65 mn during 2022-2027, accelerating at a CAGR of 12. With many countries getting plugged into electrification, the global EV market has seen exponential growth over the last decade. 5 million electric cars, has the largest fleet. The global car rental & leasing market size was valued at USD 641. 9% from 2021 to. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. Forecast period. DOWNLOAD PDF. 99%, resulting in a projected market volume of. 65 mn during 2022-2027, accelerating at a CAGR of 12. 65 billion by 2030, exhibiting a CAGR of 4. 39%, resulting in a projected market volume of US$103. 8, 2022 /PRNewswire/ -- The electric car rental market is fragmented. 79 Billion in 2021 and is projected to reach USD 125. The global electric bike market was estimated to generate USD 14,404. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. C. The market is projected to register a CAGR of 10. That’s a huge decline from. 053 billion in 2019. 6% in terms of fleet size from rental segment during. Tokyo, Jan. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. New Jersey, NJ — — 05/18/2022 — 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. Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. The electric-vehicle land grab is reshaping economies and challenging political allegiances. This was over two and a half times more than in 2018. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. Three markets dominated global sales. 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. Download. Electric Car Rental Market Highlights Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. 14 bn during 2020-2024 Electric Car Rental Market 2020-2024 - Avis Budget Group Inc. To develop this. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. 7% from 2021 to 2028. 6% in terms of fleet size from rental segment during. 36 billion in 2021 and is forecast to register a CAGR of 7. The Electric Car Rental market industry is projected to grow from USD 11. The global car rental market size was valued at $92. 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. The electric car-rental market is projected to reach $19 billion (€19. 4 Billion in 2021 and is projected to reach a value of USD 126. 67 billion in 2020, growing at a CAGR of 6. According to Precedence Research, the car rental market size is expected to hit around US$ 186. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 8% during the forecast period. Forecast Year Market Size (2033) ~ USD 250 Billion. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. Page number. 55 billion in 2028 at a CAGR of 6. 4 billion in 2021 and is estimated to grow to about USD 132. 50 billion in 2022 to $9. 92 billion in 2019 and is projected to reach $214. Electric Vehicles market unit sales are expected to. 5% from 2023 to 2032. 50 billion in 2022 to $9. Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. METHODOLOGY. Related Reports. Follow. 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). 527 million in 2027 from US$2,309. 42 billion by 2027, registering a CAGR of 14. , but industry analysts anticipate the EV market share in the U. 42 billion and is expected to achieve a CAGR (Compound Annual Growth Rate) 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. Out of this, e-hailing accounted for the largest share, $120 billion to $130 billion, which is more than 90 percent of the total market. The report offers an up-to-date analysis regarding the. The global electric car rental market size is expected to grow from $8. 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. Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. Read More. The market is projected to grow from USD 82. Diesel cars accounted for more than 50% of EU auto sales in 2015, but in October 2023, that percentage had dropped to only 12%. 01 billion in 2020, and is projected to reach $823. 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. Dublin, Nov. 49% CAGR and will total USD 119. That will be up from 7. 10 years later in 2021, that figure had grown close to 7 million vehicles. NEW YORK, Nov. 8% by registering a revenue of $30,529. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. 1. Recent COVID-19 has disrupted the market growth. This report provides a detailed historical analysis of the global Electric Car Rental Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and. This press release features multimedia. Chapter 3: Electric Car Rental Market Historical (2023-2030) and Forecast (2023-2030) Volume and revenue analysis of Electric Car Rental Market in North America, Europe, Asia-Pacific, Latin. From a market valuation of US$ 153. Amid the COVID-19 pandemic-associated lockdowns, the e-bike rental market in India witnessed a significant decline in revenue due to the closure of transportation activities and the. Comprehensive details of factors that will challenge the growth of car rental market vendors. Follow. The report also provides and outlook on key market trends and leading players. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. Market Research Future (MRFR) expects the global electric vehicles market to reach USD 893. Pune, May 20, 2021 (GLOBE NEWSWIRE) -- EV Market Analysis. In UAE Electric Car Market the rising price of fuel is factor driving the growth of the electric car market in the UAE. The global electric car rental market size is expected to grow from $8. The total lithium-ion–battery market for EV passenger cars grew by 17 percent, to 117 gigawatt-hours in. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Electric vehicles will grow from 0. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. 8 million in 2022. 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. 4 million in 2019 at a healthy rate of 15. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. Three underlying reasons explain this trend:. 65 million from 2022 to 2027. 2 Billion in 2022. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. The Global Car Rental Market was valued at USD 98. 6 Billion by. 83 Billion by the end of 2032. This shows that despite the challenges, the car rental industry is poised for sustainable growth in. . 7% in Q2 of 2021). The global commercial vehicle rental and leasing market size was valued at USD 77. 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. Key Insights from Primary Research: As per the analysis shared by our key respondents, the Electric Vehicle market is expanding at a CAGR of around 24. 30, 2023 (GLOBE NEWSWIRE) -- The electric vehicle charging station market size to hit USD 111. Global Electric Car Rental Market Report Overview. 5% from 2023 to 2030. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 54 billion in 2022. Forecast period. 4bn by 2028. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the. Executive summary. The report titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” provides a comprehensive analysis on the car rental market of the Philippines. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. Latest Market Analysis Research Report on “Global Electric Car Rental Market 2020” has been added to Wise Guy Reports database. The global car rental market size reached US$ 79. 6% during the forecast period. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. 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. E-bikes enable users to cycle further and more often. Global Electric Car Rental Market Growth (Status And Outlook) 2023-2029. The electric car rental market size is estimated to grow at a CAGR of 12. 12 Billion from 2023 to 2028. In Europe, car rentals are usually available at affordable costs. 1 billion by 2032, growing at a CAGR of 6. Trend 1: Europe continues to lead EV adoption. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. In Q2 2022, EV sales accounted for 5. Revenue in the Car Rentals market is projected to reach US$29. 22% during the forecast period, 2022-2027. 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. this year, according to Atlas Public Policy. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. The growth of the market depends on several factors, including increasing demand for rental cars due to the rise in international tourism, the need for optimum performance. Yet technology, new transportation models, shifting demographics and changing. 2021-2025. The global market for car rental and leasing services is anticipated to reach a market size of US$ 312. 1 billion by 2028, growing at a CAGR of 21. Electric vehicles are gaining popularity and market share. S. 5 billion in 2019 to 10. 08 billion in 2021. 01% during the period 2017-2021. . As…Europe Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028). 16 billion in. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 2022. com 📞 +1 (855) 661-4441(US) 📞. Follow. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. 7% between 2016 and 2020. The Electric Vehicle. Details. Europe will account for 42% of the growth of the. 1 North America Electric Car Rental Market Sales. 1% during 2023-2028. electric vehicle market size was USD 24. Global electric car rental market - Five forces. 26 billion in 2023 to USD 63. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. In addition to this, the market generated. S. The global car rental market is estimated to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i. 6% from 2021 to 2028. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. 13 billion in 2023 to USD 1,139. EV Market 2022-2030: The global electric vehicle market was valued at $163. A detailed market share and penetration of different types, processes, and geographies in the Electric Car Rental market from 2001 to 2028 is included. 39 million by 2028, indicating a Compound Annual Growth Rate. Report Coverage. The market is projected to grow from USD 12. The global car rental market size was valued at $92. Details. “EV growth is here to stay, so we will see more EVs in all parts of our automotive. 9% from 2023 to 2030. The report covers the present scenario and the growth prospects of. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 0 billion in the current year. 69 billion in 2022 to USD 131. EV sales are expected to continue strongly through 2023. 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. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. 64% during the forecast period. Total annual revenue for carsharing in the U. 4 Billion in 2021 and is expected to reach a value of USD 126. The UAE electric vehicle market would register growth during the forecast period. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. The global electric car rental market is set for an electrifying surge, projecting growth from $8. 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. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 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. 3 Billion by 2030 at a 6. 48 billion in 2023 to USD 1,579. China, with 4. The North America car rental market is estimated to increase at a CAGR of 17. 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. 25% during the forecast period. 89 billion in 2022 to USD 214. 2 Million in 2020, at a CAGR of 15. 45 billion in 2021 and is projected to grow from USD 3. With rising pollution and population, and. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 1. 08 Billion. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. 7 per cent growth in new companies registering this year as per RTA figures. The 2. 21 billion by. 01% during the period 2017-2021. The. 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. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 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. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. 50 billion in 2022 to $9. 5%. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market. Base year. The market is projected to grow from USD 48. Electric Car Rental Market is poised to grow at a CAGR of 14. The analysts forecast the global electric car rental market to grow at a CAGR of 11. com Website: LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. 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 Research Report, Vehicle Type, Application, Service and Region - Forecast till 2027” the global market size is projected to reach around USD 19. 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. 54 billion in 2023, boasting a noteworthy Compound Annual. 7% in Q2 of 2021). Market Research. 89 billion in 2022 to USD 214. 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. 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 Australian car rental market had total revenues of $584. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. 62 billion in 2020 and is projected to grow from USD 1. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's latest market. , BlueIndy LLC, and Enterprise Holdings Inc. 3 billion in 2020 and is projected to reach $65. 65 mn during 2022-2027, accelerating at a CAGR of 12. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. Market Size (2027) $134. 50 billion in 2022 to $9. China was the frontrunner once again, accounting for around 60% of global electric car. 54 billion in 2022 to USD 137. 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. 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. Due to the rising focus to decrease the emission of harmful. 04 billion by 2027, registering a CAGR of 10. 4 Billion in 2021 and is projected to. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 6% during the forecast period. 120. The global car rental & leasing market size was valued at USD 641. 13 billion in 2021, and it is expected to reach USD 20. 5% during the forecast period. 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). 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. 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 ). 5% in terms of fleet size from leasing segment and 4. . . 50 billion in 2022 to $9. Introduction 5. e. 65 mn during 2022-2027, accelerating at a CAGR of 12. 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. The high demand for electric car rental services, associated advantages and the rise in demand for sustainable travelling solutions, energy-friendly travelling options, and environmental awareness to minimize carbon emission are the factors leading to the growth of the Electric Car Rental Market. Fully considering the economic change by. Premium Report Details. 65 mn during 2022-2027, accelerating at a CAGR of 12. Reserve today. 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. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. 40% over the forecast period, According to Intelligence Market Report. 57 billion in 2030, with a CAGR. The environmental impact of conventional gasoline vehicles and the rise in fuel prices have paved the way for. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. 6%. Recreational Vehicles (RVs) are portable units mounted on chassis and wheels. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. Accelerate at a CAGR of 11. 3% during the forecast period. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. 14 bn during 2020-2024, progressing at a CAGR. 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. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. L. To get the exact yearly growth variance and the Y-O-Y growth rate, View Report Snapshot. Forecast period. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 1 billion in 2022, and is projected to reach $2. The global golf cart market size was USD 1. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. The global car rental market forecast shall be $1,48,129. Clean energy and improved. Nissan LEAF. . The electric car rental market size is estimated to grow at a CAGR of 12. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 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. that we believe will shape the market over the coming decade. e. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 7 billion in 2021 and is projected to grow to USD 2. 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. 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. 4 billion in 2021 and is estimated to grow to about USD 132. 6% of the total auto market (up from 2. 1% market share. Key takeaways. 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). In contrast, the United States market for BEVs. 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 billion in 2022. 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. In the upcoming 5 years, the market for renting and leasing cars is expected to register a CAGR of more than 9% per year. 10 years later in 2021, that figure had grown close to 7 million vehicles. 6% during the forecast period 2021-2026. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 13, 2021 (GLOBE NEWSWIRE. Those carshare numbers have roughly doubled in five or six years, demonstrating steady growth but not an explosion. The increase in technological advancements is driving the growth of car. 65 mn during 2022-2027, accelerating at a CAGR of 12. The research assessment of the Market is designed to analyze futuristic trends. The electric car rental market size is estimated to grow at a CAGR of 12. Company. New Jersey, United States – Analysis of Electric Car Rental Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast The. The size of the worldwide electric car rental market was USD 867. 6% from 2021 to. 6 Billion by 2028. 64% between 2022 and 2027. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. 2. . 59 billion by 2030 from valued at US$ 95. 64% during the forecast period. 44 billion by 2027 end, registering a solid CAGR growth of 13. 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.