Europe Car Rental Market Size- By Vehicle Type, By Mode of Booking, By Purpose, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Europe Car Rental Market Overview
According to SPER Market Research, the Europe Car Rental Market is estimated to reach USD 41.63 billion by 2032 with a CAGR of 13.34%. Due to the expansion of domestic and foreign companies in the market as well as an increase in tourist numbers in European nations, the Europe automobile rental industry experienced growth throughout the review period in terms of fleet size and revenue.
Impact of COVID-19 on the Europe Car Rental MarketRecent COVID-19 has slowed the expansion of the market. Rental car demand has decreased due to lockdowns and travel restrictions. However, following major COVID-19 pandemic outbreaks in nations like Italy, France, the United Kingdom, Spain, etc., the European car rental business is showing signs of a respectable recovery.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Vehicle Type, By Mode of Booking, By Purpose, By Application
Regions covered France, Germany, Ireland, Italy, Poland, Portugal, Spain, UK, Rest of Europe
Companies Covered ANI Technologies Pvt. Ltd. (Ola Cabs), Avis Budget Group, Inc., AVR Qatar, Inc., Eco Rent a Car, Enterprise Holdings, Inc., Europcar Mobility Group, Hertz Global Holdings, Inc., Localiza, SIXT SE
Europe Car Rental Market Segmentation:
By Vehicle Type: Based on the Vehicle Type, Europe Car Rental Market is segmented as; Economy cars, Executive cars, Luxury cars, MUVs, SUVs, Others.
By Region: The largest market share in the European market for car rentals was held by France. Germany, Spain, the United Kingdom, Italy, Portugal, Ireland, Poland, and other European nations came after this. Additionally, the UK dominated the European market for car rentals.