Albany, NY -- (SBWIRE) -- 01/27/2016 -- Car rental services refers to giving a car on rent for a particular period of time depending upon the customer requirement. Market include the service provider (who gives car on rents) and a consumer (who takes car on rent). Both these entities connect through either online or offline platform. Target market of care rental service providers include business travellers, tourist and other travellers. Car pooling and car sharing has led to growth of car rental industry. In terms of revenue, global car rental market was valued at US$ 51.2 billion in 2014 and is estimated to be worth US$ 106 billion by 2020.
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