Edison, NJ -- (SBWire) -- 01/06/2023 --The latest study released on the Global Subscription-Based Car Rental Market by AMA Research evaluates market size, trend, and forecast to 2027. The Subscription-Based Car Rental market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
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Key Players in This Report Include:
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)
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
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.
Market Opportunities:
Increasing popularity of cars among the individual in the developing countries booming the Subscription-based car rental Market
Market Trends:
Advancement in technology offering an app-based platform for subscription-based car rental Market
Market Drivers:
Growing demand for a flexible alternative to owning a car without any tie-ins or responsibilities
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The Global Subscription-Based Car Rental Market 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)
Global Subscription-Based Car Rental market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
-To carefully analyze and forecast the size of the Subscription-Based Car Rental market by value and volume.
-To estimate the market shares of major segments of the Subscription-Based Car Rental
-To showcase the development of the Subscription-Based Car Rental market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Subscription-Based Car Rental market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Subscription-Based Car Rental
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Subscription-Based Car Rental market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Subscription-Based Car Rental Market Study Coverage:
It includes major manufacturers, emerging player's growth story, and major business segments of Subscription-Based Car Rental market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Subscription-Based Car Rental Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Subscription-Based Car Rental Market Production by Region Subscription-Based Car Rental Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Subscription-Based Car Rental Market Report:
Subscription-Based Car Rental Overview, Definition and Classification Market drivers and barriers
Subscription-Based Car Rental Market Competition by Manufacturers
Impact Analysis of COVID-19 on Subscription-Based Car Rental Market
Subscription-Based Car Rental Capacity, Production, Revenue (Value) by Region (2021-2027)
Subscription-Based Car Rental Supply (Production), Consumption, Export, Import by Region (2021-2027)
Subscription-Based Car Rental Production, Revenue (Value), Price Trend by Type
Subscription-Based Car Rental Market Analysis by Application {Commercial, Residential}
Subscription-Based Car Rental Manufacturers Profiles/Analysis Subscription-Based Car Rental Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
How feasible is Subscription-Based Car Rental market for long-term investment?
What are influencing factors driving the demand for Subscription-Based Car Rental near future?
What is the impact analysis of various factors in the Global Subscription-Based Car Rental market growth?
What are the recent trends in the regional market and how successful they are?
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