PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1462542
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1462542
MUV (Multi Utility Vehicle) Rental Market Size - By Booking (Online, Offline), By Rental Length (Short Term, Long Term), By Application (Leisure/Tourism, Business), By End User (Individual, Corporate, Government Agencies), & Forecast, 2024 - 2032
Global MUV (Multi Utility Vehicle) Rental Market will record a 5.5% CAGR from 2024 to 2032, propelled by technological advancements, urbanization, and the increasing demands of businesses. Advancements in digital platforms and apps streamline rental processes, making MUVs more accessible. Urbanization leads to a higher concentration of population in cities, creating a demand for convenient transportation options like MUV rentals. Additionally, businesses require MUVs for various purposes, such as employee commutes and logistics, further boosting the market's size as companies opt for cost-effective and flexible mobility solutions.
For instance, in March 2024, Eco Mobility launched its corporate car rental services in 10 new cities nationwide. This expansion effort is in line with the company's strategic goal of expanding its presence geographically.
The MUV (multi utility vehicle) rental industry is segmented on the basis of booking, rental length, application, end user, and region.
Based on the end user, the corporate segment will achieve a considerable foothold by 2032 due to escalating demand from businesses worldwide. Corporations rely on MUVs for diverse operational needs, such as executive travel, logistics, and team transportation. With an emphasis on cost-efficiency and flexible mobility solutions, corporations find MUV rentals an ideal choice. As companies expand their fleets to cater to growing business requirements, the corporate segment will emerge as a key driver in the transportation sector, shaping the evolving landscape of corporate mobility.
In terms of application, the business application segment will undergo a substantial uptick by 2032, fueled by the rising need for efficient transportation solutions for corporate travel, logistics, and employee commutes. Companies are increasingly turning to MUV rentals for their versatility, spaciousness, and cost-effectiveness. Whether it's for shuttle services, field operations, or executive travel, MUVs offer a practical solution. This trend will continue, solidifying the business application segment as a pivotal player in the expanding MUV (multi utility vehicle) rental market outlook.
Asia Pacific will exhibit a remarkable CAGR from 2024 to 2032, attributed to the rising demand for versatile vehicles across diverse industries such as tourism, construction, and logistics. Countries like China, India, and Japan are witnessing significant growth in MUV rentals, driven by expanding urbanization and infrastructure projects. With a burgeoning middle class and robust economic development, Asia Pacific will stand as a notable contributor to the thriving MUV (multi utility vehicle) rental industry.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier Landscape
- 3.2.1 MUV manufacturers
- 3.2.2 Rental service providers
- 3.2.3 Booking platform developers
- 3.2.4 End-user
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing travel and tourism industry
- 3.8.1.2 Rise in focus towards expanding fleet options
- 3.8.1.3 Increasing demand for flexible mobility solutions
- 3.8.1.4 Technological advancement of booking platforms
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Increasing competition from ride-sharing service providers
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Booking, 2018 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Online
- 5.3 Offline
Chapter 6 Market Estimates & Forecast, By Rental Length, 2018 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 Short term
- 6.3 Long term
Chapter 7 Market Estimates & Forecast, By Application, 2018 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 Leisure/Tourism
- 7.3 Business
Chapter 8 Market Estimates & Forecast, By End User, 2018 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 Individual
- 8.3 Corporate
- 8.4 Government agencies
Chapter 9 Market Estimates & Forecast, By Region, 2018 - 2032 ($Bn)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Advantage Rent-a-car
- 10.2 Avis Budget Group, Inc.
- 10.3 Carzonrent India Pvt Ltd
- 10.4 DriveNow
- 10.5 Enterprise Holdings, Inc.
- 10.6 Europcar Mobility Corporation
- 10.7 Fox Rent A Car
- 10.8 Getaround
- 10.9 Global Cars
- 10.10 Hertz System, Inc.
- 10.11 HyreCar
- 10.12 Localiza
- 10.13 Lyft, Inc.
- 10.14 Movacar
- 10.15 National Car Rental
- 10.16 Silvercar
- 10.17 Sixt SE
- 10.18 Uber
- 10.19 Uber Technologies, Inc.
- 10.20 Zoomcar
