Report ID: UCMIR25AG2034
Report ID:
UCMIR25AG2034 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The European vehicle rental market had a total worth of USD 11.92 billion in 2022 and is anticipated to experience substantial growth, reaching USD 19.46 billion by 2030, with a projected compound annual growth rate (CAGR) of 6.5% over the forecast period, starting from USD 12.55 billion in 2023. Vehicle rental in Europe encompasses the temporary or long-term leasing of both passenger cars and commercial vehicles. Numerous companies across Europe offer a diverse range of rental vehicles, including luxury and economy cars, as well as commercial vehicles. These vehicles are conveniently available at various locations, including airports and train stations, across Europe, allowing customers to rent them for use within a single country or across multiple countries within the region.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automotive Retail by segment aggregation, the contribution of the Automotive Retail in Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR25AG2034