Electric Car Rental Market 2020-2024 - Avis Budget Group Inc., BlueIndy LLC, and Enterprise Holdings Inc. Emerge as Key Market Growth Contributors | Technavio

Technavio has announced its latest market research report titled Global Electric Car Rental Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The electric car rental market is expected to grow by USD 7.14 billion, progressing at a CAGR of over 11% during the forecast period.

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The rise in international tourism is one of the major factors propelling market growth. However, factors such as the global power crisis hindering the growth of the EV market will hamper the market growth.

More details: https://www.technavio.com/report/electric-car-rental-market-industry-analysis

Electric Car Rental Market: Vehicle Category Landscape

Consumers are increasingly becoming environmentally conscious and are increasingly focusing on adopting green products. The shift in preference towards the adoption of electric economic vehicles for short rides will contribute to the growth of the electric car rental market in the economy car segment. Furthermore, the increase in the range and development of the charging infrastructure will also influence the growth of the electric car lease market in this segment. Market growth in this segment will be faster than the growth of the market in the luxury cars segment.

Electric Car Rental Market: Geographic Landscape

Europe had the largest electric car rental market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growth of the tourism industry and the increasing adoption of electric vehicles will significantly influence the electric car rental market growth in this region. 44% of the market’s growth will originate from Europe during the forecast period. Germany and Italy are the key markets for rental electric cars in Europe. Market growth in this region will be slower than the growth of the market in APAC and North America.

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Companies Covered:

  • Avis Budget Group Inc.
  • BlueIndy LLC
  • Enterprise Holdings Inc.
  • ER Travel Services Ltd.
  • Europcar Mobility Group SA
  • Fleetdrive Management Ltd.
  • Green Motion International
  • SIXT SE
  • The Hertz Corp.
  • Wattacars

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Vehicle Category

  • Market segments
  • Comparison by Vehicle Category placement
  • Economy cars - Market size and forecast 2019-2024
  • Luxury cars - Market size and forecast 2019-2024
  • Market opportunity by Vehicle Category

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Avis Budget Group Inc.
  • BlueIndy LLC
  • Enterprise Holdings Inc.
  • ER Travel Services Ltd.
  • Europcar Mobility Group SA
  • Fleetdrive Management Ltd.
  • Green Motion International
  • SIXT SE
  • The Hertz Corp.
  • Wattacars

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Electric Car Rental Market will grow by USD 7.14 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/