Germany Car Rental Market – Growth, Trends and Forecasts (2022 – 2027) – Ken Research
What is the Size of Germany Car Rental Industry?
Germany Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach EUR ~ Bn by 2027F. The Germany Car Rental Market is largely driven by rise in number of travelers demands for car rental services, increasing demand for online car rental services and digitization.
But, the rapid spread of coronavirus across the country and enforced lockdown in country have had a negative impact on the car rental market. Manufacturers operating in the car rental market are recovering from the losses caused due to disturbed services due to halt on transportation activities and travel restrictions.
After the successful recovery of businesses, manufacturers in the car rental market are marking their presence in the market. Major players operating in the car rental market are investing and expanding their services to fulfill rising demands from consumes.
Also, increasing popularity of tours and travels due to rising disposable incomes is a factor demanding high quality and reliable travel services for their tours. Leading car rental service providers are offering quality services and promoting their brands at airports, and this is helping customers to adopt their services.
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Germany Car rental Market by Market Structure
The Germany Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.
Germany Car rental Market by ICE/EV
The Germany Car Rental market is segmented by ICE/EV into ICE (internal combustion engine) and electric vehicles. There is a preference towards the ICE vehicles as they have been very common and EVs are new concept and they are expensive also.
Germany Car rental Market by Type of Vehicles
The Germany Car Rental market is segmented by type of vehicles into small cars/ hatchbacks, sedans, SUVs and others. The most popular car models in the market are VW, Mercedes, Opel, VW Up, Toyota Aygo, Polo, Opel Corsa, VW Golf, and Opel Astra. Small Car/ Hatchback has the highest market share among other types of vehicles in the country.
Germany Car rental Market by Cities
The Germany Car Rental market is segmented by cities into Berlin, Hamburg, Munich and others. Munich has the most market share in car rental in Germany as compare to other cities.
Germany Car rental Market by Client
The Germany Car Rental market is segmented by client into business and leisure. Leisure holds the most of the market share in Germany Car Rental Market.
Germany Car rental Market by mode of booking
The Germany Car Rental market is segmented by mode of booking into online and offline. Online mode of booking is more as compare to offline as it is quick and have more options. Also, tourist from other countries who don’t know to location can also easily book their cars online.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Car Rental Service Providers
- Car Rental Companies aiming to establish in Germany
- Germany’s 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 Year: 2017-2022
- Base Year: 2022
- Forecast Period: 2022– 2027F
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