Electric Car Rental Market: Key Geographies that will Drive Growth

Geographical Analysis and Market Highlights 2021-2025

The electric car rental market is set to grow by $ 8.18 tn, accelerating at a CAGR of almost 11.66% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.

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Electric Car Rental Market: Europe to lead market growth during the forecast period

• Based on our Geographical Segmentation, Europe is projected to contribute 43% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the electric car rental market size
• One of the key drivers that is likely to drive market growth is the increasing demand for rental cars due to rise in international tourism. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
• The report segments the market by Geography (Europe, North America, APAC, South America, and MEA). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Electric Car Rental Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avis Budget Group Inc., Enterprise Holdings Inc., ER CAPITAL Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXT SE, and Wattacars are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 11.66%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 8.18 tn through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing demand for rental cars due to rise in international tourism will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   43% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are Avis Budget Group Inc., Enterprise Holdings Inc., ER CAPITAL Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXT SE, and Wattacars
    
7. What are the market segments covered in this report?
   The market is segmented by Geography (Europe, North America, APAC, South America, and MEA).

Market Segmentation by Geography

• • Electric Car Rental Market Split by Geography
    • Europe
    • North America
    • APAC
    • South America
    • MEA

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Avis Budget Group Inc.
• Enterprise Holdings Inc.
• ER CAPITAL Ltd.
• Europcar Mobility Group SA
• Fleetdrive Management Ltd.
• Green Motion International
• Hertz Global Holdings Inc.
• Plug N Drive
• SIXT SE
• Wattacars