Dublin, Oct. 08, 2021 (GLOBE NEWSWIRE) — The ‘South Africa Car Rental Industry 2021’ report has been added to from ResearchAndMarkets.com offer.
This report focuses on the South Africa car rental industry, with comprehensive information on the state of the industry, the effects of the pandemic and the decline in tourism and travel, trends, shares of businesses and developments.
It contains the profiles of 14 companies including major players such as Barloworld (Avis and Budget), Motus (Tempest) and CFAO Motors (Hertz), other established companies in the sector such as Woodford Group and Pace Car Rental, and players of the ride. -sharing, digital aggregation and car subscription space such as Inclusion South Africa (Planet24), Flexclub and RentMyRide.
The car rental industry in South Africa
The car rental industry has been significantly impacted by the pandemic and resulting travel restrictions, as well as declining disposable income. The main commercial channels for car rental are business, government, insurance replacement and leisure, and demand for all of these avenues has declined markedly since March 2020.
Car rental companies were able to partially offset the losses by reducing their fleets, branches and workforces, and benefited from higher prices for used vehicles. The industry’s fleet had more than halved in July 2021 compared to February 2020. The sector, described as mature, has been under pressure for two years as online brokers and intermediaries have driven prices down.
Tendencies
Car rental companies are looking to capitalize on a growing trend of customers who prefer to rent rather than own a vehicle. Carpooling, digital aggregators, and car subscriptions provide car rental businesses with alternative revenue streams. Carpooling, where car owners rent their own vehicle, has grown in popularity in recent years but has been slowed by the pandemic.
Digital aggregators account for a significant portion of bookings. Subscriptions, where vehicles are leased on a short-term, usually monthly basis, allow vehicle users to switch from one car to another from month to month.
Main topics covered:
1. INTRODUCTION
2. INDUSTRY DESCRIPTION
2.1. Industry value chain
2.2. Geographical position
3. INDUSTRY SIZE
4. STATE OF THE INDUSTRY
4.1. Local
4.1.1. Company actions
4.1.2. Regulations
4.1.3. Business development and socio-economic development
4.2. Continental
4.3. International
5. INFLUENCING FACTORS
5.1. Economic environment
5.2. Coronavirus
5.3. Crime and road safety
5.4. Input costs
5.5. Technology, Research and Development (R&D) and Innovation
5.6. Labor
5.7. Cyclicity
5.8. Environmental concerns
6. COMPETITIONS
6.1. Entry barriers
7. SWOT ANALYSIS
8. OUTLOOK
9. INDUSTRY ASSOCIATIONS
10. REFERENCES
10.1. Works
10.2. Websites
Companies cited
- Barloworld South Africa (Pty) Ltd
- Bidvest Car Rental (Pty) Ltd
- CMH Car Hire (Pty) Ltd
- Car Hire Brokers (Pty) Ltd
- CFAO Motors (Pty) Ltd
- FlexClub ZA Technologies (Pty) Ltd
- Gage Car Rental (Pty) Ltd
- Genissis 1 Cash Car Rental CC
- Inclusion South Africa (Pty) Ltd
- Motus Holdings Ltd
- Pace Car Rental (Pty) Ltd
- RentMyRide (Pty) Ltd
- Springs Car Wholesalers (Pty) Ltd
- Woodford Group (Pty) Ltd (The)
For more information about this report, visit https://www.researchandmarkets.com/r/2e8722
