Singapore Car Rental and Leasing Market Trends 2023- Industry Share, Revenue, Growth Drivers, Business Challenges, Opportunities and Future Strategies Till 2033: SPER Market Research
The rising expense of owning and maintaining a car in Singapore has created demand for alternative cost-effective modes of transportation. The rise of auto-hailing mobile app services has substantially altered the country’s car availability. As the population develops, so does the need for transportation from one location to another. Some people may not own a car at all or may need a second vehicle for a special occasion. As a result, there is a greater demand for automobile leasing and rental services, which allow clients to borrow cars for predetermined periods of time.