Italy Car Rental Market by market structure
The Italy Car Rental market is segmented by market structure into organized and unorganized market structure. Most tourists prefer the organized sector as they look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.
Competition Scenario in Italy Car Rental Market
Italy Car Rental Market is at a growing stage. The country has over ~ Market Players in Car Renting. Italy Car rental market is dominated by major players such as Europcar, Avis, Hertz, Rentalcars.com, Easycar.com, and many others Italy’s Car Rental Market is in the Growing stage owing to rising internet connectivity and smartphones penetration along with rising tourism.
What is the Expected Future Outlook for the Overall Italy Car Rental Market Across the globe?
The Italy Car Rental market was valued at EUR ~billion in 2022 and is anticipated to reach EUR ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future. The Italy Car Rental market is driven by rising tourism, growing internet connectivity. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
Also, owing to the increasing demand from tourists for business and leisure purposes hiring rental cars along with the Italy government’s decision to increase the tax-free travel allowance. The growing penetration rate of the internet and smartphones are driving more people to rent a car as the services are mainly provided through online platforms.
The rise in domestic and international tourism across the country is likely to witness major growth in the market. In 2021, domestic expenditure accounts for around ~% of total tourism spending. The contribution of travel and tourism spending is the key factor toward the Italian GDP. Such an increase in travel and tourism sectors across the country is witnessing major demand for car rental services, which in turn witnessing major growth for the market.
Along with rising internet penetration across the country and increase in use of smart phone application for online car rental booking is likely to witness significant growth for the market. For instance, in 2021, the number of active internet user in Italy counted more than ~ million, such increase in use of internet will help to boost the market.
Key Segments Covered in the report: –
Italy car Rental Market
By Market Structure
Organized market
Unorganized market
By Type of Vehicles
Small Cars/ Hatchbacks
Sedans
SUVs
Others
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By Mode of Booking
Online
Offline
By Application
Business
leisure
By Fuel Type
Diesel
Petrol
Electric
Key Target Audience
Car Rental Service Providers
Car Rental Companies aiming to establish in the Italy
Italy Automotive Industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association
Car Manufacturers
Existing Car Rental Companies
OEM Dealerships
New Market Entrants
Investors
Car Rental Associations
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Time Period Captured in the Report
Historical Period: 2017-2022P
Base Year: 2022P
Forecast Period: 2022P-2027F
Companies Covered:
Thrifty
Avis
National
Hertz
Alamo
Dollar
Britz
Key Topics Covered in the Report
Executive Summary
Country Overview of the Italy
Overview of Automotive Industry in Italy
Ecosystem and business cycle of Italy Car Rental Market
Value Chain Analysis of Italy Car Rental Market
Italy Car Rental Market Sizing, 2017- 2022P
Market Segmentations of Car Rental Market in Italy
Snapshots on different Car Rental Markets in Italy
SWOT Analysis of Italy Car Rental Market
Growth Drivers of Italy Car Rental Market
Government regulations of Italy Car Rental Market
Trends and Developments of Italy Car Rental Market
Challenges of Italy Car Rental Market
End User Analysis of Car Rental Market in Italy
Competitive Analysis of Car Rental Market in Italy
Future Outlook and Projections of Car Rental Market in Italy
Analyst Recommendations
Research Methodology
For more information on the research reports, refer to below link: –
Future Outlook of Italy Car Rental Market
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