Tourism Vehicle Rental Market

1. Tourism Vehicle Rental Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global tourism vehicle rental market size was valued at USD 57.63 billion in 2020 and is expected to expand at a CAGR of 8.3% during the forecast period, 2021–2028. The growth of the market is attributed to growing urbanization and government incentives that attracts new entrants to purchase cars. A tourism rental vehicle is a self-propelled vehicle capable of providing temporary housing or used by tourists to travel on a rental basis. Automobile rentals, companies provide extra services such as GPS navigation systems, insurance, entertainment systems, portable Wi-Fi, and child safety seats. The tourist sector benefits from the socio-economic progress of countries across the world. The rental vehicle sector is growing in parallel with the tourism industry. Vehicles are often rented for a short period of time, extending from a few hours to a few weeks. Request Sample link :-https://growthmarketreports.com/request-sample/2473 Market Trends, Drivers, Restraints, and Opportunities  The provision of agencies that allow users to return a car to a different place is expanding the demand for rental cars, driving the market growth. Government's investments on tourist places and increasing consumer disposable income are expected to drive the market growth. Changing lifestyle is acting as a major factor spurring the market growth.  

2.  High cost of well-known tourism vehicle rental businesses can create challenges for the market growth. Increasing penetration in suburbs, especially in developing nations can create lucrative opportunities during the forecast period.  Market Segment Insights: Booking mode segment is expected to grow at a rapid pace Based on booking modes, the market is bifurcated into online and offline. The online segment is expected to grow at a rapid pace during the forecast period owing to rapid digitization. However, the offline segment is anticipated to hold a considerable share of the market, especially in suburbs. Moreover, rising disposable income is expected to boost the segment growth. Enquiry Link :-https://growthmarketreports.com/enquiry-before-buying/2473 Competitive Landscape Key players competing in the global tourism vehicle rental market such as enterprise; Six SE; The Hertz Corporation; Europcar; Avis, and others. Companies are expanding their presence their online presence to leverage their market presence. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter