Luxury Car Rental Market

The global Luxury Car Rental market was valued at 113.58 Million USD in 2021 and will grow with a CAGR of 18.22% from 2021 to 2027, based on newly published report.

The prime objective of Luxury Car Rental Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Luxury Car Rental Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Luxury car rental is the use of a luxury car for a fixed period time at an assessed amount of money. Today, car rental is very popular as it provides mobility solutions for both business and leisure travelers. Users can easily arrange a car rental in website or mobile phone. The Luxury Car Rental market was worth approximately $10 billion globally in 2016. Geographically, North America is the giant player who represents nearly 50% of the global market, followed by Europe, which representing approximately 29% market shares. The Luxury Car Rental industry is highly concentrated in the world, with the top three companies capturing a combined 74% share of the global market. The largest company in the industry, Enterprise, is privately held, while the next two largest companies, Hertz and Avis Budget, are publicly traded. Each of these three players has made acquisitions of other well-known rental car brands?Enterprise Rent-A-Car owns Alamo and National, and Hertz owns Dollar and Thrifty. The Luxury Car Rental market is forecasted to worth approximately $22.5 billion globally in the end of 2022. The CAGR during 2016-2022 is expected to reach 14.5%.

By Market Verdors:

Enterprise

Hertz

Avis Budget

Sixt

Europcar

Localiza

CAR Inc.

Movida

Unidas

Goldcar

eHi Car Services

Fox Rent A Car

By Types:

Business Rental

Leisure Rental

By Applications:

Airport

Off-airport

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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