Europe Car Rental Market By Application (Airport Transport, Outstation, Local usage and others), By Vehicle Type (Economy cars, Executive cars, Luxury cars, SUVs and MUVs), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
Description
Europe Car Rental Market By Application (Airport Transport, Outstation, Local usage and others), By Vehicle Type (Economy cars, Executive cars, Luxury cars, SUVs and MUVs), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The Europe Car Rental Market would witness market growth of 3.9% CAGR during the forecast period (2021-2027).
The Car Rental Industry is rapidly expanding as an important vertical in the transportation business, benefiting not only customers and rental firms but also automobile manufacturers. Automobile manufacturers have devised lucrative schemes, such as car leasing, that allow small businesses to expand their fleet size without spending a lot of money.
Some of the growth factors for the overall Car Rental Market are economic growth, an increase in the use of luxury cars by corporations on business trips, and booming tourism industry. People are willing to spend more money in order to spend more time with their families.
Governments in nations such as the United Kingdom, France, Norway, and New Zealand are taking steps to minimize carbon emissions by promoting the use of electric vehicles. These measures are driving businesses to focus more on sustainable operations, lowering the overall cost of every trip. Because of the influx of international tourists, the United Kingdom would witness massive demand for car rental services.
In addition, features such as the ease with which rental vehicles may be booked online, the rising internationalization of business operations, expansion in the travel and tourist industry, air travel, and a movement in preference for comfort travel are anticipated to positively affect the growth of the regional Car Rental Market during the forecasting period.
The Germany market dominated the Europe Car Rental Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.20 billion by 2027. The UK market is exhibiting a CAGR of 3.1% during (2021 - 2027). Additionally, The France market would witness a CAGR of 4.6% during (2021 - 2027).
Based on Application, the market is segmented into Airport Transport, Outstation, Local usage and others. Based on Vehicle Type, the market is segmented into Economy cars, Executive cars, Luxury cars, SUVs and MUVs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avis Budget Group, Inc., Europcar Mobility Group, Enterprise Holdings, Inc., Hertz Global Holdings, Inc., Localiza, SIXT SE, Eco Rent a Car, ANI Technologies Pvt. Ltd. (Ola Cabs), and AVR Qatar, Inc.
Scope of the Study
Market Segments covered in the Report:
By Application
The Europe Car Rental Market would witness market growth of 3.9% CAGR during the forecast period (2021-2027).
The Car Rental Industry is rapidly expanding as an important vertical in the transportation business, benefiting not only customers and rental firms but also automobile manufacturers. Automobile manufacturers have devised lucrative schemes, such as car leasing, that allow small businesses to expand their fleet size without spending a lot of money.
Some of the growth factors for the overall Car Rental Market are economic growth, an increase in the use of luxury cars by corporations on business trips, and booming tourism industry. People are willing to spend more money in order to spend more time with their families.
Governments in nations such as the United Kingdom, France, Norway, and New Zealand are taking steps to minimize carbon emissions by promoting the use of electric vehicles. These measures are driving businesses to focus more on sustainable operations, lowering the overall cost of every trip. Because of the influx of international tourists, the United Kingdom would witness massive demand for car rental services.
In addition, features such as the ease with which rental vehicles may be booked online, the rising internationalization of business operations, expansion in the travel and tourist industry, air travel, and a movement in preference for comfort travel are anticipated to positively affect the growth of the regional Car Rental Market during the forecasting period.
The Germany market dominated the Europe Car Rental Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.20 billion by 2027. The UK market is exhibiting a CAGR of 3.1% during (2021 - 2027). Additionally, The France market would witness a CAGR of 4.6% during (2021 - 2027).
Based on Application, the market is segmented into Airport Transport, Outstation, Local usage and others. Based on Vehicle Type, the market is segmented into Economy cars, Executive cars, Luxury cars, SUVs and MUVs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avis Budget Group, Inc., Europcar Mobility Group, Enterprise Holdings, Inc., Hertz Global Holdings, Inc., Localiza, SIXT SE, Eco Rent a Car, ANI Technologies Pvt. Ltd. (Ola Cabs), and AVR Qatar, Inc.
Scope of the Study
Market Segments covered in the Report:
By Application
- Airport Transport
- Outstation
- Local usage
- Others
- Economy cars
- Executive cars
- Luxury cars
- SUVs
- MUVs
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Avis Budget Group, Inc.
- Europcar Mobility Group
- Enterprise Holdings, Inc.
- Hertz Global Holdings, Inc.
- Localiza
- SIXT SE
- Eco Rent a Car
- ANI Technologies Pvt. Ltd. (Ola Cabs)
- AVR Qatar, Inc.
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Table of Contents
79 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Car Rental Market, by Application
- 1.4.2 Europe Car Rental Market, by Vehicle Type
- 1.4.3 Europe Car Rental Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jun – 2021, Dec) Leading Players
- Chapter 4. Europe Car Rental Market by Application
- 4.1 Europe Airport Transport Market by Country
- 4.2 Europe Outstation Market by Country
- 4.3 Europe Local usage Market by Country
- 4.4 Europe Other Applications Market by Country
- Chapter 5. Europe Car Rental Market by Vehicle Type
- 5.1 Europe Economy cars Market by Country
- 5.2 Europe Executive cars Market by Country
- 5.3 Europe Luxury cars Market by Country
- 5.4 Europe SUVs Market by Country
- 5.5 Europe MUVs Market by Country
- Chapter 6. Europe Car Rental Market by Country
- 6.1 Germany Car Rental Market
- 6.1.1 Germany Car Rental Market by Application
- 6.1.2 Germany Car Rental Market by Vehicle Type
- 6.2 UK Car Rental Market
- 6.2.1 UK Car Rental Market by Application
- 6.2.2 UK Car Rental Market by Vehicle Type
- 6.3 France Car Rental Market
- 6.3.1 France Car Rental Market by Application
- 6.3.2 France Car Rental Market by Vehicle Type
- 6.4 Russia Car Rental Market
- 6.4.1 Russia Car Rental Market by Application
- 6.4.2 Russia Car Rental Market by Vehicle Type
- 6.5 Spain Car Rental Market
- 6.5.1 Spain Car Rental Market by Application
- 6.5.2 Spain Car Rental Market by Vehicle Type
- 6.6 Italy Car Rental Market
- 6.6.1 Italy Car Rental Market by Application
- 6.6.2 Italy Car Rental Market by Vehicle Type
- 6.7 Rest of Europe Car Rental Market
- 6.7.1 Rest of Europe Car Rental Market by Application
- 6.7.2 Rest of Europe Car Rental Market by Vehicle Type
- Chapter 7. Company Profiles
- 7.1 Avis Budget Group, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Partnerships, Collaborations, and Agreements:
- 7.1.4.2 Acquisition and Mergers:
- 7.1.4.3 Geographical Expansions:
- 7.2 Europcar Mobility Group (Eurazeo)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Recent strategies and developments:
- 7.2.3.1 Partnerships, Collaborations, and Agreements:
- 7.3 Enterprise Holdings, Inc. (The Crawford Group, Inc.)
- 7.3.1 Company Overview
- 7.3.2 Recent strategies and developments:
- 7.3.2.1 Partnerships, Collaborations, and Agreements:
- 7.3.2.2 Acquisition and Mergers:
- 7.4 Hertz Global Holdings, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional & Segmental Analysis
- 7.4.4 Research & Development Expenses
- 7.5 Localiza
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Partnerships, Collaborations, and Agreements:
- 7.5.2.2 Product Launches and Product Expansions:
- 7.6 SIXT SE
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Regional & Segmental Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.7 Eco Rent a Car
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Partnerships, Collaborations, and Agreements:
- 7.7.2.2 Geographical Expansions:
- 7.8 ANI Technologies Pvt. Ltd. (Ola Cabs)
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Product Launches and Product Expansions:
- 7.9 AVR Qatar, Inc.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Regional & Segmental Analysis
- 7.9.4 Research & Development Expenses
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