Europe Vehicle Rental Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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Europe Vehicle Rental Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Vehicle rental market relates running vehicle on a rental basis or leasing the vehicle for a specific period. Europe is having the inclined growth in dealing with the vehicle rentals within the forecast period with CAGR of 16.63%. The boom in the European markets of transport as many advantages like increased concern and awareness of lower emissions compiled by the reducing the number of cars on the road are making this markets.

Europe Vehicle Rental Market Size & Growth:

Europe Vehicle Rental Market is valued at $81.79 billion in 2018 and estimated to reach a value of $157.89 billion in 2024 at CAGR of 16.63%. Key points like expansion and progression of worldwide travel and tourism industry, incorporation of advanced digital technologies in car rental

Europe Vehicle Rental Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
services, investment by global funds and players opting for aggregator based business model are accelerating this market and the factors like negative impact of volatile prices of gasoline and petroleum products on expenditure the biggest deal

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Europe Vehicle Rental Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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