Dublin, July 04, 2022 (GLOBE NEWSWIRE) -- The "Tourism Vehicle Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global tourism vehicle rental market reached a value of US$ 49.86 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 71.69 Billion by 2027, exhibiting a CAGR of 6.24% during 2021-2027.
Tourism 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. Tourism vehicle rental provides increased mobility and minimizes the concerns and costs associated with vehicle ownership.
Moreover, the advent of web-based solutions and smartphones for renting tourism vehicles is providing a thrust to the market growth. These solutions enable the consumers to conveniently reserve rented vehicles online through third-party travel booking organizations. In line with this, the integration of dashcams, global positioning system (GPS) and other geo-tracking technologies aid in monitoring the location and operation of the rented vehicle and conducting predictive maintenance, thereby enhancing the efficiency of the vehicles.
Additionally, the availability of periodically sanitized self-driven rented vehicles for safe traveling is also contributing to the growth of the market. Other factors, including the implementation of favorable government policies to encourage tourism activities in monuments, museums and parks, along with rising expenditure capacities of the consumers, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global tourism vehicle rental market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, booking mode and end user.
Breakup by Vehicle Type:
- Economy
- Luxury/Premium
Breakup by Booking Mode:
- Online
- Offline
Breakup by End User:
- Self-Driven
- Rental Agencies
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Tourism Vehicle Rental Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup 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 Market Breakup by Booking Mode
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 Breakup by End User
8.1 Self-Driven
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 Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
Companies Mentioned
- Alamo (Enterprise Holdings Inc)
- Auto Europe
- Avis Budget Group Inc.
- Carzonrent India Pvt Ltd.
- EasyCar.com
- Europcar Mobility Group
- Europe Luxury Cars
- Kemwel
- Sixt SE
- The Hertz Corporation and Zoomcar India Private Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/p5om70
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