Van markets: Trout Lake « Vancouver Farmers Market

3

6. 1 Vendor Market Share

6.2 Company Profiles*

1. 6.2.1 Ford Motor Company

2. 6.2.2 Daimler AG

3. Toyota Motor Corporation

4. 6.2.5 Vauxhall Motors Limited

5. 6.2.6 Stellantis NV

6. 6.2.7 Hyundai Motors

7. Ltd.

8. 6.2.10 BYD Co. Ltd.

9. 6.2.11 IVECO Group N.V.

10. 6.2.12 Arrival Electric Group Limited

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Frequently Asked Questions

What is the study period for this market?

The European van market is being studied from 2018 to 2028.

What is the growth rate of the van market in Europe?

The European van market will grow at a CAGR of 4.66% over the next 5 years.

What is the size of the van market in Europe in 2018?

The European van market is valued at US$51 billion in 2018.

What is the size of the van market in Europe in 2028?

The European van market is valued at US$69 billion in 2028.

Who are the key players in the van market in Europe?

Ford Motor Company, Daimler AG, Volkswagen AG, Stellantis NV, Groupe Renault are the main companies operating in the European van market.

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Europe Van Rental Market – Growth, Trends & Forecast (2022-2027)

Europe Van Rental Market – Growth, Trends & Forecast (2022-2027)

Market Review

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Market Review

Europe’s van rental market was valued at US$6.11 billion in 2021 and is expected to reach US$8.47 billion by 2027, implying a CAGR of 5.60% over the forecast period (2022 –2027).

The COVID-19 pandemic has had a mixed impact on the van rental market. With the halt in production of new vans by OEMs, the demand for vans to be used for various cargo and last mile deliveries has been met through the use of rental schemes in the European region. However, due to limited cash flow, people’s significant reluctance to use new rental services for existing vehicles has offset the positive impact of the pandemic.

However, increasing electrification has the potential to reduce van rental opportunities. The huge incentives offered by governments across the European region for the purchase of electric vehicles and commercial electric vehicles could potentially reduce the need for rental services if products are offered to buyers at a bargain price. This, in turn, can reduce market opportunities and slow down market growth.

In addition, European van rental companies mainly cater to tourists who want to explore destinations at their convenience, while online and no-stop booking services make van rental easier, more affordable and more efficient. Easing post-pandemic travel restrictions and increasing tourist influx to the market to create a positive outlook for the market over the forecast period.

Report scope

In general, renting a van means that the van is used for or by a person other than the owner of the vehicle, for an agreement and a fee. The scope of the report covers segmentation based on application type, booking type, rental duration, and country.

By type of application, the market is divided into leisure/tourism and business. By type of booking, the market is divided into offline and online. By terms of lease, the market is divided into short-term and long-term.

By country type, the market is divided into Germany, Great Britain, France, Spain, Italy, Belgium, the Netherlands, Austria, Ireland, Luxembourg and the rest of Europe. For each segment, the market size and forecast were made on the basis of value (billion US dollars).

Germany

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Key Market Trends

The business rental segment is expected to hold a major market share

The growth of commercial activity in the European region and the growing logistics sector are expected to support the growth of the van rental market in Europe during the forecast period. It is likely to continue rising over the forecast period as it helps European businesses meet the peaks and troughs of seasonal demand by providing the right vans to work on short notice, without any penalties or obligations.

Car rental companies usually serve customers who need a temporary vehicle, such as those who do not have a car, tourists from other cities, or owners of damaged or destroyed vehicles awaiting repairs or insurance claims. Also, with the growth of the logistics industry and the emergence of new e-commerce businesses, leasing is the best way for them to lower their initial investment in buying delivery vans.

Vans are used in several applications and segments of the European economy, such as construction, postal and courier services, law enforcement and light passenger transport. Demand has grown significantly due to logistics and last-mile delivery needs from e-commerce giants like Amazon expanding their fleet.

In addition, due to stringent emission regulations in the European Region, many companies are converting their fleets to electric. Several rental platforms are partnering with electric vehicle manufacturers to purchase vehicles for their fleets. For example,

• In October 2021, Europcar in the UK launched an intriguingly flexible car subscription service called DuoFlex, a subscription based on a minimum 28-day rental but also adding a second car for two days twice a month. DuoFlex was designed to take the focus off fleet planning, giving companies the flexibility to meet changing business mobility needs without the financial outlay.
• In July 2021, Arrival and LeasePlan announced that LeasePlan would be the preferred operational leasing partner for Arrival’s electric vans as part of its ambition is to achieve zero emissions from its financed fleet by 2030. The cooperation is based on 3000 vehicles. first purchase, the sales contract must be concluded in the third quarter of 2021.
• In June 2021, Enterprise Rent-A-Car UK Enterprise Flex-E-Rent added 100 plug-in electric vans to its rental fleet. The electric vans will be available for daily rentals as well as long-term flexible rentals at 14 Enterprise Flex-E-Rent depots in the South of England and the Midlands.

In addition, the booming and growing e-commerce market in Europe is pushing the demand for a more modern distribution network that is growing as the e-commerce business expands in Europe, which in turn increases the demand for business van rentals. goals.

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The UK is expected to play an important role in the market

Compared to the same period in 2020, van rental bookings rose parabolically in November, according to a financial service provider. This is due in part to an increase in “holiday demand” for larger vehicles as customers plan family vacations, as well as an increase in rented vans to meet home delivery needs, the financial services provider said. The shortage of semiconductors is limiting new cars available in the UK market, forcing Britons to rent cars that are larger or more reliable than their current cars, they said.

The van rental sector also experienced a winter boom, for which Volkswagen Financial Services blames customers who buy Christmas gifts online. The global chip shortage is also impacting the van industry, according to a business that claims rental cars are helping fleet operators expand their ranks to meet growing demand.

The UK van rental market is well represented by key players such as Enterprise, Europcar, Hertz, Avis Budget and others. For example, in January 2022 in the United Kingdom, the London Electric Vehicle Company (LEVC) entered into a new relationship with Europcar to supply a fleet of 100 electric vans. The LEVC VN5 is now available at Europcar Vans and Trucks rental locations in eleven cities. The LEVC van can be rented from Europcar offices and the agreement is part of Europcar’s One Sustainable Fleet initiative, which focuses on clean air areas that are becoming more common in UK cities.

Based on the above factors, the UK expected significant growth over the forecast period.

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Competitive environment

The van rental market in Europe is a moderately consolidated market with key players such as Hertz Global Holdings Inc, Enterprise Holdings Inc, Europcar mobile, Fraikin SA, Lease Pln, Sixt SE etc. and some local players present. These players are active in the market and are focused on developing growth strategies such as fleet expansion, cooperation agreements, etc. to increase their significant market share. For example,

• In April 2021, the Europcar Mobility Group entered into a strategic partnership with FREE2MOVE – STELLANTIS GROUP as part of the Connected Cars programme. This provides direct access to vehicle data to improve the customer experience and fleet management capabilities. As part of this international partnership, Free2Move will offer the Group unified access to vehicle telemetry data such as fuel level, geolocation, mileage and maintenance alerts in accordance with data protection regulations.
• In September 2020, Chronopost, the French specialist for the fast delivery of parcels weighing less than 30 kg, renewed its trust in FRAIKIN, its longtime partner. The supplier company has been commissioned by an inventive leader in industrial and commercial vehicle management to provide more than a hundred electric vehicles. Two partners chose the Nissan brand, the world leader in all-electric mobility, and converted it into a Voltia van.

Major Players

1. Hertz Global Holdings Inc

2. Enterprise Holdings Inc.

3. Lease Plan Corporation

4. Europcar Mobility Group

5. Fraikin SAS

*Disclaimer: Major Players sorted in no particular order

Table of Contents

1. 0024

6. 2. RESEARCH METHODOLOGY

7. 3. EXECUTIVE SUMMARY

8. 4.1 Market Drivers

9. 4.2 Market Restraints

10. 4.3 Industry Attractiveness – Porter’s Five Forces Analysis

    1. 4.3.1 Threat of New Entrants

    2. 4.3.2 Bargaining Power of Buyers/Consumers

    3. 4.3.3 Bargaining Power of Suppliers

    4. 4.3.4 Threat of Substitute Products

    5. 0180

    6. 5.1 By Application Type

       1. 5.1.1 Leisure /Tourism

       2. 5.1.2 Business

    7. 0024

11. 5.3 By Rental Duration

    1. 5.3.1 Short-term

    2. 5.3.2 Long-term

    9015 4 902 4

    1. 5.4.1 Germany

    2. 5.4 .2 United Kingdom

    3. 5.4.3 France

    4. 5.4.4 Spain

    5. 5.4.5 Belgium

    90.4 Netherlands 153

    5.4.7 Austria

    6. 5. 4.8 Ireland

    7. 5.4.9 Luxembourg

    8. LANDSCAPE

       1. 6.1 Vendor Market Share

       2. 6.2 Company Profiles

          1. 6.2.1 Avis Budget Group Inc.

          2. 6.2.2 Enterprise Holdings Inc.

          3. 6.2.3 Europcar Mobility Group

          4. 6.2.4 Hertz Global Holdings Inc.

          5. 6.2.5 OK Mobility Group

          6. 6.2.6 Peugeot Europe

          8. 6.2.9 Euro Hire Drive

          9. 6.2.10 One Way Van

    9. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    You can also purchase parts of this report. Do you want to check out a section wise price list?

    Frequently Asked Questions

    What is the study period for this market?
    

    The European van rental market is being studied from 2018 to 2028.

    What is the growth rate of the van rental market in Europe?
    

    The European van rental market will grow at a CAGR of 5. 6% over the next 5 years.

    What is the size of the van rental market in Europe in 2018?
    

    The European van rental market is worth US$6 billion in 2018.

    What is the size of the van rental market in Europe in 2028?
    

    The European van rental market is valued at US$8 billion in 2028.

    Who are the key players in the van rental market in Europe?
    

    Hertz Global Holdings Inc., Enterprise Holdings Inc., Lease Plan Corporation, Europcar Mobility Group, Fraikin SAS are the largest companies operating in the van rental market in Europe.

    80% of our clients seek made-to-order reports. How do you
    want us to tailor yours?

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    Message

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    Thank you for your purchase. Your payment is successful. The Report will be delivered in 24 – 72 hours.