Car rental companies are agencies that rent cars for a particular period at a certain cost. The services are mostly organized with several local branches and are generally located near the region's railway station, airport, and other busy areas. They prov...

Car Rental Market Size is expected to hold a CAGR of 9% with a value of USD 200 billion from 2021 to 2027.

Car rental is a service wherein cars are rented out to the consumers who do not own their individual cars or those who are out of their town. The car rental companies also offer insurance compensation to the consumers for damaged repair. Such companies of...

Increase in the per capita disposable income of the consumers will increase their purchasing power, which will further enhance their comfort of renting. In the past years, there has been a massive increase in the business and non-business trips around the...

Tourism has experienced a continuous growth and extending its diversification to become one of the fastest growing economic sector in the world. Modern tourism is closely linked to development and covers growing number of new destinations.

A trend gaining momentum in the car rental industry is the use of electric vehicles in these services. This is mostly owing to the surge in government-backed initiatives across countries in the form of policies and regulations that promote use of electric...

Car Rental Market Growth, Value, Revenue, Size, Share, Trends Forecast to 2027