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.
Car rental is a service that offers a platform to rent a car for a short time at affordable rates. Due to the rising focus to decrease the emission of harmful gases and noise pollution. To avoid such pollution, manufacturers are come up with an electric car. An electric vehicle is a safer option to travel and comfortable owing to inbuilt advanced technology. This technology includes an emergency braking system, infotainment, and others. Strict environment regulation and rising awareness about pollution have led to an increase in the adoption of an electric car in rent services.
Market Dynamics
Expanding travel and tourism industry along with the rising number of domestic and foreign tourists around the globe are the prime factors fuelling market growth. Growing awareness about the advantages of an electric car over conventional car, rising demand for electric car rental from enterprises, and the high growth potential for EV rental market from emerging economy. Moreover, rising demand for inter-city transport system coupled with the growing awareness regarding the benefits of electric car rental service as it is cheaper is further expected to fuel the industry expansion over the forecast timeline.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electric car rental.
Market Segmentation
The entire Electric Car Rental market has been sub-categorized into vehicle type, application, service. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Vehicle Type
- Battery
- Hybrid
- Plug-in Hybrid
By Application
- Economic Car
- Executive Car
- Others
By Service
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for electric car rental market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Electric Car Rental Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric car rental market include Zipcar, Avis Budget Group, Inc., Enterprise Holdings Inc., Europcar Mobility Group, The Hertz Corporation, Sixt SE, BlueIndy, DriveElectric, Easirent, Green Motion International, Wattacars, Zoomcar, Europcar Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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