Global car rental market expected to grow 13.55% annually until 2022
The global car rental market is expected to reach $124.56bn by 2022, growing at a compound annual growth rate (CAGR) of 13.55% between 2017 and 2022. The US accounted for 44.6% of market share in 2016, with economy cars accounting for approximately 33.1% of the global market. International tourism is the leading factor in the growth of the car rental market, along with rapid industrialisation in India, China and Japan.
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