14 bn during 2020-2024. 0% in the 2021-2028 period. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Electric Car Rental market has been performed to. 771 million in 2020. WASHINGTON, Oct. Market Trends 5. 84 billion in 2021. 65 mn during 2022-2027, accelerating at a CAGR of 12. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. Brazil Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028) The Brazil vehicle rental market was valued at USD 1. The Car rental market accounted for USD 119. This was over two and a half times more than in 2018. In 2022, the market is growing at a steady rate and with the. 18 trillion during 2021-2025, progressing at a CAGR of. 7%. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 2. 2% in terms of revenues during 2022-2028. In UAE Electric Car Market the rising price of fuel is factor driving the growth of the electric car market in the UAE. 4 Billion in 2021 and is projected to. Market Size (2027) $134. Taken together, car sharing and peer-to-peer. Additionally, the rising number of foreign tourists in the country is. 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. 65 mn during 2022-2027, accelerating at a CAGR of 12. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. The global electric scooters market size was estimated at USD 33. Car Rental Market Size was valued at USD 107. Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future. Close. 21 billion in 2022 to USD 113. Zambia is the third fastest-expanding tourism destination in the world, which contributes considerably to the country’s GDP as well as to the growth of the electric car rental market. 80% during 2023-2028 . The global electric car rental market is poised to grow by USD 7. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 15 million in 2021, and it is anticipated to increase to USD 2363. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4. 5 million, throughout the analysis period. Yet technology, new transportation models, shifting demographics and changing. The electric-vehicle land grab is reshaping economies and challenging political allegiances. NEW YORK, June 22, 2021 /PRNewswire/ --. 6% during the forecast period. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. 89 billion in 2022 to USD 214. The global golf cart market size was USD 1. This kicked off a price war in the segment that dragged down the value of new EVs from Ford and GM. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 7% during 2022–2030. 9% from 2023 to 2030. S. 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 COVID-19 pandemic hindered the growth of the car rental market owing to travel restrictions and the shutdown of several tourist agencies and car. 27bn in 2023. By 2025 20% of all new cars sold globally will be electric, according to the. The global car rental industry is highly lucrative and predicted to witness significant growth. 4% in the 2021-2028 period. The market is driven by factors such as government initiatives to promote sustainable transportation, increasing. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. The size of the worldwide electric car rental market was USD 867. Due to the rising focus to decrease the emission of harmful. 22% during the forecast period, 2022-2027. J. From a market valuation of US$ 153. Future developments may include increased vehicle autonomy and. Page number. The market is projected to grow from USD 728. The environmental impact of conventional gasoline vehicles and the rise in fuel prices have paved the way for. 2021-2025. 03% during the forecast period. Opportunities, 2018-2028 The Indonesia Tire Market was valued USD3. The global market for car rental and leasing services is anticipated to reach a market size of US$ 312. 4% during 2021-2026. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's latest market. 04 billion by 2027, registering a CAGR of 10. “EV growth is here to stay, so we will see more EVs in all parts of our automotive. The Europe vehicle rental market size was valued at USD 11. The market value is slated to rise from USD 82. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. The China Electric Vehicles Market size is expected to grow from USD 260. The primary market drivers that favorably impact the market include the growth of the travel and tourism sector and increased cognizance of electric mobility services. Clean energy and improved. electric vehicle market size was USD 24. 48 billion in 2023 to USD 1,579. 65 mn during 2022-2027, accelerating at a CAGR of 12. The market is projected to grow from USD 28. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. com's offering. 91 billion in 2023 at a compound annual. Electric vehicles will grow from 0. 7 Million by 2026, from USD 866. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market Information by Vehicle Type,. 3% of new. UK: forecast public charging revenue per electric vehicle 2016-2027. 8 billion in 2021 and is expected to reach USD 185. 6% during the forecast period. 42 billion and is expected to achieve a CAGR (Compound Annual Growth Rate) of 7. 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. Read More. 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. 79 Billion in 2021 and is projected to reach USD 125. 47 billion in 2022. 1 billion by 2027, at a CAGR of 18. Electric Car Rental Market Report 2022 focuses on company overview with market characteristics, geographical representation of industry size, share and growth analysis with revenue details and. Electric Car Rental Market is Expected to Reach the Value of USD 28903. 1 million electric car sales in 2019 represent a 6% growth from the previous year, down from year-on-year sales growth at least above 30% since 2016. This press release features multimedia. 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. Shift towards Electric/Hybrid. 4 million in 2019 at a healthy rate of 15. 13, 2021 (GLOBE NEWSWIRE. Comprehensive details of factors that will challenge the growth of car rental market vendors. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. Global Luxury Car Rental Market Size Worth 84. . EV Market 2022-2030: The global electric vehicle market was valued at $163. Global Electric Car Rental Market Growth (Status And Outlook) 2023-2029. 47 Million in 2021 and is expected to reach USD 1261. Car rental market growth accelerated by rising growth of the travel and tourism sector and increased awareness about electric mobility services April 30, 2023 20:19 ET | Source: Market Research FutureVantage Market Research. 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. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. But in 2019, the number of units sold increased only to 2. Growth rate of total car rental market is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country. Electric Car Rental Market Electric Car Rental Market Size is expected to cross USD $19 billion by 2027 at a CAGR of 15% during the forecast period 2022-2030 $19 Billion Market Size 15% CAGR Asia Pacific Dominating Region 2022-2030 Forecast Period Segmentation By Vehicle Type Battery Cars Hybrid Car. 01 million by the end of 2030. 6% from 2021 to 2028. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. The past year was a pivotal one, with many important achievements across the disruptive dimensions of mobility: autonomous driving, connectivity, electrification, and shared mobility (ACES). LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. Snapshot Table of contents Methodology Electric Car Rental Market Report 2023-2027 The electric car rental market size is estimated to grow at a CAGR of 12. Electric Car Rental Market is poised to grow at a CAGR of 14. In addition to this, the market generated. 1% from 2023 to 2033. 157. 2% in terms of revenues during 2022-2028. 4 Billion in 2021 and is expected to reach a value of USD 126. TheNEW YORK, Nov. 120. China was the frontrunner once again, accounting for around 60% of global electric car. It is bigger than it looks and has enough. The global Electric Car Rental market focuses on encompassing major statistical evidence for the Electric Car Rental industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. The market is projected to grow from USD 12. 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. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast period (2022 - 2027). 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. 01 million by the end of 2030. A significant rise in the number of people taking business and leisure trips across the globe is driving the demand for car rental services, thereby propelling the industry’s. . 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 investments in the car-sharing market, at approximately $3 billion, are small compared with investments in e-hailing. The Russia. Electric Vehicles market unit sales are expected to. The Car rental market accounted for USD 119. The global impact of COVID-19 has been unprecedented and staggering, with golf cars witnessing a negative demand shock across all regions amid the pandemic. Currently, EVs make up only three to four percent of the new light duty market here in the U. Global Electric Car Rental Market 2023-2027 - Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. The Car Rental. 14 bn during 2020-2024 Electric Car Rental Market 2020-2024 - Avis Budget Group Inc. Electric Car Rental Market Scope. 42 billion by 2027, registering a CAGR of 14. The car rental service market is estimated to expand at 7. 4 million by 2027, increasing from $92,252. 4 billion in 2021 and is estimated to grow to about USD 132. Historic period. Report Overview. That will be up from 7. 6% of the total auto market (up from 2. Global Electric Car Rental Market Report Overview. Advance Market Analytics published a new research publication on "Electric Car Rental Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable. 4 Billion in 2021 and is projected to reach a value of USD 126. The electric car rental market has witnessed significant growth in recent years, driven by the rising demand for eco-friendly transportation solutions and the increasing popularity of electric vehicles (EVs) worldwide. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. 1 billion by 2028, growing at a CAGR of 21. Follow. Electric Car Rental Market is poised to grow at a CAGR of 14. The growth of the market depends on several factors, including increasing demand for rental cars due to the rise in international tourism, the need for optimum performance. com's offering. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. The car rental industry has undergone a drastic transformation over the past few. The market is. 2022-2027. 65 mn during 2022-2027, accelerating at a CAGR of 12. Influential trend: – Advancement in technology offering an app-based platform for the subscription car. 2020. Market consumption volumes declined with a CARC of . 1% from 2021 to 2028. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. 03 billion in 2020. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. 5% in terms of fleet size from leasing segment and 4. The global electric bike market was estimated to generate USD 14,404. 13 billion in 2023 to USD 1,139. Against this backdrop of sluggish sales in 2019, the 2. 7 per cent growth in new companies registering this year as per RTA figures. 96 million by 2033, growing at a CAGR of 5. An electric bike is a bicycle with a motor and rechargeable batteries that assist the rider and alleviate some of the pressure of pedaling. 65 million from 2022 to 2027. 01% during the period 2017-2021. The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 14. Moreover,. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. 92 billion in 2019 and is projected to reach $214. Europe will account for 42% of the growth of the global market during the forecast period. The growth of the electric car rental market can be attributed to the rise in. The analysts forecast the global electric car rental market to grow at a CAGR of 11. 10 years later in 2021, that figure had grown close to 7 million vehicles. The electric car rental market size is estimated to grow at a CAGR of 12. The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. Accelerate at a CAGR of 11. Electric Car Rental Market Scope. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market Information by Vehicle Type, Application. 7% from 2021 to 2028. Total annual revenue for carsharing in the U. , BlueIndy LLC, and Enterprise Holdings Inc. 92 billion in 2022. The market is projected to grow from USD 728. The growth of the market can primarily. . 1% market share. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. The Car Rental market was estimated to be worth. 12 Billion from 2023 to 2028. The global car rental market is predicted to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period. The research report also covers the. 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. 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. The market is predicted to grow at a healthy pace in the coming years. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. Base year. NEW YORK, Nov. Due to the COVID-19 pandemic, the global Electric Car Rental market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of. 55 billion in 2028 at a CAGR of 6. 39%, resulting in a projected market volume of US$103. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth. The economic growth for 2020 was the weakest since the 1998 Asian financial crisis. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. 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. altered Customer Preference from Public Transport to Personal Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. 030 billion by 2026, from US$1. 000 billion. 11, 2023-- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 10 Years of EV Sales by Country. 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. 24 billion in 2021 to USD 137. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. According to our primary respondents’ research, the Electric Car market is predicted to grow at a CAGR of roughly 19% during the forecast period. Zambia is the third fastest-expanding tourism destination in the world, which contributes considerably to the country’s GDP as well as to the growth of the electric car rental market. 64% between 2022 and 2027. The global electric car rental market is poised to grow by USD 7. The new electric car rental market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. Consumer Interests for On Demand Transportation: Commuters are increasingly demanding familiar, reliable, and high. Western Europe’s 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. 4m in 2020, representing a compound annual rate of change (CARC) of -15. e. the growth momentum will progress. Advance Market Analytics published a new research publication on "Electric Car Rental Market Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format. 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. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. What are the future trends you foresee in this market over the. Emerge as Key. The global market size was valued USD 24. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. , 2023 – 2033. The market was negatively impacted by COVID-19 in the first half of 2020. 6% in terms of fleet size from rental segment during. Electric Car Rental Market Growth Opportunities: • Growing Penetration of Rental Services Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaA BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. 8% during the forecast period. NEW YORK, Jan. 2% from 2020 to 2025. 60%. Also, the advent of robotaxis coupled with the rising adoption of car rentals in electric vehicle sectors have bolstered the market growth. 69 billion in 2022 to USD 131. The market is projected to grow from USD 28. 92 Billion in 2022 and is expected to. Electric cars earned a record-high the market share of 75% in Norway, up about one-third from 2019. 65 mn during 2022-2027, accelerating at a CAGR of 12. 5% from 2023 to 2030. METHODOLOGY. Base year. 6% of the total auto market (up from 2. 43 billion in 2028 at a CAGR of 25. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. 47 billion in 2018 and opportunities are poised growing with a compound annual growth rate (CAGR) of 11. The key. 64% during the forecast period. 3 billion in 2020 and is projected to reach $65. Base year. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. The size of the worldwide electric car rental market was USD 867. EV sales are expected to continue strongly through 2023. Market Research. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 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 Research Report, Vehicle Type, Application, Service and Region - Forecast till 2027” the global market size is projected to reach around USD 19. Related Reports. 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. Due to the rising focus to decrease the emission of harmful. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. 8 million in 2022. 64% between 2022 and 2027. 9%. 0. Nissan LEAF. The global electric vehicle market size was valued USD 384. Latest Market Analysis Research Report on “Global Electric Car Rental Market 2020” has been added to Wise Guy Reports database. 00% during the forecast period (2023 - 2032). Further, the market generated a revenue of USD 100 billion in the year 2022. 527 million in 2027 from US$2,309. 21 billion by 2030, exhibiting a CAGR of 7. Menu. Three markets dominated global sales. 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. The study report offers a comprehensive analysis of Global Electric Car Rental Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth. Trend 1: Europe continues to lead EV adoption. 10 Years of EV Sales by Country. 65 mn during 2022-2027, accelerating at a CAGR of 12. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. Electric Car Rental Market Trends, Growth Opportunities, and Forecast Scenarios to 2028 Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the Electric Car Rental supply chain posing challenges for manufactures in the Electric Car Rental industry. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. In Europe, car rentals are usually available at affordable costs. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends,. . According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. Electric Car Rental Market Scope. 42 Billion by the end of 2030. The car sharing market size was worth USD 2. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. The increase in technological advancements is driving the growth of car. 04 billion in 2021 and expected to surpass a net valuation of USD 4. 9% over 2020. Electric vehicles are gaining popularity and market share. Global Electric Car Rental Market Growth, Share, Size, Trends and Forecast (2023 - 2029). 34% in 2020 as compared to 2019. The. 6 Billion by 2028. S. NEW YORK, Aug. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. 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. Global Electric Car Rental Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics. The size of the worldwide electric car rental market was USD 867. C. 5% from 2023 to 2030. The Car Rental market was estimated to be worth. The UAE electric vehicle market would register growth during the forecast period. 66% NEW YORK, Jan. 4bn by 2028. In January 2022, In the United Kingdom, the London Electric Vehicle Company (LEVC). 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. Overall, the price war has brought down the average price. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 2% CAGR during the forecast period. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 04 billion by 2027, registering a CAGR of 10. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian Ambrose Wed 22 Nov 2023 13.