The global car rental market is valued at $1,48,129.4 million by 2027, surging from $92,252.4 million in 2019 at a noteworthy CAGR of 15.5%. Impact Analysis of COVID-19 on the Car Rental Market The global market for car rental services is projected to experience a low growth rate in the midst of the COVID-19 health emergency, due to revenue losses, massive hit to the tourism sector, and complete shutdown. Therefore, the significant companies involved in car rental businesses, like Avis, are implementing cost-saving measures which include a 20% reduction in fleet coupled with a 70% reduction in its employee workforce. On the other hand, some of the notable car rental service providers like Rent-a-car and Revv are following various strategies to help people in the COVID-19 apocalypse. Fear of viral spread while using public transport is the main driving factor raising the need for rental car services. Therefore, such companies have seen an upsurge in growth, throughout the pandemic p
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