The expansion of the tourism sector (which has led to an increase in the number of tourists visiting the region each month) and expanding business prospects in the area are some of the key factors boosting the growth of the passenger car rental market. During the anticipated period, it is anticipated that the expansion of the European commercial vehicle market would be aided by rising commercial activity in the region and a growing logistics industry.
The already precarious automobile and vehicle rental sectors saw negative growth as a result of the COVID-19 pandemic. In addition, lockdowns and closures brought on by the outbreak have halted demand for car rentals. But because automobile rental firms are starting to buy cars again, the market for vehicles is predicted to develop reasonably during the forecast period.
The Europe Car Rental Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ANI Technologies Pvt. Ltd. (Ola Cabs), Avis Budget Group, Inc., AVR Qatar, Inc., Eco Rent a Car, Enterprise Holdings, Inc., Europe car Mobility Group, Hertz Global Holdings, Inc., Localiza, SIXT SE.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment –By Vehicle Type (Economy cars, Executive cars, Luxury cars, MUVs, SUVs, Others), By Mode of Booking (Offline, Online), By Purpose (Business, Leisure), By Application (Airport Transport, Local usage, Outstation, Others).
This report also provides the data for key regional segments of France, Germany, Ireland, Italy, Poland, Portugal, Spain, UK, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.