6% from 2021 to 2028. , 2023 – 2033. The size of the worldwide electric car rental market was USD 867. 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. 7% between 2016 and 2020. 7 Million by 2026, from USD 866. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 14 bn during 2020-2024 Electric Car Rental Market 2020-2024 - Avis Budget Group Inc. 3 billion in 2020 and is projected to reach $65. Shift towards Electric/Hybrid. Germany car rental was valued at USD 2. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. 4 billion in 2021 and is estimated to grow to about USD 132. 83% to reach US$2. 89 billion in 2022 to USD 214. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. Looking forward, IMARC Group expects the market to reach US$ 95. 1% during 2023-2028. 1% from 2021 to 2028. 4 Billion in 2021 and is projected to reach a value of USD 126. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. 1% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation) [220+ Pages Latest Report] According. 64% during the forecast period. 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. Market Size (2027) $134. 91 billion in 2023 at a compound annual. 9% from 2023 to 2030. 75 billion by 2030, registering a CAGR of 18. The growth of the market can primarily. 6%. 43 billion in 2028 at a CAGR of 25. Electric Car Rental Market Scope. " Cognitive Market Research has recently published the 7th edition of Electric Car Rental Market Report 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. 96 million by 2033, growing at a CAGR of 5. Clean energy and improved. The car sharing market size was worth USD 2. The report covers the present scenario and the growth prospects of. 65 mn during 2022-2027, accelerating at a CAGR of 12. 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. It is bigger than it looks and has enough. 6 Billion by 2030, growing at a CAGR of 4. 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. 4% in the 2021-2028 period. 65 million from 2022 to 2027. . In Europe, car rentals are usually available at affordable costs. DOWNLOAD PDF. It is expected to grow to USD 25. The electric car rental market size is estimated to grow at a CAGR of 12. 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. In Q2 2022, EV sales accounted for 5. Electric cars earned a record-high the market share of 75% in Norway, up about one-third from 2019. 47 Million in 2021 and is expected to reach USD 1261. Electric Car Rental Market Size, Growth Rate, And Forecast The global electric car rental market size is expected to grow from $8. 03 billion in 2020. 7% from 2020 to 2027. NEW YORK, June 22, 2021 /PRNewswire/ -- The global electric car rental market is poised to grow by USDLONDON--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 3% during the forecast period. GCC Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)The global market for Electric Car Rental in Airport is estimated to increase from USD million in 2023 to USD million by 2029, at a CAGR during the forecast period of 2023 through 2029. According to the research report, “Indonesia Car Rental Market Outlook to 2021 – Rising Tourism and Growing Middle-Class Population to Foster Future Growth” expresses that the market is driven by the increasing number of foreign travellers daily. 04 billion in 2021 and expected to surpass a net valuation of USD 4. The North America car rental market is estimated to increase at a CAGR of 17. Three underlying reasons explain this trend:. Also, the advent of robotaxis coupled with the rising adoption of car rentals in electric vehicle sectors have bolstered the market growth. For example, sales of EVs grew by 15 per cent in 2019 compared to 2018, driven by the growth of BEVs in Europe (+93 per cent), China (+17 per cent) and ‘other’ regions (+22 per cent). The market is projected to grow from USD 82. The key. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian Ambrose Wed 22 Nov 2023 13. The growth of the travel and tourism sector. The segment value, growth, revenue, and demand in the market. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. 65 mn during 2022-2027, accelerating at a CAGR of 12. 32 EST. 5%. About Us. 11, 2023 /PRNewswire/ — According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The global electric car rental market is forecast to grow by. 1 million, for year-on-year growth of just 9 percent. DOWNLOAD PDF. 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. The car rental industry in Dubai alone accounted for 23. 2% from 2020 to 2025. The market is. The attempt to get close to various pointers of the Global Electric Car Rental Market has led. Accelerate at a CAGR of 11. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. Vehicle rental in Europe is the practice of renting or leasing a passenger car or commercial vehicle for the short term. The U. 49% between 2020-2025. Electric Car Rental Market Trends, Growth Opportunities, and Forecast Scenarios to 2028 Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the. 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. NEW YORK, Jan. Report Coverage. 2020. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. 8% during the forecast period. 15% during the forecast period (2023-2028). Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. The Car Rental market was estimated to be worth. The global car rental & leasing market size was valued at USD 641. 64% between. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian. e. 4 billion in 2023, the market is likely to surpass US$ 307. 00% during the forecast period (2023 - 2032). 2020. 8 billion in 2021 and is expected to reach USD 185. 4m in 2020, representing a compound annual rate of change (CARC) of -15. Global Electric Car Industry. In Europe, car rentals are usually available at affordable costs. 5 million electric cars, has the largest fleet. com's offering. The truck rental market in Europe accounted for the biggest share, worth USD 42. Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032. Pune, India. 83 Billion by the end of 2032. 99%, resulting in a projected market volume of. 50 billion in 2022 to $9. In addition to this, the market generated. The global car rental market size reached US$ 79. 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. 9 Billion by 2023, growing at a CAGR of 8. Sustained policy support has been one of the main reasons for strong electric car sales in many markets, with overall public spending on subsidies and. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. 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. 14 bn during 2020-2024, progressing at a CAGR. The China Electric Vehicles Market size is expected to grow from USD 260. 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. 49 million in 2022 to USD 1,71,849. 22% during the forecast period, 2022-2027. 9 percent over the forecast period. 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 ). A number of trends are influencing the car rental market, which include the transition to electric car rental vehicles, the increasing use of rental cars for leisure purposes and the incorporation of shared mobility into the car rental business model. China, with 4. 14 billion during 2020-2024. Electric Car Rental Industry compound annual growth rate (CAGR) will be XX% from 2023 till 2030. Pune, Feb. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The Russia. 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. to rise to 50 percent by 2030. , Jan. Revenue in the Car Rentals market is projected to reach US$99. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. With many countries. 70% during the forecast period from 2023 to 2032. 7 per cent growth in new companies registering this year as per RTA figures. 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. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. The global electric car rental market size is expected to grow from $8. In 2022, the market is growing at a steady rate and with the. 50 billion in 2022 to $9. 21 Billion value by 2027, exhibiting a CAGR of 6. Electric Car Rental Market Research Report Analysis By 2027 | Electric Car Rental Industry Information By Vehicle Type, Application, Service and Region - Forecast till 2027 - News and Updates info@marketresearchfuture. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 80% during 2023-2028 . The Global Electric Car Rental Market will grow by $7. Follow. 8 million in 2022. 28 billion in 2021, and it is expected to reach USD 223. China was the frontrunner once again, accounting for around 60% of global electric car. The Australian car rental market had total revenues of $584. 65 mn during 2022-2027, accelerating at a CAGR of 12. Market consumption volumes declined with a CARC of . According to Precedence Research, the car rental market size is expected to hit around US$ 186. 13 billion in 2023 to USD 1,139. The tourism sectors in cities are expanding, which is expected to have a beneficial impact on the Indonesian car rental market growth. This paves the way for remarkable growth in the global car rental market over the forecast period. Official forecasts for electric car take-up have been slashed. 59 billion by 2030 from valued at US$ 95. The Electric Car Rental Market is poised for continued growth. 2 million in 2021, up 1. 46 billion by 2029, exhibiting a CAGR of 6. Forecast period. The potential growth difference for the electric car rental market between 2020 and 2024 is USD 7. 2022. The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. 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. 2% during the forecast period (2023-2029) Canada Electric. Our latest report on the luxury-automobile market updates McKinsey’s extensive research on the sector. Due to the rising focus to decrease the emission of harmful. 17 billion by 2028, registering a CAGR of 4. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. Canada Electric Car Market volume was 38576. Follow. The Car Rental. 65 billion by 2030, exhibiting a CAGR of 4. com 📞 +1 (855) 661-4441(US) 📞. 5% in terms of fleet size from leasing segment and 4. 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. 39%, resulting in a projected market volume of US$103. 4% in the 2021-2028 period. -October 29, 2020 at 04:31 am- MarketScreener. 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. , BlueIndy LLC, and Enterprise Holdings Inc. The Global Car Rental Market size is expected to be worth around USD 275 Billion by 2032, From USD 121. 25. 2% CAGR during the forecast period. 54 billion in 2022 to USD 137. 2% in terms of revenues during 2022-2028. The total number of road motor vehicles registered in Canada increased to 26. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. This kicked off a price war in the segment that dragged down the value of new EVs from Ford and GM. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 60%. 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. Wilmington, Delaware, Sept. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. 5 million, throughout the analysis period. Total annual revenue for carsharing in the U. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 50 billion in 2022 to $9. The report offers an up-to-date analysis regarding the. 2017-2021. Diesel cars accounted for more than 50% of EU auto sales in 2015, but in October 2023, that percentage had dropped to only 12%. In the upcoming 5 years, the market for renting and leasing cars is expected to register a CAGR of more than 9% per year. 22% during the forecast period, 2022-2027. 4bn by 2028. com Website: Electric Car Rental Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. 5 billion by 2033. Moreover, the growth momentum will progress. The market is projected to grow from USD 12. MRFR also estimates that. 25% during the forecast period. NEW YORK, Nov. The global electric vehicle market size was valued USD 384. The global car rental & leasing market size was valued at USD 641. 65 mn during 2022-2027, accelerating at a CAGR of 12. 18 trillion during 2021-2025, progressing at a CAGR of. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 2020. Global Electric Car Rental Market Growth, Share, Size, Trends and Forecast (2023 - 2029). However, registrations of multi-purpose vehicles have experienced the most. 42 billion in 2021. 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. 26 billion in 2023 to USD 63. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's latest market. 69 billion in 2022 to USD 131. 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. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 1 billion by 2026, at a CAGR of 16. 42 billion and is expected to achieve a CAGR (Compound Annual Growth Rate) of 7. From a market valuation of US$ 153. Electric Car Rental Market Research Report. +1 217 636 3356 +44 20 3289 9440 [email protected] Menu. 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. The study report offers a comprehensive analysis of Global Electric Car Rental Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth. 1. The market was negatively impacted by COVID-19 in the first half of 2020. 92 billion in 2022. 01% during the forecast period. C. The global car rental market forecast shall be $1,48,129. Electric Car Rental Market is poised to grow at a CAGR of 14. Autonom Service, a car rental company, invested Euro 15 million (USD 16. 01 billion in 2020, and is projected to reach $823. 14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4. 11% through 2028 on account of country's increasing domestic automobile market and increased exports. 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. 000 billion. 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,. 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. 44 billion by 2027 end, registering a solid CAGR growth of 13. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. 3 million, from 2. The Global Car Rental Market was valued at USD 98. In 2022, the. S. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. 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. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. Read More. Due to the COVID-19 pandemic, the global Electric Car Rental market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of. S. 01% during the period 2017-2021. The increased presence of top-notch companies and the. TheNEW YORK, Nov. Base year. 6 billion. 3 Billion by 2030 at a 6. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. The increasing demand. A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. Page number. New York, March 09, 2020 (GLOBE NEWSWIRE) -- Reportlinker. SAN FRANCISCO, Sept. Introduction 5. The global electric vehicle rental market is estimated to garner a substantial revenue and grow at a CAGR of ~7% over the forecast period, i. 15 million in 2021, and it is anticipated to increase to USD 2363. Pune, India, July 26, 2022 (GLOBE NEWSWIRE) -- The global car rental market size hit USD 68. The Europe vehicle rental market was valued at over USD 13. 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. 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 passenger vehicle (PV) segment remained dominant with 73. In Q2 2022, EV sales accounted for 5. 18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. 65 million from 2022 to 2027. 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. Research Methodology. 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. UK: forecast public charging revenue per electric vehicle 2016-2027. 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. Market Research. Page number. 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. A vertical stack of three evenly spaced. 92 billion in 2019 and is projected to reach $214. 1 billion by 2030, with a CAGR of 6. The research estimates global Electric Car Rental market revenues in 2021, considering the Electric Car Rental market prices, supply, demand, and trade analysis across regions. 9% from 2021 to. Base year. 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. Follow. 16 billion in. 65 mn during 2022-2027, accelerating at a CAGR of 12. 01 Million) for the expansion of electric and hybrid car rental services across Romania. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. The reports further project the market to attain a valuation of around USD 10,111. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. 42 billion in 2021. Report Coverage. 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. 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. The global electric car rental market size is expected to grow from $8. 1% from 2023 to 2033. The United States vehicle rental market is majorly dominated by Avis Budget Group, Enterprise Rent-A-Car and Hertz Global Holdings Inc. 10 Years of EV Sales by Country. 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 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. According to the report, the. 2021-2025. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. In. The Market Outlook. The Australian car rental market had total revenues of $584. In 2019, electric-vehicle (EV) sales set another sales record globally, and EVs became much more prominent in the public awareness in major. Jan 19, 2023 (Heraldkeepers) -- New Jersey, United States– Infinity Business Insights provides a report on the Electric Car Rental market that has a variety. the growth momentum will progress. It focuses on five significant trends in the global luxury-automobile segment 1 Cars with a manufacturer’s suggested retail price (MSRP) of $80,000 or more. 0% in the 2021-2028 period. 56 billion by 2028, at a CAGR of 17. 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. The research report also covers the. 91 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 16. The UAE electric vehicle market would register growth during the forecast period on account of an increase in tourist footfall in the country which is going to expand the car rental business in the emirates, coupled with domestic. The 2. As for South America and Middle East & Africa , the construction equipment rental market is emerging. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. LPI (LP Information)' newest research report, the â Electric Car Rental Industry Forecastâ looks at past sales and reviews total world Electric Car Rental sales in 2022, providing a comprehensive analysis by region and market. 36% by 2027, the rising. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. A comprehensive addition of several factors such as global distribution, manufacturers,. What are the future trends you foresee in this market over the. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. Lower emissions, not standards. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture. Technology is a critical aspect expected to accelerate the market growth. Forecast period. 24 billion in 2021 to USD 137. 65 mn during 2022-2027, accelerating at a CAGR of 12. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3.