Global Car Rental Market Report: 2014 Edition – New Report by Koncept Analytics

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View Report Details Global Car Rental Market Report ----------------------------------------2014


View Report Details Executive Summary One of the industries which benefitted the most on account of improving world economy is car rental. Car rental is the hiring of a motor vehicle from one party to another party. Car rental companies are the ones which offer cars and vehicles on rent for a few hours to a few weeks, for a fee. These companies generally cater to the requirement of people or travelers who are travelling overseas or out of city or whose vehicle is damaged and repair/ insurance compensation is awaited. North America holds the largest market share of car rental industry which is one of the prominent regions wherein car rental service has flourished significantly. North America is followed by Europe which holds second largest share for car rental market. The emerging countries such as India, China are steadily growing in the car rental industry mainly due to growing demand in these countries. Increasing GDP levels, increasing volumes of both inbound and domestic tourists coupled with rise in disposable incomes and improving road infrastructure are factors driving the car rental industry. The emerging business class in India and China along with the green revolution in the automobile industry is further driving the car rental market. However, the volatility in petroleum product prices, along with high gasoline price, is expected to affect both consumers spending levels and economic conditions across the globe, thereby leaving a moderate impact on the global car rental industry. Other major challenge faced by the industry is tightening of emission standards in various parts of the world. The report, “Global Car Rental Market� analyzes the development of the global car rental market, with a focus on key markets of the US, Brazil, Korea, Indonesia and China. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry, Hertz Global Holdings, Inc., Avis Budget Group, Inc., and Enterprise Holdings, Inc., are being profiled, along with their key financials and strategies for growth. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.


Car rental agencies function by purchasing or leasing numerous fleet vehicles and renting them to their customers.… Global Car Rental Market Size (2008-2013)

 Global car rental market was valued at US$... billion in 2013, and has witnessed a CAGR of nearly ..% between 2008 and 2013.

US$ Billion

 The car rental market of the US stood at US$... billion in 2013, registering a CAGR of …% over a period spanning 10 years from 2003 to 2013.  The fleet size of the US car rental market in 2013 was … thousand cars, recording an increase of …% over the fleet size of … thousand cars in 2012.

2008

2009

2010

2011

2012

 The car rental industry of Brazil grew at a CAGR of …% over the period 2005-2013, and estimated to have reached US$... billion in 2013.

2013

 In unit terms, the car rental market of Brazil had … thousand vehicles in the fleet as of 2013. Brazil’s Car Rental Market (2005-2013E)

Billion

US$ Billion

The US Car Rental Revenues (2003-2013)

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2005 2006 2007 2008 2009 2010 2011 2012 2013E USD

BRL


North America holds the largest market share of car rental industry which is one of the prominent regions wherein car rental service has flourished significantly. Korean Car Rental Market (2008-2013)

 As of 2013, the Korean car rental market size is estimated as … vehicles and US$... billion in value.

US$ Billion

 The Indonesian car rental market has an estimated size of US$... billion in 2013 and has exhibited a CAGR of about …% since 2009. Leisure car rentals accounted for …% of the total value in 2013.  In 2013, the car rental industry in China generated US$... billion and is expected to grow at a five year CAGR of …% to reach US$... billion by 2018.

2008

2009

2010

2011

2012

 As of 2013, Europcar was the leading player in the European car rental industry with a share of …% followed by Avis Budget and Hertz with …% and …% respectively.

2013

 As of 2013, the Enterprise Holdings enjoyed the market leadership with a staggering .. % share in the US car rental market in revenue terms. Chinese Car Rental Market Size (2005-2013E)

US$ Billion

US$ Billion

Car Rental Market Value, Indonesia (2009-2013E)

2009

2010

2011

2012

2013E

2008

2013

2018E


The global car rental market is expected to grow on the back of factors including increasing GDP or the spending power of consumers; increasing internet penetration thereby leading to increase in online rental car booking; and rising travel and tourism internationally.

US$ Billion

Global Rental Car Market Forecast (2013-2017E)

2013

2014E

2015E

2016E

2017E

The global car rental market was valued nearly at US$... billion in 2013, and is likely to grow to US$... billion by 2017 with a CAGR of …%

The global GDP is directly proportional to global car rental market. The rising GDP per capita depicts the higher spending power and more travel activity, thus contributing to the rental car market.

Increasing number of internet users are fueling growth in car rental market as they are having a strong impact on online rental car bookings.

The overseas tourist arrivals are highly correlated to the car rental market revenues as choosing unique car rental services while traveling to a new place has become a major trend among travelers across the globe.


View Report Contact Us:Details These are abridged and sanitized sample pages from the comprehensive report on the “ Global Car Rental Market ”. To know more about this report or for any customized research requirement, please contact the following:

Koncept Analytics

Vikas Gupta BD Manager

CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com

www.konceptanalytics.com


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