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Car Hire Market
The global car rental market size was valued at $92.92 billion in 2019 and is projected to reach $214.04 billion by 2027, registering a CAGR of 10.7% from 2020 to 2027. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the forecast period. Car rental or car hire agencies are agencies that rent automobiles for a short period of time at certain cost. This service is often organized with many local branches, which are generally located near airports or busy areas in the city and are complemented by a website to allow online reservations. With growth in pollution levels and population, the car rental industry has experienced a drastic transformation over the past few years, becoming one of the most prominent industries in fleet transportation. Manufacturers and consumers rely on various car rental schemes that are cost-effective, such as leasing cars from their owners for a period of three years and then putting these cars on rent through app-based bookings. In addition, car rentals majorly help curb the pollution level by reducing volumetric sales of owned vehicles. Moreover, with an increase in air traffic and growth in the trend of online car booking, car rentals are the preferred options for travel, as cars are the most economical and faster modes of transportation. These advantages promote growth of the car rental industry at an exponential rate.Factors such as rise in trend of on-demand transportation services and low rate of car ownership among millennials drive growth of the car rental market. However, low rate of internet penetration in developing regions hampers the market growth. Further, adoption of car rental management software is anticipated to provide lucrative growth opportunities for the players operating in the car rental market.The global car rental market is segmented on the basis of application, rental category, vehicle type, and region. By application, it is classified into leisure and commercial. By rental category, it is divided into on-airport and off airport. On the basis of vehicle type, it is categorized into luxury car, executive car, economical car, sports utility vehicle (SUV), and multi utility vehicle (MUV). Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Car Hire Market Coupon code and Car Hire Market Promo code

Use this coupon and get Save 30% Off When You Book Your Audi for 5 Days or Longer at Silvercar

Save 15% Off on a Weekend or Weekly Car Rental’s Base Rate at Thrifty

Use this coupon and get 20% Off Your First Rental at Silvercar

Use this coupon and get Receive 10% Off Your Base Rental Rate When You Book Any Vehicle for 30 Days or More at Motorhome Replublic (Site-Wide)

Use this coupon and get Save 10% Off on a Weekend or Weekly Car Rental at Thrifty
About Car Hire Market
Ähnliche Gutscheine
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Save 30% Off When You Book Your Audi for 5 Days or Longer at Silvercar coupon
Use this coupon and get Save 30% Off When You Book Your Audi for 5 Days or Longer at Silvercar -
Save 15% Off on a Weekend or Weekly Car Rental’s Base Rate at Thrifty
Save 15% Off on a Weekend or Weekly Car Rental’s Base Rate at Thrifty -
20% Off Your First Rental at Silvercar coupon
Use this coupon and get 20% Off Your First Rental at Silvercar -
Receive 10% Off Your Base Rental Rate When You Book Any Vehicle for 30 Days or More at Motorhome Replublic (Site-Wide) coupon
Use this coupon and get Receive 10% Off Your Base Rental Rate When You Book Any Vehicle for 30 Days or More at Motorhome Replublic (Site-Wide) -
Save 10% Off on a Weekend or Weekly Car Rental at Thrifty coupon
Use this coupon and get Save 10% Off on a Weekend or Weekly Car Rental at Thrifty
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