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Car Rental Market Surges to USD 92.69 Billion by 2033, Propelled by 7.5% CAGR - Verified Market Reports
The car rental market is experiencing robust growth, driven by rising urbanization, increasing tourism, and expanding business travel. Market demand surges as consumers seek flexible, cost-effective mobility solutions. Rapid digitalization, AI-powered fleet management, and contactless rentals enhance customer experience, fueling adoption. Subscription-based models and electric vehicle (EV) integration reshape industry dynamics, appealing to environmentally conscious consumers.
LEWES, Del., April 7, 2025 /PRNewswire/ -- The Global Car Rental Market is projected to grow at a CAGR of 7.5% from 2026 to 2033, according to a new report published by Verified Market Reports. The report reveals that the market was valued at USD 50.57 Billion in 2024 and is expected to reach USD 92.69 Billion by the end of the forecast period.
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Browse in-depth TOC on Car Rental Market
202 – Pages
126 – Tables
37 – Figures
Scope of The Report
|
REPORT ATTRIBUTES |
DETAILS |
|
STUDY PERIOD |
2022-2033 |
|
BASE YEAR |
2024 |
|
FORECAST PERIOD |
2026-2033 |
|
HISTORICAL PERIOD |
2022-2023 |
|
UNIT |
Value (USD Billion) |
|
KEY COMPANIES PROFILED |
Avis Budget, Carzonrent, Enterprise Holding, Europcar, Hertz, Sixt |
|
SEGMENTS COVERED |
By Customer Type, By Rental Duration, By Vehicle Type, By Rental Purpose, By Booking Channel, By Geography |
|
CUSTOMIZATION SCOPE |
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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