Car rental Market Research Reports,Industry Analysis,Market Research Reports Consulting : Ken Research

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• Car Rental Services To Burgeon In Europe Via
  Improving Economic Scenario Ken Research

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• According to Europe, Car Rental Industry
  Analysis in the recent years, there has been a
  strong rise in the number of inbound tourists to
  Europe which has further led to an affirmative
  impact on the growth of this market in the
  continent. Car rental services generally function
  in a network of pick-up or drop-off points and
  provide a wide range of vehicles, which are
  usually owned by an organization that rents them
  to the users for short periods of time, depending
  on their needs be it daily, monthly, or even
  annual plans.
• Sources from Europe Car Rental Industry Research
  Report well showcase that in todays world, the
  industry has evolved from just being a basic
  service provided by popular organizations to a
  widely recognized component of the urban
  transport market and is very robustly being
  developed into a globalized industry that can
  offer much transportation, land use,
  environmental, and social benefits. Additionally
  Avis Budget, Enterprise, Europcar, Hertz, and
  Sixt have been identified as the prominent
  vendors of the car rental market in Europe which
  mainly caters to three types of transport
  including airport, local, and outstation.

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• The car rental market in Europe is characterized
  by the presence of a goodly number of
  international players along with several regional
  players and recently, the large players have been
  noticed as acquiring the smaller players that
  exist in this industry in order to ameliorate
  their overall geographical presence and product
  portfolio and embellish their technological
  abilities. Furthermore, with the rise of product
  extensions and technological innovations the
  markets competitive environment is anticipated
  to intensify as the years roll by.
• The airport transportation segment is further
  expected to experience a considerable growth as a
  result of which the overall revenue of this
  sector is all set to balloon in 2021.
  Significantly, all the key car rental vendors are
  expected to showcase an exponential growth owing
  to the resiliently expanding presence of these
  players in the prominent European countries
  including France, the UK, Germany, Spain, and
  Italy.

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• Moreover, mobility is a theme that has gained
  popularity recently and is majorly being driven
  by shifts in the consumer attitudes, urbanization
  and other societal changes like an amplified
  focus on the overall sharing economy. This has
  been witnessed as a megatrend, which is expected
  to shape the European society in the future years
  owing to an increase in the number of people who
  will seek alternative solutions to car ownership,
  for instance car and ride sharing and ultimately
  a boom in the demand will be experienced
  especially for the providers of such mobility
  services.
• Even, the car rental companies have been observed
  as focusing on adoption of electric cars in order
  to comply with the stringent environmental
  regulations and initiatives as per the Europe
  Market Research Reports for Car rental. It is
  further projected to be one of the key trends
  that will help the car rental market to blossom
  in this continent. Recently, Hertz and Enterprise
  has added electric vehicles to its portfolio and
  is all set to further introduce plug-in vehicles
  for rental and car-sharing services, which will
  be a game changer as it will help in lessening
  the cost of buying an electric car significantly
  ultimately leading to an increased influence on
  the sales of more electric cars in future.

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• Most of the US rental agencies have had their
  presence throughout Europe since a long time and
  these companies possess a higher demand feature
  in this continent because the vehicles are
  readily available in nearly all areas.
  Consequently, the number of users of these rental
  services is expected to amount to nearly 16.9
  million by 2022. Besides that, Europe Car rental
  Market Research Reports have revealed that the
  airport transport segment will act as the major
  contributor of this market owing to the presence
  of a horde of vendors, which will provide
  convenient services to the customers along with
  complimentary vehicle insurance in the years to
  proceed. Furthermore, the upcoming trends
  involving the launch of subscription model in
  rental cars are gaining momentum in this industry
  and triggering the overall market demands by
  enabling the customers to suit their different
  needs. Thus, with such ongoing developments in
  future the car rental industry in Europe will
  flourish incredibly.

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• For more information, click on the link below
• https//www.kenresearch.com/tag/automotive-transpo
  rtation-and-warehousing/car-rental/161.html
• Contact Us-
• Ken Research
• Ankur Gupta, Head Marketing Communications
• sales_at_kenresearch.com
• 0124-4230204

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