The subscription car rental market in search of excellent growth: Carvolution, Carbar Autos, Enterprise Holdings, Porsche Cars North America
This press release was originally distributed by SBWire
New Jersey, USA – (SBWIRE) – 07/12/2022 – The latest Subscription Car Rental Market Research added by AMA Research provides detailed outlook and elaborates market research to 2027. The Market study is segmented by key regions which is accelerating the commoditization. At present, market players are strategizing and overcoming the challenges of the current scenario; some of the major players in the study are The Hertz Corporation (USA), Enterprise Holdings, Inc. (USA), Porsche Cars North America, Inc. (USA), FlexClub (Netherlands), Carvolution (Switzerland), Invygo (United Arab Emirates), Bipi (Spain), LMP Motors. (USA), Cluno GmbH (Germany), Canoo (USA), FreshCar (USA), Carbar Autos (Australia), SIXT (Germany), Europcar (France), selfdrive.ae (UAE) etc
The explored study is a perfect blend of qualitative and quantitative market data collected and validated mainly through primary data and secondary sources.
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Definition of the subscription car rental market:
Subscription car rental refers to a long-term rental where the user can rate one or more vehicles by paying a periodic fee. This is an alternative option of owning or leasing a car with no down payment or car loan. It covers insurance, roadside assistance and full maintenance for a monthly fee. Subscription car rental allows the user to extend, return or redeem the car whenever they want. This service also offers features like home delivery, verification checks and mileage based billing etc.
In the latest edition of this report, you will be entitled to receive an additional chapter/commentary on the latest scenario, economic downturn and the impact of COVID-19 on the overall industry. Furthermore, it will also provide qualitative insights on when the industry might get back on track and what possible steps industry players are taking to address the current situation. Each of the segment analysis charts for the forecast period also has a high % impact on growth.
This research is categorized differently considering the various aspects of this market. It also assesses the future situation considering the company’s project pipelines, long-term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used to analyze the Global Subscription Car Rental Market research report include SWOT analysis.
Market Growth Drivers:
– Growing demand for a flexible alternative to owning a car without any ties or liability
– Advancement in technology offering an app-based platform for the subscription car rental market
– Rising popularity of cars among individuals in developing countries is driving the subscription car rental market booming
Global Subscription Car Rental segments and market data breakdown are illustrated below:
by application (commercial, residential), service deployment (web-based, app-based, others), car type (electric car, gasoline or diesel car, others), subscription price (daily rental , monthly, annual, other)
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Market leaders and their expansionist development strategies
On July 27, 2021, RCI Bank and Services, the automotive captive of the Renault group, acquired Bipi, a multi-brand platform which is a benchmark in automotive subscription offers for used vehicles, a growing segment. Through this acquisition, RCI Bank and Services will extend its range of flexible all-inclusive products with multi-brand subscriptions dedicated to used vehicles. The Bipi will also make it possible to design subscription formulas for Mobilize activities, in order to meet the new expectations of motorists.
On June 15, 2021, Europcar Norway announced that it would launch its “Sesongbil” subscription service in Norway, and the service will be distributed through the Schibsted-owned FINN marketplace. At imove, we congratulate Europcar for its willingness to adapt to new consumer trends. We also welcome the fact that FINN is taking a clear position in the growing car subscription market. and On September 1, 2021, Selfdrive, an entity of Pinewoods Tech Serve launched an all-in-one smart mobility app. The app is a game-changer for the car rental space by providing its users with a seamless, reliable and convenient mechanism to rent a car on demand. The state-of-the-art mobile app offers direct access to the dealership’s fleet to its users, allowing them to rent a car by the day, subscribe by the month or rent a car for up to 3 years, offering complete flexibility within the reservation period.
Regional analysis of Global Car Rental Subscription Market is considered for the key regions such as Asia-Pacific, North America, Europe, Latin America and Rest of the World. North America is the first region in the world. Whereas, due to the increase no. research activities in countries such as China, India, and Japan, the Asia-Pacific region is also expected to show a higher growth rate during the forecast period 2021-2027.
– A comprehensive background analysis, which includes an assessment of the parent market
– Significant changes in market dynamics
– Market segmentation down to the second or third level
– Historical, current and projected market size from a value and volume perspective
– Report and assessment of recent industry developments
– Market shares and strategies of key players
– Emerging niche segments and regional markets
– An objective assessment of the trajectory of the market
– Recommendations to companies to strengthen their presence in the market
Strategic Points Covered in Table of Content of Global Car Rental Market:
Chapter 1: Introduction, Market Driving Product Objective of Study and Research Scope of Subscription Car Rental Market
Chapter 2: Exclusive Summary – the basic insights of the Subscription Car Rental market.
Chapter 3: Viewing Market Dynamics – Drivers, Trends and Challenges and Opportunities of Subscription Car Rental
Chapter 4: Presenting the Subscription Car Rental Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Product Display by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Subscription Car Rental Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To assess the market by segments, by countries and by manufacturers/company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Viewing the appendix, methodology and data source
Finally, the subscription car rental market is a valuable source of advice for individuals and businesses.
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Answers to key questions
– Who are the leading key players and what are their key business plans in the global Subscription Car Rental market?
– What are the key concerns of the five forces analysis of the global Subscription Car Rental market?
– What are the various prospects and threats faced by the dealers in the Global Car Rental by Subscription market?
– What are the strengths and weaknesses of the main suppliers?
Ultimately, this report will give you an unequivocal perspective on every market reality without the need to hint at any other research report or news source. Our report will give you all the realities of the past, present and eventual fate of the relevant market.
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