Car Rental Market Size

Prominent Companies in the Car Rental Industry from 2023 to 2028 | Current Share, Growth Rate, and Future Plans

Overview of Car Rental Market Study

The most recent publication by Markntel Advisor provides an extensive and unbiased analysis of the Global Car Rental Market, including its size, growth prospects, demand, share, and future scope. This comprehensive report is a culmination of meticulous research, unbiased opinions, and relevant data, addressing various aspects of the industry and its global market impact. Prepared by expert researchers, the report prioritizes the interests of shareholders and offers a detailed overview of the industry, covering every minute section and consolidating the major factors influencing market fluctuations.

Report Timeline:

The Report Include Answers The Following Questions:

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Estimation of Car Rental Market Size and Growth Until 2028

The Global Car Rental Market is projected to experience significant growth during the forecast period from 2023 to 2028, with an estimated Compound Annual Growth Rate (CAGR) of approximately 7%.

Geographical Breakdown of Car Rental Market:

The Car Rental market is categorized into the following regions:

Through regional analysis, the report aims to provide an overview and forecast of the market based on regional, cultural, regulatory, political, economic, social, technological, and other variations within the industry. This includes examining the presence or absence of major market players, consumer behavior, manufacturing sites, and other relevant factors.

Latest Trends in Car Rental Market:

Integration of Advanced Telematics to Car Rental Software to Create New Trends - Currently, car rental companies are increasingly integrating telematics to gain insights into fleet performance, driver behavior, and maintenance needs. For instance, in 2021, Rental Matics announced an integration with TSD Mobility Solutions’ car rental software system. The use of telematics is also helping rental companies to improve their customer's experience as it provides real-time information about estimated arrival time & vehicle location.

Along with this, advanced telematics helps rental companies by alerting the potential risks of thefts, accidents, and unauthorized use. Owing to this, the integration of advanced telematics is expected to continue to be a prominent factor in influencing market growth in the future.

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List of Prominent Companies in the Car Rental Market and Their Latest Investment/Development -

Hertz, along with private equity firm, Certares, participated in UFODrive's Series A funding round in February 2022, which raised around USD19 million. With this investment, Hertz aims to leverage UFODrive's digital rental & fleet management technology to manage its electric car fleet on a global scale.

Other Companies – 

The research report extensively covers key market players and their developments in the Car Rental market. The market is moderately fragmented, with numerous players holding insignificant market shares that individually impact the market dynamics. The report provides detailed information about these companies, including their profiles, offerings, financial data, key developments, and more.

Car Rental Market Analysis 2023-2028: Complete Segmentation Study 

By Booking Mode

By Application

By Vehicle Type

By Rental Category

By Driver Type

By Rental Duration

The market is broadly fragmented, encompassing various segments and sub-segments. The report aims to define, study, and predict the trajectory of each bifurcation, presenting information, trends, and advancements that affect the flow of these segments. This helps stakeholders navigate and thoroughly investigate the industry down to its minute details.

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Parameters for Examining the Car Rental Market Report

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