This report studies the Electric Car Rental market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Car rental services operate on the model of renting automobiles for short periods of time, generally ranging from a few hours to a few weeks. There is a network of local branches that assist the customers with easy pick up and drop facilities. Car rental agencies serve people who require a temporary vehicle; for example, those who do not own a car or tourists. The demand for car rental services has increased due to the growth of the tourism industry and the cost advantages they offer to the users.
Advancements in battery technology such as the development of Li-ion batteries are propelling the growth of the EV market since Li-ion batteries have a complex chemistry and do not adhere to Moore's law. The traces of new compounds alter the properties of the battery materials and increase the energy density. Manufacturers are replacing the anode material from graphite to silicon due to their high energy density. Major battery manufacturers are also focusing on developing multivalent-ion batteries and next-generation lithium-sulfur batteries, that store energy in chemical bonds and in huge quantity.
According to our analysis, technological advancements in battery technology will be one of the key trends that will gain traction in the electric car rental market.
The electric car rental market is highly competitive due to the presence of several well-established vendors. The key vendors in this electric car lease market are investing immensely in setting up charging infrastructure to make it easy to rent electric vehicles. Factors such as the advancements in technology, the introduction of government regulations, and the entry of new players, will intensify the competitive environment among the vendors in the electric car rental market.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Electric Car Rental in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Avis Budget Group
Enterprise Holdings
Europcar Group
Hertz
Sixt
BlueIndy
DriveElectric
Drive Electric Orlando
DriveNow
Easirent
Green Motion
Wattacars
Zoomcar
By the product type, the market is primarily split into
Economy cars
Luxury cars
By the end users/application, this report covers the following segments
Electric Cars
Others
The study objectives of this report are:
To study and analyze the global Electric Car Rental market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Electric Car Rental market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Electric Car Rental manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Car Rental with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Electric Car Rental submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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