Car Rental Market Will Generate New Growth Opportunities by 2024 : Grand View Re
Posted by Vakhas on April 23rd, 2019
San Francisco, United States, 2019-April-23 -
The global car rental market is expected to witness a substantial growth over the forecast period, reaching USD 119.56 billion by 2024, according to a new report by Grand View Research, Inc. The industry is primarily driven by the growth as well as expansion of the global travel and tourism industry. There has been a significant increase in the number of business and leisure trips worldwide over the past few years.
The advent of online rental portals has helped shape the dynamics of the car rental industry. Growing usage of smartphones and tablets has helped customers to book and reserve cars from anywhere at any point of time. Major players, such as Enterprise Rent-A-Car and Avis Budget Group, are now focusing on developing smartphone applications and optimizing their customer-friendly websites to facilitate quick and convenient bookings.
However, compliance with stringent vehicle emission regulations is expected to challenge the demand for these services across the world. In addition to this, the instability in crudeoil prices and growing demand for publictransportation are presumed to challenge the growth to some degree over the forecast period.+
To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/car-rental-market-analysis-market
North America Car Rental Market By Application, 2013 - 2024 (USD Billion)
Further key findings from the report suggest:
Grand View Research has segmented the car rental market on the basis of vehicle type, application, and region.
Car Rental Vehicle Type Outlook (USD Billion) 2013 - 2024
Car Rental Application Outlook (USD Billion) 2013 - 2024
Car Rental Regional Outlook (USD Billion) 2013 - 2024
Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-car-rental-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Corporate Sales Specialist, USA
Grand View Research, Inc.
Toll Free: 1-888-202-9519
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About the AuthorVakhas
Joined: April 16th, 2019
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