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Electric Vehicle Rental Market Trends

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Report ID: 3594
Published Date: Aug 26, 2024
Report Format: PDF, PPT

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Electric Vehicle Rental Market Trends

Growth Drivers

Rapid Expansion of Travel and Tourism Sector Globally
Rising Demand for Cheaper Means of Transportation

Challenges

Lack of Infrastructure for Electric Car Rental Services

Electric Car Rental Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	12.9%
Base Year Market Size (2023)	USD 11.45 billion
Forecast Year Market Size (2036)	USD 55.44 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Electric Car Rental Market Size & Share, Growth Trends 2036

Author Credits: Dhruv Bhatia

Report ID: 3594
Published Date: Aug 26, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of electric car rental is evaluated at USD 12.63 billion.

Electric Car Rental Market size was valued at USD 11.45 billion in 2023 and is set to cross USD 55.44 billion by 2036, registering more than 12.9% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by rapid expansion of travel and tourism sector globally, and rising demand for cheaper means of transportation.

North America industry is poised to dominate majority revenue share by 2036, propelled by growing usage of car rental services, and increasing number of leisure and business trips across the region, both internationally and locally.

The major players in the market are SIXT SE, ER Travel Services Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, and others.

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