Tourism Vehicle Rental Market Growth, Demand and Challenges of the Key Industry Players 2024-32 - PowerPoint PPT Presentation

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Tourism Vehicle Rental Market Growth, Demand and Challenges of the Key Industry Players 2024-32


According to the latest research report by IMARC Group, The global tourism vehicle rental market size reached US$ 56.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 95.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032. More Info:- – PowerPoint PPT presentation

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Title: Tourism Vehicle Rental Market Growth, Demand and Challenges of the Key Industry Players 2024-32

Global Tourism Vehicle Rental Market Research and
Forecast Report 2024-2032
  • Format PDFEXCEL

2023 IMARC All Rights Reserved
About IMARC Group
  • International Market Analysis Research and
    Consulting Group is a leading adviser on
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Report Highlight and Description
  • According to the latest report by IMARC Group,
    titled "Tourism Vehicle Rental Market Global
    Industry Trends, Share, Size, Growth, Opportunity
    and Forecast 2024-2032," the global tourism
    vehicle rental market size reached US 56.4
    Billion in 2023.
  • Tourism vehicle rental refers to the practice of
    renting vehicles, such as cars, vans,
    motorcycles, or campervans, to individuals or
    groups for a specific period during their
    travels. It is a service provided by rental
    companies to cater to the transportation needs of
    tourists and travelers. Tourism vehicle rental
    offers convenience and flexibility, allowing
    travelers to explore their destinations at their
    own pace and convenience. It provides an
    alternative to relying solely on public
    transportation or organized tours, giving
    travelers the freedom to customize their
    itineraries and visit various attractions or
    remote locations.
  • The process typically involves making a
    reservation in advance, selecting a suitable
    vehicle, completing necessary paperwork and
    agreements, and picking up the vehicle at the
    designated rental location. Travelers can then
    use the rented vehicle during their desired
    period, following local traffic laws and
    regulations. Tourism vehicle rental services are
    typically available in popular tourist
    destinations, airports, and city centers. They
    provide travelers with the means to navigate
    their chosen destinations comfortably and
    efficiently, enhancing their overall travel
  • Request for a PDF sample of this report

Report Description
  • Global Tourism Vehicle Rental Market Trends
  • The expansion of the travel and tourism industry
    represents one of the key factors driving the
    growth of the market across the globe. This,
    coupled with the increasing demand for vehicle
    rental services and the rising need for
    transportation options, is acting as a major
    growth-inducing factor. In line with this, the
    rise in global travel and international tourism
    is contributing to the growth of the market. This
    is primarily due to exploring destinations and
    enjoying flexible transportation during their
    trips, which is driving the growth of the market.
    This market is also driven by the rising trend of
    independent and self-guided travel, where
    individuals or small groups prefer to plan their
    trips rather than rely on organized tours. In
    addition to this, the tourism vehicle rental
    services offer a wide range of vehicle options to
    cater to different traveler preferences and group
    sizes, which is driving the demand for tourism
    vehicle rental worldwide, which, in turn, is
    facilitating the growth of the market. Apart from
    this, the widespread adoption of the internet and
    smartphones among consumers is shifting the
    preference of consumers toward online booking
    mode, which is further boosting the growth of the
    market. Other factors, including the increasing
    demand for convenience and flexibility among
    travelers, rising collaborations and partnerships
    with travel agencies, hotels, airlines, and
    online travel platforms, and the advent of online
    booking platforms and mobile applications, are
    creating a positive outlook for the market across
    the globe.
  • Looking forward, the market value is projected to
    reach US 95.6 Billion by 2032, expanding at a
    CAGR of 5.9 during 2024-2032.
  • View Report TOC, Figures and Tables

Report Segmentation
  • Breakup by Vehicle Type
  • Economy
  • Luxury/Premium
  • Breakup by Booking Mode
  • Online
  • Offline
  • Breakup by End User
  • Self-Driven
  • Rental Agencies

Report Segmentation
  • Breakup by Region
  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Competitive Landscape with Key Players
  • Alamo (Enterprise Holdings Inc)
  • Auto Europe
  • Avis Budget Group Inc.
  • Carzonrent India Pvt Ltd.
  • Europcar Mobility Group
  • Europe Luxury Cars
  • Kemwel
  • Sixt SE
  • The Hertz Corporation
  • Zoomcar India Private Ltd.

Key Questions Answered in the Report
Table of Contents
  • 1    Preface2    Scope and Methodology    2.1  
     Objectives of the Study    2.2  
     Stakeholders    2.3    Data Sources       
    2.3.1    Primary Sources        2.3.2  
     Secondary Sources    2.4    Market Estimation 
          2.4.1    Bottom-Up Approach        2.4.2  
     Top-Down Approach    2.5    Forecasting
    Methodology3    Executive Summary4  
     Introduction    4.1    Overview    4.2    Key
    Industry Trends5    Global Tourism Vehicle
    Rental Market    5.1    Market Overview    5.2
       Market Performance    5.3    Impact of
    COVID-19  5.4    Market Forecast
  • 6     Market Breakup by Vehicle Type    6.1  
     Economy        6.1.1 Market Trends       
    6.1.2 Market Forecast    6.2    Luxury/Premium 
          6.2.1 Market Trends        6.2.2 Market
    Forecast7   Market Breakup by Booking Mode   
    7.1    Online        7.1.1 Market Trends       
    7.1.2 Market Forecast       

Table of Contents
  •     7.2    Offline        7.2.1 Market Trends 
          7.2.2 Market Forecast8   Market Breakup by
    End User    8.1    Self-Driven        8.1.1
    Market Trends        8.1.2 Market Forecast   
    8.2    Rental Agencies        8.2.1 Market
    Trends        8.2.2 Market Forecast9   Market
    Breakup by Region    9.1    North America     
      9.1.1 United States  Market
    Trends  Market Forecast       
    9.1.2 Canada  Market Trends   
  Market Forecast    9.2  
     Asia-Pacific        9.2.1 China      Market Trends  Market
    Forecast        9.2.2 Japan 
    Market Trends  Market Forecast
  •         9.2.3 India  Market
    Trends  Market Forecast       
    9.2.4 South Korea  Market
    Trends  Market Forecast
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