Global Electric Car Rental Market Research Report: Information by Vehicle Type (Battery, Hybrid and Plug-In Electric Car), Application (Economic Car, Executive Car, and others), Service (Online and Offline) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
ID: MRFR/AM/6853-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis
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.
The market is expected to be driven by the growth of the travel and tourism industry, growing awareness about the advantages of an electric car over conventional car, rising demand for electric car rental from enterprises, and the high growth potential for EV rental market from emerging economy.
Unorganized EV rental service sector, limited availability of power resources, and gasoline and CNG operated vehicles are expected to hinder the growth of the market. Developing electric car battery rental service centers in emerging market such as China and India, increasing use of the internet to customize travel trips, in-car infotainment system, and growing online rent-a-car services and booking engines are providing growth opportunities. Therefore, the global electric car rental market size is projected to reach around USD 15 Billion by 2025 and is estimated to witness 15% CAGR during the forecast period, 2019–2025.
Segmentation: Global Electric Car Rental Market 
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.
Europe is expected to grow at a significant rate over the forecast period due to the presence of major automotive OEM’s such as BMW AG and Audi AG. Furthermore, stringent vehicle emission regulations announced by Germany, France, and the UK announced to phase out diesel engines by 2030 has led the demand for electric car across the region, which in turn drives the market growth. Countries such as Germany, France, and Spain are the major contributor to this market due to growing electric vehicle hire services.
North America is the third-largest market of market and is estimated to grow at a substantial rate during the forecast period due to the presence of electric car on rental service providers in the US and Canada. The US is expected to dominate the market in North America over the forecast period due to the rising migrants. Moreover, technological advancements and new mobility solutions such as hybrid vehicles and electric vehicles are expected to encourage companies to come up with new personalized mobility services to satisfy the changing needs and preferences of consumers across North America.
However, the electric car rental market is growing in Africa over the forecast period. According to the statistical data, Zambia (Africa) was the third fastest-growing tourism destination having an annual growth rate of 7.3 percent in travel and tourism direct contribution to GDP projected from 2014 to 2024. This growth in tourism sector is also contributing to the market growth.
Prominent Players
The Prominent Players in the global electric car rental market include Zipcar (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).
The report for global electric car rental market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative key points by various experts and key opinion leaders in the industry to gain deeper insights into the market and industry performance. This report provides a clear picture of the current market status, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Intended Audience
- Electric car manufacturers
- Vehicle rental service providers
- State and national regulatory authorities
- Government and industry associations
- State or government-owned corporations
- Research organizations
Frequently Asked Questions (FAQ) :
The global electric car rental market can rise at 15% CAGR by 2025.
The market can value can exceed USD 15 Billion by 2025.
Economic and executive are some electric car rental components.
Wattacars (Spain), and Europcar Group (France), Green Motion International (UK), and Zoomcar (India),) are some reputed names in electric car rental market.
The presence of top notch companies can drive the market.
Table of Contents
1. Executive Summary
2. Scope of the Report
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Application
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Service
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Electric Car Rental Market, by Vehicle Type
5.1. Introduction
5.2. Battery Electric Car
5.2.1. Market Estimates & Forecast, 2020-2027
5.2.2. Market Estimates & Forecast, by Region, 2020-2027
5.3. Hybrid Electric Car
5.3.1. Market Estimates & Forecast, 2020-2027
5.3.2. Market Estimates & Forecast, by Region, 2020-2027
5.4. Plug-In Hybrid Electric Car
5.4.1. Market Estimates & Forecast, 2020-2027
5.4.2. Market Estimates & Forecast, by Region, 2020-2027
6. Global Electric Car Rental Market, by Application
6.1. Introduction
6.2. Economic Car
6.2.1. Market Estimates & Forecast, 2020-2027
6.2.2. Market Estimates & Forecast, by Region, 2020-2027
6.3. Executive Car
6.3.1. Market Estimates & Forecast, 2020-2027
6.3.2. Market Estimates & Forecast, by Region, 2020-2027
6.4. Others
6.4.1. Market Estimates & Forecast, 2020-2027
6.4.2. Market Estimates & Forecast, by Region, 2020-2027
7. Global Electric Car Rental Market, by Service
7.1. Introduction
7.2. Online
7.2.1. Market Estimates & Forecast, 2020-2027
7.2.2. Market Estimates & Forecast, by Region, 2020-2027
7.3. Offline
7.3.1. Market Estimates & Forecast, 2020-2027
7.3.2. Market Estimates & Forecast, by Region, 2020-2027
8. Global Electric Car Rental Market, by Region
8.1. Introduction
8.2. North America
8.2.1. Market Estimates & Forecast, by Country, 2020-2027
8.2.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.2.3. Market Estimates & Forecast, by Application, 2020-2027
8.2.4. Market Estimates & Forecast, by Service, 2020-2027
8.2.5. US
8.2.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.2.5.2. Market Estimates & Forecast, by Application, 2020-2027
8.2.5.3. Market Estimates & Forecast, by Service, 2020-2027
8.2.6. Canada
8.2.6.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.2.6.2. Market Estimates & Forecast, by Application, 2020-2027
8.2.6.3. Market Estimates & Forecast, by Service, 2020-2027
8.3. Europe
8.3.1. Market Estimates & Forecast, by Country, 2020-2027
8.3.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.3.3. Market Estimates & Forecast, by Application, 2020-2027
8.3.4. Market Estimates & Forecast, by Service, 2020-2027
8.3.5. UK
8.3.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.3.5.2. Market Estimates & Forecast, by Application, 2020-2027
8.3.5.3. Market Estimates & Forecast, by Service, 2020-2027
8.3.6. Germany
8.3.6.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.3.6.2. Market Estimates & Forecast, by Application, 2020-2027
8.3.6.3. Market Estimates & Forecast, by Service, 2020-2027
8.3.7. France
8.3.7.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.3.7.2. Market Estimates & Forecast, by Application, 2020-2027
8.3.7.3. Market Estimates & Forecast, by Service, 2020-2027
8.3.8. Italy
8.3.8.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.3.8.2. Market Estimates & Forecast, by Application, 2020-2027
8.3.8.3. Market Estimates & Forecast, by Service, 2020-2027
8.3.9. Rest of Europe
8.3.9.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.3.9.2. Market Estimates & Forecast, by Application, 2020-2027
8.3.9.3. Market Estimates & Forecast, by Service, 2020-2027
8.4. Asia-Pacific
8.4.1. Market Estimates & Forecast, by Country, 2020-2027
8.4.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.4.3. Market Estimates & Forecast, by Application, 2020-2027
8.4.4. Market Estimates & Forecast, by Service, 2020-2027
8.4.5. China
8.4.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.4.5.2. Market Estimates & Forecast, by Application, 2020-2027
8.4.5.3. Market Estimates & Forecast, by Service, 2020-2027
8.4.6. Japan
8.4.6.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.4.6.2. Market Estimates & Forecast, by Application, 2020-2027
8.4.6.3. Market Estimates & Forecast, by Service, 2020-2027
8.4.7. India
8.4.7.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.4.7.2. Market Estimates & Forecast, by Application, 2020-2027
8.4.7.3. Market Estimates & Forecast, by Service, 2020-2027
8.4.8. Rest of Asia-Pacific
8.4.8.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.4.8.2. Market Estimates & Forecast, by Application, 2020-2027
8.4.8.3. Market Estimates & Forecast, by Service, 2020-2027
8.5. RoW
8.5.1. Market Estimates & Forecast, by Region, 2020-2027
8.5.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.5.3. Market Estimates & Forecast, by Application, 2020-2027
8.5.4. Market Estimates & Forecast, by Service, 2020-2027
8.5.5. Middle East & Africa
8.5.5.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.5.5.2. Market Estimates & Forecast, by Application, 2020-2027
8.5.5.3. Market Estimates & Forecast, by Service, 2020-2027
8.5.6. Latin America
8.5.6.1. Market Estimates & Forecast, by Vehicle Type, 2020-2027
8.5.6.2. Market Estimates & Forecast, by Application, 2020-2027
8.5.6.3. Market Estimates & Forecast, by Service, 2020-2027
9. Competitive Landscape
10. Company Profiles
10.1. Zipcar
10.1.1. Company Overview
10.1.2. Products/Services Offered
10.1.3. Financial Overview
10.1.4. Key Developments
10.1.5. Key Strategies
10.1.6. SWOT Analysis
10.2. Avis Budget Group, Inc.
10.2.1. Company Overview
10.2.2. Products/Services Offered
10.2.3. Financial Overview
10.2.4. Key Developments
10.2.5. Key Strategies
10.2.6. SWOT Analysis
10.3. Enterprise Holdings Inc.
10.3.1. Company Overview
10.3.2. Products/Services Offered
10.3.3. Financial Overview
10.3.4. Key Developments
10.3.5. Key Strategies
10.3.6. SWOT Analysis
10.4. Europcar Mobility Group
10.4.1. Company Overview
10.4.2. Products/Services Offered
10.4.3. Financial Overview
10.4.4. Key Developments
10.4.5. Key Strategies
10.4.6. SWOT Analysis
10.5. The Hertz Corporation
10.5.1. Company Overview
10.5.2. Products/Services Offered
10.5.3. Financial Overview
10.5.4. Key Developments
10.5.5. Key Strategies
10.5.6. SWOT Analysis
10.6. Sixt SE
10.6.1. Company Overview
10.6.2. Products/Services Offered
10.6.3. Financial Overview
10.6.4. Key Developments
10.6.5. Key Strategies
10.6.6. SWOT Analysis
10.7. BlueIndy
10.7.1. Company Overview
10.7.2. Products/Services Offered
10.7.3. Financial Overview
10.7.4. Key Developments
10.7.5. Key Strategies
10.7.6. SWOT Analysis
10.8. DriveElectric
10.8.1. Company Overview
10.8.2. Products/Services Offered
10.8.3. Financial Overview
10.8.4. Key Developments
10.8.5. Key Strategies
10.8.6. SWOT Analysis
10.9. Easirent
10.9.1. Company Overview
10.9.2. Products/Services Offered
10.9.3. Financial Overview
10.9.4. Key Developments
10.9.5. Key Strategies
10.9.6. SWOT Analysis
10.10. Green Motion International
10.10.1. Company Overview
10.10.2. Products/Services Offered
10.10.3. Financial Overview
10.10.4. Key Developments
10.10.5. Key Strategies
10.10.6. SWOT Analysis
10.11. Wattacars
10.11.1. Company Overview
10.11.2. Products/Services Offered
10.11.3. Financial Overview
10.11.4. Key Developments
10.11.5. Key Strategies
10.11.6. SWOT Analysis
10.12. Zoomcar
10.12.1. Company Overview
10.12.2. Products/Services Offered
10.12.3. Financial Overview
10.12.4. Key Developments
10.12.5. Key Strategies
10.12.6. SWOT Analysis
10.13. Europcar Group
10.13.1. Company Overview
10.13.2. Products/Services Offered
10.13.3. Financial Overview
10.13.4. Key Developments
10.13.5. Key Strategies
10.13.6. SWOT Analysis
List of Tables
Table 1 Global Electric Car Rental Market, by Region, 2020-2027
Table 2 North America: Electric Car Rental Market, by Country, 2020-2027
Table 3 Europe: Electric Car Rental Market, by Country, 2020-2027
Table 4 Asia-Pacific: Electric Car Rental Market, by Country, 2020-2027
Table 5 RoW: Electric Car Rental Market, by Region, 2020-2027
Table 6 Global Electric Car Rental Market, by Vehicle Type, by Regions, 2020-2027
Table 7 North America: Electric Car Rental Market, by Vehicle Type, by Country, 2020-2027
Table 8 Europe: Electric Car Rental Market, by Vehicle Type, by Country, 2020-2027
Table 9 Asia-Pacific: Electric Car Rental Market, by Vehicle Type, by Country, 2020-2027
Table 10 RoW: Electric Car Rental Market, by Vehicle Type, by Region, 2020-2027
Table 11 Global Electric Car Rental Market, by Service, by Regions, 2020-2027
Table 12 North America: Electric Car Rental Market, by Service, by Country, 2020-2027
Table 13 Europe: Electric Car Rental Market, by Service, by Country, 2020-2027
Table 14 Asia-Pacific: Electric Car Rental Market, by Service, by Country, 2020-2027
Table 15 RoW: Electric Car Rental Market, by Service, by Region, 2020-2027
Table 16 Global Electric Car Rental Market, by Application, by Regions, 2020-2027
Table 17 North America: Electric Car Rental Market, by Application, by Country, 2020-2027
Table 18 Europe: Electric Car Rental Market, by Application, by Country, 2020-2027
Table 19 Asia-Pacific: Electric Car Rental Market, by Application, by Country, 2020-2027
Table 20 RoW: Electric Car Rental Market, by Application, by Region, 2020-2027
Table 21 Global Electric Car Rental Market, by Vehicle Type, 2020-2027
Table 22 Global Electric Car Rental Market, by Service, 2020-2027
Table 23 Global Electric Car Rental Market, by Application, 2020-2027
Table 24 North America: Electric Car Rental Market, by Vehicle Type, 2020-2027
Table 25 North America: Electric Car Rental Market, by Service, 2020-2027
Table 26 North America: Electric Car Rental Market, by Application, 2020-2027
Table 27 Europe: Electric Car Rental Market, by Vehicle Type, 2020-2027
Table 28 Europe: Electric Car Rental Market, by Service, 2020-2027
Table 29 Europe: Electric Car Rental Market, by Application, 2020-2027
Table 30 Asia-Pacific: Electric Car Rental Market, by Vehicle Type, 2020-2027
Table 31 Asia-Pacific: Electric Car Rental Market, by Service, 2020-2027
Table 32 Asia-Pacific: Electric Car Rental Market, by Application, 2020-2027
Table 33 RoW: Electric Car Rental Market, by Vehicle Type, 2020-2027
Table 34 RoW: Electric Car Rental Market, by Service, 2020-2027
Table 35 RoW: Electric Car Rental Market, by Application, 2020-2027
List of Figures
Figure 1 Research Application of MRFR
Figure 2 Top-Down and Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Electric Car Rental Market Share, by Vehicle Type, 2020 (%)
Figure 9 Global Electric Car Rental Market, by Vehicle Type, 2020-2027 (USD Million)
Figure 10 Global Electric Car Rental Market Share, by Service, 2020 (%)
Figure 11 Global Electric Car Rental Market, by Service, 2020-2027 (USD Million)
Figure 12 Global Electric Car Rental Market Share, by Application, 2020 (%)
Figure 13 Global Electric Car Rental Market, by Application, 2020-2027 (USD Million)
Figure 14 Global Electric Car Rental Market Share (%), by Region, 2020
Figure 15 Global Electric Car Rental Market, by Region, 2020-2027 (USD Million)
Figure 16 North America: Electric Car Rental Market Share (%), 2020
Figure 17 North America: Electric Car Rental Market, by Country, 2020-2027 (USD Million)
Figure 18 Europe: Electric Car Rental Market Share (%), 2020
Figure 19 Europe: Electric Car Rental Market, by Country, 2020-2027 (USD Million)
Figure 20 Asia-Pacific: Electric Car Rental Market Share (%), 2020
Figure 21 Asia-Pacific: Electric Car Rental Market, by Country, 2020-2027 (USD Million)
Figure 22 RoW: Electric Car Rental Market Share (%), 2020
Figure 23 RoW: Electric Car Rental Market, by Region, 2020-2027 (USD Million)
