Forecast 2018 – 2025 | Car Rental Industry By Top Key Players (Europcar, Avis Budget Group Inc., Enterprise Holdings Inc.) By Rental Category (Local Transport, Outstation Transport, Airport Transport) By Vehicle Type (Executive Cars, Economic Cars, Luxury Cars) and By Mode of Booking (Online Booking, Offline Booking) - Global Opportunity and Current Growth Analysis
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Product Code:
RP-ID-10078972 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
110 -
Category:
Automotive & Transportation -
Publisher:
Pub-ID-27
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global Car Rental Industry was valued at USD 35.5 Billion in the year 2017. Global Car Rental Industry is further estimated to grow at a CAGR of 14.17% from 2018 to reach USD 89.3 Billion by the year 2025. North America region holds the highest Industry share in 2017 whereas the Asia-Pacific Industry is considered as the fastest growing region in the forecasted period. At the country level, developed Industrys like the US with highest population base holds the notable Industry share in 2017 and it is projected to grow strongly in the coming years.
Amongst vehicle types such as Economy cars, Executive cars, Luxury cars and SUVs & MUVs, it is observed that the Economy cars segment because of the growing popularity and availability is expected to hold the highest Industry share during the forecasted period.
The Major Market Players in Car Rental Industry are Europcar, Avis Budget Group Inc., Enterprise Holdings Inc., Carzonrent India Pvt Ltd., The Hertz Corporation, Alamo, Sixt SE and other 13 companies brief information is provided in the report. The Hertz Corporation holding the substantial Industry share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Car Rental Industry Overview By Rental Category
Local Transport
Outstation Transport
Airport Transport
Others
Car Rental Industry Overview By Vehicle Type
Executive Cars
Economic Cars
Luxury Cars
Multi Utility Vehicles (MUVs)
Sports Utility Vehicles (SUVs)
Car Rental Industry Overview By Mode of Booking
Online Booking
Offline Booking
Car Rental Industry Overview By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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