Global Tourism Vehicle Rental Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Tourism vehicle rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Tourism vehicle rental market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Tourism vehicle rental refers to the service of renting vehicles to tourists and travelers for their transportation needs during trips. It offers an efficient and convenient solution to explore a new destination with comfort and flexibility. It provides a suitable alternative to relying on public transportation or organized tours by giving travelers the freedom to customize their itineraries and visit numerous attractions or remote locations according to their choice.
The global tourism vehicle rental market size reached US$ 53.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Global Tourism Vehicle Rental Market Trends and Drivers:
At present, the increasing adoption of tourism vehicle rental due to the rising preference for adventure travel among individuals around the world represents one of the major factors contributing to the growth of the market. Moreover, the growing demand for flexible transportation during trips to explore various destinations is offering a positive market outlook. Apart from this, the rising adoption of electric and hybrid vehicles among tourists that produce low or no emissions in the environment is offering lucrative growth opportunities to industry investors. In line with this, the increasing integration of advanced technologies, such as global positioning systems (GPS), in vehicles to provide enhanced user experience and convenience is bolstering the growth of the market. Furthermore, the rising popularity of specialized travel vehicles, such as campervans, off-road sport utility vehicles (SUVs), and motorhomes, is supporting the growth of the market.
Global Tourism Vehicle Rental Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Alamo (Enterprise Holdings Inc), Auto Europe, Avis Budget Group Inc., Carzonrent India Pvt Ltd., EasyCar.com, Europcar Mobility Group, Europe Luxury Cars, Kemwel, Sixt SE, The Hertz Corporation and Zoomcar India Private Ltd
The report segmented the market on the basis of region, vehicle type, booking mode and end user.
Breakup by Vehicle Type:
- Economy
- Luxury/Premium
Breakup by Booking Mode:
- Online
- Offline
Breakup by End User:
- Self-Driven
- Rental Agencies
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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