New Research: Lucintel Predicts a Bright Future for the Car Rental Industry

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Car Rental Industry”? 

This market report for car rental identifies and predicts future opportunities for growth in car rental industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for car rental in the business and leisure travel industry. 

According to Lucintel’s market report, the car rental industry is expected to reach an estimated $120 billion by 2025 with a CAGR of 6.1% from 2020 to 2025. Some of the dominant players in the car rental industry are Enterprise Rent-A-Car, Hertz Group AG, Avis Budget Group Inc., Uber, Europcar Mobility Group S.A., Redcap Tour, ANI technologies Pvt. limited, and Sixt AG. 

There are some interesting developments in car rental industry as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include enhanced user experience through digitization, additional green vehicles in the fleets of rental car companies, and the concept of self-driving instead of hiring a driver.  

Read more about this report at: 

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