Electric Car Rental Market

The global Electric Car Rental market was valued at 878.33 Million USD in 2021 and will grow with a CAGR of 15.69% from 2021 to 2027.

The prime objective of Electric Car Rental Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Electric Car Rental Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Car rental services operate on the model of renting automobiles for short periods of time, generally ranging from a few hours to a few weeks. There is a network of local branches that assist the customers with easy pick up and drop facilities. Car rental agencies serve people who require a temporary vehicle; for example, those who do not own a car or tourists. The demand for car rental services has increased due to the growth of the tourism industry and the cost advantages they offer to the users.Advancements in battery technology such as the development of Li-ion batteries are propelling the growth of the EV market since Li-ion batteries have a complex chemistry and do not adhere to Moore`s law. The traces of new compounds alter the properties of the battery materials and increase the energy density. Manufacturers are replacing the anode material from graphite to silicon due to their high energy density. Major battery manufacturers are also focusing on developing multivalent-ion batteries and next-generation lithium-sulfur batteries, that store energy in chemical bonds and in huge quantity. According to our analysis, technological advancements in battery technology will be one of the key trends that will gain traction in the electric car rental market.

By Market Verdors:

• Avis Budget Group
• Enterprise Holdings
• Europcar Group
• Hertz
• Sixt
• BlueIndy
• DriveElectric
• Drive Electric Orlando
• DriveNow
• Easirent
• Green Motion
• Wattacars
• Zoomcar

By Types:

• Economy cars
• Luxury cars

By Applications:

• Electric Cars

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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