According to the latest IMARC group report, entitled “Scandinavia Car Rental Market Share: Industry Trends, Size, Growth, Opportunities and Forecast 2021-2026”, The Scandinavian car rental market has shown strong growth in the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026.
We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Car rental refers to the service of temporary rental of vehicles for a predefined period through online or offline channels. These services provide rental cars to individuals and travelers who do not own private cars. Car rental services are cost effective alternatives to vehicle ownership as they provide low cost travel, freedom of movement, reduced fuel consumption on individual vehicles, etc. Many car rental service providers also provide several other services, such as insurance indemnity policies, GPS and Wi-Fi networks, auto repair, entertainment systems, etc. for customer experience. improved.
The increase in the urban population, coupled with the significant expansion of the travel and tourism industry, is primarily driving the car rental market in Scandinavia. In addition, the growing adoption of car rental services in the form of carpooling and taxis for economical travel and increased mobility is also propelling the regional market. In addition, due to increasing air pollution, several government agencies are focusing on reducing vehicle emissions and promoting car rental services as sustainable and economical modes of transportation. Many other factors, such as the introduction of these services through websites and smartphone apps, the growing number of car rental service providers, the increase in consumers’ disposable income, etc., are also expected to boost market growth in the years to come.
Scandinavia car rental market Competitive analysis and segmentation 2021-2026:
Competitive landscape with key players:
The competitive landscape of the Scandinavia car rental market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
- Automatic scheduling
- Avis Rent A Car System, LLC
- Budget Rent A Car System, Inc.
- Company Holdings, Inc.
- National car rental
- The Hertz company
- Economy car rental
Key market segmentation:
The report segmented the Scandinavian car rental market on the basis of booking type, rental duration, vehicle type, application, end user, and country.
Breaking by Type of reservation:
Breaking by Location duration:
Breaking by Vehicle type:
- Luxury cars
- Executive cars
- Economy cars
- Sport utility vehicles (SUVs)
Breaking by Application:
- Leisure / Tourism
Breaking by Final user:
Breaking by Country:
Explore the full report with table of contents and list of figures: https://bit.ly/3nZf2Zr
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Industry trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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