Latest research on Auto Rental Market reports annualized growth of 13.2%

Auto Rental Market Latest Edition Published with Forecast to 2028


The article cited AMA's "Global Auto Rental Market Study" explored substantial growth in North America and of 13.2%. According to the report, Companies are offering high technology gadgets for vehicle users, with an aim to consolidate their shares in the market is one of the primary growth factors for the market. Substantial demand for car rental services stems from the rising global air passenger traffic is also expected to contribute significantly to the Auto Rental market. Overall, Local Usage applications of Auto Rental, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Booking Type, such as Offline access, is boosting the Auto Rental 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 Customer Type, such as Business and, is boosting the Auto Rental market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Auto Rental market identified that the demand is rising in many different parts of the world as "Technological innovation in the car rental market is exerting a profound impact on their mobility of the vehicles ". Furthermore, some recent industry insights like "Hertz partners with SkyTeam airline alliance to drive car rental benefits for Frequent Flyers in first-of-a-kind tie-up" is constantly making the industry dynamic.

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 Auto Rental 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 Auto Rental 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 industry’s 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.

Have a look at detailed Table of Content for Auto Rental Market Study

Data Triangulation
The overall Auto Rental market size is calculated using market estimation process, the Auto Rental 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 Auto Rental market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager