Multi utility vehicle (muv) rental strategic business report 2024: global market to grow by $14 billion by 2030, driven by integration of online booking platforms and mobile apps

Dublin, oct. 08, 2024 (globe newswire) -- the "multi utility vehicle (muv) rental - global strategic business report" report has been added to researchandmarkets.com's offering. the global market for multi utility vehicle (muv) rental was estimated at us$7.4 billion in 2023 and is projected to reach us$21.4 billion by 2030, growing at a cagr of 16.3% from 2023 to 2030. this comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. multi utility vehicles (muvs) have become increasingly popular due to their versatility, offering a blend of passenger comfort, cargo space, and off-road capability. this popularity has translated into a growing market for muv rentals, catering to consumers who need a vehicle that can handle a variety of tasks. with the rise of the sharing economy and changing consumer preferences, muv rentals are becoming an attractive alternative to car ownership, providing access to high-quality vehicles without the long-term financial commitment. how are industry trends shaping the muv rental market? the muv rental market is being shaped by several key industry trends, including the shift towards more sustainable transportation options and the integration of technology in rental services. as consumers become more environmentally conscious, rental companies are expanding their fleets to include hybrid and electric muvs, appealing to eco-friendly customers. additionally, the use of digital platforms for booking and managing rentals has streamlined the process, making it easier for consumers to select, reserve, and pay for vehicles online or via mobile apps.
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