But in 2019, the number of units sold increased only to 2. The total number of road motor vehicles registered in Canada increased to 26. 2020. . 34% in 2020 as compared to 2019. 70% during the forecast period from 2023 to 2032. 52% during the 2022-2029 forecast period. This press release features multimedia. With lockdowns and travel restrictions, the demand for car. Details. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. S. 1 North America Electric Car Rental Market Sales. 4% in the 2021-2028 period. 28 billion in 2021, and it is expected to reach USD 223. The market is predicted to grow at a healthy pace in the coming years. 7 per cent growth in new companies registering this year as per RTA figures. Chapter 2: Exclusive North America accounted for the largest share in the Electric Car Rental market in 2022 owing to the increasing collaboration activities by key players over the forecast. The market is projected to grow from USD 82. The market is driven by factors such as government initiatives to promote sustainable transportation, increasing. 47 Million in 2021 and is expected to reach USD 1261. A significant rise in the number of people taking business and leisure trips across the globe is driving the demand for car rental services, thereby propelling the industry’s. 0 billion in the current year. The increased presence of top-notch companies and the. Advance Market Analytics published a new research publication on "Electric Car Rental Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable. The market is. 64% between 2022 and 2027. The global electric car rental market size is expected to reach $17. , 2023 – 2033. Future developments may include increased vehicle autonomy and. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. 9% from 2021 to. 47 Million in 2021 and is expected to reach USD 1261. electric vehicle market size was USD 24. The latest market research report by Technavio on the global electric car rental market predicts a CAGR of around 11% during the period 2017-2021. Electric Car Rental Market Size was valued at USD 9. 10 years later in 2021, that figure had grown close to 7 million vehicles. 5 Billion by 2027 at a CAGR of 21. Through meticulous Electric Car Rental market segmentation and trend analysis, we have identified key growth drivers, market challenges, and transformative forces shaping each industry sector. This was over two and a half times more than in 2018. 5 billion in 2019 to 10. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 3% during the forecast period. 771 million in 2020. Follow. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. “EV growth is here to stay, so we will see more EVs in all parts of our automotive. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. 157. 6% of the total auto market (up from 2. 50 billion in 2022 to $9. The passenger vehicle (PV) segment remained dominant with 73. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. 120. Diesel will. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. . 55 billion in 2023 to USD 19. As for South America and Middle East & Africa , the construction equipment rental market is emerging. 65 mn during 2022-2027, accelerating at a CAGR of 12. Germany Car Rental Market Analysis. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 54 billion in 2022. 5 billion by 2033. 21 billion by 2030, exhibiting a CAGR of 7. New Jersey, NJ — — 05/18/2022 — The Latest research study released by HTF MI "Global Electric Car Rental Market Growth (Status and Outlook) 2022-2030" with 101+ pages of analysis on business. 9 percent over the forecast period. New Jersey, United States – Analysis of Electric Car Rental Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast The. " Global "Electric Car Rental Market" [NEW. 11, 2023 /PRNewswire/ — According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. The high demand for electric car rental services, associated advantages and the rise in demand for sustainable travelling solutions, energy-friendly travelling options, and environmental awareness to minimize carbon emission are the factors leading to the growth of the Electric Car Rental Market. 64% between 2022 and 2027. The electric car rental market size is estimated to grow at a CAGR of 12. The demand for car rental services has increased due to the growth of the tourism industry and the cost advantages they offer to the users. In Europe, car rentals are usually available at affordable costs. 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. Other factors that help in the growth of this market are an expansion of fleet sizes, a. 14 bn during 2020-2024. 23 Sep, 2021, 05:05 ET. 9% over 2020. The analysts forecast the global electric car rental market to grow at a CAGR of 11. . 25% to reach US$3,769. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. 3 million, from 2. Download. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. Growth momentum & CAGR. 80% during 2023-2028 . In 2022, the market is growing at a steady rate and with the. 24 billion in 2021 to USD 137. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 5 million, throughout the analysis period. The global car rental market is estimated to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. Click Here To Get A Sample. 45 billion in 2021 and is projected to grow from USD 3. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. To develop this. 6% of the total auto market (up from 2. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. In contrast, the United States market for BEVs. 28 billion in 2021, and it is expected to reach USD 223. Key takeaways. For example, sales of EVs grew by 15 per cent in 2019 compared to 2018, driven by the growth of BEVs in Europe (+93 per cent), China (+17 per cent) and ‘other’ regions (+22 per cent). EV Market 2022-2030: The global electric vehicle market was valued at $163. The global golf cart market size was USD 1. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The car rental service market is estimated to expand at 7. Base year. 64% between 2022 and 2027. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. In. 6 Billion by. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032. Emerge as Key. 18 trillion during 2021-2025, progressing at a CAGR of. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. Those carshare numbers have roughly doubled in five or six years, demonstrating steady growth but not an explosion. 4 billion in 2023, the market is likely to surpass US$ 307. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. 65 mn during 2022-2027, accelerating at a CAGR of 12. Advertisement. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. 22% during the forecast period, 2022-2027. 7% from 2020 to 2027. The Car Rental market was estimated to be worth. 5 million electric cars, has the largest fleet. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. NEW YORK, June 22, 2021 /PRNewswire/ --. Overall, the price war has brought down the average price. Electric Car Rental Market Growth Opportunities: • Growing Penetration of Rental Services Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaA BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. Nissan LEAF. Electric Car Rental Market Report The global Electric Car Rental market size is projected to reach USD 2044. 69 billion in 2021 to USD 2. The truck rental market in Europe accounted for the biggest share, worth USD 42. Forecast Year Market Size (2033) ~ USD 250 Billion. 053 billion in 2019. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. . The target market holds nearly a. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. Amid the COVID-19 pandemic-associated lockdowns, the e-bike rental market in India witnessed a significant decline in revenue due to the closure of transportation activities and the. 6% during the forecast period. The global golf cart market size was valued at $1. The new electric car rental market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. UK: forecast public charging revenue per electric vehicle 2016-2027. 79 Billion in 2021 and is projected to reach USD 125. The report also provides and outlook on key market trends and leading players. 120. Follow. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. Advance Market Analytics published a new research publication on “Electric Car Rental Market Insights, to 2026″ with 232 pages and enriched with self-explained Tables and charts in a. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. 21 billion by 2030, exhibiting a CAGR of 7. 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. The market is projected to grow from USD 48. L. The market is projected to grow from USD 43. and Y-o-Y Growth 4. Electric Car Rental Market Overview: The Electric Car Rental market industry is projected to. The Car. The market is projected to grow from USD 728. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. Press release - Researchmoz - Electric Car Rental Market ? Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2026 including Top Players ALD Automotive, Arval, Sixt, Europcar. Covered in this report The report covers the present scenario and the growth prospects. The global car rental market is predicted to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period. 42 Million by 2027 registering a CAGR of over 9. Market growth was disrupted owing to lockdowns and the reduced income of the population. 47 billion in 2022. 64% between 2022 and 2027. 64% between 2022 and 2027. The Market Outlook. 2022-2027. NEW YORK, June 22, 2021 /PRNewswire/ -- The global electric car rental market is poised to grow by USDLONDON--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The report offers an up-to-date analysis regarding the cur…Pricing Details. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. 44 billion by 2027 end, registering a solid CAGR growth of 13. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. 1 billion by 2030, with a CAGR of 6. To meet a charger-to-car ratio of 7:1 — which the California Energy Commission concluded would be needed to support the state’s goal of 5 million EVs on the road by 2030 — the entire country. 40% over the forecast period, According to Intelligence Market Report. 4 billion in 2021 and is estimated to grow to about USD 132. The electric car rental market size is estimated to grow at a CAGR of 12. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market Information by Vehicle Type,. Page number. The global car rental & leasing market size was valued at USD 641. 25% during the forecast period. Electric Car Rental Market Services and Solutions Top Companies, Revenue, Trends and AdvancementsNew York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. 30 billion. The Thailand Car Rental Market is valued at USD 811. Report Overview. 72 billion by 2030, exhibiting a CAGR of 15. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. Comprehensive details of factors that will challenge the growth of car rental market vendors;. Nissan LEAF | Electric Range: 240 / 363 km*. 8 billion in 2021 and is expected to reach USD 185. 50 billion in 2022 to $9. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 27 thousand units in 2022 and is expected to reach 139,846. com's offering. In January 2022, In the United Kingdom, the London Electric Vehicle Company (LEVC). 91 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 16. 01 billion in 2020, and is projected to reach $823. 25. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. The total lithium-ion–battery market for EV passenger cars grew by 17 percent, to 117 gigawatt-hours in. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. The market is projected to grow from USD 28. According to the report, the. 1. 17 billion by 2028, registering a CAGR of 4. 2020. 2017-2021. 3% during the forecast period. The report titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” provides a comprehensive analysis on the car rental market of the Philippines. 6%. 08 billion in 2021. 96 million by 2033, growing at a CAGR of 5. This report provides a detailed historical analysis of the global Electric Car Rental Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and. New Jersey, N. Zambia is the third fastest-expanding tourism destination in the world, which contributes considerably to the country’s GDP as well as to the growth of the electric car rental market. Over 2. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. Global Electric Car Rental Market Growth, Share, Size, Trends and Forecast (2023 - 2029). Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. The China Electric Vehicles Market size is expected to grow from USD 260. The market is. With many countries getting plugged into electrification, the global EV market has seen exponential growth over the last decade. S. The key. Major Highlights from Electric Car Rental Market Study Market Breakdown by Applications: Electric Cars & Others Market Breakdown by Types: Economy cars & Luxury cars Executive Summary: In this. The size of the worldwide electric car rental market was USD 867. The Automotive Rental and Leasing Market is made up of organizations, sole traders, and partnerships that rent or lease cars, trucks, vans, utility trailers, and recreational. 13 billion in 2021, and it is expected to reach USD 20. 65 billion by 2030, exhibiting a CAGR of 4. Report Coverage. 5% CAGR during the 2023 to 2029 assessment period. Jan 19, 2023 (Heraldkeepers) -- New Jersey, United States– Infinity Business Insights provides a report on the Electric Car Rental market that has a variety. Accelerate at a CAGR of 11. This press release was orginally distributed by SBWire New Jersey, USA — (SBWIRE) — 05/10/2022 — Advance Market Analytics published a new research publication on "Electric Car Rental Market. The Future of Bike and Scooter Rental Market Economy Size Expected a Growth of $ 11,040 Million by 2028, According to Vantage Market Research (VMR) WASHINGTON, Dec. 46 billion by 2029, exhibiting a CAGR of 6. Fortune Business Insights™ presented this information in an upcoming report, titled, “Luxury Car Rental Market Size, Share & Industry Analysis, By Rental Type (Business, Leisure), By Booking. Western Europe’s growth. Total annual revenue for carsharing in the U. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. 92 Billion in 2022 and is expected to. Also, the advent of robotaxis coupled with the rising adoption of car rentals in electric vehicle sectors have bolstered the market growth. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. 0% in the 2021-2028 period. Three underlying reasons explain this trend:. Due to the COVID-19 pandemic, the global Electric Car Rental market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of. 9 Billion by 2023, growing at a CAGR of 8. 65 billion in 2022 and is projected to grow from USD 500. Automobile Rental & Leasing Market Analysis. Electric Car Rental Market is poised to grow at a CAGR of 14. These companies also tried to employ the franchise. The Global Electric Car Rental Market will grow by $7. 0. 11, 2023-- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. In 2018, Europe had the same three to four percent EV market share we do now and, as of November. Forecast period. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. this year, according to Atlas Public Policy. 46 billion by 2029, exhibiting a CAGR of 6. 67 billion in 2020, growing at a CAGR of 6. 65 mn during 2022-2027, accelerating at a CAGR of 12. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. 2020. Electric Car Rental Market is Expected to Reach the Value of USD 28903. The Electric Car Rental Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. It is expected to grow to USD 25. Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. Electric vehicles will grow from 0. 03 billion in 2020. 65 mn during 2022-2027, accelerating at a CAGR of 12. . The global electric vehicle market size was valued USD 384. 7 Million by 2026, from USD 866. The environmental impact of conventional gasoline vehicles and the rise in fuel prices have paved the way for. 14 bn during 2020-2024 New Electric Car Rental Market Research Report- COVID-19 Analysis Based on Economy Cars and Luxury Cars Vehicle. The car rental industry has undergone a drastic transformation over the past few. Growth momentum. The growth of the market can primarily. 92 billion in 2019 and is projected to reach $214. Growth rate of total car rental market is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. The car rental market in UAE, under both rental and leasing models had a fleet of 110,000 passenger vehicles and 85,000 commercial vehicles in 2018 (with a total of 195,000). A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. E-bikes enable users to cycle further and more often. 40% over the forecast period, According to Intelligence Market ReportAccording to a 2023 report by market analysis company Market Research Future, the EV rental market size is expected to triple in growth by 2032. 48 billion in 2023 to USD 1,579. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. Demand For Rental Cars Due To Rise In International Tourism to Boost Growth | Technavio. The electric car rental market size is estimated to grow at a CAGR of 12. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. Market Trends 5. 36 billion in 2027 at a CAGR of 15%. 22% during the forecast period, 2022-2027. 7% between 2016 and 2020. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. 2% from 2020 to 2025. 7% from 2020 to 2027. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Market consumption volumes declined with a CARC of . The research assessment of the Market is designed to analyze futuristic trends. The global electric car rental market size is expected to grow from $8. NEW YORK, Nov. 54 billion in 2023, boasting a noteworthy Compound Annual. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Car Rental Market Research Report, Vehicle Type, Application, Service and Region - Forecast till 2027” the global market size is projected to reach around USD 19. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 65 million from 2022 to 2027. 8% during the forecast period. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. 39%, resulting in a projected market volume of US$103. The global car rental market forecast shall be $1,48,129. Jan 04, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Electric Car Rental industry. Europe will account for 42% of the growth of the. The global. 65 mn during 2022-2027, accelerating at a CAGR of 12. 57 billion in 2030, with a CAGR. 2. +1 217 636 3356 +44 20 3289 9440 [email protected] Menu. 1 million, light-duty vehicles accounted for 9 out of every 10 motor vehicles registered in 2021, with passenger cars remaining the most common type. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. Global Electric Car Rental Market Analysis and Forecast by Type 5. 50 billion in 2022 to $9. The report offers an up-to-date analysis regarding the cur…The company plans to have 25% of its 500,000 vehicle fleet be electric by the end of 2024, up from 10 percent now, as it accelerates purchases under its deals to buy 330,000 vehicles from Tesla. The report covers the present scenario and the growth prospects of. 7% during 2022–2030. Due to the rising focus to decrease the emission of harmful. Reserve today. 9%. The UAE electric vehicle market would register growth during the forecast period. 64% between. DOWNLOAD PDF. Electric Car Rental Market Trends, Growth Opportunities, and Forecast Scenarios to 2028 Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the Electric Car Rental supply chain posing challenges for manufactures in the Electric Car Rental industry. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. 2021-2025. 12 Billion from 2023 to 2028. This kicked off a price war in the segment that dragged down the value of new EVs from Ford and GM. 89 billion in 2022 to USD 214. However, registrations of multi-purpose vehicles have experienced the most. Electric Car Rental Market Research Report. 2% from 2020 to 2025. The increasing demand. 42 Billion by the end of 2030. The market is projected to grow from USD 728. The. 527 million in 2027 from US$2,309. Forecast Period. Accelerate at a CAGR of 11. 39 million by 2028, indicating a Compound Annual Growth Rate. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. the growth momentum will progress. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. 69 billion in 2022 to USD 131. Market Growth Drivers: – Growing demand for a flexible alternative to owning a car without any ties or liability. According to Precedence Research, the car rental market size is expected to hit around US$ 186.