The article cited AMA's Global Electric Car Rental Market Study explored substantial growth with CAGR of %. According the report, Increasing Demand for Sustainability
is one of the primary growth factors for the market. Growth in Tourism Industry
is also expected to contribute significantly to the Electric Car Rental market. Overall, applications of Electric Car Rental, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Avis Budget Group Inc. (United States), BlueIndy LLC (United States), Enterprise Holdings Inc. (United States), ER Travel Services Ltd. (United Kingdom), Europcar Mobility Group SA (France), Fleetdrive Management Ltd. (United Kingdom), Green Motion International (United Kingdom), Sixt SE (Germany), The Hertz Corp. (United States) and Wattacars (Spain) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Electric Car Rental market identified that the demand is rising in many different parts of the world as "Growing Penetration of Rental Services". Furthermore, some recent industry insights like "On 8th March 2021 – Ola (Leading Car Rental Service Provider) Announced its Plans to Enter Electric Vehicle Segment Named “Ola Electric” by Setting up India’s First Electric Scooter Plant." is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Number of Startups in the Car Rental Business and Longer Break-Even Period"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Electric Car Rental market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Electric Car Rental market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Electric Car Rental market tight? Which application/end-user category or Product Type [Economy cars and Luxury cars] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Electric Car Rental market and other related sub-markets covered in the study.
o Key & emerging players in the Electric Car Rental market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Electric Car Rental market size is calculated using market estimation process, the Electric Car Rental market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Electric Car Rental market size has been validated using both top-down and bottom-up approaches.