The global car rental industry is worth $102.50 billion in 2024. The car rental industry in india has seen substantial expansion, driven largely by an increase in domestic tourism. The future outlook of the car rental industry, major growth drivers and challenges,.
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Is Car Rental Industry Accelerating in India?
The future of the car rental industry in india holds promising opportunities:
This surge is linked to the growing economic.
Future scope and opportunities in car rental industry. The car rental industry is at the forefront of technological innovation, particularly in the realms of ai and machine learning. The future seems promising for the b2b car rental space in india. Let us take a look at how car rental companies are transforming the shared mobility industry in india, and why a large percentage of the country is turning to them.
These advancements are not just fleeting trends;. Gurudev ahluwalia, director, ktc india. Although major international brands lead, smaller local entities are emerging,. The car rental industry has undergone a drastic transformation over the past few years due to population growth, becoming one of the most prominent sectors in fleet.
After suffering losses due to the pandemic, the indian vehicle rental business is again pushing forward with innovative ideas.
Car rental market report overview. Research and markets predicts that the. Car rental market size, share & industry analysis report by vehicle type (luxury cars, executive cars, economy cars, suvs, and muvs), by application (local usage, airport. The indian car rental industry has rebounded from setbacks caused by the pandemic and is now driving towards innovation.
Expansion in tier 2 and tier. Shared mobility’s many modern faces. With a projected cagr of 9.38% and a. The report also includes the market shares and revenues of major car rental companies in india.
The market showcased a double digit.
Based on the recent report it is estimated that indian car rental will grow at a projected cagr of 9.38% making it a valuation of $2.03 billion by 2026. Valued at usd 41.2 bn in 2022, the global luxury car rental sector is likely to reach usd 61.96 bn in market capitalisation by.
