Small Electric Vehicle Rental Market Synopsis

Small Electric Vehicle Rental Market Size Was Valued at USD 4.2 Billion in 2023, and is Projected to Reach USD 12.1 Billion by 2032, Growing at a CAGR of 14.2% From 2024-2032.

Small Electric Vehicle Rental facilitates enhanced vehicle utilization under the expert administration of fleet management systems. Rental companies can now offer comprehensive solutions to their clients by incorporating electronic payments, electric vehicles, and IoT (Internet of Things) devices, thereby obviating the necessity for insurance, repairs, and maintenance. Electric motors are quieter and better for the environment than hybrid or internal combustion engines.

• The operating an electric vehicle results in substantially reduced exhaust emissions, enabling us to safeguard the environment while maintaining the convenience associated with automobile transportation. Therefore, rentable electric vehicles are a fantastic option for eco-conscious individuals who wish to avoid contributing to environmental pollution while on the road.
• Green zones, established in numerous municipalities, enforce a ban on the operation of vehicles that release exhaust emissions. Due to their exemption from such regulations, electric vehicles are permitted to operate in environmentally delicate regions. Zones for Clean Transport are such localities. Even though their number is comparatively lower in Poland than in other countries and drivers of internal combustion vehicles present law enforcement with formidable resistance, several municipalities have declared their intention to establish such zones shortly.

Small Electric Vehicle Rental Market Trend Analysis

New Trend of Rental Commodities Among Large Pollution

• The emergence of a new trend in the rental market is witnessing a surge, particularly in the realm of small electric vehicles. This trend reflects a growing awareness of environmental concerns, with consumers opting for eco-friendly transportation solutions. Large cities, often grappling with pollution challenges, are at the forefront of this shift, as they seek to mitigate the environmental impact of traditional transportation methods. By embracing rental commodities such as electric vehicles, urban dwellers can contribute to reducing carbon emissions and fostering a more sustainable lifestyle.
• Furthermore, the rise of rental services for small electric vehicles signifies a paradigm shift in consumer behavior towards more flexible and cost-effective mobility options. This trend aligns with the broader sharing economy ethos, where individuals prioritize access over ownership. Renting electric vehicles not only offers convenience but also promotes the adoption of cleaner transportation alternatives on a larger scale. As urban populations continue to grow and environmental concerns become more pressing, the popularity of rental commodities like small electric vehicles is likely to persist, paving the way for a greener and more efficient urban transportation landscape.

Commercial Sector Presents Growth Opportunity

• The commercial sector offers a promising avenue for the expansion of small electric vehicle rental services. With the growing emphasis on sustainability and eco-conscious practices, businesses are increasingly seeking greener transportation options to fulfill their operational needs.
• Small electric vehicles provide an efficient and environmentally friendly solution for short-distance travel within urban areas, making them attractive to businesses looking to reduce their carbon footprint. Additionally, the convenience and cost-effectiveness of rental services appeal to businesses that may not want to invest in a fleet of electric vehicles outright, further driving demand in the commercial sector.
• By targeting the commercial sector, small electric vehicle rental companies can tap into a vast market of businesses ranging from delivery services and logistics to hospitality and tourism. These businesses often require reliable transportation for their daily operations, presenting a consistent and potentially lucrative market for rental services.
• Moreover, as regulations and consumer preferences continue to favor sustainable practices, the demand for electric vehicle solutions in the commercial sector is likely to see steady growth, providing ample opportunities for rental companies to expand their operations and establish themselves as key players in the market.

Small Electric Vehicle Rental Market Segment Analysis:

The Small Electric Vehicle Rental Market is Segmented based on vehicle type, category, and Rental Length.

By vehicle Type, Battery segment is expected to dominate the market during the forecast period

• Battery small electric vehicle rental refers to the provision of rental services for compact electric vehicles powered by batteries. These vehicles are designed for short-distance travel within urban areas and are typically used for tasks such as commuting, delivery services, or leisure activities. The rental model allows individuals or businesses to access these vehicles temporarily, without the need for ownership or long-term commitment.
• This niche in the rental market caters to the increasing demand for sustainable transportation options, as battery-powered electric vehicles produce zero emissions during operation. By offering rental services specifically for these small electric vehicles, companies can target urban dwellers, businesses, and tourists who prioritize eco-friendly and cost-effective transportation solutions. Additionally, the rental model provides flexibility and convenience, allowing users to access electric vehicles as needed without the burden of maintenance, insurance, or depreciation costs associated with ownership. Overall, battery small electric vehicle rental represents a promising and growing sector within the broader electric vehicle market, driven by sustainability concerns and the need for efficient urban mobility solutions.

By Category, Luxury segment held the largest share in 2023

• Luxury small electric vehicle rental services cater to a niche market of discerning customers who prioritize style, comfort, and sustainability in their transportation choices. These services offer high-end electric vehicles equipped with luxurious amenities and advanced technology, providing an upscale and eco-friendly alternative to traditional car rentals. The target clientele often includes affluent travelers, urban dwellers, and those seeking unique and memorable experiences.
• Luxury small electric vehicle rental companies differentiate themselves by offering premium customer service, personalized experiences, and exclusive access to top-of-the-line electric vehicles, such as sleek electric sports cars or stylish electric city cars. These vehicles not only provide an eco-conscious transportation option but also appeal to individuals who value luxury and prestige. Additionally, by embracing electric vehicles, these rental services contribute to reducing carbon emissions and promoting sustainable mobility practices within the luxury segment of the transportation industry. Overall, luxury small electric vehicle rental services cater to a sophisticated clientele seeking both opulence and environmental responsibility in their travel experiences.

Small Electric Vehicle Rental Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The dominance of Asia Pacific in the small electric vehicle rental market reflects several key factors driving its growth in the region. Rapid urbanization, population growth, and increasing concerns about air pollution and congestion have spurred the adoption of electric vehicles as a sustainable transportation solution in many Asian countries. Government incentives and initiatives promoting electric mobility, such as subsidies, tax breaks, and infrastructure development, further encourage the uptake of electric vehicles, including those for rental purposes.
• Moreover, the dense urban landscapes and short commuting distances in many Asian cities make small electric vehicles particularly well-suited for local transportation needs. These vehicles offer efficient and cost-effective mobility solutions, especially in congested urban areas where parking space is limited and traffic congestion is a common issue. Additionally, the rising trend of shared mobility and the popularity of ride-hailing services in the Asia Pacific create a conducive environment for the growth of small electric vehicle rental services, as they offer convenient alternatives to traditional car ownership.
• Furthermore, the increasing awareness of environmental sustainability and the growing middle-class population with disposable income in countries like China, India, and Southeast Asian nations contribute to the rising demand for electric vehicles, including rental services. With these favorable market conditions and supportive government policies, Asia Pacific is poised to maintain its dominance in the small electric vehicle rental market over the forecast period, presenting significant opportunities for companies operating in the region.

Active Key Players in the Small Electric Vehicle Rental Market

• Avis Budget Group Inc
• BlueIndy LLC
• Enterprise Holdings Inc.
• ER Travel Services Ltd.
• Europcar Mobility Group SA
• Fleetdrive Management Ltd.
• Green Motion International
• SIXT
• The Hertz Corporation
• Wattacars, and Other key players

1. INTRODUCTION
   1. SEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. SMALL ELECTRIC VEHICLE RENTAL MARKET BY VEHICLE TYPE (2017-2032)
   1. SMALL ELECTRIC VEHICLE RENTAL MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BATTERY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. HYBRID
   5. PLUG-IN ELECTRIC VEHICLE
7. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. SMALL ELECTRIC VEHICLE RENTAL Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. AVIS BUDGET GROUP INC
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. BLUEINDY LLC
   4. ENTERPRISE HOLDINGS INC.
   5. ER TRAVEL SERVICES LTD.
   6. EUROPCAR MOBILITY GROUP SA
   7. FLEETDRIVE MANAGEMENT LTD.
   8. GREEN MOTION INTERNATIONAL
   9. SIXT
   10. THE HERTZ CORPORATION
   11. WATTACARS
8. GLOBAL SMALL ELECTRIC VEHICLE RENTAL MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Vehicle Type
      4. Historic And Forecasted Market Size By Category
      5. Historic And Forecasted Market Size By Rental Length
      6. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors and Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
9. INVESTMENT ANALYSIS
10. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SMALL ELECTRIC VEHICLE RENTAL MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SMALL ELECTRIC VEHICLE RENTAL MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SMALL ELECTRIC VEHICLE RENTAL MARKET COMPETITIVE RIVALRY
TABLE 005. SMALL ELECTRIC VEHICLE RENTAL MARKET THREAT OF NEW ENTRANTS
TABLE 006. SMALL ELECTRIC VEHICLE RENTAL MARKET THREAT OF SUBSTITUTES
TABLE 007. SMALL ELECTRIC VEHICLE RENTAL MARKET BY VEHICLE TYPE
TABLE 008. BATTERY MARKET OVERVIEW (2016-2028)
TABLE 009. HYBRID MARKET OVERVIEW (2016-2028)
TABLE 010. PLUG-IN ELECTRIC VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 011. SMALL ELECTRIC VEHICLE RENTAL MARKET BY CATEGORY
TABLE 012. LUXURY MARKET OVERVIEW (2016-2028)
TABLE 013. ECONOMY CARS MARKET OVERVIEW (2016-2028)
TABLE 014. SMALL ELECTRIC VEHICLE RENTAL MARKET BY RENTAL LENGTH
TABLE 015. SHORT TERM MARKET OVERVIEW (2016-2028)
TABLE 016. LONG TERM MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 018. NORTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY CATEGORY (2016-2028)
TABLE 019. NORTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY RENTAL LENGTH (2016-2028)
TABLE 020. N SMALL ELECTRIC VEHICLE RENTAL MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE SMALL ELECTRIC VEHICLE RENTAL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 022. EUROPE SMALL ELECTRIC VEHICLE RENTAL MARKET, BY CATEGORY (2016-2028)
TABLE 023. EUROPE SMALL ELECTRIC VEHICLE RENTAL MARKET, BY RENTAL LENGTH (2016-2028)
TABLE 024. SMALL ELECTRIC VEHICLE RENTAL MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC SMALL ELECTRIC VEHICLE RENTAL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 026. ASIA PACIFIC SMALL ELECTRIC VEHICLE RENTAL MARKET, BY CATEGORY (2016-2028)
TABLE 027. ASIA PACIFIC SMALL ELECTRIC VEHICLE RENTAL MARKET, BY RENTAL LENGTH (2016-2028)
TABLE 028. SMALL ELECTRIC VEHICLE RENTAL MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY CATEGORY (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY RENTAL LENGTH (2016-2028)
TABLE 032. SMALL ELECTRIC VEHICLE RENTAL MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 034. SOUTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY CATEGORY (2016-2028)
TABLE 035. SOUTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET, BY RENTAL LENGTH (2016-2028)
TABLE 036. SMALL ELECTRIC VEHICLE RENTAL MARKET, BY COUNTRY (2016-2028)
TABLE 037. SIXT: SNAPSHOT
TABLE 038. SIXT: BUSINESS PERFORMANCE
TABLE 039. SIXT: PRODUCT PORTFOLIO
TABLE 040. SIXT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. ER TRAVEL SERVICES LTD: SNAPSHOT
TABLE 041. ER TRAVEL SERVICES LTD: BUSINESS PERFORMANCE
TABLE 042. ER TRAVEL SERVICES LTD: PRODUCT PORTFOLIO
TABLE 043. ER TRAVEL SERVICES LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. EUROPCAR MOBILITY GROUP SA: SNAPSHOT
TABLE 044. EUROPCAR MOBILITY GROUP SA: BUSINESS PERFORMANCE
TABLE 045. EUROPCAR MOBILITY GROUP SA: PRODUCT PORTFOLIO
TABLE 046. EUROPCAR MOBILITY GROUP SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. FLEETDRIVE MANAGEMENT LTD: SNAPSHOT
TABLE 047. FLEETDRIVE MANAGEMENT LTD: BUSINESS PERFORMANCE
TABLE 048. FLEETDRIVE MANAGEMENT LTD: PRODUCT PORTFOLIO
TABLE 049. FLEETDRIVE MANAGEMENT LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. GREEN MOTION INTERNATIONAL: SNAPSHOT
TABLE 050. GREEN MOTION INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 051. GREEN MOTION INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 052. GREEN MOTION INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. AVIS BUDGET GROUP INC: SNAPSHOT
TABLE 053. AVIS BUDGET GROUP INC: BUSINESS PERFORMANCE
TABLE 054. AVIS BUDGET GROUP INC: PRODUCT PORTFOLIO
TABLE 055. AVIS BUDGET GROUP INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. BLUEINDY LLC: SNAPSHOT
TABLE 056. BLUEINDY LLC: BUSINESS PERFORMANCE
TABLE 057. BLUEINDY LLC: PRODUCT PORTFOLIO
TABLE 058. BLUEINDY LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ENTERPRISE HOLDINGS INC: SNAPSHOT
TABLE 059. ENTERPRISE HOLDINGS INC: BUSINESS PERFORMANCE
TABLE 060. ENTERPRISE HOLDINGS INC: PRODUCT PORTFOLIO
TABLE 061. ENTERPRISE HOLDINGS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. THE HERTZ CORPORATION: SNAPSHOT
TABLE 062. THE HERTZ CORPORATION: BUSINESS PERFORMANCE
TABLE 063. THE HERTZ CORPORATION: PRODUCT PORTFOLIO
TABLE 064. THE HERTZ CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. WATTACARS: SNAPSHOT
TABLE 065. WATTACARS: BUSINESS PERFORMANCE
TABLE 066. WATTACARS: PRODUCT PORTFOLIO
TABLE 067. WATTACARS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 068. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 069. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 070. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 012. BATTERY MARKET OVERVIEW (2016-2028)
FIGURE 013. HYBRID MARKET OVERVIEW (2016-2028)
FIGURE 014. PLUG-IN ELECTRIC VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 015. SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY CATEGORY
FIGURE 016. LUXURY MARKET OVERVIEW (2016-2028)
FIGURE 017. ECONOMY CARS MARKET OVERVIEW (2016-2028)
FIGURE 018. SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY RENTAL LENGTH
FIGURE 019. SHORT TERM MARKET OVERVIEW (2016-2028)
FIGURE 020. LONG TERM MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA SMALL ELECTRIC VEHICLE RENTAL MARKET OVERVIEW BY COUNTRY (2016-2028)