According to the new report published by Industry Research Place Global Car Rental Market is valued at USD XX Billion in 2021 and is projected to reach USD XX Billion by 2028 with the CAGR of 7.8 % over the forecast period.

This report analyses the global market for Car Rental . The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.

The term "car rental" or "car hire" refers to businesses that rent automobiles for a specific period of time at a specific cost. This service is frequently organised with a large number of local branches, which are generally located near airports or busy areas of the city, and is complemented by a website that allows customers to make reservations over the internet. The car rental industry has undergone a significant transformation in recent years, as a result of increased pollution levels and population growth. It has now emerged as one of the most prominent industries in the fleet transportation industry. Manufacturers and consumers rely on a variety of cost-effective car rental schemes, such as leasing cars from their owners for a period of three years and then renting out these cars through an app-based reservation system. In addition, car rentals make a significant contribution to lowering the level of pollution by reducing the volumetric sales of privately owned vehicles. Furthermore, with an increase in air traffic and an increase in the trend of online car booking, car rentals are becoming the preferred mode of transportation, as they are the most cost-effective and time-efficient mode of transportation.

These advantages help to propel the car rental industry forward at an exponentially faster rate.
Travel across borders has seen a significant increase in the last decade, particularly in Asia and the Middle East. Global commuters are increasingly demanding travel services that are familiar, dependable, and of high quality while they are on the road. In order to capitalise on this trend, some of the world's largest car rental companies are attempting to expand their brand and distribution platforms on a global scale. It is anticipated that the implementation of an integrated global car rental system will allow these operators to better manage their geographically dispersed business operations as they grow.

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Major Players of the Car Rental Market
1. Avis Budget Group
2. Europcar
3. Enterprise Holdings Inc
4. Hertz System, Inc.
5. Localiza
6. SIXT
7. Uber Technologies, Inc.
8. Carzonrent India Pvt Ltd.
9. Eco Rent a Car
10. ANI Technologies Pvt. Ltd.
11. Others

Global Car Rental Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Car Rental Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.

During the year 2020, the rapid spread of COVID-19 had a significant impact on the overall tourism industry, which in turn had an impact on the car rental market. Additionally, a decrease in air traffic around the world has resulted in a decrease in the demand for car rentals at airports around the world. Car rental companies are following hygiene and safety standards, such as disinfecting their vehicles after each ride, in order to ensure their customers' safety and prevent the spread of the virus. Some car rental companies are giving away free hand sanitizers and face masks to their customers to keep them safe. Key competitors in the market, such as Hertz and Avis, have disposed of their older vehicles in greater numbers than usual during the pandemic in order to turn these transactions into a source of revenue.

The COVID 19 impact assessment of Global Car Rental Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.

Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries

Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.

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Market Segmentation
• Car Type
o Luxury car
o Executive car
o Economical car
o SUV
o MUV
• Application
o LEISURE
o COMMERCIAL

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Report Coverage
• An overview of the Global Car Rental Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Car Rental Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Car Rental Market
• Market share analysis of key market participants and their competitive landscape

Important Questions Answered by Global Car Rental Market Report
• What is the impact of COVID 19 epidemic on the Global Car Rental Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Car Rental Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Car Rental Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?

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