Car Rental Market

Page 1

Car Rental Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com

Car Rental Market 2019-2024

sales@industryarc.com

01


Industry Market Research for Business Leaders, Strategists, Decision Makers

Press Release

The rise in the disposable income of the people and the growth prospects in the travel and tourism industry are factors that are creating a myriad of opportunities in the global car rental market. This resonates with the global car rental market that had a market size of $64.47 billion as of 2018, and the demand for rental cars is poised to grow at an impressive compound annual growth rate (CAGR) of 11.53% during the forecast period of 2019 to 2025, according to a market intelligence report by IndustryARC’s analyst. The report is titled “Car Rental Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019 – 2024)”. The report also documents that the increasing demand for internet and smartphone amongst people has increased the market value of the global car rental market. The market is also influenced by various strategic moves made by the existing market players to sustain their positions in the market, which is posing as a threat for new entrants. Global Car Rental Market: Demand Analysis and Growth Forecast Car rental is the service companies that rents automobiles as per the demand from the people. They operate by providing services through fleet vehicles and by renting them to their customers. However, these cars are also known as risk vehicles, as the owner of the car is taking a risk by handing over the car to someone else for a short period of time. Global Car Rental Market: Leading Segments North America had dominated the global market with the regional share of 29.98% as of 2018 as per the findings by the IndustryARC’s analysts. The increasing demand by the customers and investments and by the potential investors have created a huge demand for the North America global car rental market. The major factor that has influenced the market growth is the increasing international tourism as the visitors that tour the cities in North America opt for a rental car, which instills a flexible touring schedule in their itinerary. Furthermore, moderate prices of the leasing or rental services has also led to the rising demand for cars on rent. This is because of the growing smartphone subscribers and easily accessible internet applications of these companies. Moreover, the key application segment of the global car rental market is the economical car and the executive car owing to the growing number of business trips. The growth opportunities for these applications are expected to grow at a remarkable CAGR of 12.72% during the forecast period. Global Car Rental Market: Market Trends and Growth Drivers ·

Green Car Rental Services

The environment is highly polluted due to an increasing number of vehicles on the road globally. But there are people trying to prevent the environment, and hence, green car rental services initiative is making strides as it is an eco-friendly service that has observed an increased car rental market revenue. ·

Value-for-Money Car Rental Services

One of the latest trends is of value-for-money car rental services. The major players are now focusing on providing services for the leisure market at an affordable price due to cut-throat competition. However, the small players are focusing on expanding geographical presence through online rental car booking services.

Car Rental Market

02


¡

Excursions with Car Rental Booking Services

In order to generate more demand in the market, the players are introducing a variety of options apart from the services that are rendered. This has provided people with choices based on the quality of cars or affordability, which is propelling the sales in the car rental market. ¡

Hire Hopping Services

Now that car rental services are used everywhere by everyone. The companies have even started providing hopping services for self-driving cars. The customers can pick-up from one point and can leave it at the second point. Later, they can pick-up another car from the third point and leave the car at the fourth point. These additional services instill a comfortable customer experience, and the trend is further flourishing the car rental market. Global Car Rental Market: Competitive Landscape Some of the key companies identified in the report that are currently holding majority shares in the global car rental market are Avis Budget Group Inc. , Eco Rent a Car, Advantage Rent-a-car, Enterprise Holdings Inc., GlobalCARS, U-save-Auto-Rental System, Ace Rent-a-car, Eco Rent a Car, Europcar, and Budget Rent A Car System, Inc. Talk to one of our sales representative about the full report by providing your details in the link below: https://industryarc.com/support.php?id=502138 Related Reports: a) GCC Car Rental Market https://industryarc.com/Research/GCC-Car-Rental-Market-Research-502419 b) Ride-Hailing Service Market https://industryarc.com/Research/Ride-Hailing-Service-Market-Research-502664 What can you expect from the report? The car rental market is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories & Application (Revenue & 2. Market trends & Relevant Market Data

11. Demand Analysis Volume) 12. Country level Analysis

3. Manufacturer Landscape

13. Competitor Analysis

4. Distributor Landscape

14. Market Shares Analysis

5. Pricing Analysis

15. Value Chain Analysis

6. Top 10 End user Analysis

16. Supply Chain Analysis

7. Product Benchmarking

17. Strategic Analysis

8. Product Developments Landscape 9. Mergers & Acquisition Analysis 10. Patent Analysis Analysis

Car Rental Market

18. Current & Future Market Analysis 19. Opportunity Analysis 20. Revenue and Volume

03


Frequently Asked Questions: Q. Does IndustryARC provide customized reports and charge additionally for limited customization? Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization: 1. Increase the level of data in application or end user industry. 2. Increase the number of countries in geography chapter. 3. Find out market shares for other smaller companies or companies which are of interest to you. 4. Company profiles can be requested based on your interest. 5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. To request for a proposal, provide your details in the below link: https://industryarc.com/reports/request-quote?id=502138 Media Contact:

Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare. References – 1. https://www.forbes.com/sites/christopherelliott/2018/09/23/car-rental-companiesare-in-a-transformative-stage-heres-what-it-means-for-you/#363081746dd5

Car Rental Market

04


Industry Market Research for Business Leaders, Strategists, Decision Makers

Table of Contents 1. Car Rental Market - Overview 1.1 Definitions and Scope 2. Car Rental Market - Executive summary 2.1 Market Revenue, Market Size and Key Trends by Company 2.2 Key Trends by type of Application 2.3 Key Trends segmented by Geography 3. Car Rental Market 3.1 Comparative analysis 3.1.1 Product Benchmarking - Top 10 companies 3.1.2 Top 5 Financials Analysis 3.1.3 Market Value split by Top 10 companies 3.1.4 Patent Analysis - Top 10 companies 3.1.5 Pricing Analysis 4. Car Rental Market - Startup companies Scenario 4.1 Top 10 startup company Analysis by 4.1.1 Investment 4.1.2 Revenue 4.1.3 Market Shares 4.1.4 Market Size and Application Analysis 4.1.5 Venture Capital and Funding Scenario 5. Car Rental Market - Industry Market Entry Scenario 5.1 Regulatory Framework Overview 5.2 New Business and Ease of Doing business index 5.3 Case studies of successful ventures 5.4 Customer Analysis - Top 10 companies 6. Car Rental Market Forces 6.1 Drivers 6.2 Constraints 6.3 Challenges 6.4 Porters five force model 6.4.1 Bargaining power of suppliers 6.4.2 Bargaining powers of customers 6.4.3 Threat of new entrants 6.4.4 Rivalry among existing players 6.4.5 Threat of substitutes 7. Car Rental Market -Strategic analysis 7.1 Value chain analysis 7.2 Opportunities analysis 7.3 Product life cycle 7.4 Suppliers and distributors Market Share 8. Car Rental Market - By Type Of Car (Market Size -$Million / $Billion) 8.1 Market Size and Market Share Analysis 8.2 Application Revenue and Trend Research 8.3 Product Segment Analysis 8.3.1 Luxury Car 8.3.2 Executive Car 8.3.3 Economical Car 8.3.4 Sport Utility Vehicle 8.3.5 Multi Utility Vehicle

Car Rental Market

05


9. Car Rental Market - By Rental Category(Market Size -$Million / $Billion) 9.1 On Airport 9.2 Off Airport 9.2.1 Local Usage Off Airport Car Rental 9.2.2 Outstation Off Airport Car Rental 9.2.3 Others Off Airport Car Rental 10. Car Rental - By Application (Market Size -$Million / $Billion) 10.1 Segment type Size and Market Share Analysis 10.2 Application Revenue and Trends by type of Application 10.3 Application Segment Analysis by Type 11. Car Rental- By Geography (Market Size -$Million / $Billion) 11.1 Car Rental Market - North America Segment Research 11.2 North America Market Research (Million / $Billion) 11.2.1 Segment type Size and Market Size Analysis 11.2.2 Revenue and Trends 11.2.3 Application Revenue and Trends by type of Application 11.2.4 Company Revenue and Product Analysis 11.2.5 North America Product type and Application Market Size 11.2.5.1 U.S 11.2.5.2 Canada 11.2.5.3 Mexico 11.2.5.4 Rest of North America 11.3 Car Rental- South America Segment Research 11.4 South America Market Research (Market Size -$Million / $Billion) 11.4.1 Segment type Size and Market Size Analysis 11.4.2 Revenue and Trends 11.4.3 Application Revenue and Trends by type of Application 11.4.4 Company Revenue and Product Analysis 11.4.5 South America Product type and Application Market Size 11.4.5.1 Brazil 11.4.5.2 Venezuela 11.4.5.3 Argentina 11.4.5.4 Ecuador 11.4.5.5 Peru 11.4.5.6 Colombia 11.4.5.7 Costa Rica 11.4.5.8 Rest of South America 11.5 Car Rental- Europe Segment Research 11.6 Europe Market Research (Market Size -$Million / $Billion) 11.6.1 Segment type Size and Market Size Analysis 11.6.2 Revenue and Trends 11.6.3 Application Revenue and Trends by type of Application 11.6.4 Company Revenue and Product Analysis 11.6.5 Europe Segment Product type and Application Market Size 11.6.5.1 U.K 11.6.5.2 Germany 11.6.5.3 Italy 11.6.5.4 France 11.6.5.5 Netherlands 11.6.5.6 Belgium 11.6.5.7 Denmark 11.6.5.8 Spain 11.6.5.9 Rest of Europe 11.7 Car Rental - APAC Segment Research 11.8 APAC Market Research (Market Size -$Million / $Billion) 11.8.1 Segment type Size and Market Size Analysis 11.8.2 Revenue and Trends 11.8.3 Application Revenue and Trends by type of Application

Car Rental Market

06


11.8.4 Company Revenue and Product Analysis 11.8.5 APAC Segment - Product type and Application Market Size 11.8.5.1 China 11.8.5.2 Australia 11.8.5.3 Japan 11.8.5.4 South Korea 11.8.5.5 India 11.8.5.6 Taiwan 11.8.5.7 Malaysia 11.8.5.8 Hong kong 11.8.5.9 Rest of APAC 11.9 Car Rental - Middle East Segment and Africa Segment Research 11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion) 11.10.1 Segment type Size and Market Size Analysis 11.10.2 Revenue and Trend Analysis 11.10.3 Application Revenue and Trends by type of Application 11.10.4 Company Revenue and Product Analysis 11.10.5 Middle East Segment Product type and Application Market Size 11.10.5.1 Israel 11.10.5.2 Saudi Arabia 11.10.5.3 UAE 11.10.6 Africa Segment Analysis 11.10.6.1 South Africa 11.10.6.2 Rest of Middle East & Africa 12. Car Rental Market - Entropy 12.1 New product launches 12.2 M&A s, collaborations, JVs and partnerships 13. Car Rental Market - Industry / Segment Competition landscape 13.1 Market Share Analysis 13.1.1 Market Share by Country- Top companies 13.1.2 Market Share by Region- Top 10 companies 13.1.3 Market Share by type of Application - Top 10 companies 13.1.4 Market Share by type of Product / Product category- Top 10 companies 13.1.5 Market Share at global level - Top 10 companies 13.1.6 Best Practises for companies 14. Car Rental Market - Key Company List by Country 15. Car Rental Market Company Analysis 15.1 Market Share, Company Revenue, Products, M&A, Developments 15.2 Avis Budget Group 15.3 Budget Rent A Car System, Inc 15.4 Carzonrent India Pvt Ltd 15.5 Eco Rent A Car 15.6 Enterpise Holding Inc 15.7 Europcar 15.8 Localiza 15.9 Sixt 15.10 The Hertz Corporation 15.11 Uber Technology Inc 15.12 Company 12 15.13 Company 13 & More *Financials would be provided on a best efforts basis for private companies 16. Car Rental Market - Appendix 16.1 Abbreviations 16.2 Sources 17. Car Rental Market - Methodology 17.1 Research Methodology 17.1.1 Company Expert Interviews 17.1.2 Industry Databases

Car Rental Market

07


17.1.3 Associations 17.1.4 Company News 17.1.5 Company Annual Reports 17.1.6 Application Trends 17.1.7 New Products and Product database 17.1.8 Company Transcripts 17.1.9 R&D Trends 17.1.10 Key Opinion Leaders Interviews 17.1.11 Supply and Demand Trends

Car Rental Market

08


Industry Market Research for Business Leaders, Strategists, Decision Makers

IndustryARC Solutions We cater to the pain points of our clients by providing the following solutions, which are targeted and address key issues specifically. Each of the business verticals is helpful to a client at various stages of their operational, managerial and strategic level plans. Syndicate Reports and Consulting (SRC) 1. Provide high quality analytical syndicated reports with key market insights, strategies and market forecasts for a specific industry or vertical of the clients. Constant tracking of industries and relations with experts helps us to predict and publish reports before our competitors as well as meet client needs proactively. Market Research and Data Analytics (MRDA) 2. Provide pure play data analytics services for ad-hoc and long-term engagement projects of clients with market research layered into the analysis. We are the only global company to offer this combination one-stop service to clients. Redundancies generally seen by procuring data, analytics services from multiple vendors is overcome by our solution. Competitive Landscape Analysis (CLA) 3. Provide company financial analysis, market share analysis, competitive landscape insights and market movements to clients. This is one of the most important pain point and key request from majority of our clients, for which we use our proprietary methodologies to provide accurate CLA data. Accelerated Business Development (ABD) 4. Connect clients with their customers on a global scale by acting as an outsourced sales team on behalf of the client. This is a unique tri-party engagement model to benefit the client and their customer, and acts as a business development scale up at an international level. Market Intel Reports (MIR) 5. Provide one-stop venue with a searchable syndicate reports database from global companies available to clients. This augments our offerings exponentially and also assists in studying global client needs at an in-depth level.

Car Rental Market

09


Industry Market Research for Business Leaders, Strategists, Decision Makers

About IndustryARC IndustryARC strategy studies primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals.

We Work for You For IndustryARC, we value every customer equally. We only stay ready to help each client in the best way possible with a unique 24x365 support plan. We suggest looking at the following benefits of relying on Professional Business Consulting and Custom Market Research Services to realize the unique strategic gains on offer: 1. 2. 3. 4. 5. 6. 7.

Strengthen and improve organizational performance Strategic planning and analysing Adoption of newer and cost-effective technologies Become environmentally sustainable and profitable Improve their training and certification procedures. Planning for business automation. Project facilitation and management.

Our Expertise Agriculture | Automotive | Energy and Power | Food & Beverage | Chemicals & Materials | Semiconductor & Electronics | Information Technology | Automation & Instrumentation Consumer Products & Services | Life Sciences and Healthcare

Car Rental Market

010


Car Rental Market

011


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.