According to the recent study the Canadian car rental market is projected to reach an estimated $2.1 billion by 2027 from $1.5 billion in 2021, at a CAGR of 5.1% from 2021 to 2027. Growth in this market is primarily driven by growing tourism industry, increase in international air travelers, and rising income levels across the globe.
Browse 53 figures / charts and 37 tables in this 110 -page report to understand trends, opportunities and forecast in Canadian car rental market by location (on-airport and off-airport), customer type (business, leisure, and others), mode of booking (on-line and off-line), vehicle type (luxury cars, executive cars, economy cars, sports utility vehicles, and others.
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“Leisure market is expected to remain the largest segment during the forecast period.”
Based on customer type, the Canadian car rental market is segmented into business, leisure, and others. Lucintel forecasts that the leisure market is expected to remain the largest segment due to the rise in air travel and increasing domestic tourism.
“Within the Canadian car rental market, the On-airport segment is expected to remain the largest location type”
Based on location type the On-airport segment is expected to witness the highest growth over the forecast period due to increasing air traffic.
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Major players of Canadian car rental market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Enterprise Rent-A-Car, Hertz Group AG, Avis Budget Group Inc., Europcar Mobility Group S.A., Sixt AG, Routes Car Rental, ZEROCAR, Practicar Car Rental, and Yellow Car Rental are among the major Canadian car rental providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/canadian-car-rental-market.aspx or [email protected]