Global Tourism Vehicle Rental Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Tourism Vehicle Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Tourism Vehicle Rental market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global tourism vehicle rental market size reached US$ 53.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

Tourist vehicle leasing involves providing tourists and travelers with vehicles for their transportation requirements while on their journeys. This service presents a convenient and effective way to comfortably and flexibly explore a new destination. It serves as a viable option to depending on public transportation or structured tours, allowing travelers the liberty to tailor their travel plans and visit various sights or off-the-beaten-path spots according to their preferences.

Global Tourism Vehicle Rental Market Trends and Drivers:

Currently, the market is witnessing a notable surge in the use of tourism vehicle rental, attributed to the growing inclination toward adventurous travel among individuals worldwide. This trend stands as a significant driver for market expansion. Additionally, the escalating desire for flexible transportation options while exploring diverse destinations during trips is fostering a positive market outlook. Moreover, the increasing embrace of electric and hybrid vehicles by tourists, known for their minimal or zero emissions, is presenting promising growth prospects for investors within the industry. This is in harmony with the burgeoning integration of cutting-edge technologies like global positioning systems (GPS) into vehicles, augmenting the overall user experience and convenience. Furthermore, the surging popularity of specialized travel vehicles such as campervans, off-road SUVs, and motorhomes is propelling market growth.

Global Tourism Vehicle Rental Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Alamo (Enterprise Holdings Inc), Auto Europe, Avis Budget Group Inc., Carzonrent India Pvt Ltd., EasyCar.com, Europcar Mobility Group, Europe Luxury Cars, Kemwel, Sixt SE, The Hertz Corporation and Zoomcar India Private Ltd

The report segmented the market on the basis of region, vehicle type, booking mode and end user.

Breakup by Vehicle Type:

  • Economy
  • Luxury/Premium

Breakup by Booking Mode:

  • Online
  • Offline

Breakup by End User:

  • Self-Driven
  • Rental Agencies

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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