Industry Research by Koncept Analytics
US Car Rental Market: Industry Analysis & Outlook ----------------------------------------(2017-2021) September 2017
U.S. Car Rental Market: Industry Analysis & Outlook (2017-2021)
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Executive Summary Car rental is a service in which cars are provided on rent to people who do not have access to their own cars, so that they can gain access to a car especially while travelling or during repair. Car rental companies rent automobiles for a short time span, ranging from few hours to few weeks. It assists people with temporary vehicle needs, who do not have their own vehicles or want to travel out-of-town or have damaged vehicle or waiting for fix/insurance compensation. These agencies also offer additional products like insurance, GPS navigation systems, music systems, Wi-Fi and child safety seats. The conditions for renting rental cars in the U.S. differs from company to company. Customer can rent a car online by visiting their website online, selecting a car they want on rent, selecting destination of pick up and drop off. An online payment facility is also provided to the customers. The U.S. car rental market is highly consolidated where the top three players accounted for majority of the of the market share. Also, the consolidation may increase in coming years as large firms acquire local firms to expand their portfolio of premium and value brands. The key factors driving growth of car rental market in the U.S. includes increasing travel expenditure, increasing tourist visits, growing urban population, rising internet penetration, rising population of HNWIs, growing economy, increasing air traffic, rising disposable income and increasing trend of leisure travel. The key trends and development of this market includes introduction of new technologies and increasing autonomous cars in the U.S. However, there are some factors that hinder growth of this market including high number of off-lease vehicles, growth of ride sharing market, over fleeting and heavy capital requirement in the market. The report “U.S. Car Rental Market: Industry Analysis & Outlook (2017-2021)� by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering U.S. market along with the global market. The report profiles the key players of the market including Enterprise Holdings, Hertz Global Holding and Avis Budget Group.
U.S. Car Rental Market: Industry Analysis & Outlook (2017-2021)
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Increasing travel expenditure and rising airport travel supported the growth of U.S. car rental market. Global Car Rental Market Forecast by Value (2017-2021)
US$ Billion
• The global car rental market is estimated to reach US$… billion in the year 2021, increasing from US$… billion in the year 2017, recording growth at a CAGR of ..% for the period spanning 2017-2021. • U.S. car rental market value is anticipated to reach US$...billion in the year 2021, increasing from US$...billion in the year 2017, recording growth at a CAGR of ..% for the period spanning 2017-2021. • The U.S. car rentals from airport locations accounted for …% of market and off-airport locations accounted for a share of …% in the year 2016. 2017
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2019
2020
2021
U.S. Car Rental Market Forecast by Value (2017-2021)
US$ Billion
U.S. Car Rental Market by Segment (2016)
On Airport 2017
2018
2019
2020
Off Airport
2021
U.S. Car Rental Market: Industry Analysis & Outlook (2017-2021)
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Rising lodging demand and strong economic growth will drive the car rental market in the U.S.
U.S. On Airport Car Rental Market Value Forecast (2017-2021)
US$ Billion
• In U.S., the car rental market from on-airport is estimated to reach US$.. billion in the year 2021, increasing from US$.. billion in the year 2017, recording growth at a CAGR of ..% for the period spanning 20172021. • The U.S. car rental market from off-airport is anticipated to reach US$.. billion in the year 2021, increasing from US$.. billion in 2017, growing at a CAGR of ..% for the period spanning 2017-2021.
2017
2018
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2020
• The U.S. car rental market volume is estimated to reach .. million in the year 2021, increasing from .. million in 2017, growing at a CAGR of ..% for the period spanning 2017-2021.
2021
U.S. Car Rental Market Volume Forecast (2017-2021)
Million
US$ Billion
U.S. Off Airport Car Rental Market Value Forecast (2017-2021)
2017
2018
2019
2020
2021
2017
U.S. Car Rental Market: Industry Analysis & Outlook (2017-2021)
2018
2019
2020
2021
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