With key players Avis Budget Group, Sixt SE, The Hertz Corporation and others

DUBLIN, July 4, 2022 /PRNewswire/ — The report “Tourist Vehicle Leasing Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global passenger vehicle rental market reached a value of US$49.86 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$71.69 billion by 2027, posting a CAGR of 6.24% over the period 2021-2027.

Passenger vehicle rental market trends:
Significant growth in the travel and tourism industry across the globe is one of the key factors creating a positive outlook for the market. Passenger vehicle leasing provides increased mobility and minimizes the concerns and costs associated with vehicle ownership.

Moreover, the advent of web-based solutions and smartphones for passenger vehicle rental is giving impetus to the growth of the market. These solutions allow consumers to easily book rental vehicles online through third-party travel booking organizations. With this in mind, the integration of dashcams, Global Positioning System (GPS) and other geolocation technologies helps to monitor the location and operation of the rented vehicle and to perform predictive maintenance, thus improving the vehicle efficiency.

Additionally, the availability of periodically sanitized self-driving rental vehicles for safe travel is also contributing to the growth of the market. Other factors including the implementation of favorable government policies to encourage tourism activities at monuments, museums and parks, as well as increasing consumer spending capabilities are expected to drive the market towards growth.

Key Market Segmentation:
The publisher provides an analysis of the main trends in each sub-segment of the global passenger vehicle rental market, as well as forecasts at the global, regional and country levels from 2022 to 2027. Our report has classified the market according to the vehicle type, reservation method and end user.

Breakdown by type of vehicle:

Breakdown by booking method:

Breakdown by end user:

  • Autonomous
  • Rental agencies

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Passenger Vehicle Leasing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Vehicle Type
6.1 Economy
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Luxury/Premium
6.2.1 Market trends
6.2.2 Market Forecast

7 Breakdown of the market by booking method
7.1 Online
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Offline
7.2.1 Market trends
7.2.2 Market Forecast

8 Market Breakdown by End User
8.1 Autonomous
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Rental Agencies
8.2.1 Market trends
8.2.2 Market Forecast

9 Market Breakdown by Region

10 SWOT Analysis

11 Value chain analysis

12 Analysis of the five forces of carriers

13 Price Analysis

14 Competitive landscape

Companies cited

  • Alamo (Enterprise Holdings Inc)
  • Auto Europe
  • Avis Budget Group Inc.
  • Carzonrent India Pvt Ltd.
  • EasyCar.com
  • Europcar Mobility Group
  • European luxury cars
  • Kemwell
  • Sixt SE
  • The Hertz company
  • Zoomcar India Private Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/6lqer5

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716

Logo: http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

Amanda J. Marsh