Germany Car Rental Market Outlook To 2027F

The report provides a comprehensive analysis of the potential of Car Rental industry in Germany. The report covers an overview and genesis of the industry, market size in terms of revenue generated.

Its market segmentations include by market structure, by type of vehicle, by ICE/ EV, by mode of booking, by pick-up, by client, by cities; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Germany Car Rental Market grew from approximately SAR ~ Mn in 2017 to approximately SAR ~ Mn in 2022 – is forecasted to grow further into SAR ~ Mn opportunity by 2027F, owing to the New Government Policies and new players in the market.

• Growth rate of total car rental is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country.
• With rising internet penetration and ownership of smartphones, it is expected that customers will make bookings online as it is more convenient for bookings with additional discounts and saving time.

Key Trends by Market Segment:

By Market Structure: 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.

By Type of Vehicle: 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.

Competitive Landscape

In Germany Car Rental Market there are about ~ players operating in the overall market, and top 5 players accounted ~% share in the market in terms of revenue. The major parameters on which these players complete includes Number of Fleet Size, Pricing, locations Served, Type of fleets, and many more.

Future Outlook

The Germany Car Rental Market is projected to show a significant growth owing to increase in travel expenditure, rising demand for rental cars and short-term car leasing for personal choice. The growth rate of total fleet size is anticipated to increase over the period with surge in working class population to travel by cab aggregators avoiding public transportation along with government incentives and policies.

Key Trends by Market Segment: By Market Structure: 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.