Electric Car Rental Market poised to grow by USD 7.14 billion during 2020-2024

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Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7.14 billion during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Avis Budget Group Inc., BlueIndy LLC, Enterprise Holdings Inc., ER Travel Services Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, SIXT SE, The Hertz Corp., and Wattacars are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Demand for rental cars has been instrumental in driving the growth of the market.

Electric Car Rental Market 2020-2024: Segmentation

Electric Car Rental Market is segmented as below:

  • Vehicle Category
    • Economy Cars
    • Luxury Cars
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

Electric Car Rental Market 2020-2024: Vendor Analysis

The report provides a detailed analysis of vendors operating in the electric car rental market, including some of the vendors such as Avis Budget Group Inc., BlueIndy LLC, Enterprise Holdings Inc., ER Travel Services Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, SIXT SE, The Hertz Corp., and Wattacars. Backed with competitive intelligence and benchmarking, our research reports on the electric car rental market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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