Why Car Rental Market is set to double its business in the coming years?
Get PDF Sample Copy of this report: https://www.alliedmarketresearch.com/request-sample/2073 The growth of the global car rental market is majorly driven by development of the travel & tourism industry. Furthermore, rise in disposable income of people in countries such as the U.S., Germany, and Italy and enhanced road infrastructure is promoting the growth of the market. Increase in investment by global funds and players opting for aggregator-based business model further fueling the market growth. Automobile companies have developed green vehicles to control the rise in pollution level. Car rental industry contributes significantly in the reduction of the air pollution level.
Get PDF Sample Copy of this report: https://www.alliedmarketresearch.com/request-sample/2073
The growth of the global car rental market is majorly driven by development of the travel & tourism industry. Furthermore, rise in disposable income of people in countries such as the U.S., Germany, and Italy and enhanced road infrastructure is promoting the growth of the market. Increase in investment by global funds and players opting for aggregator-based business model further fueling the market growth. Automobile companies have developed green vehicles to control the rise in pollution level. Car rental industry contributes significantly in the reduction of the air pollution level.
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<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong><br />
<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong> by Type<br />
of <strong>Car</strong> (Luxury <strong>Car</strong>,<br />
Executive <strong>Car</strong>, Economical<br />
<strong>Car</strong>, Sports Utility Vehicle<br />
(SUV), and Multi Utility<br />
Vehicle (MUV)) and <strong>Rental</strong><br />
Category (On Airport and<br />
Off Airport (Local Usage,<br />
Outstation)) - Global<br />
Opportunity Analys<strong>is</strong> and<br />
Industry Forecast, 2014 -<br />
2022<br />
Get Sample PDF Copy of th<strong>is</strong> report: https://www.alliedmarketresearch.com/request-sample/2073<br />
For more <strong>in</strong>formation on th<strong>is</strong> report: https://www.alliedmarketresearch.com/car-rental-market
<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong><br />
Current and future <strong>Market</strong> Scenario<br />
• <strong>Car</strong> <strong>Rental</strong> <strong>Market</strong> <strong>is</strong> estimated <strong>to</strong> reach $164,335 million by 2022, states Allied <strong>Market</strong><br />
Research.<br />
• <strong>Car</strong> <strong>Rental</strong> <strong>Market</strong> will grow at a prom<strong>in</strong>ent CAGR of 11.6%.<br />
• The <strong>Car</strong> <strong>Rental</strong> <strong>Market</strong> was valued at $79,648 <strong>in</strong> 2015.<br />
• The Economical <strong>Car</strong> Segment <strong>is</strong> anticipated <strong>to</strong> dom<strong>in</strong>ate <strong>the</strong> market throughout <strong>the</strong> analys<strong>is</strong><br />
period.
<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong><br />
Fac<strong>to</strong>rs Contribut<strong>in</strong>g <strong>to</strong> <strong>Market</strong> Growth<br />
The growth of <strong>the</strong> global car rental market <strong>is</strong> majorly driven by development of <strong>the</strong> travel &<br />
<strong>to</strong>ur<strong>is</strong>m <strong>in</strong>dustry. Fur<strong>the</strong>rmore, r<strong>is</strong>e <strong>in</strong> d<strong>is</strong>posable <strong>in</strong>come of people <strong>in</strong> countries such as <strong>the</strong> U.S.,<br />
Germany, and Italy and enhanced road <strong>in</strong>frastructure <strong>is</strong> promot<strong>in</strong>g <strong>the</strong> growth of <strong>the</strong> market.
<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong><br />
<strong>Market</strong> Segments<br />
Type Of <strong>Car</strong><br />
Luxury <strong>Car</strong><br />
Executive <strong>Car</strong><br />
Economical <strong>Car</strong><br />
SUV<br />
Multi Utility Vehicle (MUV)<br />
<strong>Rental</strong><br />
Category<br />
On Airport<br />
Off Airport<br />
Local Usage<br />
Outstation<br />
Geography<br />
North America<br />
Europe<br />
Asia-Pacific<br />
LAMEA
<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong><br />
Dom<strong>in</strong>at<strong>in</strong>g Segments<br />
• By rental category, <strong>the</strong> car rental market <strong>is</strong> befitted <strong>in</strong><strong>to</strong> on-airport and off-airport. The off-airport<br />
category <strong>is</strong> fur<strong>the</strong>r divided <strong>in</strong><strong>to</strong> local usage, outstation, and o<strong>the</strong>rs.<br />
• The economical car segment accounted for <strong>the</strong> highest revenue <strong>in</strong> 2015, <strong>is</strong> anticipated <strong>to</strong> grow at a<br />
CAGR of 12.5%, ow<strong>in</strong>g <strong>to</strong> high rate of adoption of economy cars <strong>in</strong> <strong>the</strong> emerg<strong>in</strong>g economies of Asia-<br />
Pacific and LAMEA.<br />
• Asia-Pacific <strong>is</strong> anticipated <strong>to</strong> take over <strong>the</strong> major market share post 2017.
<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong><br />
Region Overview<br />
• Geographically, <strong>the</strong> market <strong>is</strong> analyzed across North America (U.S., Canada, and Mexico),<br />
Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (Ch<strong>in</strong>a, South Korea, Japan,<br />
India, and rest of Asia-Pacific), and LAMEA (Lat<strong>in</strong> America, Middle East, and Africa).<br />
• North America led <strong>the</strong> market, generat<strong>in</strong>g revenue of $32,248 million <strong>in</strong> 2015, and <strong>is</strong> projected<br />
<strong>to</strong> grow at a CAGR of 8.8%.
<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong><br />
Lead<strong>in</strong>g Players<br />
• The key players of <strong>the</strong> <strong>Car</strong> <strong>Rental</strong> <strong>Market</strong> are Av<strong>is</strong> Budget Group, Inc., <strong>Car</strong>zonrent India Pvt Ltd.,<br />
Enterpr<strong>is</strong>e Hold<strong>in</strong>gs Inc., Europcar, The Hertz Corporation, Sixt Rent a <strong>Car</strong>, Uber Technologies<br />
Inc., Localiza, Eco Rent a <strong>Car</strong>, Budget Rent a <strong>Car</strong> System Inc., German Rent a <strong>Car</strong>, Tempest <strong>Car</strong><br />
Hire, DTG Operations Inc. and Alamo.
“<br />
A report titled “<strong>Car</strong> <strong>Rental</strong> <strong>Market</strong>- Opportunities and Forecasts, 2014 – 2022” has<br />
been recently publ<strong>is</strong>hed by Allied <strong>Market</strong> Research. The report makes close<br />
observations of pipel<strong>in</strong>e structure for end-<strong>to</strong>-end <strong>Car</strong> <strong>Rental</strong> <strong>Market</strong> around <strong>the</strong><br />
world. It makes an <strong>in</strong>-depth analys<strong>is</strong> of current trends, drivers, and restra<strong>in</strong><strong>in</strong>g<br />
fac<strong>to</strong>rs that affect f<strong>in</strong>ancial ratios relevant <strong>to</strong> <strong>the</strong> <strong>in</strong>dustry. Company profiles for<br />
key vendors <strong>in</strong> <strong>bus<strong>in</strong>ess</strong> builds a comprehensive picture of profitable<br />
opportunities from stakeholder’s perspective.<br />
”<br />
To know more about <strong>the</strong> <strong>Car</strong> <strong>Rental</strong> <strong>Market</strong> - Opportunities and Forecasts, 2016 – 2022 report:<br />
https://www.alliedmarketresearch.com/car-rental-market<br />
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