Market Trend : Car Rental Market in Europe Grow at a CAGR of 17.94% by Revenue During the Period 2017-2021
Car rental services operate in a network of pick-up/drop-off points and offer a range of vehicles. The vehicles are owned by an organization or firm that rents them to users for short periods of time, based on daily, monthly, or annual plans.
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Car rental has grown from a basic service provided by popular organizations to a widely recognized component of the urban transport market. It is also swiftly developing into a globalized industry that can provide many transportation, land use, environmental, and social benefits.
Technavios analysts forecast the car rental market in Europe to grow at a CAGR of 17.94% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the car rental mark et in Europe 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:
Western Europe
Eastern Europe
Technavio's report, Car Rental Market in Europe 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
Enterprise
Europcar
Hertz
Sixt
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Other prominent vendors
Alphabet
Arval
Hermes
Irish Car Rental
Maggiore
Market driver
Rising consolidation
For a full, detailed list, view our report
Market challenge
Stringent rules for car rental in Europe
For a full, detailed list, view our report
Market trend
Electric cars in rental industry
For a full, detailed list, view our report
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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?
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