Car Rental Global Market Report Top Companies and Crucial
September 14, 2020
Car Rental Global Market Report Top Companies and Crucial Challenges
Latest market research report on Global Car Rental Market published by Global Market Monitor, offers updated COVID-19 Impacts on global or regional Car Rental market.
The global car rental market is expected to reach $91 billion by 2025. North America accounts for more than 50.0% of the overall market share in terms of total global revenue. The number of leisure and business trips is increasing across the region, which is one of the major factors influencing the growth of the market in the region. Moreover, the shifting consumer preference for car rental services and the emergence of prominent service providers in the region, such as Avis Budget Group and Enterprise Rent-a-Car, are expected to accelerate the revenue generation prospects. Asia Pacific is expected to be the fastest growing regional market, which has witnessed considerable economic growth and improved road infrastructure over the past few years. Moreover, the increasing availability of high-end luxury and economy vehicles, especially in developing countries, has provided a major boost to the car rental industry in the region. Owing to the cost-sensitive nature of the economy, a large portion of the market’s revenue comes from low-budget rentals. Moreover, the trend of self-driving car rentals is expected to gain traction in the region in the coming years.
Car Rental is a transportation service industry that controls corporate costs by leasing cars instead of buying them because there is no insurance, no annual inspection or maintenance, and the models can be replaced at will.
The rise in global travel activities will propel the industry’s growth. Improving road infrastructure and increasing disposable income, especially in emerging economies, has led to an increasing frequency of leisure and business travel, which further drives the market. Technological advancement is a key element driving the market growth. Increasing adoption of information technology is transforming the industry and enabling operators to provide better services to their customers. This includes the use of optimized company and customer information management and the development of convenient internet booking applications.
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Competitive Landscape Important players profiled in the global Car Rental market include: Island Car Rental Hertz National Car Rental Trust Middle East Car Rental Value Car Rental Dollar Thrifty Automotive Group E-Z Rent-A-Car Midway Car Rental Advantage Rent a Car Avis Budget Eco Rent-A-Car Europcar Fox Rent-A-Car Sixt Hermes Rent a Car Payless Car Rental Carzonrent Irish Car Rental Movida Rent A Car Enterprise Holding
Application Outline: Airport Transport Local Transport Outstation Transport
Type Synopsis: Economy Cars Executive Cars Luxury Cars SUV Cars MUV Cars
Table of Content 1 Report Overview 1.1 Product Definition and Scope 1.2 PEST (Political, Economic, Social and Technological) Analysis of Car Rental Market … 2 Market Trends and Competitive Landscape 3 Segmentation of Car Rental Market by Types 4 Segmentation of Car Rental Market by End-Users 5 Market Analysis by Major Regions 6 Product Commodity of Car Rental Market in Major Countries 7 North America Car Rental Landscape Analysis 8 Europe Car Rental Landscape Analysis 9 Asia Pacific Car Rental Landscape Analysis 10 Latin America, Middle East & Africa Car Rental Landscape Analysis 11 Major Players Profile …
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Analyzed Regions Outlook North America (U.S., Canada, Mexico) Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe) Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific) Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries) Others
Target Audience for this Report • Car Rental manufacturers • Car Rental traders, distributors, and suppliers • Car Rental industry associations • Product managers, Car Rental industry administrator, C-level executives of the industries • Market Research and consulting firms • Research & Clinical Laboratories
Key questions answered in the report What will the market size and growth rate be in 2026? What segment or region will drive or lead market growth and what are the reasons? How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends? What key strategies are used by top vendors to increase revenue?
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