Global Car Rental Market Size, Status and Forecast 2025

Published Date : Mar 2019 | No. of Pages : 97 Pages | Category : Consumer Goods

This report studies the global Car Rental market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Car Rental market by companies, region, type and end-use industry.

Car or vehicle rental service is relatively developed in the industrialized economies. A car rental, hire car, or car hire company provides vehicles on rent for short periods of time, generally ranging from a few hours to a few weeks. Car rental providers have a number of local branches and offices near airports, bus stops, railway station, and busy city areas. The key vendors that provide vehicle rental services mainly focus on customer's requirements, growth, innovation, and offers that attract customers and efficiency.
The impact of information technology in the industry has driven the transformation of the car rental services. The growing trend of using the Internet for customizing travel trips and online reservations & bookings is anticipated to propel the use of technology in the industry. The implementation of technology in these services makes the whole process safe, quick, reliable, and easy for consumers. In addition to this, the hassle-free process of online reservations and bookings increases convenience for both, the operators and customers.
One of the main challenges for car rental companies is to providesuperior customer service, especially when it comes to customer complaints. The dissatisfaction comes from different situations. From a lack of information on additional payments and excess amount, to waiting for hours in line to get the car they already booked.
North America dominated the car rental market in 2015 and occupied around 39% of the total market revenue. Much of this regions growth comes from the rise in accessibility and affordability of insurance and the growing popularity ofcar-sharing services. The increasing number of global tourists visitingCanada has also contributed to the rapid growth of the market. Factors such as an increase in business activities and growing awareness aboutcarpoolwill drive revenues in this region during the forecast period.
In 2017, the global Car Rental market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

This report focuses on the global top players, covered
Avis Budget
Enterprise Holding

Market segment by Regions/Countries, this report covers
United States
Southeast Asia

Market segment by Type, the product can be split into
Luxury Cars
Executive Cars
Economy Cars

Market segment by Application, split into
Local Usage
Airport Transport

The study objectives of this report are:
To study and forecast the market size of Car Rental in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Car Rental are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders
Car Rental Manufacturers
Car Rental Distributors/Traders/Wholesalers
Car Rental Subcomponent Manufacturers
Industry Association
Downstream Vendors

Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Car Rental market, by end-use.
Detailed analysis and profiles of additional market players.

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