Tourism Vehicle Rental Market to Witness Robust Expansion by 2029

Tourism vehicle rental market is anticipated to grow at a significant CAGR of 8.1% during the forecast period. One of the key factors fueling the market growth includes the growing tourism industry across the globe. As per the World Bank’s 2019 data, international tourism, number of arrivals reached 2.4 billion which was 1.69 billion in 2009. Such high numbers of traveling have boosted the demand for the tourism vehicle rental market which is reflected in the active participation in the market. For instance, in December 2021, an India-based car rental startup, Zoom car, revealed its plan to expand its operations in Vietnam. For which, the Zoom car has added that the foray into Vietnam is in line with the company’s target for democratizing car access across the globe’s most populated and highly growing developing markets.

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This Tourism Vehicle Rental Market report briefly talks about the significance of every segment and growth aspects. It offers key statistics about major regions such as Europe, Asia Pacific, Middle East, Africa, North America and Latin America. This comprehensive Tourism Vehicle Rental Market report works as a potent tool to allow key players get the right direction and guidance for companies to survive in the competitive market. Some of the major sectors are discussed in this Tourism Vehicle Rental Market report such as manufacturing technology and industry applications. Competitors section, product type section and end-user section are the leading sections covered in this Tourism Vehicle Rental Market study report. Entire market is covered in this Market report along with leading sections. It also covers basic overview of the entire market to help new entrants in making business easy going and forward.

 

All the significant parameters are also captured in this Tourism Vehicle Rental Market research report. Key strategies are also captured here to help novel entrants to retain their position in the market. All the significant parameters are also discussed here along with market dynamics such as trends, challenges, opportunities and drivers. It also presents product specifications, company profile and 2022-2028 market shares for every company. Important information covered in this report enables key participants to know regarding the qualitative growth parameters of the global market. Quantifiable information covered in this Tourism Vehicle Rental Market report helps to analyze country level and regional level data integrating the supply and demand strengths which are augmenting the market growth. It then goes on to talk about COVID-19 epidemic and how it several affected a number of major business sectors around the globe.

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  • Market Coverage
  • Market number available for – 2023-2029
  • Base year- 2022
  • Forecast period- 2022-2029
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Market Segmentation

Global Tourism Vehicle Rental Market by Vehicle Type

  • Economy
  • Luxury/Premium

Global Tourism Vehicle Rental Market by Booking Mode

  • Online
  • Offline

Global Tourism Vehicle Rental Market by End-User

  • Self Driven
  • Rental Agencies

Regional Analysis

  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World

Company Profiles 

  • Auto Europe Deutschland GmbH
  • CarTrawler (easyCar)
  • Carzonrent (India) Private Limited
  • Kemwel
  • Seera Group Holding Co.
  • ZoomCar, Inc.

The Report Covers

  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global tourism vehicle rental market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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