36% over the forecast period. This was over two and a half times more than in 2018. The increased presence of top-notch companies and the. GCC Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)The global market for Electric Car Rental in Airport is estimated to increase from USD million in 2023 to USD million by 2029, at a CAGR during the forecast period of 2023 through 2029. 8% by registering a revenue of $30,529. 1. 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. Electric vehicles will grow from 0. 50 billion in 2022 to $9. 65 mn during 2022-2027, accelerating at a CAGR of 12. . It also examines the. 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. 99%, resulting in a projected market volume of. 6% during the forecast period. 2 million in 2021, up 1. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast. Menu. 49% CAGR and will total USD 119. 92 billion in 2022. 69 billion in 2022 to USD 131. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. 54 billion in 2022. The target market holds nearly a. Revenue in the Car Rentals market is projected to reach US$29. Market Trends 5. 7 billion in 2021 and is projected to grow to USD 2. This shows that despite the challenges, the car rental industry is poised for sustainable growth in. Base year. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. Economy & mid-sized sedans and compact SUVs accounted for around 80% of the combined rental and lease fleet. Brazil Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028) The Brazil vehicle rental market was valued at USD 1. Currently, EVs make up only three to four percent of the new light duty market here in the U. 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. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 30, 2023 (GLOBE NEWSWIRE) -- The electric vehicle charging station market size to hit USD 111. 65 million from 2022 to 2027. 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. , but industry analysts anticipate the EV market share in the U. New Jersey, NJ -- -- 07/22/2022 -- 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 Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers,. 75 billion by 2030, registering a CAGR of 18. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. 08 billion in 2021. Clean energy and improved. 25% during the forecast period. 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. The Electric Car market was estimated to be. According to the report, the. Electric Car Rental Market Size, Growth Rate, And Forecast The global electric car rental market size is expected to grow from $8. The passenger vehicle (PV) segment remained dominant with 73. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. The global car rental & leasing market size was valued at USD 641. In 2022, the. 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. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. March 20, 2023 13:18 ET | Source: Vantage Market Research. 32 billion in 2023 to USD 119. Car Rental Platform Market size was valued at USD 89. Looking forward, IMARC Group expects the market to reach US$ 95. 2023-2027. 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. Company. 15% during the forecast period (2023-2028). Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. 2 Million in 2020, at a CAGR of 15. 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. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. 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. Close. 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% during the forecast period 2021-2026. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. Download. 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. Market consumption volumes declined with a CARC of . 47 Million in 2021 and is expected to reach USD 1261. 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. 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. 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. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 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. The Global Car Rental Market size is expected to be worth around USD 275 Billion by 2032, From USD 121. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. 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. The market is expected to grow at a CAGR of 12. 21 billion, at CAGR of 6. Pune, Feb. Global Electric Car Rental Market Report Overview. The Australian car rental market had total revenues of $584. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. 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. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 1% during the forecast period (2022 - 2030). Market Research. 84 billion in 2021. Car rental is the service of renting automobiles for a specified period of time, either through offline or online channels. 7 Million by 2026, from USD 866. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. 120. The report covers the present scenario and the growth prospects of. 7% between 2016 and 2020. 10 Years of EV Sales by Country. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. In 2022, the market is growing at a steady rate and with the. 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 growth momentum will progress. 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. 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. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. The Indonesian car rental market is projected to witness a CAGR of 7. As per the reports, the car rental market was worth nearly USD 7,920 million in the. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. Comprehensive details of factors that will challenge the growth of car rental market vendors. Dublin, Nov. 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 market is projected to grow from USD 728. 3% of new. The India car rental market is projected to grow at a CAGR of 9. The global commercial vehicle rental and leasing market size was valued at USD 77. 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. 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 size is estimated to grow at a CAGR of 12. 65 million from 2022 to 2027. In 2019, electric-vehicle (EV) sales set another sales record globally, and EVs became much more prominent in the public awareness in major. The global electric vehicle market size was valued USD 384. Shift towards Electric/Hybrid. A vertical stack of three evenly spaced. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. The electric car rental market is poised to grow by $11246. In. 1. 21 billion by. 65 mn during 2022-2027, accelerating at a CAGR of 12. 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. Global Luxury Car Rental Market Size Worth 84. e. MRFR also estimates that. Car Rental Market Outlook (2023 to 2033) The global car rental market is predicted to expand at an impressive CAGR of 9. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. The market is projected to grow from USD 12. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. Executive summary. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. 14 billion during 2020-2024. The research report is titled “Electric Car Rental Market research by Types (Economy cars, Luxury cars), By Applications (Electric. 54 billion in 2023, boasting a noteworthy Compound Annual. com Website: 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. Comprehensive details of factors that will challenge the growth of car rental market vendors. 4 Billion in 2021 and is expected to reach a value of USD 126. With many countries. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. Autonom Service, a car rental company, invested Euro 15 million (USD 16. EV sales are expected to continue strongly through 2023. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. Nissan LEAF. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). 14 bn during 2020-2024, progressing at a CAGR. The Electric Car Rental Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. Forecast period. 17 billion by 2028, registering a CAGR of 4. 7%. Key takeaways. 4m in 2020, representing a compound annual rate of change (CARC) of -15. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. Report Overview. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. altered Customer Preference from Public Transport to Personal Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and. The electric-vehicle land grab is reshaping economies and challenging political allegiances. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. The electric car rental market size is estimated to grow at a CAGR of 12. The global commercial vehicle rental and leasing market size was valued at USD 77. , BlueIndy LLC, and Enterprise Holdings Inc. By 2025 20% of all new cars sold globally will be electric, according to the. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Electric Car Rental market has been performed to. Global Electric Car Industry. electric vehicle market size was USD 24. The Electric Car Rental covers vital information on applications, categorization, predicted growth patterns, supply chain, financial and economic terminology, and numerous other market aspects. 64% between 2022 and 2027. The Car Rental. 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. E-bikes enable users to cycle further and more often. The growth of the car rental market; Analysis of the market’s competitive landscape and detailed information on vendors; Comprehensive details of factors that will challenge the growth of car rental market vendors; Related Reports: The electric car rental market size is estimated to grow at a CAGR of 12. 24 billion in 2021 to USD 137. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 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. 15 million in 2021, and it is anticipated to increase to USD 2363. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. Introduction 5. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. 1% from 2021 to 2028. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 9 Billion by 2023, growing at a CAGR of 8. Frequent suspension of public transport systems coupled with the highly contagious nature of the virus propelled the need for passenger cars. METHODOLOGY. Overall, the price war has brought down the average price. The global electric car rental market is set for an electrifying surge, projecting growth from $8. 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. Premium Report Details. 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. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. Electric Car Rental market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. The electric car rental market size is estimated to grow at a CAGR of 12. 01 million by the end of 2030. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 14. " Electric Car Rental Industry Statistics Cognitive Market. . 52% during the 2022-2029 forecast period. The Electric Car Rental Market will grow by USD 7. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. The research estimates global Electric Car Rental market revenues in 2021, considering the Electric Car Rental market prices, supply, demand, and trade analysis across regions. add_box. 65 million from 2022 to 2027. 92 billion in 2019 and is projected to reach $214. The investments in the car-sharing market, at approximately $3 billion, are small compared with investments in e-hailing. The new electric car rental market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. Opportunities, 2018-2028 The Indonesia Tire Market was valued USD3. 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. By 2025 electric vehicles (EVs) will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040. 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. 9% over 2020. 25% to reach US$3,769. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 6%. 79 Billion in 2021 and is projected to reach USD 125. , 2022 – 2030. Market Size (2027) $134. 40% over the forecast period, According to Intelligence Market Report. electric vehicle market size was USD 24. Shift towards Electric/Hybrid. Page number. NEW YORK, Nov. The Electric Car Rental Market is poised for continued growth. The economic growth for 2020 was the weakest since the 1998 Asian financial crisis. 10 years later in 2021, that figure had grown close to 7 million vehicles. Reserve today. In 2021, electric car sales more than doubled to 6. 1% from 2021 to 2028. 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. 21 Billion value by 2027, exhibiting a CAGR of 6. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. The U. 65 mn during 2022-2027, accelerating at a CAGR of 12. 36 billion in 2021 and is forecast to register a CAGR of 7. New Jersey, N. NEW YORK, Jan. Pune, India, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report, Car Rental Market size is projected to reach USD 144. The Car. . 13, 2021 (GLOBE NEWSWIRE. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 1. 64% between 2022 and 2027. The market leaders tried to maintain their strong presence by acquiring other well-known brands such as Dollar, Thrifty, National and Alamo. The global. 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. In Q2 2022, EV sales accounted for 5. Market growth was disrupted owing to lockdowns and the reduced income of the population. Jan 04, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Electric Car Rental industry. 91 billion in 2023 at a compound annual. , 2023 – 2033. 5% according to RationalStat. Forecast Period. 7% in Q2 of 2021). Moreover, the growth momentum will progress. Western Europe’s growth. 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. Base year. As the world transitions towards a sustainable future, the electric car rental. 08, 2021 (GLOBE NEWSWIRE) -- Car Rental Market Analysis/Car Rental Market Trends. In 2022, the market is growing at a steady rate and with the. 69 billion in 2021 to USD 2. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 1 billion by 2026, at a CAGR of 16. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. The car sharing market size was worth USD 2. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. 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. Latest Market Analysis Research Report on “Global Electric Car Rental Market 2020” has been added to Wise Guy Reports database. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 47 Million in 2021 and is expected to reach USD 1261. 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. Car Rental Market Size to Hit USD 144. 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. 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. S. Electric vehicles are gaining popularity and market share. 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 Electric Vehicle. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD 8. 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). Electric Car Rental Market Scope. 01 million by the end of 2030. Electric cars earned a record-high the market share of 75% in Norway, up about one-third from 2019. 6 billion. 3 million, from 2. The global electric car rental market is forecast to grow by. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for Electric Car Rental market growth. The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. 65 mn during 2022-2027, accelerating at a CAGR of 12. Pune, India, July 26, 2022 (GLOBE NEWSWIRE) -- The global car rental market size hit USD 68. 9, 2021 -- The electric car rental market is set to grow by USD 8. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. 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. The Global Car Rental Market is forecast to grow. S. The global recreational vehicle market size was valued at USD 47. As…Europe Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028). 49 million in 2022 to USD 1,71,849. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The same year, pedal-assisted electric bicycles dominated the market by propulsion type. The market is projected to grow from USD 28. The market value is slated to rise from USD 82. To get the exact yearly growth variance and the Y-O-Y growth rate, View Report Snapshot. This paves the way for remarkable growth in the global car rental market over the forecast period. Nissan LEAF | Electric Range: 240 / 363 km*. This was over two and a half times more than in 2018. 01 billion in 2020, and is projected to reach $823. 15 million in 2021, and it is anticipated to increase to USD 2363. 4m in 2020, representing a compound annual rate of change (CARC) of -15. UK: forecast public charging revenue per electric vehicle 2016-2027. The reports further project the market to attain a valuation of around USD 10,111. Global electric car rental market - Five forces. 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. Strategic collaborations among the market. 22, 2023 (GLOBE NEWSWIRE) -- The . Growth momentum. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. 6 Billion by. 5% in terms of fleet size from leasing segment and 4. The market is projected to grow from USD 82. 12 Billion from 2023 to 2028. Comprehensive details of factors that will challenge the growth of car rental market vendors;. On the one hand, some automotive OEMs develop car-sharing services in-house and leverage the opportunity to bring their own vehicles into the fleet at lower price points, which gives advantages in operating costs to. S. 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. Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future. 14 bn during 2020-2024 New Electric Car Rental Market Research Report- COVID-19 Analysis Based on Economy Cars and Luxury Cars Vehicle. The market is. In terms of quantitative data, current market size, competitors. Electric Car Rental Market Research Report. 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. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. 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. 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. 50 billion in 2022 to $9. Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. China, with 4. Using public transportation can become time-consuming and unpredictable.