Pune, Feb. 08, 2021 (GLOBE NEWSWIRE) — Car Rental Market Analysis/Car Rental Market Trends
The global car rental industry is highly lucrative and predicted to witness significant growth at a healthy 14% CAGR over the forecast period, reveals the Market Research Future (MRFR) report. Car hire or car rental agencies, simply put, are agencies that rent cars at a certain cost for a short time period. This service often is organized with local branches that are situated near busy areas or airports in the city and complemented by a website for online reservations. Following the rise in population and pollution levels, the car rental industry has witnessed a drastic transformation in the last few years, thus becoming a highly prominent industry in fleet transportation.
Alluring Features that Bolster Market Growth
As per the Market Research Future report, there are numerous factors that are propelling the car rental market size. These