The Business Research Company’s latest report Automobile Rental and Leasing Global Market Report 2020 covers Automobile Rental and Leasing market drivers, Automobile Rental and Leasing market trends, Automobile Rental and Leasing market segments, Automobile Rental and Leasing market growth rate, Automobile Rental and Leasing market major players, and Automobile Rental and Leasing market size. The report provides in-depth analysis of the impact of COVID-19 on the Automobile Rental and Leasing industry, along with revised market numbers due to the effects of the coronavirus.
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Automobile Rental and Leasing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global automobile rental and leasing market is expected to decline from $366.9 billion in 2019 to $239.6 billion in 2020 at a compound annual growth rate (CAGR) of -35%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 15.06% from 2021 and reach $421.3 billion in 2023. The market is expected to grow at a CAGR of 8.1% to nearly $492.6 billion by 2025, and at a CAGR of 8.0% to $723.3 billion by 2030.
The report covers the Automobile Rental and Leasing market’s segments-
1) By Type: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, And Vehicle Rental And Leasing
2) By Type Of Mode: Online, Offline
3) By Type Of Lease: Open, Close
4) By End Use: Individual, Corporate
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