LONDON–(COMMERCIAL THREAD) – The electric car rental market is expected to grow by USD 7.14 billion, growing at a CAGR of over 11% during the forecast period.
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The boom in international tourism is one of the main drivers of market growth. However, factors such as the global electricity crisis hampering the growth of the electric vehicle market will hamper the market growth.
More details: https://www.technavio.com/report/electric-car-rental-market-industry-analysis
Electric car rental market: landscape of vehicle categories
Consumers are increasingly concerned about the environment and are increasingly focusing on the adoption of green products. The shift in preference towards adopting economical electric vehicles for short journeys will help the growth of the electric car rental market in the economy car segment. In addition, the increase in range and the development of charging infrastructure will also influence the growth of the electric car rental market in this segment. The market growth in this segment will be faster than the market growth in the luxury car segment.
Electric car rental market: geographic landscape
Europe held the largest electric car rental market share in 2019 and the region will provide several growth opportunities for market vendors during the forecast period. The growth of the tourism industry and the increasing adoption of electric vehicles will significantly influence the growth of the electric car rental market in this region. 44% of the market growth will come from Europe during the forecast period. Germany and Italy are the key markets for electric car rental in Europe. Market growth in this region will be slower than market growth in APAC and North America.
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Covered companies:
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Avis Budget Group Inc.
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BlueIndy LLC
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Business Management Inc.
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ER Travel Services Ltd.
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Europcar Mobility Group SA
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Fleetdrive Management Ltd.
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International green movement
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SIXT SE
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The Hertz Company.
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Wattacars
What our reports offer:
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Market share assessments for regional and national segments
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Strategic recommendations for new entrants
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Covers market data for 2019, 2020, through 2024
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Market trends (drivers, opportunities, threats, challenges, investment opportunities and recommendations)
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Strategic recommendations in key business segments based on market estimates
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Competitive landscaping mapping the main common trends
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Company profile with detailed strategies, financial data and recent developments
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Supply chain trends mapping the latest technological advancements
Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.
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Main topics covered:
Abstract
Market landscape
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Market ecosystem
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Value chain analysis
Market sizing
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Market definition
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Market segment analysis
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Market size 2019
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Market Outlook: Forecast for 2019 – 2024
Five forces analysis
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The bargaining power of buyers
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Bargaining power of suppliers
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The threat of new participants
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The threat of substitutes
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Threat of rivalry
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State of the market
Market segmentation by vehicle category
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Market segments
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Comparison by vehicle category placement
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Economy Cars – Market Size and Forecast 2019-2024
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Luxury Cars – Market Size and Forecast 2019-2024
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Market opportunity by vehicle category
Customer landscape
Geographic landscape
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Geographic segmentation
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Geographic comparison
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Europe – Market Size and Forecast 2019-2024
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North America Market Size and Forecast 2019-2024
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APAC Market Size and Forecast 2019-2024
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South America Market Size and Forecast 2019-2024
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MEA – Market Size and Forecast 2019-2024
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Main leading countries
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Market opportunity by geography
Drivers, challenges and trends
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Market factors
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Volume Engine – Demand-Driven Growth
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Volume engine – Supply-driven growth
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Volume driver – External factors
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Volume driver – Changing demand in adjacent markets
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Price Driver – Inflation
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Price Driver – Switching from the cheapest units to the most expensive units
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Market challenges
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Market trends
Supplier landscape
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Overview
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Landscape disturbance
Supplier analysis
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Covered suppliers
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Positioning of sellers in the market
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Avis Budget Group Inc.
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BlueIndy LLC
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Business Management Inc.
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ER Travel Services Ltd.
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Europcar Mobility Group SA
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Fleetdrive Management Ltd.
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International green movement
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SIXT SE
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The Hertz Company.
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Wattacars
Annex
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Scope of the report
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Currency conversion rates for US $
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Research methodology
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Abreviations list
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