2% from 2020 to 2025. 25. " Electric Car Rental Industry Statistics Cognitive Market. 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. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends,. The past year was a pivotal one, with many important achievements across the disruptive dimensions of mobility: autonomous driving, connectivity, electrification, and shared mobility (ACES). 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. 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. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast. 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 a. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] the 10 months leading up to October, sales of fully electric. The growth of the electric car rental market can be attributed to the rise in. The report offers an up-to-date analysis regarding the cur…Pricing Details. Using public transportation can become time-consuming and unpredictable. The Car Rental market was estimated to be worth. 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. 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. Comprehensive details of factors that will challenge the growth of car rental market vendors;. Details. 65 mn during 2022-2027, accelerating at a CAGR of 12. The market is projected to grow from USD 43. Clean energy and improved. Fully considering the economic change by. 65 mn during 2022-2027, accelerating at a CAGR of 12. Shift towards Electric/Hybrid. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Nissan LEAF | Electric Range: 240 / 363 km*. The market is projected to grow from USD 82. 6% from 2021 to 2028. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. e. Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. The Europe vehicle rental market size was valued at USD 11. , 2023 – 2033. The global car rental & leasing market size was valued at USD 641. C. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. The Global Electric Car Rental Market will grow by $7. 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. add_box. 65 million from 2022 to 2027. 7%. The research assessment of the Market is designed to analyze futuristic trends. 2 Million in 2020, at a CAGR of 15. A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. The research report also covers the. 01% during the period 2017-2021. The Indonesian car rental market is projected to witness a CAGR of 7. Frequent suspension of public transport systems coupled with the highly contagious nature of the virus propelled the need for passenger cars. 19, 2022 (GLOBE NEWSWIRE) -- According to a report by Vantage Market Research, the Global Electric Vehicle Market was worth USD 165. The Electric Car Rental market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. Growth momentum & CAGR. 14 bn during 2020-2024 New Electric Car Rental Market Research Report- COVID-19 Analysis Based on Economy Cars and Luxury Cars Vehicle. The global carsharing market size stood at USD 6,395 million in 2022, and it is predicted to reach USD 9,957 million by 2030, advancing at a CAGR of 5. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. Car Rental Market Size was valued at USD 107. Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. 3 million, from 2. Wilmington, Delaware, Sept. The reports further project the market to attain a valuation of around USD 10,111. 8% during the forecast period. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. 22% during the forecast period, 2022-2027. NEW YORK, Aug. 4 billion in 2021 and is estimated to grow to about USD 132. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. The car industry will stay in low gear in 2024. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. 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. The market is projected to grow from USD 12. These companies also tried to employ the franchise. 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. Forecast period. 6% market share of electric cars in worldwide car sales constitutes a record. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. An electric bike is a bicycle with a motor and rechargeable batteries that assist the rider and alleviate some of the pressure of pedaling. Market consumption volumes declined with a CARC of . 6% from 2021 to. , Jan. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 2020. The UAE electric vehicle market would register growth during the forecast period. Global electric car rental market - Five forces. Clean energy and improved. Follow. To develop this. 24 billion in 2021 to USD 137. Page number. The Australian car rental market had total revenues of $584. The market is projected to grow from USD 728. 5% from 2023 to 2030. 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. Overall, the price war has brought down the average price. 1 billion in 2022, and is projected to reach $2. In 2022, the market is growing at a steady rate and with the. The Electric Car Rental market report is segmented into sub-segments for comprehension and imbued with valuation and growth patterns. 000 billion. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. Menu. The Car rental market accounted for USD 119. 3 billion in 2020 and is projected to reach $65. L. 9 Billion by 2023, growing at a CAGR of 8. Electric vehicles are gaining popularity and market share. Due to the rising focus to decrease the emission of harmful. What are the future trends you foresee in this market over the. Further, the market generated a revenue of USD 100 billion in the year 2022. With rising pollution and population, and. The global electric car rental market size is expected to grow from $8. 5 billion by 2033. e. According to the report, the. 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,. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. The market is driven by factors such as government initiatives to promote sustainable transportation, increasing. Close. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. Consumer Interests for On Demand Transportation: Commuters are increasingly demanding familiar, reliable, and high. 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. 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. 47 billion in 2018 and opportunities are poised growing with a compound annual growth rate (CAGR) of 11. The Car Rental industry is projected to grow USD 200. Indonesia has the largest auto leasing market and car rental market in South East Asia. 4% in the 2021-2028 period. 14 bn during 2020-2024, progressing at a CAGR. 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). 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. 4 Billion in 2021 and is projected to reach a value of USD 126. 65 mn during 2022-2027, accelerating at a CAGR of 12. 21 billion in 2022 to USD 113. In 2019, electric-vehicle (EV) sales set another sales record globally, and EVs became much more prominent in the public awareness in major. The market is. J. 64% between 2022 and 2027. Growth in the electric-vehicle market has slowed. 1% from 2021 to 2028. Page number. 14 billion during 2020-2024. Premium Report Details. This was over two and a half times more than in 2018. 26 billion in 2023 to USD 63. Car Rental Market Size to Hit USD 144. 65 mn during 2022-2027, accelerating at a CAGR of 12. 64% during the forecast period. In Europe, car rentals are usually available at affordable costs. 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. 7% from 2020 to 2027. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. Chapter 1: 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 from 2023. Experts say the rental car industry trend reflects America’s broader societal shift toward electric cars. 2020. 21 billion, at CAGR of 6. com's offering. The research report is titled “Electric Car Rental Market research by Types (Economy cars, Luxury cars), By Applications (Electric. The market is projected to grow from USD 48. Electric Car Rental Market Size, Growth Rate, And Forecast The global electric car rental market size is expected to grow from $8. Electric Car Rental Market Scope. 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. 92 billion in 2019 and is projected to reach $214. 120. Introduction 5. 1) By Vehicle Type: Battery Cars, Hybrid Cars, Plug-in Electric Cars. Canada Electric Car Market volume was 38576. The market is expected to grow at a CAGR of 12. The growth of the travel and tourism sector. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. 49% CAGR and will total USD 119. 120. Report Coverage. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 14. That’s a huge decline from. 28 billion in 2021, and it is expected to reach USD 223. S. 42 billion by 2027, registering a CAGR of 14. 14 billion during 2020-2024. EV sales are expected to continue strongly through 2023. 59 billion by 2030 from valued at US$ 95. The potential growth difference for the electric car rental market between 2020 and 2024 is USD 7. 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. S. 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. The Car rental market accounted for USD 119. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. Base year. 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 Electric Car Rental Market is poised for continued growth. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. The electric car rental market size is estimated to grow at a CAGR of 12. , BlueIndy LLC, and Enterprise Holdings Inc. 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. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 36% over the forecast period. WASHINGTON, Oct. Accelerate at a CAGR of 11. 5% during the forecast period. 50 billion in 2022 to $9. Other factors that help in the growth of this market are an expansion of fleet sizes, a. 52%, resulting in a projected market volume of. 157. 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. Truck Rental Market Regional Insights. 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. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. NEW YORK, Jan. Electric Car Rental Market Scope. 60%. this year, according to Atlas Public Policy. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 21 Billion value by 2027, exhibiting a CAGR of 6. 0 billion in the current year. The Car. 1 Billion in 2021 and is expected to be. 89 billion in 2022 to USD 214. The U. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. The. The electric car rental market size is estimated to grow at a CAGR of 12. 32 EST. The Thailand Car Rental Market is valued at USD 811. 64% during the forecast period. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. Indonesia Car Rental Market - Growth, Trends, Covid-19 Impact, and Forecasts. Follow. 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. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. Recent COVID-19 has disrupted the market growth. DOWNLOAD PDF. 65 billion by 2030, exhibiting a CAGR of 4. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. 1 North America Electric Car Rental Market Sales. 65 million from 2022 to 2027. Forecast period. This press release features multimedia. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 64% during the forecast period. The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i. Also, the advent of robotaxis coupled with the rising adoption of car rentals in electric vehicle sectors have bolstered the market growth. The Europe vehicle rental market was valued at over USD 13. Shift towards Electric/Hybrid. 7% in Q2 of 2021). The market is. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. 50 billion in 2022 to $9. 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. 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. Growth momentum. Market Growth Drivers: – Growing demand for a flexible alternative to owning a car without any ties or liability. 14 bn during 2020-2024 Electric Car Rental Market 2020-2024 - Avis Budget Group Inc. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. The China Electric Vehicles Market size is expected to grow from USD 260. 4 Billion in 2021 and is projected to. 48 billion in 2023 to USD 1,579. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. , 2023-28. 18 trillion during 2021-2025, progressing at a CAGR of. 08 Billion. 1% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation) [220+ Pages Latest Report] According. 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. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. 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. . The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. 6 Billion by 2030, growing at a CAGR of 4. Nissan LEAF. This kicked off a price war in the segment that dragged down the value of new EVs from Ford and GM. 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. Against this backdrop of sluggish sales in 2019, the 2. The size of the worldwide electric car rental market was USD 867. 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 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. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. Forecast period. 6 billion. DOWNLOAD PDF. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market. 55 billion in 2028 at a CAGR of 6. The various travel restrictions and lockdowns implemented. 42 Million by 2027 registering a CAGR of over 9. The tourism sectors in cities are expanding, which is expected to have a beneficial impact on the Indonesian car rental market growth. Strategic collaborations among the market. 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. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. 053 billion in 2019. 5 billion in 2019 to 10. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. , but industry analysts anticipate the EV market share in the U. 22, 2023 (GLOBE NEWSWIRE) -- The . 7% between 2016 and 2020. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. The electric car rental market is poised to grow by $11246. 6%. 4 Billion in 2021 and is projected to. 6% of the total auto market (up from 2. Electric Car Rental Market Growth Opportunities: • Growing Penetration of Rental Services Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaA BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. 9% over 2020. Related Reports. It is expected to grow to USD 25. The market value is slated to rise from USD 82. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. 8, 2022 /PRNewswire/ -- The electric car rental market is fragmented. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. The Global Car Rental Market size is expected to be worth around USD 275 Billion by 2032, From USD 121. 65 million from 2022 to 2027. 56 billion by 2028, at a CAGR of 17. The size of the market is forecast to increase by USD 11,246. The global commercial vehicle rental and leasing market size was valued at USD 77. 6. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. e. 10 years later in 2021, that figure had grown close to 7 million vehicles. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. MRFR also estimates that. 21 Billion value by 2027, exhibiting a CAGR of 6. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. 2% from 2021 to 2030. Looking forward, IMARC Group expects the market to reach US$ 95. Comprehensive details of factors that will challenge the growth of car rental market vendors;. Our latest report on the luxury-automobile market updates McKinsey’s extensive research on the sector. Automotive. Shift towards Electric/Hybrid. 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. The attractive incentives being offered by the. 46 billion by 2029, exhibiting a CAGR of 6. It is bigger than it looks and has enough. 54 billion in 2022 to USD 137. Electric Car Rental Market is Expected to Reach the Value of USD 28903. 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. That will be up from 7. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 52% during the 2022-2029 forecast period. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. The North America car rental market is estimated to increase at a CAGR of 17. 28 billion in 2021, and it is expected to reach USD 223. March 20, 2023 13:18 ET | Source: Vantage Market Research. 45 billion in 2021 and is projected to grow from USD 3. The India E-Bike Rental market is valued at USD 5 million and is expected to hit USD 10 million by registering a CAGR of over 12. Global Electric Car Rental Market Growth (Status And Outlook) 2023-2029. Electric Car Rental Market Overview: The Electric Car Rental market industry is projected to. The new electric car rental market research from Technavio indicates Negative growth in the. Apr 25, 2023 (The Expresswire) -- Global "Electric Car Rental Market" [2023-2030] Research Report furnishes an industry overview, encompassing significant. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. The market leaders tried to maintain their strong presence by acquiring other well-known brands such as Dollar, Thrifty, National and Alamo. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. 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. Key takeaways. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 0. Car rental is the service of renting automobiles for a specified period of time, either through offline or online channels. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. 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. Future developments may include increased vehicle autonomy and. 5% during 2022-2028. Global Electric Car Rental Market Analysis and Forecast by Type 5. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 1% from 2021 to 2028. Brazil Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028) The Brazil vehicle rental market was valued at USD 1. The total lithium-ion–battery market for EV passenger cars grew by 17 percent, to 117 gigawatt-hours in. 1. Emerge as Key. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The global golf cart market size was USD 1. Since the last time Deloitte reported on EV sales, significant regional disparities in growth have surfaced. The market is projected to grow from USD 728. 65 mn during 2022-2027, accelerating at a CAGR of 12. 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. The car rental market research report provides an analysis of the car rental industry including a snapshot, and insights into car rentals as per geographic region. 9% from 2021 to. 59 billion by 2030 from valued at US$ 95. 46 billion by 2029, exhibiting a CAGR of 6.