Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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According to IMARC Group’s latest report, titled “Car Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global car rental market reached a value of US$ 93.70 Billion in 2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of 7.2% during 2021-2026.
We are regularly
tracking thme direct effect of COVID-19 on the market, along with the indirect
influence of associated industries. These observations will be integrated into
the report.
Car rental, or hire a
car facility, refers to the process of renting a car for a short duration.
These car rental services are provided by agencies that purchase several fleet
vehicles and rent them to customers for a fee. Nowadays, individuals prefer to
hire a car on rent as it is a more cost-effective alternative than owning a
vehicle and offers freedom of movement and low-cost traveling. Some rental cars
are also equipped with entertainment systems, global positioning systems (GPS),
and Wi-Fi networks.
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Sample: https://www.imarcgroup.com/car-rental-market/requestsample
The global car rental
market is primarily driven by the rapid growth of the information technology
(IT) sector. With the rising penetration of smartphones, renting a car through
online platforms has become the most preferred choice. Besides this, increased
travel and tourism activities have encouraged individuals to opt for car rental
services, such as taxis and carpooling, for improved mobility and
cost-effective traveling. The high usage rate of car rental services by daily
commuters and office goers is also providing a positive outlook to the market.
Besides this, governments of various countries are emphasizing on minimizing
their vehicular emissions. Consequently, car rental services have emerged as
one of the most economical modes of transportation. On account of these
factors, the market value is anticipated to reach US$ 144.7 Billion by 2026.
Car Rental Market
2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape
With Key Players:
The competitive
landscape of the global car rental market has been studied in the report with
the detailed profiles of the key players operating in the market.
Some of these key
players include:
·
Avis Budget Group Inc.
·
Europcar
·
Sixt SE
·
Carzonrent India Private Limited
·
Eco rent a car
·
Localiza
·
Enterprise Holdings Inc.
·
Enterprise Rent-A-Car
·
The Hertz Corporation
Key Market
Segmentation:
The report has
segmented the global car rental market on the basis of booking, rental length,
vehicle type, application, end-user and region.
Breakup by
Booking:
·
Offline Booking
·
Online Booking
Breakup by Rental
Length:
·
Short Term
·
Long Term
Breakup by Vehicle Type:
·
Luxury
·
Executive
·
Economy
·
SUVs
·
Others
Breakup by
Application:
·
Leisure/Tourism
·
Business
Breakup by End-User:
·
Self-Driven
·
Chauffeur-Driven
Breakup by Region:
·
North America
·
Asia Pacific
·
Europe
·
Latin America
·
Middle East and Africa
Explore Full Report
with TOC & List of Figure: https://www.imarcgroup.com/car-rental-market
Key highlights of the
report:
·
Market Performance (2015-2020)
·
Market Outlook (2021-2026)
·
Market Trends
·
Market Drivers and Success Factors
·
The Impact of COVID-19 on the Market
·
Value Chain Analysis
·
Structure of the Global Market
·
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Check Our Latest blog: https://industrytrendsreport.blogspot.com/
About Us
IMARC Group is a
leading market research company that offers management strategy and market
research worldwide. We partner with clients in all sectors and regions to
identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s information
products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high
technology organizations. Market forecasts and industry analysis for
biotechnology, advanced materials, pharmaceuticals, food and beverage, travel
and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
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