Global Car Rental Market 2018-2022: Trends, Challenges and Drivers

DUBLIN, January 15, 2018 /PRNewswire/ —

Report “Global Car Leasing Market 2018-2022” has been added to from ResearchAndMarkets.com offer.

The global car rental market is expected to grow at a CAGR of 17.52% during the period 2018-2022.

Global Car Rental Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the next few years. The report also includes a discussion of the major vendors operating in this market.

According to the report, one of the major drivers of this market is the increasing integration of advanced digital technologies in car rental services. With the advent of the internet and the growing number of smartphone users, the reliance on technology has increased. Several automakers use mobile apps to communicate pricing, coupons, promotional offers, car availability, and tracking details to consumers in real time.

Many people benefit from car rental services due to the reduced total cost of mobility. A crucial reason contributing to the growth of the market is that the vendors own the vehicles and the users are freed from the burden of ownership costs. Customers also have the option of choosing cars that can meet their daily needs.

The latest trend gaining momentum in the market is the introduction of value for money car rental services. Players in the car rental industry are focused on providing low-cost car services, especially for the leisure markets. Small players favor online car rental platforms to expand their geographical presence and reach a large customer base. Several popular car rental services have launched their own value brands with moderate and affordable prices. Such strategies will help players in the car rental market to expand their customer base.

With consumers increasingly preferring car availability in less time, operators are focusing on streamlining their membership procedures and improving service convenience by adopting smart technology. Moreover, car rental operators are also focusing on introducing enhanced features in their mobile apps to provide efficient customer convenience.

Market trends

• Advent of intermediaries
• Value-for-money car rental services
• Advances in rental processes
• Growing interest in autonomous vehicles

Main suppliers

• Avis Budget Group
• Company holdings
• Europcar
• Hertz
• sixth
• Carzonrent

Other Important Suppliers

• Hermes
• OPCO advantage
• EZ Rent A Car

Main topics covered:

Part 01: Executive Summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market sizing

Part 07: Five forces analysis

Part 08: Market segmentation by rental category

Part 09: Market Segmentation by Vehicle Type

Part 10: Customer landscape

Part 11: Market Segmentation by Booking Mode

Part 12: Regional Landscape

Part 13: Decision-Making Framework

Part 14: Drivers and Challenges

Part 15: Market Trends

Part 16: Supplier Landscape

Part 17: Vendor Analysis

Part 18: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/gh2n55/global_car_rental?w=5

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