{"id":3147,"date":"2020-05-05T05:00:00","date_gmt":"2020-05-05T05:00:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/05\/05\/car-rental-market-to-garner-214-04-bn-globally-by-2027-at-10-7-cagr-allied-market-research\/"},"modified":"2020-05-05T05:00:00","modified_gmt":"2020-05-05T05:00:00","slug":"car-rental-market-to-garner-214-04-bn-globally-by-2027-at-10-7-cagr-allied-market-research","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/05\/05\/car-rental-market-to-garner-214-04-bn-globally-by-2027-at-10-7-cagr-allied-market-research\/","title":{"rendered":"Car Rental Market to Garner $214.04 Bn, Globally, by 2027 at 10.7% CAGR: Allied Market Research"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Increase in trend of on-demand transportation services and low rate of car ownership among millennials have propelled the growth of the global car rental market<\/i><\/p>\n<p><span class=\"xn-location\">PORTLAND, Oregon<\/span>, <span class=\"xn-chron\">May 5, 2020<\/span> \/PRNewswire\/ &#8212; Allied Market Research recently published a report, <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/car-rental-market\" rel=\"nofollow\">Car Rental Market<\/a><b> by Application (Leisure and Commercial), Rental Category (On Airport and Off airport), and Vehicle Type (Luxury car, Executive car, Economical car, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV)): Global Opportunity Analysis and Industry Forecast, 2020\u20132027&#8243;<\/b>. According to the report, the global car rental industry was pegged at <span class=\"xn-money\">$92.92 billion<\/span> in 2019, and is projected to reach <span class=\"xn-money\">$214.04 billion<\/span> by 2027, growing at a CAGR of 10.7% from 2020 to 2027.<\/p>\n<div id=\"prni_dvprnejpg2757left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg2757left\" title=\"Allied Market Research Logo\" border=\"0\" alt=\"Allied Market Research Logo\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/636519\/Allied_Market_Research_Logo.jpg\"\/><\/div>\n<p><b>Download Sample Report (252 Pages) <\/b>@ <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/request-sample\/2073\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/request-sample\/2073<\/a><\/p>\n<p><b>Major driver of the market growth<\/b><\/p>\n<p>Rise in trend of on-demand transportation services and low rate of car ownership among millennials have boosted the growth of the global <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/press-release\/car-rental-market.html\" rel=\"nofollow\">car rental market<\/a>. However, low rate of Internet penetration in developing countries hampers the market growth. On the contrary, adoption of car rental management software is anticipated to open new opportunities in the coming years. <\/p>\n<p><b>Commercial segment to portray highest CAGR through 2027<\/b><\/p>\n<p>By application, the <b>commercial<\/b> <b>segment<\/b> is anticipated to manifest the highest <b>CAGR of 11.5%<\/b> during the forecast period. The tie-up between the commercial organization and car rental services providers to provide lucrative offers to the consumers makes commercial the fastest segment in the application. However, the leisure segment held the largest share in 2019, accounting for more than half of the market, due to rising urbanization, increase in fleet transportation and growing travel and tourism industry.<\/p>\n<p><b>Get detailed Pre &amp; Post COVID-19 Impact Analysis on the Car Rental Market<\/b> @ <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/request-for-customization\/2073?reqfor=covid\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/request-for-customization\/2073?reqfor=covid<\/a><\/p>\n<p><b>Economical car held the largest share<\/b><\/p>\n<p>The economical car held the largest share in 2019, contributing to nearly one-third of the market. This is due to expansion and progression of the travel &amp; tourism industry and enhanced road infrastructure. However, the <b>sports utility vehicle (SUV) segment<\/b> is anticipated to register the fastest<b> CAGR of 14.7% <\/b>during the study period, owing to rise in population and increase in demand for rental cars due to the booming travel and tourism industry. <\/p>\n<p><b><span class=\"xn-location\">North America<\/span> dominated the market<\/b><\/p>\n<p>The market across <span class=\"xn-location\">North America<\/span> held the largest share in 2019, contributing to more than two-fifths of the total revenue. This is owing to lack of route flexibility in public transportation and need of greener environment. However, the market across <b>LAMEA<\/b> is projected to portray the highest <b>CAGR of 15.1%<\/b> during the study period, due to development of the travel &amp; tourism industry, rise in disposable income of people.<\/p>\n<p><b>Interested to Procure The Data? Inquire Here<\/b>: <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/purchase-enquiry\/2073\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/purchase-enquiry\/2073<\/a><\/p>\n<p><b>Major market players <\/b><\/p>\n<ul type=\"disc\">\n<li>Avis Budget Group, Inc <\/li>\n<li>Enterprise Holdings, Inc. <\/li>\n<li>EuropeCar <\/li>\n<li>Localiza <\/li>\n<li>Hertz System, Inc. <\/li>\n<li>Carzonrent India Pvt Ltd. <\/li>\n<li>Sixt <\/li>\n<li>ANI Technologies Pvt. Ltd. <\/li>\n<li>Eco Rent a Car<\/li>\n<\/ul>\n<p><b>Avenue | the Market Research Library Access<\/b><\/p>\n<p>Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world&#8217;s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.<\/p>\n<p>Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.<\/p>\n<p><b>Sign up and start using your 14-day free trial<\/b>:\u00a0<a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/avenueTrial#utm_source=pr&amp;utm_medium=gnw&amp;utm_campaign=pankaj\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com\/avenueTrial<\/a><\/p>\n<p><b>Similar Reports: (15% Discount \u2013 Limited Offer)<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/ride-hailing-service-market\" rel=\"nofollow\">Ride-<span class=\"xn-person\">Hailing Service Market<\/span><\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/electric-vehicle-market\" rel=\"nofollow\">Electric Vehicle Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/luxury-car-market-A05980\" rel=\"nofollow\">Luxury Car Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/luxury-yacht-market\" rel=\"nofollow\">Luxury Yacht Market<\/a><\/p>\n<p><b>Pre-book Offer 12% Discount:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/truck-rental-and-leasing-market\" rel=\"nofollow\">Truck Rental and Leasing Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/mobility-on-demand-market\" rel=\"nofollow\">Mobility on Demand Market<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/gcc-car-rental-market\" rel=\"nofollow\">Car Rental Market in GCC Region<\/a><b> &#8211; (Company Profile)<\/b><\/p>\n<p><b>About Allied Market Research:<\/b><\/p>\n<p>Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in <span class=\"xn-location\">Portland, Oregon<\/span>. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of &#8220;Market Research Reports&#8221; and &#8220;Business Intelligence Solutions.&#8221; AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.<\/p>\n<p>We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.<\/p>\n<p><b>Contact us:<\/b><\/p>\n<p><span class=\"xn-person\">David Correa<\/span><br \/>5933 NE Win Sivers Drive<br \/>#205, <span class=\"xn-location\">Portland, OR<\/span> 97220<br \/><span class=\"xn-location\">United States<\/span><br \/>Toll Free (<span class=\"xn-location\">USA<\/span>\/<span class=\"xn-location\">Canada<\/span>): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141<br \/>UK: +44-845-528-1300<br \/><span class=\"xn-location\">Hong Kong<\/span>: +852-301-84916<br \/><span class=\"xn-location\">India<\/span> (<span class=\"xn-location\">Pune<\/span>): +91-20-66346060<br \/>Fax: +1-855-550-5975<br \/><a target=\"_blank\" href=\"mailto:help@alliedmarketresearch.com\" rel=\"nofollow\">help@alliedmarketresearch.com<\/a><\/p>\n<p><b>Web<\/b>: <a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/\" rel=\"nofollow\">https:\/\/www.alliedmarketresearch.com<\/a>\u00a0 <br \/><b>Follow us on<\/b>: <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/allied-market-research\" rel=\"nofollow\">https:\/\/www.linkedin.com\/company\/allied-market-research<\/a>\u00a0 <br \/><b>Allied Market Research Blog<\/b>: <a target=\"_blank\" href=\"https:\/\/blog.alliedmarketresearch.com\/\" rel=\"nofollow\">blog.alliedmarketresearch.com\u00a0 <\/a>\u00a0<\/p>\n<p>Logo: <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/636519\/Allied_Market_Research_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/636519\/Allied_Market_Research_Logo.jpg<\/a> <\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Increase in trend of on-demand transportation services and low rate of car ownership among millennials have propelled the growth of the global car rental market<\/i><\/p>\n<p><span class=\"xn-location\">PORTLAND, Oregon<\/span>, <span class=\"xn-chron\">May 5, 2020<\/span> \/PRNewswire\/ &#8212; Allied Market Research recently published a report, <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.alliedmarketresearch.com\/car-rental-market\" rel=\"nofollow noopener noreferrer\">Car Rental Market<\/a><b> by Application (Leisure and Commercial), Rental Category (On Airport and Off airport), and Vehicle&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-3147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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