Europe Car Rental Market Industry Trends & Forecast Report, 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Europe car rental market size at USD 14.16 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe car rental market size to grow at a CAGR of 10.86% reaching a value of USD 26.28 billion by 2029. Europe car rental market is influenced by several key driving factors. Firstly, the growing trend of tourism within Europe contributes significantly, as tourists often require rental vehicles for transportation. Also, the convenience and flexibility of car rentals for business travelers play a pivotal role. Environmental concerns and a shift towards eco-friendly options, like electric and hybrid cars, are also impacting the market. The expansion of online booking platforms and mobile apps has made it easier for consumers to access rental services. Further, the proliferation of ride-sharing and car-sharing services has intensi...