The Europe Van Rental Market size is estimated at USD 7.19 billion in 2024, and is expected to reach USD 9.44 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).
The Europe Van Rental market is a moderately consolidated market with key players like Hertz Global Holdings Inc, Enterprise Holdings Inc, Europcar Mobility, Fraikin SA, Lease PLC, and Sixt SE. These players are actively engaged in the market and are focused on designing growth strategies like fleet expansions and collaborative agreements to improve their considerable share in the market.
For instance, in October 2022, Hertz and Palantir Technologies Inc. announced a multi-year partnership to use real-time, data-driven insights to drive operational excellence at Hertz and improve the customer experience. This investment is part of Hertz's ongoing commitment to modernize its technology platforms to lead in electrification, shared mobility, and customer experience. Hertz is using the Palantir Foundry operating system to build a platform to help the company manage and operate its nearly 500,000-vehicle fleet, including tens of thousands of EVs, more efficiently.
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