Europe Vehicle Rental Market by 2024 Industry Overview & Forecast by Market Revenue, Size, Share, Consumption, Trend, Vendors, Types and Application

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The “Europe Vehicle Rental Market” trend analysis report presents an in-depth analysis regarding the development, current trends, industry policies, and regulations implemented in each of the geographical regions. Europe Vehicle Rental Market Report (2020-2024) Provides key statistics on market overview, major key-players of industry, the scope of the report, key trends in the market as well as regional analysis. The report also provides leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue. It also provides Report provides an analytical calculation of the prime challenges faced by this Market currently and in the coming years.

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Europe Vehicle Rental Market Report Includes Major Key-Players:

  • Advantage Rent-a-Car
  • Avis Budget Group
  • Enterprise Rent-a-Car
  • Europcar
  • Hertz
  • Inter-Rent
  • Peugeot Open-Europe
  • Sixt Group
  • Thrifty

    Market Overview:

  • The European vehicle rental market is anticipated to register a CAGR of about 6.23%, during the forecast period (2019 – 2024).
  • – One of the major factors driving the growth of the passenger car rental market is the growth in the tourism industry (resulting in an increase in the number of tourists visiting the region per month) and growing business opportunities in the region.
  • – Additionally, factors, such as increasing regulations on vehicle emissions, advancement in vehicle safety, the introduction of driver assist systems in vehicles, rapidly growing logistics, retail, and e-commerce sectors, have been significantly driving the demand for new advanced trucks in the European market over the past two years (2017-2018). Truck rental companies have also been equally impacted by the above factors, and are upgrading various systems of trucks in their rental fleet and adding new trucks in their rental fleet side-by-side, in order to capture the increasing market demand.
  • – Short-term leasing is likely to continue to grow during the forecast period, as it aids the European businesses meeting the peaks and troughs of seasonal demand by providing suitable trucks for the job at a short notice, without any penalties or commitments.
  • – European cars are majorly rented for a 24-hour period, usually with a 59-minute grace period. However, vehicles are most economical when rented for a week, or for a duration of more than five days, with unlimited mileage.
  • – The intensity of competition in the truck rental market in Europe is high, as truck rental firms, as well as truck OEMs, who offer rental services have been rigorously promoting their fleet management services to customers, such as telematics that offer optimal usage of the rental trucks with service support, document administration, cost estimates, insurances, and door-to-door services.

    Scope of the Report:

    The European vehicle rental market has been segmented by application type, booking type, vehicle type, and rental length type.

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    Reasons to Purchase this Report:

    • Current and future of Global Europe Vehicle Rental Market outlook in the developed and emerging markets
    • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    • Report customization as per the client’s requirements
    • Regions that are expected to witness the fastest growth during the forecast period
    • Identifying the latest developments, market shares and strategies employed by the major market players

    Europe Vehicle Rental Market Forecast (2020-2024):

    • Market Size Forecast: By Applications/End Users, Global Overall Size, By Type/Product Category, By Geographical Area.
    • Key Data (Revenue): Market Size, Market Share, Business Growth, Product Sales Price.

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    Some Major Points Covered from TOC:

    Chapter 1: Europe Vehicle Rental Market Definition

    Chapter 2: Research Methodology of Europe Vehicle Rental Market

    Chapter 3: Europe Vehicle Rental Market Executive Summary

    Chapter 4: Europe Vehicle Rental Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Europe Vehicle Rental Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Europe Vehicle Rental Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Europe Vehicle Rental Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Europe Vehicle Rental Market

    For Detailed TOC Click Here

     

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