Summary
- The rental car market is one of the key pillars of the global mobility sector
- The global pandemic caused a 30% hit in total market valuation 2020-2021
- The market, driven by technological advancements and sustainability initiatives, is recovering strongly
- The Asian rental market’s explosive growth demonstrates how important regional dynamics are to the market
- We think that as long as rental car services can keep up with the market shifts and trends, they are likely to see some big profits in the coming years
The rental car industry, a vital component of the global mobility sector, has been a subject of profound interest and scrutiny, especially in recent years.
Marked by large shifts in usage and challenges due to global situations such as the pandemic, it’s imperative to delve into the intricacies of market trends, drawing insights from comprehensive research and data analysis, to see just how much rental vehicles affect modern trends in the car market.
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