Electric Car Rental Market Size to Grow by $8.18 Trillion, Avis Budget Group Inc. and Enterprise Holdings Inc. Among Key Vendors

NEW YORK, August 8, 2022 /PRNewswire/ — The electric car rental market is fragmented. Vendors employ organic and inorganic growth strategies to gain a competitive advantage.

The market size for electric cars is expected to continue to grow $8.18 trillion from 2020 to 2025. Moreover, the growth momentum of the market is set to accelerate at a CAGR of 11.66% during the forecast period.

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Electric Car Rental Market 2021-2025: Scope

The Electric Car Market Report Covers the Following Areas:

Electric Car Rental Market 2021-2025: Vendor Analysis

Avis Budget Group Inc., Enterprise Holdings Inc., ER CAPITAL Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXTH SE, and Wattacars are among the major market players. The key offerings of some of these providers are listed below:

  • Avis Budget Group Inc. – The Company offers car rental services through the Avis Mobile App.
  • Enterprise Holdings Inc. – The Company provides rental car services under the Enterprise Rent-A-Car (ECAR) brand.
  • ER CAPITAL Ltd. – The company provides car and van hire services in the UK and is expanding into the US.
  • Europcar Mobility Group SA – The company offers electric cars as well as cables, a charging card and an app.
  • Fleetdrive Management GmbH – The Company offers commercial vehicle leasing and value-added fleet management solutions.

This report provides a complete list of the major vendors, their strategies, and the latest developments. Request a FREE PDF sample now

Electric Car Rental Market 2021-2025: Driver and Challenge

That increasing demand for rental cars due to the increase in international tourism drives the growth of the market. International travel has increased significantly worldwide. It has contributed to job creation and the well-being of communities worldwide. Most tourists choose rental cars instead of tourist services to explore places. Rental cars offer advantages over taxis and tourist services in terms of privacy, security, freedom and cost advantages. Therefore, the growth of the tourism industry is crucial for the growth of the rental car market.

The global power crisis is hampering the growth of the EV market, which is challenging the growth of the electric car rental market. The demand for energy to power vehicles is increasing worldwide with the growth of hybrid vehicle and electric vehicle markets. Developing and underdeveloped countries, where electricity production only corresponds to average daily consumption, cannot afford a large number of electric vehicles. Therefore, the growing electricity crisis in developing countries is a major hurdle for the growth of electric vehicles and hence the global electric car rental market.

Electric Car Rental Market 2021-2025: Segmentation

  • vehicle category
  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • THING

Electric Car Rental Market 2021-2025: Key Highlights

  • CAGR of market during forecast period 2021-2025
  • Detailed information on factors that will support the growth of the electric car rental market in the next five years
  • To estimate the size of the electric car rental market and its contribution to the parent market
  • Predictions about upcoming trends and changes in consumer behavior
  • The growth of the electric car rental market
  • Analysis of the competitive landscape of the market and detailed information about vendors
  • Full details of factors that will challenge the growth of the vendors in the electric vehicle market

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Reach of the electric car rental market

report coverage

details

page number

120

base year

2020

forecast period

2021-2025

Growth Dynamics & CAGR

Accelerate with a CAGR of 11.66%

Market growth 2021-2025

$8.18 trillion

market structure

fragmented

YoY Growth (%)

10.68

Regional Analysis

Europe, North America, APAC, South America and MEA

make a market contribution

Europe at 43%

Important consumer countries

USA, China, Germany, Italy and France

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

Avis Budget Group Inc., Enterprise Holdings Inc., ER CAPITAL Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXT SE and Wattacars

market dynamics

Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, and Market State Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

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Table of Contents

summary

market landscape

  • market ecosystem
  • Analysis of the value chain

market size

  • market definition
  • Market Segment Analysis
  • Market size 2020
  • Market Outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • bargaining power of buyers
  • bargaining power of suppliers
  • Threat of new entrants
  • Danger from substitutes
  • threat of rivalry
  • market condition

Market segmentation by vehicle category

  • market segments
  • Comparison by vehicle category
  • Small Cars – Market Size and Forecast 2020-2025
  • Luxury Cars – Market Size and Forecast 2020-2025
  • Market opportunity by vehicle category

customer landscape

geographic landscape

  • Geographic Segmentation
  • Geographical comparison
  • Europe – Market Size and Forecast 2020-2025
  • North America – Market Size and Forecast 2020-2025
  • APAC – Market Size and Forecast 2020-2025
  • South America – Market Size and Forecast 2020-2025
  • MEA – Market Size and Forecast 2020-2025
  • Important Leading Countries
  • Market Opportunities by Geography
  • market leader
  • market challenges
  • market trends

provider landscape

  • overview
  • disturbance of the landscape

Vendor Analysis

  • providers covered
  • Market positioning of providers
  • Avis Budget Group Inc.
  • Enterprise Holdings Inc.
  • ER CAPITAL Ltd.
  • Europcar Mobility Group SA
  • Fleetdrive Management Ltd.
  • Green Movement International
  • Hertz Global Holdings Inc.
  • Plug N Drive
  • SIXTH SE
  • Wattcars

Appendix

  • scope of the report
  • Currency conversion rates for US$
  • research methodology
  • List of abbreviations

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact

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