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Global Electric Car Rental Market 2017-2021

Global Electric Car Rental Market 2017-2021

About Electric Car Rental

Car rental services operate on the model of renting automobiles for short periods of time, generally ranging from a few hours to a few weeks. There is a network of local branches that assist the customers with easy pick up and drop facilities. Car rental agencies serve people who require a temporary vehicle; for example, those who do not own a car or tourists. The demand for car rental services has increased due to the growth of the tourism industry and the cost advantages they offer to the users.

Technavio’s analysts forecast the global electric car rental market to grow at a CAGR of 11.01% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric car rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electric Car Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Avis Budget Group
  • Enterprise Holdings
  • Europcar Group
  • Hertz
  • Sixt
Other prominent vendors
  • BlueIndy
  • DriveElectric
  • Drive Electric Orlando
  • DriveNow
  • Easirent
  • Green Motion
  • Wattacars
  • Zoomcar
Market driver
  • Increasing demand for rental cars due to rise in international tourism
  • For a full, detailed list, view our report
Market challenge
  • Global power crisis hindering the growth of EV market
  • For a full, detailed list, view our report
Market trend
  • Technological advancements in battery technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Electric Car Rental Market 2017-2021

Technavio recognizes the following companies as the key players in the global electric car rental market: Avis Budget Group, Enterprise Holdings, Europcar Group, Hertz, and Sixt.

Other Prominent Vendors in the market are: BlueIndy, DriveElectric, Drive Electric Orlando, DriveNow, Easirent, Green Motion, Wattacars, and Zoomcar.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advancements in battery technology. Advancements in battery technology are very critical to the growth of the EV market. Li-ion batteries do not adhere to Moore's Law and have a complex chemistry, which poses a challenge to faster technological advancements. Till date, only slight incremental updates have been made to enhance the performance of the batteries.”

According to the report, one driver in the market is increasing demand for rental cars due to rise in international tourism. The growth of international tourism is critical for the growth of the rental vehicle industry. In 2016, the tourism industry witnessed a healthy growth. International tourist arrivals grew in 2016, due the increase in travel by Asians. Europe was the most visited region followed by Asia-Pacific. Despite many issues related to safety and security, international travel continued to grow strongly and contribute to job creation and the well-being of communities around the world.

Further, the report states that one challenge in the market is global power crisis hindering the growth of EV market. With the growth of the hybrid vehicle and EV markets, the demand for power to drive the vehicles is also increasing globally. The developing and underdeveloped countries, where the power generation meets only average daily consumption, cannot afford to have a higher number of electric vehicles. For instance, 25% of the vehicles in Europe are EVs, which minimizes the consumption of approximately 13 million barrels of crude oil per day. However, it consumes around 11% of the global power demand.

Companies Mentioned

Avis Budget Group, Enterprise Holdings, Europcar Group, Hertz, Sixt, BlueIndy, DriveElectric, Drive Electric Orlando, DriveNow, Easirent, Green Motion, Wattacars, and Zoomcar.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Car rental business model
    • General rental terms
    • Car rental: Insurance and waivers
    • Importance of apps in the growth of car rental industry
  • Market landscape
    • Market overview
      • Table Global electric car rental market segmentation
    • Market size and forecast
      • Table Global electric car rental market 2016-2021 ($ billions)
      • Table Global car rental market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle category
    • Global electric car rental market segmentation by vehicle category
      • Table Global electric car rental market segmentation by vehicle category 2016 and 2021
      • Table Global electric car rental market segmentation by vehicle category 2016-2021
    • Global electric car rental market segmentation by economy cars
      • Table Global electric car rental market segmentation by economy cars 2016-2021 ($billions)
    • Global electric car rental market segmentation by luxury cars
      • Table Global electric car rental market segmentation by luxury cars 2016-2021 ($ billions)
  • Geographical segmentation
    • Table Global electric car rental market segmentation by geography 2016 and 2021
    • Table Global electric car rental market segmentation by geography 2016-2021
    • Electric car rental market in EMEA
      • Table Electric car rental market in EMEA 2016-2021 ($ billions)
    • Electric car rental market in Americas
      • Table Electric car rental market in Americas 2016-2021 ($ billions)
    • Electric car rental market in APAC
      • Table Electric car rental market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Technological advancements in battery technology
    • OEMs pushing for embedded telematics systems in BRIC nations
      • Table BRIC countries telematics brief
    • Introduction of battery swapping technology
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Avis Budget Group
      • Table Avis: Business segments
    • Enterprise Holdings
    • Europcar Group
    • Sixt
      • Table Sixt: Business units
    • Hertz
  • Appendix
    • List of abbreviations
  • Explore Technavio

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