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Sep 28, 2020 (Profound via COMTEX) —
The global Electric Car Rental market garnered revenue around USD XX Billion in 2019 and projected to reach USD 16Billion in 2027, with at a compound annual growth rate of 16% throughout the estimate period from 2020 to 2027.

The Global Electric Car Rental Market is expected to witness high growth over the forecast period due to the growing focus to reduce the emission of harmful substances and to noise pollution. An electric car makes the journey even safer and more comfortable due to the inbuilt advanced technology such as intelligent lane intervention, emergency braking system, Bluetooth handsfree, automatic and timing air condition system and the new e-Pedal technology.

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This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Electric Car Rental market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Electric Car Rental market growth.

The global Electric Car Rental market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The Prominent Players in the global electric car rental market includeZipcar (US), Avis Budget Group, Inc. (the US), Enterprise Holdings Inc. (US), Europcar Mobility Group (France), The Hertz Corporation (US), Sixt SE (Germany), BlueIndy (US), DriveElectric (UK), Easirent (UK), Green Motion International (UK), Wattacars (Spain), Zoomcar (India), and Europcar Group (France).

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

The global electric car rental market is segmented based on vehicle type, application, service, and region. Based on vehicle type, the global market has been segmented into battery, hybrid, plugin hybrid electric car. Based on application, the global market has been segmented into economic, executive, and others. Based on service, the global market has been segmented into online and offline.

The global electric car rental market by region has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among the regions covered, Asia-Pacific accounted for the largest market for electric car rental, followed by Europe and North America. Major factors that have driven the electric car rental market in Asia-Pacific are an increase in sales of e-cars and large consumer base. Major growth is expected to be witnessed by the region due to the presence of countries such as India, China, the Philippines, and Vietnam where the car rental industry and tourism industry are growing rapidly.

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The MarketWatch News Department was not involved in the creation of this content.