8, 2022 /PRNewswire/ -- The electric car rental market is fragmented. 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. 92 billion in 2019 and is projected to reach $214. The new electric car rental market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. 2% from 2021 to 2030. Electric vehicles are gaining popularity and market share. 27 thousand units in 2022 and is expected to reach 139,846. 7 per cent growth in new companies registering this year as per RTA figures. 8 billion in 2021 and is expected to reach USD 185. 99 billion in 2029, growing at a CAGR of 66. Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. 69 billion in 2022 to USD 131. According to IEA data, electric car sales in Iceland surpassed 50%, Sweden 30%, and the. Report Coverage. com's offering. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. The Automotive Rental and Leasing Market is made up of organizations, sole traders, and partnerships that rent or lease cars, trucks, vans, utility trailers, and recreational. The Europe vehicle rental market was valued at over USD 13. The size of the worldwide electric car rental market was USD 867. 59 billion by 2030 from valued at US$ 95. Looking forward, IMARC Group expects the market to reach US$ 95. Technavio's analysts forecast the global electric car rental market to grow at a CAGR of 11. 54 billion in 2022 to USD 137. 1 Billion in 2021 and is expected to be. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. 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. 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. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. 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. 25% to reach US$3,769. 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. Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 2. The Global Car Rental Market is forecast to grow. The increased presence of top-notch companies and the. Germany Car Rental Market Analysis. According to SPER market research, ‘E-mobility Rental Market Size- By Vehicle Type, By category, By Booking Type, By Commuting Pattern, By End Use- Regional Outlook, Competitive Strategies and. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. 0 billion in the current year. The electric car rental market size is estimated to grow at a CAGR of 12. 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. 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. The Car rental market accounted for USD 119. 6% during the forecast period. Details. 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. 36% of the worldwide market. 5% according to RationalStat. 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. The. 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). Opportunities, 2018-2028 The Indonesia Tire Market was valued USD3. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. , Sixt Rent A Car, LLC, Europcar. 1 billion by 2026, at a CAGR of 16. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 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 Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. 50 billion in 2022 to $9. 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. 5 million electric cars, has the largest fleet. March 20, 2023 13:18 ET | Source: Vantage Market Research. With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. 01% during the forecast period. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. S. The Car Rental market was estimated to be worth. 49% CAGR and will total USD 119. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. The Global Electric Car Rental Market will grow by $7. 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. Clean energy and improved. Canada Electric Car Market volume was 38576. 9 percent over the forecast period. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast period (2022 - 2027). 65 billion in 2022 and is projected to grow from USD 500. 2% in terms of revenues during 2022-2028. 3 million, from 2. " Global "Electric Car Rental Market" [NEW. 49 million in 2022 to USD 1,71,849. 5% from 2023 to 2032. 14 bn during 2020-2024, progressing at a CAGR. 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. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. According to the Market Statsville Group (MSG), the global car rental market size is expected to grow from USD 99,430. 771 million in 2020. The global golf cart market size was USD 1. It provides majorly two types of information qualitative and quantitative. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. The global commercial vehicle rental and leasing market size was valued at USD 77. Shift towards Electric/Hybrid. 64% during the forecast period. Details. NEW YORK, Jan. In 2022, the market is growing at a steady rate and with the. 83% to reach US$2. 2023-2027. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. The investments in the car-sharing market, at approximately $3 billion, are small compared with investments in e-hailing. The key. Automobile Rental & Leasing Market Analysis. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. 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. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. 99%, resulting in a projected market volume of. 6%. Nissan LEAF. 2. 14 bn during 2020-2024, progressing at a CAGR. 14 billion during 2020-2024. 14 billion during 2020-2024. 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. Nissan LEAF | Electric Range: 240 / 363 km*. 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. In the upcoming 5 years, the market for renting and leasing cars is expected to register a CAGR of more than 9% per year. Details. 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). Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. MRFR also estimates that. 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. 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. 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 global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 42 billion in 2021. However, registrations of multi-purpose vehicles have experienced the most. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. The report covers various aspects including Business Models,. EV Market 2022-2030: The global electric vehicle market was valued at $163. The attempt to get close to various pointers of the Global Electric Car Rental Market has led. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. Europe will account for 42% of the growth of the. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. In Q2 2022, EV sales accounted for 5. According to Precedence Research, the car rental market size is expected to hit around US$ 186. In 2022, the market is growing at a steady rate and with the. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 14. 6%. 527 million in 2027 from US$2,309. 6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6. The car rental service market is estimated to expand at 7. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. 65 mn during 2022-2027, accelerating at a CAGR of 12. Page number. C. Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. 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 Australian car rental market had total revenues of $584. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. 1 million, for year-on-year growth of just 9 percent. Forecast period. 36% by 2027, the rising. The global. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. Moreover,. 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. DOWNLOAD PDF. Technology is a critical aspect expected to accelerate the market growth. 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. Market growth was disrupted owing to lockdowns and the reduced income of the population. 14 bn during 2020-2024. The global car rental market size was valued at $92. 47 Million in 2021 and is expected to reach USD 1261. Revenue in the Car Rentals market is projected to reach US$99. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. 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. 46 billion by 2030, exhibiting a CAGR of 6. 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. Pune, India, July 26, 2022 (GLOBE NEWSWIRE) -- The global car rental market size hit USD 68. 5% in terms of fleet size from leasing segment and 4. , but industry analysts anticipate the EV market share in the U. 01 million by the end of 2030. 6 billion. 2017-2021. The passenger vehicle (PV) segment remained dominant with 73. 84 billion in 2023 to USD 575. The electric car rental market size is estimated to grow at a CAGR of 12. 50 billion in 2022 to $9. 64% during the forecast period. 2 million in 2021, up 1. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. The Europe vehicle rental market size was valued at USD 11. add_box. 2020. Follow. 4 billion in 2023, the market is likely to surpass US$ 307. 10 Years of EV Sales by Country. 47 Million in 2021 and is expected to reach USD 1261. 36 billion in 2021 and is forecast to register a CAGR of 7. 65 mn during 2022-2027, accelerating at a CAGR of 12. 08 billion in 2021. The market is projected to grow from USD 82. 7 billion in 2021 and is projected to grow to USD 2. 2% CAGR during the forecast period. Other factors that help in the growth of this market are an expansion of fleet sizes, a. 32 billion in 2023 to USD 119. Due to the rising focus to decrease the emission of harmful. 28 billion in 2021, and it is expected to reach USD 223. Car rental market growth accelerated by rising growth of the travel and tourism sector and increased awareness about electric mobility services April 30, 2023 20:19 ET | Source: Market Research FutureVantage Market Research. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The market is projected to grow from USD 43. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. Growth momentum & CAGR. Economy & mid-sized sedans and compact SUVs accounted for around 80% of the combined rental and lease fleet. Electric vehicles are gaining popularity and market share. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 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. 7% between 2016 and 2020. Follow. 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 ). The market is projected to grow from USD 12. 40% over the forecast period, According to Intelligence Market Report. 23 Sep, 2021, 05:05 ET. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 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. In contrast, the United States market for BEVs. 49% between 2020-2025. 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 global electric car rental market is forecast to grow by. 3 Billion by 2030 at a 6. 8% during the forecast period. The global car rental market size was valued at $92. . Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. 64% between 2022 and 2027. Download. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. Overall, the price war has brought down the average price. It is expected to grow to USD 25. 3% during the forecast period. Company. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. Indonesia Car Rental Market - Growth, Trends, Covid-19 Impact, and Forecasts. 55 billion in 2028 at a CAGR of 6. 7 Billion by 2028, exhibiting a growth rate (CAGR) of 3. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. Brazil Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028) The Brazil vehicle rental market was valued at USD 1. New Jersey, United States – Analysis of Electric Car Rental Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast The. this year, according to Atlas Public Policy. 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. The segment value, growth, revenue, and demand in the market. Sustained policy support has been one of the main reasons for strong electric car sales in many markets, with overall public spending on subsidies and. Recent COVID-19 has disrupted the market growth. S. 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. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 92 billion in 2019 and is projected to reach $214. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. The market is expected to grow at a CAGR of 12. 42 billion and is expected to achieve a CAGR (Compound Annual Growth Rate) of 7. 39 million by 2028, indicating a Compound Annual Growth Rate. 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. These companies also tried to employ the franchise. 62 billion in 2020 and is projected to grow from USD 1. The global car rental & leasing market size was valued at USD 641. Base year. The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. 01 billion in 2020, and is projected to reach $823. . 12 Billion from 2023 to 2028. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 55 billion in 2023 to USD 19. S. 04 billion in 2021 and expected to surpass a net valuation of USD 4. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. It focuses on five significant trends in the global luxury-automobile segment 1 Cars with a manufacturer’s suggested retail price (MSRP) of $80,000 or more. 54 billion in 2023, boasting a noteworthy Compound Annual. 65 mn during 2022-2027, accelerating at a CAGR of 12. The market is predicted to grow at a healthy pace in the coming years. Electric vehicles will grow from 0. 6 Billion by. The Electric Car Rental covers vital information on applications, categorization, predicted growth patterns, supply chain, financial and economic terminology, and numerous other market aspects. 40 billion in 2022 to $15. New York, March 09, 2020 (GLOBE NEWSWIRE) -- Reportlinker. 000 billion. Truck Rental Market Regional Insights. The market is projected to register a CAGR of 10. 4 billion in 2021 and is estimated to grow to about USD 132. 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. 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. 0% in the 2021-2028 period. Follow. The market is. 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 market was negatively impacted by COVID-19 in the first half of 2020. 94bn in 2023. Using public transportation can become time-consuming and unpredictable. 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. 65 mn during 2022-2027, accelerating at a CAGR of 12. The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. Official forecasts for electric car take-up have been slashed. Electric Car Rental Market is poised to grow at a CAGR of 14. 11, 2023-- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 1. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. 64% between 2022 and 2027. 3% during the forecast period. . The growth of the electric car rental market can be attributed to the rise in. The Electric Car Rental Market will grow by USD 7. Car Rental Market Outlook (2023 to 2033) The global car rental market is predicted to expand at an impressive CAGR of 9. 47 billion in 2018 and opportunities are poised growing with a compound annual growth rate (CAGR) of 11. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. The research assessment of the Market is designed to analyze futuristic trends. 6% in terms of fleet size from rental segment during. Taken together, car sharing and peer-to-peer. S. 36% over the forecast period. 7% from 2020 to 2027. As the world transitions towards a sustainable future, the electric car rental. 2% from 2020 to 2025. 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 scooters market size was estimated at USD 33. 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. 08 Billion. The global market size was valued USD 24. 24 billion in 2021 to USD 137. Related Reports. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 64% between. In 2021, electric car sales more than doubled to 6. The Australian car rental market had total revenues of $584. 4% in the 2021-2028 period. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. 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. 80% during 2023-2028 . 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. and Y-o-Y Growth 4. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. Covered in this report The report covers the present scenario and the growth prospects. The car rental industry in Dubai alone accounted for 23. . 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. 03 billion in 2020. The truck rental market in Europe accounted for the biggest share, worth USD 42. 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. 6 billion. About Us. Europe will account for 42% of the growth of the global market during the forecast period. The ”Electric Car Rental Market” report provides a comprehensive analysis of growth opportunities in various segments and sub-segments. 1 billion by 2027, at a CAGR of 18. 1 billion in 2022, and is projected to reach $2. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor. The market value is slated to rise from USD 82. 9 Billion by 2023, growing at a CAGR of 8. 42 billion in 2021. . With rising pollution and population, and. 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. 04 billion by 2027, registering a CAGR of 10. 64% between 2022 and 2027. 5 billion in 2019 to 10. 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. 1% from 2021 to 2028.