Automobile Rental And Leasing Market
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Global Automobile Rental And Leasing Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Automobile Rental And Leasing Market Report by The Business Research Company covers automobile rental and leasing market drivers and restraints, automobile rental and leasing market size, major players, and the impact of COVID-19 on the automobile rental and leasing market.

The automobile rental and leasing market consists of sales of automotive equipment renting or leasing services by entities (organizations, sole traders and partnerships) that provide passenger cars and truck/vans, utility trailer, and recreational vehicle (RV) without drivers and utility trailers. These establishments generally operate a retail store like facility for automotive equipment renting and leasing. Some automotive equipment rental and leasing companies offer short-term rental or long-term leases, while others provide both types of services.

The global automobile rental and leasing market is expected to recover from COIVID-19 crisis and grow from $239.6 billion in 2020 to $421.3 billion in 2023 at a CAGR of 15.06%. The market is expected to grow at a CAGR of 8.1% to nearly $492.6 billion by 2025, and at a CAGR of 8.0% to $723.3 billion by 2030.

The automobile rental and leasing market is expected to be driven by the growing sales of electric vehicles in the forecast period. Leasing is increasingly being used as a key method to drive electric vehicle sales, especially in developed markets. By offering competitive monthly payment and vehicle return options, leasing compared with other purchasing methods significantly eases consumer concerns around electric vehicle cost and technology obsolescence. In 2018, 80% of electric vehicles were sold via leasing in the US; the lease penetration in new electric vehicles is expected to increase further thus driving the market.

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Some automobile rental and leasing market trends include using technologies such as big data to improve customer service and increase vehicle life. Big data is large amounts of data that can be analyzed to gain insights and drive decision making. Moreover, the Internet of things technology is widely being used by car rental and leasing companies in the maintenance and management of fleets.

Global automobile rental and leasing market segments include:

1) By Type: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, And Recreational Vehicle Rental And Leasing

2) By Type Of Mode: Online, Offline

3) By Type Of Lease: Open, Close

4) By End Use: Individual, Corporate

5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Automobile Rental And Leasing Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides automobile rental and leasing market overviews, analyzes and forecasts market size, share, automobile rental and leasing market players, automobile rental and leasing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The automobile rental and leasing identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Automobile Rental And Leasing Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Enterprise Holdings, The Hertz Corporation, Avis Budget, Daimler Group, LeasePlan

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Automobile Rental And Leasing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Automobile Rental And Leasing Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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Here is a list of reports from The Business Research Company similar to the Automobile Rental And Leasing Opportunities And Strategies: Forecast To 2030:

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