Car Rental Market Growth Analysis

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Global Car Rental Market
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?Global Car Rental Market is expected to be USD
189.30 billion by 2026 from USD 92.92 billion in
2019, at a CAGR of 10.7 from 2020 to 2026.
Global Car Rental Market depends on the number of
car rental services, preference for leisure
travel, need for regular commutations and
increasing spending power of the people.
Increasing tourism activities and continuously
expanding tourism budget have supported the
growth of the car rental market. The growing
dependence of travellers on smartphones for
carrying out a variety of activities
traditionally done by personal computers has
significantly helped transform the car rental
experience for customers. Besides, the
penetration of smartphones drives the market
growth in a big way. Many governments have been
focusing on developing the tourism sector to
attract more visitors, adding to the demand for
car rental. But, high car rentals for extended
counters may restrict market growth. Car rental
agencies provide automobiles for a short period
at a specific cost.
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"Economy/Budget Car Segment dominates the Car
Rental Market."   The car rental market is
divided into Economy/budget cars and
Luxury/premium cars based on vehicle type.
Economy/budget cars lead the Global Car Rental
Market due to its high fuel-efficiency. And, this
segment is expected to secure a major market
share in the projection period, also owing to its
more adoption among fleet owners and customers.
Moreover, increasing gasoline prices and growing
environmental concerns have driven the demand for
these cars globally, because of its low
environmental effect.   Get the Sample Copy of
the Reporthttps//www.blueweaveconsulting.com/glo
bal-car-rental-market-bwc20140/report-sample