Europe Commercial Vehicle Rental And Leasing Market Overviews
Europe Commercial Vehicle Rental And Leasing Market were valued at USD 17.38 billion in 2023. The Market size is estimated to grow at a CAGR of 6.22 %
Rental trucks and equipment, as well as other services, are part of the Europe Commercial Vehicle Rental And Leasing business. These businesses typically run a retail store or a facility that rents and leases automotive equipment. Short-term rental and long-term lease services are offered by some car companies, while others offer both.
Europe Commercial Vehicle Rental And Leasing Market Scope and Methodology:
Drivers: In Europe, the rise of the travel and tourism industry has driven the vehicle rental industry. The vehicle rental industry has witnessed increased economic potential as the number of tourists visiting Europe per month has increased. Economic growth in Europe, the availability of simple vehicle rental services, the arrival of new car rental operators, and government policies that favor customers are all contributing to the growth of the car rental sector. Consumer purchasing power is increasing, urbanization is increasing, environmental awareness is increasing, and consumers have more disposable income, all of which are driving the rise of the Europe Commercial Vehicle Rental & Leasing business.
Europe Commercial Vehicle Rental And Leasing Market Regional Insights
With rising demand for vehicles for leisure and tourist, France is the region’s largest market for Europe Commercial vehicle rental & leasing. The market has grown over time to become one of the most developed in the region. According to a news conference held by the CNPA (the vehicle rental arm of the French trade association for cars and related industries), the number of car rental transactions in the region has been increasing. During the peak of the COVID-19 pandemic epidemic in France, the French vehicle rental business was severely impacted. During the slowdown, many big vehicle rental companies struggled to make revenue. Volkswagen is in talks to buy the rental car business from Europcar Mobility Group, based in Paris.
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Europe-Commercial-Vehicle-Rental-And-Leasing-Market/860
Europe Commercial Vehicle Rental And Leasing Market Segmentation
The market is divided into Luxury, Executive, Economy, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV) segments based on vehicle type (MUV). In the car rental market, economy cars have dominated the market in 2023. The majority of people like economy cars since they are small, fuel-efficient, and comfortable. The majority of rental companies’ fleets are made up of economy cars, which have lower purchase and maintenance costs than luxury and executive cars. The majority of airport taxis and intra-city taxis belong to this category.
Europe Commercial Vehicle Rental And Leasing Market Key Players
The Hertz Corporation (Bonita Springs, Florida, United States)
ALD SA (Rueil-Malmaison, France)
Arval Service Lease (Paris, France)
BMW Group (Munich, Germany)
Daimler AG (Stuttgart, Germany)
Deutsche Sparkassen Leasing AG and Co. KG (Munchen, Bayern Germany)
Europcar Mobility Group SA (Paris, France)
Fiat Chrysler Automobiles NV (United Kingdom)
Groupe PSA (Vélizy-Villacoublay, Île-de-France)
LeasePlan Corp. NV (Germany)
Millennium Leasing sp. z o.o. (Poland)
To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/Europe-Commercial-Vehicle-Rental-And-Leasing-Market/860
Key questions answered in the Europe Commercial Vehicle Rental And Leasing Market are:
- What is Europe Commercial Vehicle Rental And Leasing ?
- What was the Europe Commercial Vehicle Rental And Leasing market size in 2023?
- What is the growth rate of the Europe Commercial Vehicle Rental And Leasing Market?
- Which are the factors expected to drive the Europe Commercial Vehicle Rental And Leasing market growth?
- What are the different segments of the Europe Commercial Vehicle Rental And Leasing Market?
- What growth strategies are the players considering to increase their presence in Europe Commercial Vehicle Rental And Leasing ?
- What are the upcoming industry applications and trends for the Europe Commercial Vehicle Rental And Leasing Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Commercial Vehicle Rental And Leasing Market?
- Who are the leading companies and what are their portfolios in Europe Commercial Vehicle Rental And Leasing Market?
- What segments are covered in the Europe Commercial Vehicle Rental And Leasing Market?
- Who are the key players in the Europe Commercial Vehicle Rental And Leasing market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
+91 9607365656
Our Trending Report:
Automated Optical Inspection System Market https://www.stellarmr.com/report/Automated-Optical-Inspection-System-Market/369
Global White Goods Market https://www.stellarmr.com/report/Global-White-Goods-Market/261
Cycling Wear Market https://www.stellarmr.com/report/Cycling-Wear-Market/272
Books Market https://www.stellarmr.com/report/Books-Market/294
Reusable Water Bottle Market https://www.stellarmr.com/report/Reusable-Water-Bottle-Market/308
