DUBLIN – (COMMERCIAL THREAD)–The “Car Rental Market Research Report: By Vehicle Type, Channel, Purpose, Usage, Geographic Outlook – Global Industry Analysis and Forecast to 2024” the report was added to ResearchAndMarkets.com offer.
The World Travel and Tourism Council reported that in 2018, growth of 3.9% was recorded by the global travel and tourism industry. It created more than 319 million jobs worldwide and raised $ 8.8 trillion in 2018.
This massive growth of the industry has also spurred the growth of other related industries, such as car rental. Nowadays, tourists prefer to rent cars to explore a new place as it gives them the opportunity to plan their own route without worrying about depending on the public transport system.
With a CAGR of 7.9%, the car rental market is expected to generate sales of $ 122.6 billion in the coming years. Car rental services are offered through three different types of vehicles: luxury, executive and economy. During the period 2014-2018, the economy vehicle type was the most used for car rental services.
These cars are inexpensive and smaller in size and have a capacity of four to five people. Being smaller in size, these cars have a high fuel efficiency, making them a suitable option for rental services. Moreover, amid growing environmental concerns, these cars are in high demand as their impact on the environment is not as severe as other cars.
In the coming years, luxury cars are expected to experience faster growth in demand, as global disposable income improves. These cars offer superior performance and comfort and have a better configuration.
One of the key trends in the car rental market is the deployment of electric vehicles for rental purposes. As a result of growing concerns about vehicle emissions, governments in many countries are putting in place strict regulatory policies to reduce these emissions. From providing subsidies and incentives to raising awareness of the harmful effects of conventional energy sources on the environment, governments and various organizations are working to popularize the use of electric vehicles.
The popularity of the Internet has led to the development of the online or digital car rental system, which helps the car rental industry to organize itself more. Online car rental allows consumers to pre-select the car of their choice and make reservations well in advance without having to go to the office. Therefore, the digitalization of the car rental process has made it much more secure, transparent and cost effective which has helped make these services popular.
Main topics covered:
Chapter 1. Research Context
1.1 Research objectives
1.2 Market definition
1.3 Scope of the research
1.3.1 Market segmentation by vehicle type
1.3.2 Market Segmentation by Channel
1.3.3 Market segmentation by objective
1.3.4 Market Segmentation by Use
1.3.5 Market Segmentation by Region
1.3.6 Analysis period
1.3.7 Market data reporting unit
1.4 Key stakeholders
Chapter 2. Research methodology
2.1 Secondary research
2.2 Primary research
2.2.1 Breakdown of the main research respondents
220.127.116.11 By region
18.104.22.168 By industry participant
22.214.171.124 By type of business
2.3 Market size estimate
2.4 Data triangulation
2.5 Assumptions for the study
Chapter 3. Executive summary
Chapter 4. Presentation
4.1 Definition of market segments
4.1.1 By vehicle type
4.1.2 By channel
4.1.3 By objective
4.1.4 By use
126.96.36.199 Remote station
4.2 Value chain analysis
4.3 Market dynamics
4.4 Porter’s five forces analysis
Chapter 5. Global Market Size and Forecast
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. Railway Lines Market Size and Forecast
Chapter 10. User analysis
10.1 North America
10.1.1 Car Rental User Analysis
10.1.1.1 By sex
10.1.1.2 By use
10.1.1.3 By rental period
10.1.2 Customer motivation
10.1.3 Customer behavior and trends
Chapter 11. Competitive landscape
11.1 Major Players Market Share Analysis
11.2 Comparative analysis of key players
11.3 Strategic developments of key players
11.3.1 Launch of a new service
11.3.2 Mergers and Acquisitions
11.3.4 Service extensions
11.3.5 Geographic expansion
11.3.6 Other developments
Chapter 12. Company Profiles
12.1 ANI Technologies Pvt. Ltd.
12.2 Uber Technologies inc.
12.3 Beijing Xiaoju Technology Co. Ltd. (Didi Chuxing)
12.4 Addison Lee Ltd.
12.5 Shenzhou Youche (Fujian) Information Technology Co. Ltd. (UCAR)
12.6 Hertz Global Holdings Inc.
12.7 Groupe Avis Budget Inc.
12.8 Enterprise Holdings Inc.
12.9 Europcar Mobility Group SA
12.10 Sixt SE
12.11 Car2Go Ltd.
12.12 Localiza Rent a Car SA
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