Electric Car Rental Sector: Growth Drivers and Challenges
Growth Drivers
- Rapid Expansion of Travel and Tourism Sector Globally
- Rising Demand for Cheaper Means of Transportation
Challenges
- Lack of Infrastructure for Electric Car Rental Services
Electric Car Rental Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
12.9% |
|
Base Year Market Size (2024) |
USD 12.93 billion |
|
Forecast Year Market Size (2037) |
USD 62.61 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of electric car rental is assessed at USD 14.35 billion.
Electric Car Rental Market size was valued at USD 12.93 billion in 2024 and is expected to reach USD 62.61 billion by 2037, registering around 12.9% CAGR during the forecast period i.e., between 2025-2037.
North America industry is predicted to dominate majority revenue share by 2037, propelled by growing usage of car rental services, and increasing number of leisure and business trips across the region, both internationally and locally.
The major players in the market are SIXT SE, ER Travel Services Ltd., Europcar Mobility Group SA, Fleetdrive Management Ltd., Green Motion International, and others.
