State of the industry, influencing factors, competition, industry associations
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Dublin, October 08, 2021 (GLOBE NEWSWIRE) – The “The car rental industry in South Africa 2021” report was added to ResearchAndMarkets.com offer.
This report focuses on the South African 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, operations on titles and developments.
There are profiles of 14 companies including major players such as Barloworld (Avis and Budget), Motus (Tempest) and CFAO Motors (Hertz), other established companies in the industry 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 affected by the pandemic and the resulting travel restrictions and declining disposable income. The main business channels for car rental are business, government, insurance replacement, and recreation, and the demand for all of these avenues has declined significantly since March 2020.
Car rental companies were able to partially offset the losses by reducing the number of fleets, agencies and employees, and benefited from higher prices for used vehicles. The industry’s fleet had been cut by more than half in July 2021 compared to February 2020. The sector, which is described as mature, has been under pressure for two years as brokers and online middlemen lowered prices. price.
Tendencies
Car rental companies are looking to take advantage of a growing trend of customers who prefer to rent rather than own a vehicle. Ridesharing, digital aggregators, and auto subscriptions provide car rental companies with alternative sources of income. Ridesharing, where car owners rent their own vehicles, has grown in popularity in recent years, but has been slowed down by the pandemic.
Digital aggregators represent an important part of reservations. Subscriptions, where vehicles are rented on a short-term, usually monthly basis, allow vehicle users to switch between cars from month to month.
Main topics covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry value chain
2.2. Geographical position
3. INDUSTRY SIZE
4. STATE OF THE INDUSTRY
4.1. Local
4.1.1. Corporate actions
4.1.2. Regulations
4.1.3. Business development and socio-economic development
4.2. Continental
4.3. International
5. INFLUENCE FACTORS
5.1. Economic environment
5.2. Coronavirus
5.3. Crime and road safety
5.4. Entrance costs
5.5. Technology, Research and Development (R&D) and Innovation
5.6. Workforce
5.7. Cyclicality
5.8. Environmental concerns
6. COMPETITION
6.1. Barriers to entry
7. SWOT ANALYSIS
8. OUTLOOK
9. INDUSTRY ASSOCIATIONS
10. REFERENCES
10.1. Publications
10.2. Websites
Companies mentioned
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Barloworld South Africa (Pty) Ltd
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Bidvest Car Rental (Pty) Ltd
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CMH Car Hire (Pty) Ltd
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Car Rental Brokers (Pty) Ltd
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CFAO Motors (Pty) Ltd
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FlexClub ZA Technologies (Pty) Ltd
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Gage Car Rental (Pty) Ltd
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Genissis 1 Cash Car Rental CC
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Inclusion South Africa (Pty) Ltd
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Motus Holdings SA
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Pace Car Rental (Pty) Ltd
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RentMyRide (Pty) Ltd
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Springs Car Wholesalers (Pty) Ltd
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Woodford Group (Pty) Ltd (The)
For more information on this report, visit https://www.researchandmarkets.com/r/2e8722
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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