Updated Research Report of Car Rental Insurance Market 2020-2025:
Wiseguyreports.Com Adds “Car Rental Insurance – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2025” To Its Research Database.
The global car rental market is currently witnessing strong growth. Car rental refers to the facility of renting automobiles temporarily for a predefined period through online or offline channels. Car rental services are primarily aimed at serving travelers and individuals who do not own private vehicles. Renting automobiles is considered to be a more cost-effective alternative to owning a vehicle as it offers freedom of movement, low-cost traveling and enables the evasion of high ownership costs. The service providers also offer various other products, such as car damage repair, insurance compensation policies, entertainment systems, global positioning systems (GPS) and Wi-Fi networks, for providing enhanced convenience to users.
Significant growth in the travel and tourism industry across the globe is one of the key factors driving the growth of the market. Furthermore, the rising urban population with increasing inclination toward adventure and travel is also providing a boost to the market growth. In line with this, individuals are adopting car rental services in the form of taxis and carpooling for increased mobility and cost-effective traveling. Additionally, the implementation of favorable government policies, along with the increasing awareness regarding environment conservation, is acting as another growth-inducing factor. Governments of both the developed and emerging economies are emphasizing on minimizing their vehicular emissions and promoting car rental services as one of the most economical modes of transportation. Other factors, including the introduction of car rental services through websites and smartphone-based applications, coupled with increasing expenditure capacities of the masses, are projected to drive the market further. Looking forward, the publisher expects the market to register a CAGR of around 7% during 2020-2025.
The key players covered in this study
State Farm Mutual Automobile Insurance Company
Dollar Thrifty Automotive Group
Manitoba Public Insurance
Market segment by Type, the product can be split into
Insurance for Vehicle Loss
Third Party Insurance
Market segment by Application, split into
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Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Car Rental Insurance status, future forecast, growth opportunity, key market and key players.
To present the Car Rental Insurance development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Car Rental Insurance are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key questions answered in the report:
What will the market growth rate of Car Rental Insurance market in 2025?
What are the key factors driving the global Car Rental Insurance market?
What are sales, revenue, and price analysis of top manufacturers of Car Rental Insurance market?
Who are the distributors, traders and dealers of Car Rental Insurance market?
Who are the key manufacturers in Car Rental Insurance market space?
What are the Car Rental Insurance market opportunities and threats faced by the vendors in the global Car Rental Insurance market?
What are sales, revenue, and price analysis by types and applications of Car Rental Insurance market?
What are sales, revenue, and price analysis by regions of Car Rental Insurance market?
What are the market opportunities, market risk and market overview of the Car Rental Insurance market?
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Major Key Points in Table of Content
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 North America
9 Southeast Asia
11 Central & South America
12 International Players Profiles
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