A vertical stack of three evenly spaced. Electric Car Rental Market Research Report. Autonom Service, a car rental company, invested Euro 15 million (USD 16. Shift towards Electric/Hybrid. Taken together, car sharing and peer-to-peer. 527 million in 2027 from US$2,309. 65 million from 2022 to 2027. the growth momentum will progress. 40% over the forecast period, According to Intelligence Market ReportAccording to a 2023 report by market analysis company Market Research Future, the EV rental market size is expected to triple in growth by 2032. 5% during the forecast period. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. 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. 27 thousand units in 2022 and is expected to reach 139,846. The research report also covers the. 90 billion by 2028. Car rental is the service of renting automobiles for a specified period of time, either through offline or online channels. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. Western Europe’s growth. 0 billion by the next 5 years, registering a CAGR of 11% during the forecast period. 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. 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. 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. Pune, India. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. 3% during the forecast period. Global Electric Car Rental Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics. 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. 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. 15 million in 2021, and it is anticipated to increase to USD 2363. 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. It is bigger than it looks and has enough. . 13 billion in 2023 to USD 1,139. 5% from 2023 to 2030. The market is projected to grow from USD 43. 1. 21 billion, at CAGR of 6. 19, 2022 (GLOBE NEWSWIRE) -- According to a report by Vantage Market Research, the Global Electric Vehicle Market was worth USD 165. 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. 14 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast. to rise to 50 percent by 2030. 54 billion in 2022. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. A detailed study accumulated to offer Latest insights about acute features of the Electric Car Rental market. 34% in 2020 as compared to 2019. 6% market share of electric cars in worldwide car sales constitutes a record. The market is projected to register a CAGR of 10. 9 billion in 2022. 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. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 62 billion in 2020 and is projected to grow from USD 1. 65 million from 2022 to 2027. The car rental industry in Dubai alone accounted for 23. 7% during 2022–2030. 42 billion in 2021. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. 46 billion by 2029, exhibiting a CAGR of 6. 1% from 2022 to 2030. 1 billion by 2027, at a CAGR of 18. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. 65 mn during 2022-2027, accelerating at a CAGR of 12. electric vehicle market size was USD 24. 6% from 2021 to. 1% from 2023 to 2033. 7 Million by 2026, from USD 866. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. 64% during the forecast period. , but industry analysts anticipate the EV market share in the U. Those carshare numbers have roughly doubled in five or six years, demonstrating steady growth but not an explosion. Automobile Rental & Leasing Market Analysis. 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. 1 million electric car sales in 2019 represent a 6% growth from the previous year, down from year-on-year sales growth at least above 30% since 2016. NEW YORK, Jan. The attempt to get close to various pointers of the Global Electric Car Rental Market has led. The car rental market in UAE, under both rental and leasing models had a fleet of 110,000 passenger vehicles and 85,000 commercial vehicles in 2018 (with a total of 195,000). 94bn in 2023. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 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. 22, 2023 (GLOBE NEWSWIRE) -- The . 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. 2% in terms of revenues during 2022-2028. 91 billion in 2023 at a compound annual. Major Highlights from Electric Car Rental Market Study Market Breakdown by Applications: Electric Cars & Others Market Breakdown by Types: Economy cars & Luxury cars Executive Summary: In this. 56 billion by 2028, at a CAGR of 17. DOWNLOAD PDF. 46 billion by 2030, exhibiting a CAGR of 6. 30 billion. 32 billion in 2023 to USD 119. 32 EST. 14 billion during 2020-2024. Overall, the price war has brought down the average price. In 2022, the. Comprehensive details of factors that will challenge the growth of car rental market vendors. 5% from 2023 to 2032. The electric car rental market size is estimated to grow at a CAGR of 12. Clean energy and improved. 1 million, for year-on-year growth of just 9 percent. The Car rental market accounted for USD 119. The global electric bike market was estimated to generate USD 14,404. The market is projected to grow from USD 728. The demand for car rental services is being driven by a significant uplift in the number of people traveling for both business and pleasure all over. Germany Car Rental Market Analysis. 5 million, throughout the analysis period. Electric Car Rental Market Scope. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. 6% during the forecast period. 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. 60%. The Global Electric Car Rental Market will grow by $7. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. that we believe will shape the market over the coming decade. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 43 billion in 2028 at a CAGR of 25. 6%. 7% from 2020 to 2027. 3% during the forecast period. 65 mn during 2022-2027, accelerating at a CAGR of 12. Nissan LEAF | Electric Range: 240 / 363 km*. Pune, India, July 26, 2022 (GLOBE NEWSWIRE) -- The global car rental market size hit USD 68. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. New Study Reports “Electric Car Rental Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. North America to Have Lions Share in Car Rental Market By region, the car rental market covers growth opportunities and the latest trends across Europe, the Asia Pacific (APAC), North America, and. 65 mn during 2022-2027, accelerating at a CAGR of 12. 4 billion in 2023, the market is likely to surpass US$ 307. The global car rental & leasing market size was valued at USD 641. As per the reports, the car rental market was worth nearly USD 7,920 million in the. 89 billion in 2022 to USD 214. Forecast period. 2 Million in 2020, at a CAGR of 15. 7% from 2020 to 2027. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 0. 5 million electric cars, has the largest fleet. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. The global. The global electric car rental market is poised to grow by USD 7. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends,. 91 billion in 2023 at an impressive. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. 42 billion in 2021. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. It is expected to reach USD 25,956. China, with 4. 64% between. 9% from 2021 to. 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. Comprehensive details of factors that will challenge the growth of car rental market vendors;. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. EV sales are expected to continue strongly through 2023. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. The Indonesian car rental market is projected to witness a CAGR of 7. Over 2. Download. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. 42 Billion by the end of 2030. 15 million in 2021, and it is anticipated to increase to USD 2363. . 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. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. 01 billion in 2020, and is projected to reach $823. The market is expected to grow at a CAGR of 12. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. The Electric Car Rental Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. 49% CAGR and will total USD 119. com's offering. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. 6 billion. It is expected to grow to USD 25. Since the last time Deloitte reported on EV sales, significant regional disparities in growth have surfaced. The increasing demand. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. 13 billion in 2023 to USD 1,139. The report offers an up-to-date analysis regarding the. 4 Billion in 2021 and is projected to. The shared-mobility market (as defined in the sidebar) accounted for approximately $130 billion to $140 billion in global consumer spending in 2019 (Exhibit 1). 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. 9% over 2020. The market value is slated to rise from USD 82. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. L. 3. MRFR also estimates that the market expansion rate to be 15?tween 2019 and 2025 (appraisal period). Executive summary. 7 billion in 2021 and is projected to grow to USD 2. 4 million by 2027, increasing from $92,252. 5 billion in 2022. 50 billion in 2022 to $9. 1 billion in 2022, and is projected to reach $2. Lower emissions, not standards. Truck Rental Market Regional Insights. Europe will account for 42% of the growth of the. 2% from 2020 to 2025. By 2025 electric vehicles (EVs) will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040. 04 billion by 2027, registering a CAGR of 10. At 24. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. 4 Billion in 2021 and is expected to reach a value of USD 126. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. 36 billion in 2027 with a CAGR of 15%. As…Europe Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028). 59 billion by 2030 from valued at US$ 95. The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. The market is projected to grow from USD 82. Emerge as Key. Electric Car Rental Market is poised to grow at a CAGR of 14. In 2022, the market is growing at a steady rate and with the. The Europe vehicle rental market size was valued at USD 11. The COVID-19 pandemic hindered the growth of the car rental market owing to travel restrictions and the shutdown of several tourist agencies and car. 1 North America Electric Car Rental Market Sales. 36% of the worldwide market. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. That will be up from 7. They accounted for 88. 49 million in 2022 to USD 1,71,849. But in 2019, the number of units sold increased only to 2. Tokyo, Jan. 65 billion by 2030, exhibiting a CAGR of 4. The reports further project the market to attain a valuation of around USD 10,111. Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. The North America car rental market is estimated to increase at a CAGR of 17. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 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. 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 global electric vehicle (EV) charging infrastructure market size was valued at USD 19. MRFR also estimates that. The U. The potential growth difference for the electric car rental market between 2020 and 2024 is USD 7. The primary market drivers that favorably impact the market include the growth of the travel and tourism sector and increased cognizance of electric mobility services. , 2023 – 2033. , Fox Rent A Car, Avis Budget Group, Inc. 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). 23, 2021 /PRNewswire/ -- The global car rental market size is anticipated to reach USD 141. 24 billion in 2021 to USD 137. electric vehicle market size was USD 24. This kicked off a price war in the segment that dragged down the value of new EVs from Ford and GM. 11, 2023 /PRNewswire/ — According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The increase in technological advancements is driving the growth of car. 2 Million, at a CAGR of 15 % by 2030 | Wattacars, Blueindy, Zipcar, Zoomcar NEW YORK, NY, UNITED STATES, April 18, 2023. 2023-2027. Report Coverage. This momentum is expected to continue, reaching $17. To develop this. The global electric scooters market size was estimated at USD 33. 10 years later in 2021, that figure had grown close to 7 million vehicles. 75 billion by 2030, registering a CAGR of 18. The global electric car rental market is fragmented, and the five forces analysis covers–The Electric Car Rental Market report upholds the future market predictions with market size, revenue, production, Consumption, gross margin and other substantial factors. 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 segment value, growth, revenue, and demand in the market. Pune, May 20, 2021 (GLOBE NEWSWIRE) -- EV Market Analysis. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. 3% of new. 6% during the forecast period 2021-2026. Three markets dominated global sales. METHODOLOGY. Canada Electric Car Market volume was 38576. Base year. A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. The global car rental industry is highly lucrative and predicted to witness significant growth. Reserve today. 67 billion in 2020, growing at a CAGR of 6. Against this backdrop of sluggish sales in 2019, the 2. 2% during the forecast period (2023-2029) Canada Electric. 11% through 2028 on account of country's increasing domestic automobile market and increased exports. 89 billion in 2022 to USD 214. 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. 2% CAGR during the forecast period. 7 per cent growth in new companies registering this year as per RTA figures. The global car rental market forecast shall be $1,48,129. The Global Car care products market was valued at USD 6. The electric car rental market size is estimated to grow at a CAGR of 12. 7% from 2021 to 2028. 7% between 2016 and 2020. The global recreational vehicle market size was valued at USD 47. 4 million in 2019 at a healthy rate of 15. Follow. 08 Billion. The Future of Bike and Scooter Rental Market Economy Size Expected a Growth of $ 11,040 Million by 2028, According to Vantage Market Research (VMR) WASHINGTON, Dec. 0% in the 2021-2028 period. 21 billion by 2030, exhibiting a CAGR of 7. 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. Close. Apr 25, 2023 (The Expresswire) -- Global "Electric Car Rental Market" [2023-2030] Research Report furnishes an industry overview, encompassing significant. Intense competition, fluctuating prices, and shifting OEM. 6 billion. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. The 2. The. . Follow. The market is. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. 4 Billion in 2021 and is projected to. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. China was the frontrunner once again, accounting for around 60% of global electric car. 8% during the forecast period. 1 Billion in 2021 and is expected to be. 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. In. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. S. 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. 21 Billion value by 2027, exhibiting a CAGR of 6. Electric Car Rental Market Report 2022 focuses on company overview with market characteristics, geographical representation of industry size, share and growth analysis with revenue details and. The tools used to analyze the Global Subscription Car Rental Market research report include SWOT analysis. 5% according to RationalStat. 6% in terms of fleet size from rental segment during. 55 billion in 2028 at a CAGR of 6. The global electric car rental market is set for an electrifying surge, projecting growth from $8. This shows that despite the challenges, the car rental industry is poised for sustainable growth in. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. 47 Million in 2021 and is expected to reach USD 1261. 45 billion in 2021 and is projected to grow from USD 3. 36% over the forecast period. 10 Years of EV Sales by Country. announced that it had delivered 20 range-extended electric vehicles (R-EVs) to M93 Car Rental L. 7%. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. 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. 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. 4 billion in 2021 and is estimated to grow to about USD 132. Technology is a critical aspect expected to accelerate the market growth. 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. Growth momentum. Base year. 771 million in 2020. Shift towards Electric/Hybrid. 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. EV Market 2022-2030: The global electric vehicle market was valued at $163. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. Electric Car Rental Market was valued at USD 9. The Electric Car Rental Market is poised for continued growth. 28 billion in 2021, and it is expected to reach USD 223. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. , 2023-28. 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. According to the report, the. Accelerate at a CAGR of 11. The ”Electric Car Rental Market” report provides a comprehensive analysis of growth opportunities in various segments and sub-segments. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. and among others. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. Using public transportation can become time-consuming and unpredictable. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. 4m in 2020, representing a compound annual rate of change (CARC) of -15. Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future. Accelerate at a CAGR of 11. The growth of the market can primarily. com's offering. 04 billion in 2021 and expected to surpass a net valuation of USD 4. 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. 4 billion in 2021 and is estimated to grow to about USD 132. 1 billion by 2028, growing at a CAGR of 21. NEW YORK, Jan. Recent COVID-19 has disrupted the market growth. The electric car-rental market is projected to reach $19 billion (€19. 1% during 2023-2028. 47 Million in 2021 and is expected to reach USD 1261. 47 billion in 2022. In 2019, electric-vehicle (EV) sales set another sales record globally, and EVs became much more prominent in the public awareness in major. 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. Press release - Researchmoz - Electric Car Rental Market ? Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2026 including Top Players ALD Automotive, Arval, Sixt, Europcar. Diesel will. As per the reports, the car rental market was worth nearly USD 7,920 million in the. The Car Rental. 7 Billion by 2028, exhibiting a growth rate (CAGR) of 3. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. Currently, EVs make up only three to four percent of the new light duty market here in the U. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. Jan 19, 2023 (Heraldkeepers) -- New Jersey, United States– Infinity Business Insights provides a report on the Electric Car Rental market that has a variety. 8% during the forecast period. 53% during the forecast period 2019-2025. Advertisement. 44 billion by 2027 end, registering a solid CAGR growth of 13. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. UK: forecast public charging revenue per electric vehicle 2016-2027. C.