What Is the Size of Italy Car Rental Industry?
Italy Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach EUR ~ Bn by 2027F. The Italy Car Rental Market is largely driven by smartphones users’ penetration, rising tourism and government initiatives. Also, growing Demand for On-Demand Transportation Services to drive market growth increasing vehicle costs, shrinking parking lots, and high auto maintenance costs encourage people to use on-demand transportation services for trips and everyday commuting. As a result, the industry has grown due to consumers’ increased preference for on-demand transportation. Furthermore, the rising number of international tourists is the main growth driver for the expansion of the car rental market in the country raising the standard of booking and leading to robust revenue generation.
Furthermore, the COVID-19 has disrupted car rental growth across the country. The strict travel restrictions and quarantine rules across the country have adversely affected the car rental market. The car rental market registered around ~% lower revenue in 2020 as compared to 2019. However, the market is displaying a decent recovery post-severe COVID-19 pandemic outbreaks as the market revenue is surging by around ~% in 2021 as compared to 2020.
Italy Car Rental Market by type of vehicles
The Italy Car Rental market is segmented by type of vehicles into small cars/hatchbacks, Sedans, SUVs and others. 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.
Italy Car Rental Market by Fuel type
The Italy Car Rental market is segmented by fuel type into petrol, diesel and electric. People usually prefer petrol-based car as they don’t want to wait for charging their cars.
Italy Car Rental Market by Mode of Booking
The Italy Car Rental market is segmented by mode of booking into online and offline. Online booking dominates the Italy car rental market in terms of revenue in 2021 and is registers a significant growth in terms of revenue during the forecast period. The rise in the use of internet and mobile phone applications across the country is likely to enhance the use of online booking platforms.
Italy Car Rental Market by application
The Italy Car Rental market is segmented by application into business and leisure. Leisure trips are projected to hold a significant market share with the increasing number of tourist arrivals contributing to increasing the country’s GDP as well.
Key Segments Covered in the report: –
Italy car Rental Market
By Market Structure
By Type of Vehicles
Small Cars/ Hatchbacks
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By Mode of Booking
By Fuel Type
Key Target Audience
Car Rental Service Providers
Car Rental Companies aiming to establish in the Italy
Italy Automotive Industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association
Existing Car Rental Companies
New Market Entrants
Car Rental Associations
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Time Period Captured in the Report
Historical Period: 2017-2022P
Base Year: 2022P
Forecast Period: 2022P-2027F
Key Topics Covered in the Report
Country Overview of the Italy
Overview of Automotive Industry in Italy
Ecosystem and business cycle of Italy Car Rental Market
Value Chain Analysis of Italy Car Rental Market
Italy Car Rental Market Sizing, 2017- 2022P
Market Segmentations of Car Rental Market in Italy
Snapshots on different Car Rental Markets in Italy
SWOT Analysis of Italy Car Rental Market
Growth Drivers of Italy Car Rental Market
Government regulations of Italy Car Rental Market
Trends and Developments of Italy Car Rental Market
Challenges of Italy Car Rental Market
End User Analysis of Car Rental Market in Italy
Competitive Analysis of Car Rental Market in Italy
Future Outlook and Projections of Car Rental Market in Italy
For more information on the research reports, refer to below link: –
Future Outlook of Italy Car Rental Market
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Netherlands Car Rental Market Outlook to 2027F