Car rental market research report: global industry analysis and forecast to 2024 –


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 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 Value

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 By region By industry participant 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 Economy Executive Luxury

4.1.2 By channel Online Offline

4.1.3 By objective Business Staff

4.1.4 By use Local Airport Remote station

4.2 Value chain analysis

4.3 Market dynamics

4.3.2 Drivers

4.3.3 Constraints

4.3.4 Opportunities

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 By sex By use By rental period

10.1.2 Customer motivation

10.1.3 Customer behavior and trends

10.2 Europe

10.3 APAC

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

11.3.3 Partnership

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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Pamela W. Robbins