Rules regarding renting or leasing a car varies from in different countries. Various regulatory bodies require car rental companies to reveal the total cost of renting or leasing a car post taxes and fees in their advertising and bookings. The New York City has mandated that when advertising, companies needed to provide the breakdown of additional fees and final estimated amount.
According to the report, Focus on Introducing Value-for-money Car Rental Services
is one of the primary growth factors for the market. Growing Adoption of Advanced Digital Technologies in Car Rental Services
is also expected to contribute significantly to the Car Rental and Leasing market growth. Overall, applications of Car Rental and Leasing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Platform, such as Offline Access, is boosting the Car Rental and Leasing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Location, such as Intercity, is boosting the Car Rental and Leasing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Car Rental and Leasing market identified that the demand is rising in many different parts of the world as "Development of New Mobility Concept by Key Players
".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Car Rental and Leasing market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Car Rental and Leasing market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Car Rental and Leasing market size is calculated using market estimation process, the Car Rental and Leasing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Car Rental and Leasing market size has been validated using both top-down and bottom-up approaches.