Market Snapshot:
Car Rental Platform is used to easily book vehicles on rent for in-station and outstation traveling. These platforms are used to book last-minute or schedule drives for users using smartphones or websites. These platforms help car rental and livery agencies to manage their business operations. These platforms enable users to connect with local as well as global rental service providers. It enables users to search nearby cars, trucks, and vans, by the hour or day rents as per their convenience. Also, they provide the benefit of paying rentals based on per hour/day basis. The use of car rental platform by the car rental service providers has driven the global market growth.
Highlights from Car Rental Platform Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Players profiled in the report are Uber Technologies, Inc. (United States), Ola Cabs (India), Carcloud Pty Ltd (Australia), Turo (United States), Expedia Group (United States), Getaround (United States), Economy Car Rentals (Switzerland), Coastr (United Kingdom), Rent Centric (Canada), Limo Anywhere Inc. (United States), Fleetx.io (India), Workadu (United Kingdom), Travelport Worldwide Ltd (United Kingdom), EasyJet plc (United Kingdom), HiyaCar Limited (United Kingdom), Avis Car Rental (United States), eHi Car Rental (China) and Didi Chuxing Technology Co.(China).
Geographic Breakdown and Segment Analysis
The Global Car Rental Platform market presents a comprehensive analysis of the Car Rental Platform market by product type (Integrated and Standalone), by end-user/application (Passenger Car and Commercial Vehicle), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Car Rental Platform industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Car Rental Platform market
Analyst at AMA have segmented the market study of Global Car Rental Platform market by Type, Application and Region.
Influencing Trend:
Trend for Self-drive Rental Cars
Market Growth Drivers:
Increasing Demand for Car Rental Platforms in Developed Countries, Easy Billing & Invoicing Eliminates Extra Rental Charges, Growing Adoption of Ride-Sharing Service and Split Billings by Passengers Traveling Same Destination Routes and Growing Preferences for Utilizing Taxi Services
Challenges:
Lack Of Awareness among Rural Areas
Restraints:
Data Privacy Concerns
Opportunities:
Rising Demand for Car Rental Platform for Outstation Car Rides, Availability of Drive-now and Pay Later Services in Car Rental Platform and Ease Pickup-Drop Service Anywhere Without Concerning need to pay for Complete Day Car Rents
Market Developments Activities:
In April 2019, Getaround completed the acquisition of Drivy, a European car rental platform for USD 300 million. With this acquisition, Getaround expanded its operations in 170 European cities. Combined with Drivy, Getaround now has more than five million users.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Car Rental Platform Providers, Car Rental Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users