New Jersey, USA -- (SBWire) -- 10/11/2022 --Latest added Subscription-Based Car Rental Market research study by AMA Research offers detailed outlook and elaborates market review till 2027. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are The Hertz Corporation (United States), Enterprise Holdings, Inc. (United States), Porsche Cars North America, Inc.( United States), FlexClub (Netherlands), Carvolution (Switzerland), Invygo (United Arab Emirates), Bipi (Spain), LMP Motors. (United States), Cluno GmbH (Germany), Canoo (United States), FreshCar (United States), Carbar Autos (Australia), SIXT(Germany), Europcar (France), selfdrive.ae (United Arab Emirates) etc.
The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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Subscription-Based Car Rental Market Definition:
Subscription-based car rental refers to a long-time rental where the user can assess one or more vehicles by paying a periodic fee. This is an alternative option of owning or leasing a car without any down payment or car loan. It covers insurance, roadside assistance, and complete maintenance on a monthly fee. Subscription-based car rental allows the user to extend or return or buy out the car when it wants. This service also offers features like Door-step delivery, Verification checks and Mileage-based billing, etc
The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth.
This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Subscription-Based Car Rental Market research report include SWOT analysis.
Market Growth Drivers:
- Growing demand for a flexible alternative to owning a car without any tie-ins or responsibilities
Influencing Trend:
- Advancement in technology offering an app-based platform for subscription-based car rental Market
Opportunities:
- Increasing popularity of cars among the individual in the developing countries booming the Subscription-based car rental Market
The Global Subscription-Based Car Rental segments and Market Data Break Down are illuminated below:
by Application (Commercial, Residential), Service Deployment (Web-Based, App-Based, Others), Car Type (Electric-Car, Petrol or diesel Car, Others), Subscription Pricing (Daily rental, Monthly, Yearly, Other)
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Market Leaders and their expansionary development strategies
On 27 July 2021, RCI Bank and Services, the Renault Group's automotive captive, acquired Bipi, a multi-brand platform that is a reference in car subscription offers for used vehicles, a growing segment. Through this acquisition, RCI Bank and Services will extend its range of flexible all-inclusive products with multi-brand subscriptions dedicated to used vehicles. Bipi will also enable the design of subscription formulae for Mobilize's activities, in order to meet the new expectations of car drivers.
On June 15, 2021, Europcar Norway announced that it will launch its 'Sesongbil' subscription service in Norway, and the service will be distributed through the Schibsted owned marketplace FINN. At imove we applaud Europcar for their willingness to adapt to new consumer trends. We also applaud that FINN takes a clear position in the fast-growing car subscription market. and On September 01, 2021, Selfdrive, an entity of Pinewoods Tech Serve has launched an all-in-one Smart Mobility App. The app is serving as a game-changer for the car rental space offering its users a seamless, reliable, and convenient mechanism to rent a car on demand. The cutting-edge mobile app provides direct access to dealership fleet to its users, allowing them to rent a car by the day, subscribe by the month, or lease a car up to 3 years, offering complete flexibility in booking duration.
The regional analysis of Global Subscription-Based Car Rental Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2021-2027.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Strategic Points Covered in Table of Content of Global Subscription-Based Car Rental Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Subscription-Based Car Rental market
Chapter 2: Exclusive Summary – the basic information of the Subscription-Based Car Rental Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Subscription-Based Car Rental
Chapter 4: Presenting the Subscription-Based Car Rental Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Subscription-Based Car Rental market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Subscription-Based Car Rental Market is a valuable source of guidance for individuals and companies.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Subscription-Based Car Rental market?
- What are the key concerns of the five forces analysis of the Global Subscription-Based Car Rental market?
- What are different prospects and threats faced by the dealers in the Global Subscription-Based Car Rental market?
- What are the strengths and weaknesses of the key vendors?
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
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