Global Electric Car Rental Market 2024-2028
The electric car rental market is forecasted to grow by USD 18005.9 mn during 2023-2028, accelerating at a CAGR of 16.68% during the forecast period. The report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for rental cars due to rise in international tourism, need for optimum performance and reduction in emissions, and growing government regulations, incentives, and subsidies on EVs.
Technavio's electric car rental market is segmented as below:
By Type
By Distribution Channel
By Geography
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the technological advancements in battery technology as one of the prime reasons driving the electric car rental market growth during the next few years. Also, OEMs pushing for embedded telematics systems in BRIC nations and introduction of battery swapping technology will lead to sizable demand in the market.
The report on the electric car rental market covers the following areas:
- Electric car rental market sizing
- Electric car rental market forecast
- Electric car rental market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric car rental market vendors that include Avis Budget Group Inc., Blu Smart Mobility Pvt. Ltd., Blue Cars Ltd., Current Vehicles Ltd., DriveElectric, Enterprise Holdings Inc., Envoy Technologies Inc., ETO Motors Pvt. Ltd., Evoke Pty Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXT SE, Stellantis NV, UFODrive SA, Volkswagen AG, Volt Age Hire, Wattacars, ZERO Carbon Technologies Inc., and Zoomcar India Pvt. Ltd.. Also, the electric car rental market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.