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.
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:
Breakup by Rental Length:
Breakup by Vehicle Type:
Breakup by Application:
Breakup by End User:
Breakup by Country:
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.
|Base Year of the Analysis||2020|
|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|
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|Post-Sale Analyst Support||10-12 Weeks|
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