Car Rental & Leasing Market by Type (Rental, Leasing), by Use (Personal, Commercial), by Propulsion (ICE, Electric), by Mode (Online, Offline), by North America (U.S., Canada, Mexico), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Car Rental & Leasing Market size was valued at USD 641.54 USD Billion in 2023 and is projected to reach USD 1071.30 USD Billion by 2032, exhibiting a CAGR of 7.6 % during the forecast period. Car rental and leasing are car services that are offered by the players to common people for a particular duration of time at a particular agreed-upon amount. Some of the leading car rental service providers are giving quality services and promoting their brands at airports, which is helping customers adopt their services. It is generally used when travelling for business or vacation. They have a wide range of advantages, including no down payment needed. The car you obtain is financed by a leasing company, Maintenance Benefits. All vehicles are subject to wear and tear, hassle-free car replacement, tax savings, simpler approval than auto loans, insurance coverage, and more. Growing demand for car sharing, an increase in the number of business travellers, and the growth of megacities are some of the reasons that are leading to huge growth in the car rental service industry. Factors like the integration of advanced technologies like GPS digital transactions and real-time monitoring are playing an important role in the growth of the car rental services market.
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The report provides granular analysis of the Car Rental & Leasing market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.6% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.6% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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