The UAE electric vehicle market would register growth during the forecast period on account of an increase in tourist footfall in the country which is going to expand the car rental business in the emirates, coupled with domestic. Electric Car Rental Market report from ReAnIn offers insights on Global Market Size (Historical and Forecast), Market Share, Latest Trends across Market Segments, Competitive Landscape and Market Dynamics. The global. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 5 billion in 2019 to 10. 7 billion in 2021 and is projected to grow to USD 2. UK: forecast public charging revenue per electric vehicle 2016-2027. The attractive incentives being offered by the. By contrast, electric car sales are lagging in most emerging and developing economies where only a few models are often available and at prices that are unaffordable for mass-market consumers. Nissan LEAF | Electric Range: 240 / 363 km*. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. The 2. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. Electric Car Rental Market is poised to grow at a CAGR of 14. , but industry analysts anticipate the EV market share in the U. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. NEW YORK, Jan. A number of trends are influencing the car rental market, which include the transition to electric car rental vehicles, the increasing use of rental cars for leisure purposes and the incorporation of shared mobility into the car rental business model. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Car Rental Market. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Press release - Researchmoz - Electric Car Rental Market ? Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2026 including Top Players ALD Automotive, Arval, Sixt, Europcar. 1 billion by 2028, growing at a CAGR of 21. 91 billion in 2023 at a compound annual. 6%. To get the exact yearly growth variance and the Y-O-Y growth rate, View Report Snapshot. The shared-mobility market (as defined in the sidebar) accounted for approximately $130 billion to $140 billion in global consumer spending in 2019 (Exhibit 1). 3. MRFR also estimates that. . The Global Electric Car Rental Market will grow by USD 7. The research estimates global Electric Car Rental market revenues in 2021, considering the Electric Car Rental market prices, supply, demand, and trade analysis across regions. According to the Market Statsville Group (MSG), the global car rental market size is expected to grow from USD 99,430. To develop this. 34% in 2020 as compared to 2019. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 65 million from 2022 to 2027. 2021-2025. 21 billion, at CAGR of 6. Electric Car Rental Market Size was valued at USD 9. 22% during the forecast period, 2022-2027. The average price paid for an electric vehicle in the United States was less than $51,000 in September, according to Cox Automotive. That will be up from 7. In 2022, the market is growing at a steady rate and with the. Global Electric Car Rental Market 2021-2025 The analyst has been monitoring the electric car rental market and it is poised to grow by $ 8. China was the frontrunner once again, accounting for around 60% of global electric car. The UAE electric vehicle market would register growth during the forecast period. Global Electric Car Industry. 64% during the forecast period. The Future of Bike and Scooter Rental Market Economy Size Expected a Growth of $ 11,040 Million by 2028, According to Vantage Market Research (VMR) WASHINGTON, Dec. 25% to reach US$3,769. Diesel cars accounted for more than 50% of EU auto sales in 2015, but in October 2023, that percentage had dropped to only 12%. 25. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 2% during the forecast period (2023-2029) Canada Electric. Electric Vehicles market unit sales are expected to. Follow. 92 billion in 2022. The Global Car care products market was valued at USD 6. Experts say the rental car industry trend reflects America’s broader societal shift toward electric cars. 3 Billion by 2030 at a 6. com's offering. 28 billion in 2021, and it is expected to reach USD 223. 64% between 2022 and 2027. GCC Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)The global market for Electric Car Rental in Airport is estimated to increase from USD million in 2023 to USD million by 2029, at a CAGR during the forecast period of 2023 through 2029. 4 million by 2027, increasing from $92,252. 66% NEW YORK, Jan. This was over two and a half times more than in 2018. Forecast period. and Y-o-Y Growth 4. 120. The key. METHODOLOGY. The Electric Car Rental Global Market Report 2023, provides comprehensive information on the electric car rental market across 60+ geographies in the seven regions — Asia-Pacific, Western Europe…According to industry estimates the Electric Car Rental market growth is projected to expand between 12. Market Research Future (MRFR) expects the global electric vehicles market to reach USD 893. The Global Car Rental Market is forecast to grow. 1 Billion in 2021 and is expected to be. An electric bike is a bicycle with a motor and rechargeable batteries that assist the rider and alleviate some of the pressure of pedaling. The increase in technological advancements is driving the growth of car. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. 14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4. 44 billion by 2027 end, registering a solid CAGR growth of 13. Clean energy and improved. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. As per the reports, the car rental market was worth nearly USD 7,920 million in the. Details. 43 billion in 2028 at a CAGR of 25. The segment value, growth, revenue, and demand in the market. 120. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. 527 million in 2027 from US$2,309. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. 14 billion during 2020-2024. Forecast period. 49% CAGR and will total USD 119. The global electric vehicle rental market is estimated to garner a substantial revenue and grow at a CAGR of ~7% over the forecast period, i. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. 49% between 2020-2025. 65 million from 2022 to 2027. 0 million by 2029. The report covers the present scenario and the growth prospects of. The global commercial vehicle rental and leasing market size was valued at USD 77. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 5% from 2023 to 2030. The car rental service market is estimated to expand at 7. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. The market is. 4 Billion in 2021 and is expected to reach a value of USD 126. The. By 2025 electric vehicles (EVs) will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040. Jan 04, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Electric Car Rental industry. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. 11, 2023-- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. This was over two and a half times more than in 2018. The Car Rental industry is projected to grow USD 200. Trend 1: Europe continues to lead EV adoption. , Fox Rent A Car, Avis Budget Group, Inc. Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and is recovering strongly from the economic crisis after pandemic. 5 million, throughout the analysis period. 54 billion in 2022. " Cognitive Market Research has recently published the 7th edition of Electric Car Rental Market Report 2023. The car rental industry has undergone a drastic transformation over the past few. The global car rental market size was valued at $92. The electric car rental market size is estimated to grow at a CAGR of 12. The global car rental market forecast shall be $1,48,129. Global Electric Car Rental Market Analysis and Forecast by Type 5. . 36 billion in 2021 and is forecast to register a CAGR of 7. 4% in the 2021-2028 period. The Electric Car Rental Market will grow by USD 7. The global electric bike market was estimated to generate USD 14,404. 14 bn during 2020-2024, progressing at a CAGR. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. 22, 2023 (GLOBE NEWSWIRE) -- The . 01 Million) for the expansion of electric and hybrid car rental services across Romania. The global car rental & leasing market size was valued at USD 641. With many countries getting plugged into electrification, the global EV market has seen exponential growth over the last decade. S. 2017-2021. 27bn in 2023. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. 10 years later in 2021, that figure had grown close to 7 million vehicles. Auto rental is the service of renting automobiles for a set period of time through online or offline channels. . Base year. Base year. Premium Statistic Retail market share of car brands in Indonesia 2022 Current development Premium Statistic Market share in automotive industry of Astra International in Indonesia 2022, by typeIn 2019, the electric bicycle market was estimated at $15. Follow. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. Global Electric Car Rental Market 2021-2025 The analyst has been monitoring the electric car rental market and it is poised to grow by $ 8. This report provides a detailed historical analysis of the global Electric Car Rental Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and. 14 billion. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. this year, according to Atlas Public Policy. 14 billion during 2020-2024. com Website: Electric Car Rental Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. 4 billion in 2021 and is estimated to grow to about USD 132. . That is just 5% of total car sales, but it shows we're already entering the steep part of the S. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. 9, 2021 -- The electric car rental market is set to grow by USD 8. The attempt to get close to various pointers of the Global Electric Car Rental Market has led. 13 billion in 2023 to USD 1,139. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 3% during the forecast period. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. Electric vehicles are gaining popularity and market share. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. , 2023 – 2033. Details. 65 million. About Us. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for Electric Car Rental market growth. The report offers an up-to-date analysis regarding the. 030 billion by 2026, from US$1. Also, the advent of robotaxis coupled with the rising adoption of car rentals in electric vehicle sectors have bolstered the market growth. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. By 2025 20% of all new cars sold globally will be electric, according to the latest forecast by the. The Electric Car Rental Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. Premium Report Details. 4% from 2021 to 2030. , Sixt Rent A Car, LLC, Europcar. A detailed study accumulated to offer Latest insights about acute features of the Electric Car Rental market. Forecast period. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. Western Europe’s growth. 67 billion in 2020, growing at a CAGR of 6. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD 8. Report Coverage. that we believe will shape the market over the coming decade. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. E-bikes enable users to cycle further and more often. 49 million in 2022 to USD 1,71,849. TheNEW YORK, Nov. [221 Pages Report] The global ride sharing market was valued at USD 85. " Global "Electric Car Rental Market" [NEW. Car rental is the service of renting automobiles for a specified period of time, either through offline or online channels. 9 Billion by 2023, growing at a CAGR of 8. Growth momentum. 14 bn during 2020-2024, progressing at a CAGR. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast period (2022 - 2027). 3% during the forecast period. The Car Rental market was estimated to be worth. 36 billion in 2027 with a CAGR of 15%. Sustained policy support has been one of the main reasons for strong electric car sales in many markets, with overall public spending on subsidies and. Electric Car Rental Market Services and Solutions Top Companies, Revenue, Trends and AdvancementsNew York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market. The report also provides and outlook on key market trends and leading players. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. The. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. The demand for car rental services has increased due to the growth of the tourism industry and the cost advantages they offer to the users. 01% during the period 2017-2021. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 12 Billion from 2023 to 2028. 1 billion by 2030, with a CAGR of 6. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. 46 billion by 2029, exhibiting a CAGR of 6. 5% CAGR during the 2023 to 2029 assessment period. Market Research. The Automotive Rental and Leasing Market is made up of organizations, sole traders, and partnerships that rent or lease cars, trucks, vans, utility trailers, and recreational. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. 65 mn during 2022-2027, accelerating at a CAGR of 12. 2. The global car rental market size was valued at USD 98. 65 mn during 2022-2027, accelerating at a CAGR of 12. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 6%. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. 1% market share. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. 7% between 2016 and 2020. The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. In terms of quantitative data, current market size, competitors. But in 2019, the number of units sold increased only to 2. The India electric vehicle market size was valued at USD 220. The India electric vehicle market size was USD 1. Electric Car Rental market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. 7%. 40% over the forecast period, According to Intelligence Market ReportAccording to a 2023 report by market analysis company Market Research Future, the EV rental market size is expected to triple in growth by 2032. The global Electric Vehicle Rental market size is projected to reach USD million by 2028, from USD million in 2021, at a CAGR of Percent during 2022-2028. As per the reports, the car rental market was worth nearly USD 7,920 million in the. 94bn in 2023. The reports further project the market to attain a valuation of around USD 10,111. 26 billion in 2023 to USD 63. The market is projected to register a CAGR of 10. 6% during the forecast period. Electric vehicles are gaining popularity and market share. Clean energy and improved. 1% from 2023 to 2033. 47 billion in 2022. 65 million from 2022 to 2027. The electric car rental market size is estimated to grow at a CAGR of 12. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. Germany car rental was valued at USD 2. 28 billion in 2021, and it is expected to reach USD 223. 5% in terms of fleet size from leasing segment and 4. They accounted for 88. With rising pollution and population, and. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. Forecast Year Market Size (2033) ~ USD 250 Billion. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. For instance, the increase in the adoption of electric ride share services is likely to decrease the number of passenger vehicles on American roads $247 million to $44 million in 2030. 96 million by 2033, growing at a CAGR of 5. New Jersey, United States – Analysis of Electric Car Rental Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast The. 7% from 2020 to 2027. NEW YORK, June 22, 2021 /PRNewswire/ -- The global electric car rental market is poised to grow by USDLONDON--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 47 Million in 2021 and is expected to reach USD 1261. NEW YORK, Jan. 6% market share of electric cars in worldwide car sales constitutes a record. 15 million in 2021, and it is anticipated to increase to USD 2363. The market is projected to grow from USD 48. The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. The size of the worldwide electric car rental market was USD 867. The global electric car rental market size is expected to reach $17. 6% of the total auto market (up from 2. The Electric Vehicle. The global carsharing market size stood at USD 6,395 million in 2022, and it is predicted to reach USD 9,957 million by 2030, advancing at a CAGR of 5. The Electric Car market was estimated to be. Recent COVID-19 has disrupted the market growth. The Car Rental. 0 billion in the current year. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. 2022. Click Here To Get A Sample. The China Electric Vehicles Market size is expected to grow from USD 260. Autonom Service, a car rental company, invested Euro 15 million (USD 16. The global commercial vehicle rental and leasing market size was valued at USD 77. 65 mn during 2022-2027, accelerating at a CAGR of 12. Electric Car Rental Market was valued at USD 9. 2% in terms of revenues during 2022-2028. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. New Jersey, NJ -- -- 07/22/2022 -- The Latest research study released by HTF MI "Global Electric Car Rental Market Growth (Status and Outlook) 2022-2030" with 101+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers,. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. Shift towards Electric/Hybrid. In. The growth of the electric car rental market can be attributed to the rise in. Report Coverage. 54 billion in 2023, boasting a noteworthy Compound Annual. 55 billion in 2028 at a CAGR of 6. 2020-2025 Global Electric Car Rental Market Report – Production and Consumption Professional Analysis (Impact of COVID-19) is latest research studyMar 10, 2023 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry. 65 mn during 2022-2027, accelerating at a CAGR of 12. 54 billion in 2022 to USD 137. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. 2022-2027. 52% during the 2022-2029 forecast period. According to Precedence Research, the car rental market size is expected to hit around US$ 186. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. Three underlying reasons explain this trend:. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. 64% during the forecast period. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 04 billion by 2027, registering a CAGR of 10. 14 bn during 2020-2024. The global car rental market size reached US$ 79. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 5 Billion by 2027 at a CAGR of 21. Chapter 1: Car Rental Market Product Definition, Product Types, Volume, and Revenue Analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023. 2% CAGR during the forecast period. A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. 6% during the forecast period 2021-2026. 64% between 2022 and 2027. The Car rental market accounted for USD 119. Indonesia has the largest auto leasing market and car rental market in South East Asia. The escalating demand for electric and hybrid rental cars due to stringent environmental regulations, rising tourism and business travel, and growing trend toward flexible mobility solutions represent some of the key factors driving the market. Chapter 3: Electric Car Rental Market Historical (2023-2030) and Forecast (2023-2030) Volume and revenue analysis of Electric Car Rental Market in North America, Europe, Asia-Pacific, Latin. 42 Billion by the end of 2030. 1. Electric Car Rental Market is Expected to Reach the Value of USD 28903. The target market holds nearly a. Page number. 2020. 7% from 2020 to 2027. 59 billion by 2030 from valued at US$ 95. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 1 million, for year-on-year growth of just 9 percent. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. 23 Sep, 2021, 05:05 ET. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. Apr 25, 2023 (The Expresswire) -- Global "Electric Car Rental Market" [2023-2030] Research Report furnishes an industry overview, encompassing significant. 7 Million by 2026, from USD 866. 64% during the forecast period. 9% from 2021 to. 15% during the forecast period (2023-2028). 6% from 2021 to. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] the 10 months leading up to October, sales of fully electric. The Future of Bike and Scooter Rental Market Economy Size Expected a Growth of $ 11,040 Million by 2028, According to Vantage Market Research (VMR) WASHINGTON, Dec. The ”Electric Car Rental Market” report provides a comprehensive analysis of growth opportunities in various segments and sub-segments. Canada Electric Car Market volume was 38576. Growth momentum & CAGR. 21 billion by. 9% from 2023 to 2030. 91 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 16. This press release was orginally distributed by SBWire New Jersey, USA — (SBWIRE) — 05/10/2022 — Advance Market Analytics published a new research publication on "Electric Car Rental Market. 2.