Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. Western Europe’s growth. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. UK: forecast public charging revenue per electric vehicle 2016-2027. This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries. The global car rental market size was valued at $92. S. 3% during the forecast period. 66%The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. The Car Rental industry is projected to grow USD 200. The Electric Car Rental market industry is projected to grow from USD 11. 65 million from 2022 to 2027. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. It focuses on five significant trends in the global luxury-automobile segment 1 Cars with a manufacturer’s suggested retail price (MSRP) of $80,000 or more. 6 Billion by 2028. 65 mn during 2022-2027, accelerating at a CAGR of 12. The global electric car rental market is set for an electrifying surge, projecting growth from $8. Car Rental Market Outlook (2023 to 2033) The global car rental market is predicted to expand at an impressive CAGR of 9. 39 million by 2028, indicating a Compound Annual Growth Rate. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 5 million electric cars, has the largest fleet. The Car. Electric Car Rental Market Scope. 2022. 65 mn during 2022-2027, accelerating at a CAGR of 12. 47 Million in 2021 and is expected to reach USD 1261. 9 billion in 2022 and is estimated to showcase around 20% CAGR during 2023 to 2032, driven by the rising implementation of stringent government regulations for reducing emissions. 9% from 2021 to. 22, 2023 (GLOBE NEWSWIRE) -- The . The demand for car rental services is being driven by a significant uplift in the number of people traveling for both business and pleasure all over. altered Customer Preference from Public Transport to Personal Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and. In January 2022, In the United Kingdom, the London Electric Vehicle Company (LEVC). 6 million, representing close to 9% of the global car market and more than tripling their market share from two. Global Electric Car Industry. 64% between 2022 and 2027. The Global Car Rental Market size is expected to be worth around USD 275 Billion by 2032, From USD 121. The market is projected to register a CAGR of 10. 21 Billion value by 2027, exhibiting a CAGR of 6. 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. With many countries. The reports further project the market to attain a valuation of around USD 10,111. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 5% according to RationalStat. 49 million in 2022 to USD 1,71,849. 14 billion during 2020-2024. 6% of the total auto market (up from 2. Nissan LEAF | Electric Range: 240 / 363 km*. The Car Rental. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. 6 Billion by 2030, growing at a CAGR of 4. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. 13 billion in 2023 to USD 1,139. 19, 2022 (GLOBE NEWSWIRE) -- According to a report by Vantage Market Research, the Global Electric Vehicle Market was worth USD 165. The global electric vehicle market size was valued USD 384. -October 29, 2020 at 04:31 am- MarketScreener. The car rental industry in Dubai alone accounted for 23. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. 22% during the forecast period, 2022-2027. The market is driven by factors such as government initiatives to promote sustainable transportation, increasing. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. " Electric Car Rental Industry Statistics Cognitive Market. 10 years later in 2021, that figure had grown close to 7 million vehicles. The India car rental market is projected to grow at a CAGR of 9. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. 6% in terms of fleet size from rental segment during. The report covers various aspects including Business Models,. 01 Million) for the expansion of electric and hybrid car rental services across Romania. 21 billion by 2030, exhibiting a CAGR of 7. Western Europe is projected to account for 44% of car rental. NEW YORK, Jan. . Market Trends 5. 91 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 16. Electric Car Rental Market Scope. Read More. 14 bn during 2020-2024, progressing at a CAGR. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. 65 million from 2022 to 2027. 4 million by 2027, increasing from $92,252. Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. NEW YORK, Jan. 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. , Jan. The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. 08 Billion. 1 billion by 2032, growing at a CAGR of 6. The total lithium-ion–battery market for EV passenger cars grew by 17 percent, to 117 gigawatt-hours in. The study report offers a comprehensive analysis of Global Electric Car Rental Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth. 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. 8% by registering a revenue of $30,529. Pune, Feb. 1 billion by 2026, at a CAGR of 16. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. Using public transportation can become time-consuming and unpredictable. 14 billion during 2020-2024. 4 Billion in 2021 and is projected to. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. The market is. The global golf cart market size was valued at $1. The report offers an up-to-date analysis regarding the. The report titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” provides a comprehensive analysis on the car rental market of the Philippines. Intense competition, fluctuating prices, and shifting OEM. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. The attractive incentives being offered by the. The size of the worldwide electric car rental market was USD 867. 32 EST. Executive summary. EV Market 2022-2030: The global electric vehicle market was valued at $163. L. 9 percent over the forecast period. 40% over the forecast period, According to Intelligence Market Report. 7% of the global light-duty vehicle (LDV) fleet in 2020 to 31% in 2050, reaching 672 million EVs, predicts the US Energy Information Administration ( EIA ). 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 - Forecast till 2030", The truck rental market can expect to go from USD 107. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Electric Car Rental market has been performed to. 9, 2021 -- The electric car rental market is set to grow by USD 8. But in 2019, the number of units sold increased only to 2. After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. Details. 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). Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. 10 years later in 2021, that figure had grown close to 7 million vehicles. Canada Electric Car Market volume was 38576. 75 billion by 2030, registering a CAGR of 18. 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. About Us. The truck rental market in Europe accounted for the biggest share, worth USD 42. 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 format. 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. Moreover, the growth momentum will progress. Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. 2 Billion in 2022. 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. Frequent suspension of public transport systems coupled with the highly contagious nature of the virus propelled the need for passenger cars. 4 Billion in 2021 and is projected to reach a value of USD 126. The electric car rental market size is estimated to grow at a CAGR of 12. Pune, India. Market Growth Drivers: – Growing demand for a flexible alternative to owning a car without any ties or liability. 46 billion by 2029, exhibiting a CAGR of 6. 13 billion in 2021, and it is expected to reach USD 20. NEW YORK, Nov. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. The global electric scooters market size was estimated at USD 33. According to the report, the. 14 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast. 65 million from 2022 to 2027. Total annual revenue for carsharing in the U. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. GCC Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)The global market for Electric Car Rental in Airport is estimated to increase from USD million in 2023 to USD million by 2029, at a CAGR during the forecast period of 2023 through 2029. By 2025 20% of all new cars sold globally will be electric, according to the latest forecast by the. Currently, EVs make up only three to four percent of the new light duty market here in the U. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. 01 million by the end of 2030. This paves the way for remarkable growth in the global car rental market over the forecast period. According to a report by Allied Market Research, the global electric vehicle rental market size was valued at $15. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. The global golf cart market size was USD 1. Automobile Rental & Leasing Market Analysis. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. Overall, the price war has brought down the average price. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 5 billion by 2033. MRFR also estimates that the market expansion rate to be 15?tween 2019 and 2025 (appraisal period). 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. Electric car rental is a service that enables customers to rent an electric vehicle (EV) for. UK: forecast public charging revenue per electric vehicle 2016-2027. The global car rental & leasing market size was valued at USD 641. com's offering. The Electric Vehicle. 5% from 2023 to 2030. To develop this. The growth of the car rental market; Analysis of the market’s competitive landscape and detailed information on vendors; Comprehensive details of factors that will challenge the growth of car rental market vendors; Related Reports: The electric car rental market size is estimated to grow at a CAGR of 12. The market is projected to grow from USD 48. 01 billion in 2020, and is projected to reach $823. The growth of the market can primarily. Electric Car Rental Market Size, Growth Rate, And Forecast The global electric car rental market size is expected to grow from $8. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] the 10 months leading up to October, sales of fully electric. In Europe, car rentals are usually available at affordable costs. 32 billion in 2023 to USD 119. 6%. 2% from 2020 to 2025. 52%, resulting in a projected market volume of. The market is projected to grow from USD 728. Shift towards Electric/Hybrid. 50 billion in 2022 to $9. 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. NWTN Inc. 54 billion in 2023, boasting a noteworthy Compound Annual. Report Coverage. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. The shared-mobility market (as defined in the sidebar) accounted for approximately $130 billion to $140 billion in global consumer spending in 2019 (Exhibit 1). Revenue in the Car Rentals market is projected to reach US$29. 5% from 2023 to 2032. The Europe vehicle rental market was valued at over USD 13. . The global Electric Car Rental market is highly competitive and consists of a limited number of providers who compete among each other. Car Rental Market Size to Hit USD 144. With rising pollution and population, and. The market is projected to grow from USD 728. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. 14 bn during 2020-2024. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. 6 billion. 3% during the forecast period. Dublin, Nov. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. Follow. Sustained policy support has been one of the main reasons for strong electric car sales in many markets, with overall public spending on subsidies and. They accounted for 88. 1 billion by 2028, growing at a CAGR of 21. The global car rental industry is highly lucrative and predicted to witness significant growth. The analysts forecast the global electric car rental market to grow at a CAGR of 11. 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. The market is projected to grow from USD 28. The report offers an up-to-date analysis regarding the cur…Pricing Details. 65 mn during 2022-2027, accelerating at a CAGR of 12. 28 billion in 2021, and it is expected to reach USD 223. NEW YORK, June 22, 2021 /PRNewswire/ --. 1% from 2021 to 2028. NEW YORK, June 22, 2021 /PRNewswire/ --. . The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. 65 million from 2022 to 2027. 08 billion in 2021. 50 billion in 2022 to $9. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. The tools used to analyze the Global Subscription Car Rental Market research report include SWOT analysis. Economy & mid-sized sedans and compact SUVs accounted for around 80% of the combined rental and lease fleet. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. , Sixt Rent A Car, LLC, Europcar. According to Precedence Research, the car rental market size is expected to hit around US$ 186. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. Electric vehicles are gaining popularity and market share. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. As…Europe Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028). 1% market share. Autonom Service, a car rental company, invested Euro 15 million (USD 16. Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and is recovering strongly from the economic crisis after pandemic. 52% during the 2022-2029 forecast period. Electric Vehicles market unit sales are expected to. As per the reports, the car rental market was worth nearly USD 7,920 million in the. In 2022, the. The global car rental & leasing market size was valued at USD 641. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. Details. 1% from 2022 to 2030. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 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. Electric Car Rental Market Report 2022 focuses on company overview with market characteristics, geographical representation of industry size, share and growth analysis with revenue details and. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. Market Research. 50 billion in 2022 to $9. Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and is recovering strongly from the economic crisis after pandemic. 54 billion in 2022. The global electric car rental market is forecast to grow by. This was over two and a half times more than in 2018. NEW YORK, Aug. Base year. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. New Jersey, NJ — — 05/18/2022 — The Latest research study released by HTF MI "Global Electric Car Rental Market Growth (Status and Outlook) 2022-2030" with 101+ pages of analysis on business. New Study Reports “Electric Car Rental Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. 64% between 2022 and 2027. com announces the release of the report 'Global Electric Car Rental Market 2020-2024'. 57 billion in 2030, with a CAGR. As the world transitions towards a sustainable future, the electric car rental. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. The global car rental market size reached US$ 79. The electric car rental market is poised to grow by $11246. 64% during the forecast period. The car rental service market is estimated to expand at 7. To get the exact yearly growth variance and the Y-O-Y growth rate, View Report Snapshot. Various factors, including the diversification of services, increasing urbanization, rising disposable income, ascending preference for on-demand transportation, and growth of tourism, have played a major role in the market growth. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. By 2025 20% of all new cars sold globally will be electric, according to the. 14 bn during 2020-2024, progressing at a CAGR. In 2022, the market is growing at a steady rate and with the. 64% between. Company. The UAE electric vehicle market would register growth during the forecast period. 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. Advertisement. The size of the market is forecast to increase by USD 11,246. Page number. 92 Billion in 2022 and is expected to. The global car rental & leasing market size was valued at USD 641. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. Moreover, the growth momentum will progress. As per the reports, the car rental market was worth nearly USD 7,920 million in the. 120. The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i. Shift towards Electric/Hybrid. 56 billion by 2028, at a CAGR of 17. 1. Electric Car Rental Market Overview: The Electric Car Rental market industry is projected to. Due to the rising focus to decrease the emission of harmful. The global car rental market size was valued at USD 98. Pune, India, July 26, 2022 (GLOBE NEWSWIRE) -- The global car rental market size hit USD 68. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. 45 billion in 2021 and is projected to grow from USD 3. 92 billion in 2019 and is projected to reach $214. The various travel restrictions and lockdowns implemented. Shift towards Electric/Hybrid. 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. 3% during the forecast period. 65 mn during 2022-2027, accelerating at a CAGR of 12. 6% during the forecast period. Future developments may include increased vehicle autonomy and. 42 billion in 2021. The Electric Car Rental market report is segmented into sub-segments for comprehension and imbued with valuation and growth patterns. The investments in the car-sharing market, at approximately $3 billion, are small compared with investments in e-hailing. 15 million in 2021, and it is anticipated to increase to USD 2363. 7% from 2021 to 2028. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian. 6% of the total auto market (up from 2. 23 Sep, 2021, 05:05 ET. Car Rental Platform Market size was valued at USD 89. The electric car-rental market is projected to reach $19 billion (€19. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. The Car rental market accounted for USD 119. 8% during the forecast period. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. 01% during the period 2017-2021. The car industry will stay in low gear in 2024. 2020. 42 Billion by the end of 2030. Details. Germany car rental was valued at USD 2. 43 billion in 2028 at a CAGR of 25. 7% from 2020 to 2027. . Comprehensive details of factors that will challenge the growth of car rental market vendors;. As governments worldwide push for a transition to sustainable transportation, electric car rentals will play a. 7 Million by 2026, from USD 866. 2 Million in 2020, at a CAGR of 15. 47 Million in 2021 and is expected to reach USD 1261. Basis Point Share (BPS. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market. 70% during the forecast period from 2023 to 2032. The electric car rental market size is estimated to grow at a CAGR of 12. An electric bike is a bicycle with a motor and rechargeable batteries that assist the rider and alleviate some of the pressure of pedaling. 92 billion in 2019 and is projected to reach $214. LPI (LP Information)' newest research report, the â Electric Car Rental Industry Forecastâ looks at past sales and reviews total world Electric Car Rental sales in 2022, providing a comprehensive analysis by region and market. 2 Million, at a CAGR of 15 % by 2030 | Wattacars, Blueindy, Zipcar, Zoomcar NEW YORK, NY, UNITED STATES, April 18, 2023. 65 million from 2022 to 2027. +1 217 636 3356 +44 20 3289 9440 [email protected] Menu. 24 billion in 2021 to USD 137. The growth of the travel and tourism sector. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 8 billion in 2021 and is expected to reach USD 185. Trend 1: Europe continues to lead EV adoption. 34% in 2020 as compared to 2019. E-bikes enable users to cycle further and more often. The increasing demand. Recreational Vehicles (RVs) are portable units mounted on chassis and wheels. 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. The global car rental market was worth around USD 87. 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. At 24. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 13 billion in 2023 to USD 1,139. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. 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. 2% in terms of revenues during 2022-2028. 6%. 2021-2025. Indonesia has the largest auto leasing market and car rental market in South East Asia. 64% between 2022 and 2027. 2017-2021. Technavio's analysts forecast the global electric car rental market to grow at a CAGR of 11. 0 million by 2029. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast period (2022 - 2027). . 7% during 2022–2030. The passenger vehicle (PV) segment remained dominant with 73. In 2022, the market is growing at a steady rate and with the. , 2022 – 2030. 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. NEW YORK, Jan. 6 Billion by. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's latest market. 36 billion in 2027 at a CAGR of 15%. 1. 94bn in 2023. 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. 59 billion by 2030 from valued at US$ 95. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 1 billion by 2027, at a CAGR of 18. What are the future trends you foresee in this market over the. 7 per cent growth in new companies registering this year as per RTA figures. 6% in terms of fleet size from rental segment during.