The global car rental market is expected to reach $164,335 million by 2022, growing at a CAGR of 11.6% from 2016 to 2022. The growth of the global car rental market is majorly driven by development of the travel & tourism industry. Furthermore, rise in disposable income of people in countries such as the U.S., Germany, and Italy and enhanced road infrastructure is promoting the growth of the market. Increase in investment by global funds and players opting for aggregator-based business model further fueling the market growth. Automobile companies have developed green vehicles to control the rise in pollution level.
According to AMR research report, Car Rental Market is set to grow at a remarkable pace in the coming years. The report includes an in-depth analysis of the global Car Rental Market, including information about current market trends, changing market dynamics, expected trends and market intelligence.
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