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

The low incidence of millennial automobile ownership is expected to promote innovation in passenger car rental production, pushing the market during the forecast period.

The global passenger car rental market is expected to grow from $6.34 billion in 2022 to $6.80 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The global preparation of coffee extracts market size is expected to reach $8.48 billion in 2027 at a CAGR of 5.7%.

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Global Passenger Car Rental Market Segments Include:

• By Product Type: Capsules Or Tablets, Powder, Liquid Green Coffee Bean Extraction, Chews
• By Source Type: Green Coffee Beans, Roasted Coffee Beans
• By Nature Type: Organic, Conventional
• By Application: Food Industry, Beverage Industry, Pharmaceutical And Skincare, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global passenger car rental market in 2021.

Major Market Players in the passenger car rental market include NatureWise, Sports Research Corporation, MuscleTech, GreeNatr, BioNutrition inc, Genesis Today, Purely Inspired, Savory Spice, McCormick & Company.

Technological innovation is a key trend that is gaining traction in the market for coffee extract preparation. To strengthen their market position, major market players are focusing their efforts on developing novel technologies. For example, Nescafé Dolce Gusto (Nestle), a Swiss coffee extraction company, introduced Neo, next-generation coffee machines and pods with its proprietary cutting-edge technology known as SmartBrewTM, in November 2022, to create sustainability and the ultimate coffee experience. SmartBrewTM technology offers three different brewing techniques by adjusting the extraction parameters for each beverage using a connected application, allowing customers to experience premium espressos, Americanos similar to those served in coffee shops, and drip-style coffees without any hassle.

The Passenger Car Rental Global Market Report 2023 provides a passenger car rental market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The passenger car rental market forecast analyzes passenger car rental market size, passenger car rental market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Passenger car rentals are auto services that rent vehicles for a certain, usually short period of time. To ensure a safe and comfortable journey, rental automobiles often have reduced mileage and are repaired on a regular basis.

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