Car Rental Market - Industry analysis, Trends, Estimation & Forecast, 2016 - 2024

November 2017

 ERC 4762

A car rental is a company that rents automobiles for short periods of time, generally ranging from a few hours to a few weeks. In the current scenario, online car booking is the most preferred options to travel, as cars are the most economical and fast mode of transportation. This emerging trend has promoted the growth of car rental industry at an exponential rate. The growth of car rental market is primarily driven by rising global tourism industry, increasing globalization of corporate operations and increasing income levels across the globe. Moreover, increasing disposable income in developing countries, investment by global funds and players opting for aggregator based business model are some other major factors driving the market growth. However, a hike in crude oil prices might hamper the growth of car rental market. On the other hand, technological advancements along with the expansion and merger & acquisition are some major strategies adopted by the key market players of car rental market.

Research Objective

• To define the scope and simplify the research study based on type, rental category and geography.
• Estimate the current market size and forecast the same for the period (2017-2024).
• Market share by revenue for each segment and region analyzed.
• To provide insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the forecast period.
• Micro and macro level analysis of the market to elucidate lucrative investment opportunities.
• Porter’s five forces analysis to deliver a comprehensive buyer-seller scenario and the state of business environment.
• Identification of the car rental market trends in current scenario and its growth indicators.
• Benchmarking leading vendors in the car rental industry based on their strategic attempts, financial status, and other internal and external parameters.

MARKET SEGMENTATION

By Type

• Economical Car
• Sports Utility Vehicle (SUV)
• Multi Utility Vehicle (MUV)
• Luxury Car
• Executive Car

By Rental Category

• Local Usage
• Outstation
• On Airport
• Off Airport
• Others

By Geography

• North America
   o U.S.
  o Canada
  o Mexico

• Europe

  o Germany
  o France
  o Italy
  o UK
  o Rest of Europe

• Asia-Pacific

  o China
  o South Korea
  o Japan
  o India
  o Rest of Asia-Pacific

• Rest of the World

  o Latin America
  o Middle East
  o Africa

Offered Customization

For this specific report, we offer 20% of free customization in order to deliver a tailored research report that specifically covers areas of client’s interest in the car rental market. Following are some most desired customization offers on this report:

Geographical Customization

• Split of the regional market into specific countries as per client’s research requirements.
• Further breakdown of the major segments into sub-segments (as per request).

Vendor Profile Customization

• Further exhaustive analysis of additional companies operating in the market as per request.

Distinctive Requirements

• Research report on car rental market covering specific country/region only.
• Requests for data tables only (specific requirement to quantitative research).

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    What Information does this report contain?

    • What was the market size of the Car Rental Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Car Rental Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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