The market is expected to grow at a CAGR of 12. 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. 1% market share. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. The growth of the electric car rental market can be attributed to the rise in demand for eco-friendly vehicles and the decrease in the cost of ownership. 90 billion by 2028. Europe will account for 42% of the growth of the. 32 billion in 2023 to USD 119. Dublin, Nov. The report offers an up-to-date analysis regarding the. Report Overview. The market is. 49% CAGR and will total USD 119. 3 Billion by 2030 at a 6. This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries. Electric Car Rental Market Report The global Electric Car Rental market size is projected to reach USD 2044. 21 billion by 2030, exhibiting a CAGR of 7. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. The United States vehicle rental market is majorly dominated by Avis Budget Group, Enterprise Rent-A-Car and Hertz Global Holdings Inc. Global electric car rental market - Five forces. 14 bn during 2020-2024 Electric Car Rental Market 2020-2024 - Avis Budget Group Inc. The Electric Car Rental Market will grow by USD 7. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. NEW YORK, Jan. These companies also tried to employ the franchise. In 2019, electric-vehicle (EV) sales set another sales record globally, and EVs became much more prominent in the public awareness in major. 50 billion in 2022 to $9. . Base year. Report Coverage. 5% in terms of fleet size from leasing segment and 4. The market is predicted to grow at a healthy pace in the coming years. Market Size (2027) $134. 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). 2 Million in 2020, at a CAGR of 15. Pune, Feb. 4m in 2020, representing a compound annual rate of change (CARC) of -15. In contrast, the United States market for BEVs. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 56 billion by 2028, at a CAGR of 17. Fortune Business Insights™ presented this information in an upcoming report, titled, “Luxury Car Rental Market Size, Share & Industry Analysis, By Rental Type (Business, Leisure), By Booking. 49% between 2020-2025. Autonom Service, a car rental company, invested Euro 15 million (USD 16. 64% between 2022 and 2027. The passenger vehicle (PV) segment remained dominant with 73. March 20, 2023 13:18 ET | Source: Vantage Market Research. 59 billion by 2030 from valued at US$ 95. The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. The same year, pedal-assisted electric bicycles dominated the market by propulsion type. 7 per cent growth in new companies registering this year as per RTA figures. 36% over the forecast period. The environmental impact of conventional gasoline vehicles and the rise in fuel prices have paved the way for. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. 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. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. MRFR also estimates that the market expansion rate to be 15?tween 2019 and 2025 (appraisal period). 65 mn during 2022-2027, accelerating at a CAGR of 12. 04 billion in 2021 and expected to surpass a net valuation of USD 4. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. . The research report also covers the. 1. 36% by 2027, the rising. This press release features multimedia. The global recreational vehicle market size was valued at USD 47. Car rental is the service of renting automobiles for a specified period of time, either through offline or online channels. The report offers an up-to-date analysis regarding the cur…The company plans to have 25% of its 500,000 vehicle fleet be electric by the end of 2024, up from 10 percent now, as it accelerates purchases under its deals to buy 330,000 vehicles from Tesla. 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. 12 Billion from 2023 to 2028. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. The China Electric Vehicles Market size is expected to grow from USD 260. 23 Sep, 2021, 05:05 ET. 5% from 2023 to 2032. 14 billion during 2020-2024. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast. 4 Billion in 2021 and is projected to. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. 6% during the forecast period. 5 billion in 2019 to 10. 64% between 2022 and 2027. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 14 bn during 2020-2024, progressing at a CAGR. , 2023 – 2033. Latest Market Analysis Research Report on “Global Electric Car Rental Market 2020” has been added to Wise Guy Reports database. 50 billion in 2022 to $9. 0% in the 2021-2028 period. Base year. 43 billion in 2028 at a CAGR of 25. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. 2% during the forecast period (2023-2029) Canada Electric. 49 million in 2022 to USD 1,71,849. 3% during the forecast period. 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. 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 $44 million in 2030. But in 2019, the number of units sold increased only to 2. An electric bike is a bicycle with a motor and rechargeable batteries that assist the rider and alleviate some of the pressure of pedaling. com's offering. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. 14 billion during 2020-2024. By 2025 20% of all new cars sold globally will be electric, according to the latest forecast by the. 83 Billion by the end of 2032. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry, the car rental market in the Netherlands has ample growth potential in the coming years. Growth momentum. Car Rental Platform Market size was valued at USD 89. 5 Billion by 2027 at a CAGR of 21. 43 billion in 2028 at a CAGR of 25. EV sales are expected to continue strongly through 2023. A detailed market share and penetration of different types, processes, and geographies in the Electric Car Rental market from 2001 to 2028 is included. 15 million in 2021, and it is anticipated to increase to USD 2363. 42 billion in 2021. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. 46 billion by 2029, exhibiting a CAGR of 6. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. Growth in the electric-vehicle market has slowed. They accounted for 88. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. Economy & mid-sized sedans and compact SUVs accounted for around 80% of the combined rental and lease fleet. The electric car rental market size is estimated to grow at a CAGR of 12. It is expected to reach USD 25,956. The global electric bike market was estimated to generate USD 14,404. 50 billion in 2022 to $9. Growth momentum & CAGR. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. The Electric Vehicle. 2020-2025 Global Electric Car Rental Market Report – Production and Consumption Professional Analysis (Impact of COVID-19) is latest research studyMar 10, 2023 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry. Electric Car Rental Market is poised to grow at a CAGR of 14. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 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 electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. The global car rental market size was valued at $92. As…Europe Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028). Lower emissions, not standards. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. The global market size was valued USD 24. 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,. 1% during 2023-2028. 65 mn during 2022-2027, accelerating at a CAGR of 12. The electric car rental market size is estimated to grow at a CAGR of 12. com Website: 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. C. Indonesia Car Rental Market - Growth, Trends, Covid-19 Impact, and Forecasts. The global electric car rental market is forecast to grow by. Electric Vehicles market unit sales are expected to. 50 billion in 2022 to $9. 23, 2021 /PRNewswire/ -- The global car rental market size is anticipated to reach USD 141. The market is projected to grow from USD 82. 6 billion. 1 million, light-duty vehicles accounted for 9 out of every 10 motor vehicles registered in 2021, with passenger cars remaining the most common type. 01 million by the end of 2030. EV Market 2022-2030: The global electric vehicle market was valued at $163. 21 billion in 2022 to USD 113. 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. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. Western Europe is projected to account for 44% of car rental. 39 Billion in 2023 to USD 34. Indonesia has the largest auto leasing market and car rental market in South East Asia. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. 17 billion by 2028, registering a CAGR of 4. Chapter 2: Exclusive North America accounted for the largest share in the Electric Car Rental market in 2022 owing to the increasing collaboration activities by key players over the forecast. 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. Research Methodology. The global electric scooters market size was estimated at USD 33. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. Electric Car Rental Market Scope. As for South America and Middle East & Africa , the construction equipment rental market is emerging. 01% during the forecast period. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. Recent COVID-19 has disrupted the market growth. The India electric vehicle market size was USD 1. 10 Years of EV Sales by Country. Market Trends 5. The global electric car rental market is set for an electrifying surge, projecting growth from $8. com announces the release of the report 'Global Electric Car Rental Market 2020-2024'. 69 billion in 2021 to USD 2. According to the Market Statsville Group (MSG), the global car rental market size is expected to grow from USD 99,430. 0. The global electric car rental market size is expected to grow from $8. The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. Details. 42 Billion by the end of 2030. 4% in the 2021-2028 period. 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. The average price paid for an electric vehicle in the United States was less than $51,000 in September, according to Cox Automotive. 19, 2022 (GLOBE NEWSWIRE) -- According to a report by Vantage Market Research, the Global Electric Vehicle Market was worth USD 165. Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. Electric Car Rental Market Scope. 53% during the forecast period 2019-2025. The electric car-rental market is projected to reach $19 billion (€19. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. The global golf cart market size was valued at $1. S. In the upcoming 5 years, the market for renting and leasing cars is expected to register a CAGR of more than 9% per year. 13, 2021 (GLOBE NEWSWIRE. Related Reports. 11% through 2028 on account of country's increasing domestic automobile market and increased exports. Company. 65 mn during 2022-2027, accelerating at a CAGR of 12. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. A comprehensive addition of several factors such as global distribution, manufacturers,. 9% from 2021 to. Additionally, the rising number of foreign tourists in the country is. 21 Billion value by 2027, exhibiting a CAGR of 6. Car Rental Market Outlook (2023 to 2033) The global car rental market is predicted to expand at an impressive CAGR of 9. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The market is projected to grow from USD 728. According to Precedence Research, the car rental market size is expected to hit around US$ 186. With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. 2% from 2021 to 2030. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. Clean energy and improved. Shift towards Electric/Hybrid. Demand For Rental Cars Due To Rise In International Tourism to Boost Growth | Technavio. 25% during the forecast period. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 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. 42 billion by 2027, registering a CAGR of 14. Due to the rising focus to decrease the emission of harmful. 57 billion in 2030, with a CAGR. 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. 24 billion in 2021 to USD 137. " Electric Car Rental Industry Statistics Cognitive Market. The total lithium-ion–battery market for EV passenger cars grew by 17 percent, to 117 gigawatt-hours in. 66% NEW YORK, Jan. 4 billion in 2023, the market is likely to surpass US$ 307. 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. 3. Apr 25, 2023 (The Expresswire) -- Global "Electric Car Rental Market" [2023-2030] Research Report furnishes an industry overview, encompassing significant. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. NEW YORK, Jan. 6% in terms of fleet size from rental segment during. According to the research report, “Indonesia Car Rental Market Outlook to 2021 – Rising Tourism and Growing Middle-Class Population to Foster Future Growth” expresses that the market is driven by the increasing number of foreign travellers daily. The U. Jan 04, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Electric Car Rental industry. 6% during the forecast period. Nissan LEAF. 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. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). 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. 6 Billion by 2030, growing at a CAGR of 4. Since the last time Deloitte reported on EV sales, significant regional disparities in growth have surfaced. The global Electric Car Rental market focuses on encompassing major statistical evidence for the Electric Car Rental industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. 47 thousand units by 2029, exhibiting a CAGR of 20. 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. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. This momentum is expected to continue, reaching $17. 65 mn during 2022-2027, accelerating at a CAGR of 12. New Jersey, N. The global electric car rental market size is expected to reach $17. , but industry analysts anticipate the EV market share in the U. Market Research. 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,. 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. 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 size is estimated to grow at a CAGR of 12. Page number. 64% between 2022 and 2027. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 15 million in 2021, and it is anticipated to increase to USD 2363. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. New York, March 09, 2020 (GLOBE NEWSWIRE) -- Reportlinker. 47 Million in 2021 and is expected to reach USD 1261. NEW YORK, Nov. Global Electric Car Rental Market 2023-2027 - Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. 8% by registering a revenue of $30,529. The growth of the market can primarily. , 2022 – 2030. The market is projected to register a CAGR of 10. 5% CAGR during the 2023 to 2029 assessment period. 65 mn during 2022-2027, accelerating at a CAGR of 12. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. Technavio's analysts forecast the global electric car rental market to grow at a CAGR of 11. Diesel cars accounted for more than 50% of EU auto sales in 2015, but in October 2023, that percentage had dropped to only 12%. The India car rental market is projected to grow at a CAGR of 9. 6% market share of electric cars in worldwide car sales constitutes a record. Basis Point Share (BPS. 7%. Details. 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. 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. Page number. 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. Three markets dominated global sales. 5%. 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. 65 mn during 2022-2027, accelerating at a CAGR of 12. 69 billion in 2022 to USD 131. 3 million, from 2. 14 billion during 2020-2024. The Europe car rental market is projected to exhibit a growth rate (CAGR) of 12. 03% during the forecast period. 7% from 2020 to 2027. Electric vehicles are gaining popularity and market share. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. The Global Electric Car Rental Market will grow by $7. 89 billion in 2022 to USD 214. Moreover,. The market was negatively impacted by COVID-19 in the first half of 2020. The electric car rental market has witnessed significant growth in recent years, driven by the rising demand for eco-friendly transportation solutions and the increasing popularity of electric vehicles (EVs) worldwide. Page number. 36 billion in 2027 with a CAGR of 15%. 99 billion in 2029, growing at a CAGR of 66. The report covers various aspects including Business Models,. 42 Million by 2027 registering a CAGR of over 9. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. The investments in the car-sharing market, at approximately $3 billion, are small compared with investments in e-hailing. 65 billion by 2030, exhibiting a CAGR of 4. 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. Overall, the price war has brought down the average price. This was over two and a half times more than in 2018. 24 billion in 2021 to USD 137. The growth of the car rental market; Analysis of the market’s competitive landscape and detailed information on vendors; Comprehensive details of factors that will challenge the growth of car rental market vendors; Related Reports: The electric car rental market size is estimated to grow at a CAGR of 12. 39 million by 2028, indicating a Compound Annual Growth Rate. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. 83% to reach US$2. " Global "Electric Car Rental Market" [NEW. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the. Global Electric Car Rental Market Growth, Share, Size, Trends and Forecast (2023 - 2029). Fully considering the economic change by. " Cognitive Market Research has recently published the 7th edition of Electric Car Rental Market Report 2023. . The Global Electric Car Rental Market is expected to grow at a CAGR of 9. The report offers an up-to-date analysis regarding the cur…Pricing Details. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. Consumer Interests for On Demand Transportation: Commuters are increasingly demanding familiar, reliable, and high. Jan 19, 2023 (Heraldkeepers) -- New Jersey, United States– Infinity Business Insights provides a report on the Electric Car Rental market that has a variety. Global Electric Car Rental Market Report Overview. Through meticulous Electric Car Rental market segmentation and trend analysis, we have identified key growth drivers, market challenges, and transformative forces shaping each industry sector. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. , BlueIndy LLC, and Enterprise Holdings Inc. 5 billion by 2033. 36 billion in 2027 at a CAGR of 15%. 157. The increased presence of top-notch companies and the. Electric Car Rental market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. That will be up from 7. 67 billion in 2020, growing at a CAGR of 6. It is expected to grow to USD 25. 5 million, throughout the analysis period. Report Coverage. The global market for car rental and leasing services is anticipated to reach a market size of US$ 312. 1 billion by 2026, at a CAGR of 16. 4% from 2021 to 2030. UK: forecast public charging revenue per electric vehicle 2016-2027. Download. 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. 18 trillion during 2021-2025, progressing at a CAGR of. Against this backdrop of sluggish sales in 2019, the 2. 2020. 3 billion in 2020 and is projected to reach $65. Revenue in the Car Rentals market is projected to reach US$29. 36% of the worldwide market.