Electric car rental market size expected to grow by USD 8.18 trillion, Avis Budget Group Inc. and Enterprise Holdings Inc. among major vendors
NEW YORK, August 8, 2022 /PRNewswire/ — The electric car rental market is fragmented. Suppliers are deploying organic and inorganic growth strategies to gain competitive advantage.
The size of the electric car rental market is expected to increase by $8.18 trillion from 2020 to 2025. Further, the growth momentum of the market will accelerate at a CAGR of 11.66% during the forecast period.
Technavio has announced its latest market research report titled Electric Car Leasing Market by Vehicle Class and Geography – Forecast and Analysis 2021-2025
Get a comprehensive summary of the report outlining the market size and forecast along with the research methodology. The Sample FREE Report is available in PDF format
Electric Car Rental Market 2021-2025: Scope
The Electric Car Rental Market report covers the following areas:
Electric Car Rental Market 2021-2025: Vendor Analysis
Avis Budget Group Inc., Enterprise Holdings Inc., ER CAPITAL Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXT SE, and Wattacars are among the major market players. The top offerings from a few of these providers are listed below:
- Reviews Budget Group Inc. – The company offers car rental services through the Avis mobile app.
- Enterprise Holdings Inc. – The Company offers car rental services under the Enterprise Rent-A-Car (ECAR) brand.
- ER CAPITAL Ltd. – The company offers car and van rental services in the UK and is expanding into the United States.
- Europcar Mobility Group S.A. – The company offers electric car rentals, as well as cables, a payment card and an app.
- Fleetdrive Management Ltd. – The company offers professional vehicle rental and value-added fleet management solutions.
This report provides a comprehensive list of major vendors, their strategies, and the latest developments. Request a FREE sample PDF now
Electric Car Rental Market 2021-2025: Driver and Challenge
The growing demand for rental cars due to the boom in international tourism is driving the growth of the market. International travel has increased dramatically across the world. It has contributed to job creation and the well-being of communities worldwide. Most tourists opt for rental cars instead of tourist services to explore the places. Rental cars offer advantages over taxis and tourist services in terms of privacy, security, freedom and lower costs. Thus, the growth of the tourism industry is crucial for the growth of the car rental market.
The global energy crisis is hampering the growth of the electric vehicle market, which challenges the growth of the electric car rental market. The demand for power to drive vehicles is increasing globally with the growth of hybrid vehicle and electric vehicle markets. Developing and underdeveloped countries, where electricity production meets only average daily consumption, cannot afford to have a large number of electric vehicles. Thus, the growing energy crisis in developing countries is a major impediment to the growth of electric vehicles and, consequently, to the global electric car rental market.
Electric car rental market 2021-2025: segmentation
- Vehicle category
- Geography
- Europe
- North America
- APAC
- South America
- AEM
Electric Car Leasing Market 2021-2025: Key Highlights
- Market CAGR over the forecast period 2021-2025
- In-depth information on factors that will contribute to the growth of the Electric Car Rental Market over the next five years
- Estimation of the size of the electric car rental market and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the electric car rental market
- Market Competitive Landscape Analysis and Detailed Vendor Information
- Comprehensive details of the factors that will challenge the growth of the Electric Car Rental Market vendors
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Scope of the electric car rental market |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 11.66% |
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Market Growth 2021-2025 |
$8.18 trillion |
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Market structure |
Fragmented |
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Annual growth (%) |
10.68 |
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Regional analysis |
Europe, North America, APAC, South America and MEA |
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Successful market contribution |
Europe at 43% |
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Main consumer countries |
United States, China, Germany, Italy and France |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
Avis Budget Group Inc., Enterprise Holdings Inc., ER CAPITAL Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXT SE and Wattacars |
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Market dynamics |
Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period. |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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Contents
Summary
Market landscape
- Market ecosystem
- Value chain analysis
Market sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market Outlook: Predictions for 2020 – 2025
Five forces analysis
- The bargaining power of buyers
- Bargaining power of suppliers
- The threat of new entrants
- The threat of substitutes
- Threat of rivalry
- Market state
Market segmentation by vehicle category
- Market segments
- Comparison by vehicle category
- Economy cars – Market size and forecast 2020-2025
- Luxury cars – Market size and forecast 2020-2025
- Market opportunity by vehicle category
Customer landscape
Geographic landscape
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2020-2025
- North America – Market size and forecast 2020-2025
- APAC – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Main leading countries
- Market Opportunity by Geography
- Market factors
- Market challenges
- Market trends
Supplier Landscape
- Insight
- Landscape disturbance
Vendor analysis
- Suppliers Covered
- Positioning on the supplier market
- Avis Budget Group Inc.
- Enterprise Holding Inc.
- ER CAPITAL Ltd.
- Europcar Mobility Group SA
- Fleetdrive Management Ltd.
- GreenMotion International
- Hertz Global Holdings Inc.
- Plug N Drive
- SIXT SE
- Wattacars
Annex
- Report scope
- Currency conversion rates for the US dollar
- Research methodology
- Abreviations list
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