The global tourism vehicle rental market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. Europe is the major region that holds a prominent market share in the automotive industry and is anticipated to grow significantly during the forecast period. The core driving factors include corporations enlarging their fleets, a good government's expansionary policies, and a macroeconomic outlook. Fleet managers are growingly selecting low-emission vehicles such as hybrids and electric vehicles as the European government embraces regulations against polluting diesel vehicles. As renting is a practical car finance option due to its significant residual risks tangled with such vehicles, it is anticipated to discourage van rental companies from expanding in the region. With the update of electric vehicles, OEMs are introducing more and more electric vans in the region.
Browse the full report description of “Tourism Vehicle Rental Market Size, Share & Trends Analysis Report by Vehicle Type (Economy, and Luxury/Premium), by Booking Mode (Online and Offline), and by End-User (Self Driven, and Rental Agencies) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/tourism-vehicle-rental-market
For instance, in May 2021, Opel revealed its 2 new vans Movano-e and Movano. The vans are available in 2 powertrain options such as electric and diesel. The vans are also armed with advanced assistance systems for the safety of all road users. These vans are available in European countries such as the Netherlands, Sweden, Poland, Greece, and others. Moreover, the growing demand for rental vehicles is mainly driven by people's rising interest in road trips and the increasing importance of safety and comfort in the rouse of the pandemic. The tourism rental market is anticipated to grow significantly as transport operations return to their normal functioning with a new normal which is social security guidelines for safety.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Vehicle Type
o By Booking Mode
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Avis Budget Group, Inc., Enterprise Holdings, Inc., Europcar International S.A.S.U., SIXT SE, The Hertz Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Tourism Vehicle Rental Market Report Segment
By Vehicle Type
By Booking Mode
By End-User
Global Tourism Vehicle Rental Market Report Segment by Region
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
• Latin America
• Middle East & Africa
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