rising focus to decrease the emission of harmful. 4m in 2020, representing a compound annual rate of change (CARC) of -15. com announces the release of the report 'Global Electric Car Rental Market 2020-2024'. 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. China was the frontrunner once again, accounting for around 60% of global electric car. The. Base year. With lockdowns and travel restrictions, the demand for car. 120. e. Electric vehicles are gaining popularity and market share. Details. The report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. 6 billion. 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. Over 2. Electric Car Rental Market Report The global Electric Car Rental market size is projected to reach USD 2044. The shared-mobility market (as defined in the sidebar) accounted for approximately $130 billion to $140 billion in global consumer spending in 2019 (Exhibit 1). " Cognitive Market Research has recently published the 7th edition of Electric Car Rental Market Report 2023. TheNEW YORK, Nov. and Y-o-Y Growth 4. 1 billion in 2022, and is projected to reach $2. Forecast period. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. 64% between 2022 and 2027. Follow. 6%. To get the exact yearly growth variance and the Y-O-Y growth rate, View Report Snapshot. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. DOWNLOAD PDF. Pune, Feb. and among others. 45 billion in 2021 and is projected to grow from USD 3. 67 billion in 2020, growing at a CAGR of 6. Market Growth Drivers: – Growing demand for a flexible alternative to owning a car without any ties or liability. 64% during the forecast period. March 20, 2023 13:18 ET | Source: Vantage Market Research. 65 mn during 2022-2027, accelerating at a CAGR of 12. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The increase in technological advancements is driving the growth of car. Chapter 3: Electric Car Rental Market Historical (2023-2030) and Forecast (2023-2030) Volume and revenue analysis of Electric Car Rental Market in North America, Europe, Asia-Pacific, Latin. 4 million by 2027, increasing from $92,252. In July of 2021,. 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. 36 billion in 2027 with a CAGR of 15%. Market Size (2027) $134. 40% over the forecast period, According to Intelligence Market Report. S. The global Electric Vehicle Rental market size is projected to reach USD million by 2028, from USD million in 2021, at a CAGR of Percent during 2022-2028. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. Future developments may include increased vehicle autonomy and. 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 intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for Electric Car Rental market growth. Comprehensive details of factors that will challenge the growth of car rental market vendors. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. 6%. com 📞 +1 (855) 661-4441(US) 📞. 27 thousand units in 2022 and is expected to reach 139,846. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 89 billion in 2022 to USD 214. Follow. Lower emissions, not standards. 36% of the worldwide market. A significant rise in the number of people taking business and leisure trips across the globe is driving the demand for car rental services, thereby propelling the industry’s. Electric Car Rental Industry compound annual growth rate (CAGR) will be XX% from 2023 till 2030. 75 billion by 2030, registering a CAGR of 18. 3% during the forecast period. Official forecasts for electric car take-up have been slashed.