Tourism Vehicle Rental Market Size, Share, Trends Analysis 2023-2028

Global Tourism Vehicle Rental Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled Tourism vehicle rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the globalTourism vehicle rental market trends, size, share, growth and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Tourism vehicle rental pertains to the provision of vehicle rental services to tourists and travelers to cater to their transportation requirements while on trips. This service offers a seamless and convenient solution for exploring a new destination with comfort and flexibility. It presents a viable alternative to depending on public transportation or organized tours by empowering travelers to tailor their itineraries and explore various attractions or remote places according to their preferences.

The global tourism vehicle rental market size reached US$ 53.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

Global Tourism Vehicle Rental Market Trends and Drivers:

Currently, the tourism vehicle rental market is experiencing significant growth, primarily driven by the escalating preference for adventure travel worldwide. This trend has led to an increased adoption of rental vehicles among individuals seeking exciting journeys. Additionally, there is a growing demand for flexible transportation options during trips, allowing travelers to explore multiple destinations with ease, which is positively influencing the market.Furthermore, the shift towards environmentally conscious practices has spurred the rising popularity of electric and hybrid vehicles among tourists. These eco-friendly options, emitting low or zero emissions, have created attractive opportunities for investors in the industry.

Global Tourism Vehicle Rental Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Alamo (Enterprise Holdings Inc), Auto Europe, Avis Budget Group Inc., Carzonrent India Pvt Ltd., EasyCar.com, Europcar Mobility Group, Europe Luxury Cars, Kemwel, Sixt SE, The Hertz Corporation and Zoomcar India Private Ltd

The report segmented the market on the basis of region, vehicle type, booking mode and end user.

Breakup by Vehicle Type: