Car Rental Market Size, Share, Growth & Industry Analysis Report, 2020-2027

Car Rental Market Size, Share & Industry Analysis Report By Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUVs, and MUVs), By Application (Local Usage, Airport Transport, Outstation, and Others), By End-User (Self-Driven and Chauffeur-Driven), and By Region – Global Opportunities & Forecast, 2020-2027

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Introduction of the Car Rental Market Report

Car rental refers to the renting of automobiles for short periods of time, generally ranging from a few hours to a few weeks via car hiring or renting companies. The car rental market is generally organized with numerous local branches of car rental agencies, and these agencies are primarily located near airports, busy city areas and allow online as well as offline reservations.

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Market Dynamic

Key Drivers and Emerging Trends

The car rental market is anticipated to witness strong demand over the forecast period. The growing population, rising number of international air travellers and increasing volume of domestic tourists are the major factors responsible for the growth of the global car rental market size. Additionally, the travel and tourism industry is expected to grow prominently in the coming years. According to the World Travel and Tourism Council (WTTC), the travel & tourism sector experienced 3.5% growth in 2019, which is 10.3% of the global GDP and it has provided around 330 million jobs across the globe.

Frequently Asked Question About This Report

Mobile Game Market – Published Report [UP1915-001001]

Which is the largest application segment in Mobile Game Market?

Entertainment segment hold the largest market share in the mobile game market owing to the rising awareness related to the interactive entertainment systems among the players worldwide leading to the high adoption of games for the entertainment purpose.

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