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Car Rental MarketGlobal Car Rental market is projected to grow at a CAGR of 9.18% during the forecast period to reach US$106.211 billion by 2022, increasing from US$68.463 billion in 2017. Growing global travel and tourism industry is the major driver of car rental market worldwide.
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Rising disposable income coupled with the development of road infrastructure and growth of megacities, especially in emerging countries such as Australia, Brazil, China, and India is augmenting the demand for rental cars owing to increasing number of leisure and business trips. Improving internet connectivity is contributing to the emerging trend of customization of travel trips and online reservations and bookings, thereby propelling the growth of the global car rental market. Technological advancements in telematics solutions and navigation functionalities are leading automobile manufacturers to offer various innovative web-based in order to facilitate the integration of devices such as smartphones with cars.
Among car type, economy cars dominate the global car rental market owing to their cost effectiveness. However, MUVs will witness a significant growth due to emerging trend of carpooling and car sharing services. Geographically, North America held the largest share of global market in 2015 due to the presence of key market players such as Hertz, Avis Budget Group, and Enterprise Holdings and a high number of business activities along with a high number of tourists in the region and growing awareness about carpooling services. APAC region will witness the fastest regional market growth during the forecast period as rising middle-class population is leading to significant increase in air travel, providing an opportunity for key players in the car rental market to offer services across all major airports in the region. Moreover, rising number of both international and domestic tourists coupled with increasing number of internet users to carry out online travel bookings is boosting the growth of APAC car rental market.
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Research Methodology
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Market Dynamics
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry and regional regulations which are determining the product specifications and a brief technological aspect of car rental industry. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
Thirdly, Global Car Rental market has been segmented on the basis of car type as economy cars, luxury cars, executive cars, SUVs, and MUVs. The market has also been segmented mode of booking as online and offline. By rental category, segmentation has been done as local transport, airport transport, outstation transport, and others. Geographically, segmentation has been done as Americas, Europe Middle East and Africa, and others.
Market Players
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants profiled as part of this section are Hertz, Europcar, Avis Budget, Sixt, Carzonrent, Six Rent A Car, Enterprise Rent-A-Car, Enterprise Holding, Irish Car Rental, and Trust Middle East Car Rental.
Luxury Car Rental Market
This report studies the Luxury Car Rental market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Luxury Car Rental market by product and Application/end industries. The global Luxury Car Rental market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
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The Asia-Pacific will occupy for more market share in following years, especially in China, also fast-growing India and Southeast Asia regions. United States will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Luxury Car Rental.
EU also play important roles in global market, with market size of xx million USD in 2016 and will be xx million USD in 2022, with a CAGR of XX.
The major players in global market include
Sixt
Europe Luxury Car Hire
Elite Rent-a-Car
Auto Europe
Hertz
Ape Luxury Car Hire
Argus Car Hire
Avis Europe Inc
Enterprise
Nova Car
Thrifty Rental Car
Europcar
Kemwel
Renault Eurodrive
Advantage
Alamo
Dollar
National
Europe by Car
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Geographically, this report split global into several key Regions, with, revenue (million USD), market share and growth rate of Luxury Car Rental for these regions, from 2012 to 2022 (forecast)
United States
EU
Japan
China
India
Southeast Asia
On the basis of product, the Luxury Car Rental market is primarily split into
Luxury
Super Sport Car
Other
On the basis on the end users/Application, this report covers
Travel
Business
Other
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Major Points from TOC:
Chapter One: Industry Overview
Chapter Two: Global Luxury Car Rental Competition Analysis by Players
Chapter Three: Company (Top Players) Profiles and Key Data
Chapter Four: Global Luxury Car Rental Market Size by Product and Application (2012-2017)
Chapter Five: United States Luxury Car Rental Development Status and Outlook
Chapter Six: EU Luxury Car Rental Development Status and Outlook
Chapter Seven: Japan Luxury Car Rental Development Status and Outlook
Chapter Eight: China Luxury Car Rental Development Status and Outlook
Chapter Nine: India Luxury Car Rental Development Status and Outlook…Continued
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