Scandinavia Car Rental Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Scandinavia Car Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Scandinavia car rental market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Car rental refers to a vehicle that can be hired for a predefined period through online/offline channels via rental agencies. These services offer freedom of movement, low-cost traveling, and enable the evasion of high ownership costs. Furthermore, a rental car also provides numerous additional benefits for a convenient traveling experience, such as car damage repair, insurance compensation policies, entertainment systems, global positioning systems (GPS), Wi-Fi networks, etc.

In Scandinavia, the rising levels of urbanization coupled with the growing popularity of cost-effective modes of transportation are propelling the demand for car rental services. Additionally, with the increasing penetration of smartphones and high internet connectivity, the renting of cars through online platforms has gained prominence in the region. Several app- or website-based car rental services are offering numerous customer-centric benefits, including ease of booking, on-site pick-up, real-time location observation, economic tariffs, etc. The growing consumer awareness towards the cost-effectiveness, comfort, flexibility, and affordability of rental cars is also catalyzing the market growth. Moreover, several government bodies across Scandinavia are focusing on controlling vehicular emissions, thereby promoting several eco-friendly, carpooling transportation methods. Apart from this, numerous car rental companies are introducing electric vehicles in their fleet to reduce the adverse environmental impact of fuel-based taxis. In the coming years, the rising integration of car rental platforms with various advanced technologies, such as AI, IoT, predictive analytics, etc., will continue to drive the market for rental cars in Scandinavia.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Scandinavia car rental market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, booking type, rental length, vehicle type, application and end user.

Breakup by Booking Type:

Online
Offline

Breakup by Rental Length:

Short Term
Long Term

Breakup by Vehicle Type:

Luxury Cars
Executive Cars
Economy Cars
Sports Utility Vehicles (SUVs)
Others

Breakup by Application:

Leisure/ Tourism
Business

Breakup by End User:

Self-Driven
Chauffeur-Driven

Breakup by Country:

Norway
Denmark
Sweden

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Alamo, Autoplan, Avis Rent A Car System, LLC., Budget Rent A Car System, Inc., Enterprise Holdings, Inc., Europcar, National Car Rental, Sixt, The Hertz Corporation and Thrifty Car Rental.

Report Coverages:

Report Features	Details
Base Year of the Analysis	2020
Historical Period	2015-2020
Forecast Period	2021-2026
Units	US$ Million
Segment Coverage	Booking Type, Rental Length, Vehicle Type, Application, End User, Country
Countries Covered	Norway, Denmark, Sweden
Companies Covered	Alamo, Autoplan, Avis Rent A Car System, LLC., Budget Rent A Car System, Inc., Enterprise Holdings, Inc., Europcar, National Car Rental, Sixt, The Hertz Corporation and Thrifty Car Rental.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Scandinavia car rental market performed so far and how will it perform in the coming years?
What are the major countries in the Scandinavia car rental market?
What is the impact of COVID 19 on Scandinavia car rental market?
What is the breakup of the market based on the booking type?
What is the breakup of the market based on the rental length?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the Scandinavia car rental market and who are the key players?
What is the degree of competition in the market?