Rental Car Insurance Market Scope
Rental Car Insurance provides financial support when you are in a car accident. If you taking a car on rent then you can get the car insurance on that directly through the dealer or third-party insurance company, or you can get an additional credit card benefit. Also, you already have your own car insurance then you can be compensated for rent.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Hertz (United States), Avis (United States), Enterprise (United States), Dollar Thrifty Automotive Group (United States), Europcar (France), Volkswagen Leasing (Germany), ShouQi (China), eHi Car Service (China), Nissan (Japan) and Toyota (Japan) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Rental Car Insurance market throughout the predicted period.
Hertz (United States), Avis (United States), Enterprise (United States), Dollar Thrifty Automotive Group (United States), Europcar (France), Volkswagen Leasing (Germany), ShouQi (China), eHi Car Service (China), Nissan (Japan) and Toyota (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Allianz (Germany), State Farm Mutual Automobile Insurance Company (United States), Citigroup (United States), American Express (United States), Manitoba Public Insurance (Canada) and Times Mobility Networks (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Rental Car Insurance market by Type , by Application (Personal and Enterprise) and Region with country level break-up.
On the basis of geography, the market of Rental Car Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Influencing Trend:
Adoption of Rental Car Worldwide
Market Growth Drivers:
Increasing demand for low customization costs of rental cars and Growing demand for rental car subscription services
Challenges:
Consumers Preference towards Their Own Cars
Restraints:
Availability of Different Insurance Substitutes in the market
Opportunities:
Rising Numbers of Rental Car Distributors in Emerging Nations and Growing Tendency of People towards Renting the Car with Insured Facilities
Key Target Audience
Potential Investors, Up and Down Stream Vendors, Insurance Companies, Automobiles Industries, Suppliers and Distributors and Others