Market Overview and Forecast with the Impact of COVID-19 (2021-2026)


Executive Summary The global car rental market, valued at USD 66.3 billion in 2020, has experienced unprecedented growth in recent years due to increasing urbanization and economic growth.

New York, July 02, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Global Car Rental Market (2021 Edition) – Analysis by Type (Economy, Executive, Luxury, MUV, SUV), Customer ( company), Leisure), Application, by region, by country: Market overview and forecast with the impact of COVID-19 (2021-2026) “-
In addition, the increasing digitalization and growth of the travel and tourism industry will boost the value of the car rental market in the near future. The COVID-19 pandemic is having a major impact on the operation and performance of the rental car industry, as the pandemic has resulted in lockdowns and travel restrictions, but as mass vaccination progresses and restrictions are relaxed, the sector is expected to resume growth in the second half of 2021.

Among the customers of the car rental (business and leisure) market, leisure is globally popular as the demand for self-travel and family travel increases and increasing digitization and internet penetration is expected to drive the market. during the forecast period.

Among the car rental market applications (airport and non-airport), Off-Airport holds a significant share and dominates the car rental industry in the world and is expected to continue to grow rapidly during the forecast period. . The growing demand to travel within the country with the family is the main driver of growth. In addition, the growing demand for rental cars for commercial purposes will drive demand in the future.

Among the car rental market type (economy, executive, luxury, MUV and SUV), the economy type is widely popular in the car rental market around the world as it is widely used and is expected to continue to grow rapidly. during the forecast period, because the economy car is profitable, which is preferred by most of the users.

The North American market is expected to dominate the global market throughout the forecast period. The increase in business travel to the region along with the growth of the tourism sector is expected to significantly fuel the growth of the market.

Scope of the report
• The report presents the analysis of the car rental market for the historical period of 2016-2020 and the forecast period of 2021-2026.

• The report analyzes the car rental market by customer (business and leisure).

• The report analyzes the Car Rental Market by Application (Airport and Non-Airport).

• The report analyzes the car rental market by type (economy, executive, luxury, MUV, SUV).

• The global car rental market has been analyzed by region (North America, Europe, Asia-Pacific and ROW) and by country (United States, Canada, Germany, France, United Kingdom, China, India, Brazil , Saudi Arabia and United Arab Emirates).

• The attractiveness of the market was presented by region, by customer, by application and by type. In addition, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions, and new product development. Companies analyzed in the report include Hertz Global Holdings, Enterprise Holdings, Avis Budget Group, Europcar, Sixt SE, China Auto Rental Inc., eHi Car Services, UBER Technologies Inc., Localiza and Ola Cabs.

• The report analyzes the impact of Covid-19 on the car rental market.

Key target audience

• Car rental suppliers

• Consulting and consulting firms

• Government and decision-makers

• Investment banks and investment companies

• Regulatory authorities
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