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The car rental market size is forecast to increase by USD 157.34 billion at a CAGR of 20.47% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. The increasing cost of vehicle ownership is pushing consumers towards renting cars instead of owning one. Additionally, the advent of intermediaries and the rise of car-sharing services have made car rentals more accessible and affordable. These trends are transforming the traditional car rental industry, offering new opportunities for market players. The market is expected to grow further, as more consumers opt for flexible and cost-effective transportation solutions such as electric car rental. Car rental companies must adapt to these trends and address challenges such as increasing competition and regulatory issues to remain competitive. Overall, the market is poised for growth, driven by changing consumer preferences and the emergence of new business models.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Mode of Booking
7 Market Segmentation by Rental Category
8 Market Segmentation by Type
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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