Creative News Alert

Car rentals provide transportation services for short term duration and assist people in fulfilling their daily transportation needs. Car rentals are a cost-effective solution for business travelers, tourists and those requiring vehicles for a specific short period of time rather than purchasing or financing their own vehicles. The car rental industry benefits through increased business and leisure travel across various regions of the world. The global Car Rental Market is estimated to be valued at US$ 153.49 Mn in 2024 and is expected to exhibit a CAGR of 2.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving growth in the car rental market is the growing business travel and tourism industries globally. International travel and tourism is growing steadily, benefiting the car rental business. According to United Nations World Tourism Organization (UNWTO), international tour...

The electric powertrain incorporates electric motor, power electronics, and transmission and helps convert energy from external power supply into mechanical energy in electric vehicles. Growing demand for zero-emission and fuel-efficient vehicles coupled with stringent emission regulations imposed by regulatory bodies globally are anticipated to drive the demand for electric powertrains. Additionally, development of high-performance lithium-ion batteries with high energy density at affordable costs has facilitated automakers to adopt electric powertrains in their vehicles. The global Electric Powertrain Market is estimated to be valued at US$ 81.7 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Adoption of stringent emission regulations imposed by governmental organizations across the globe to curb carbon emissions is a key trend fueling the growth of ...