Trends, opportunities and competitive analysis

NEW YORK, November 18, 2022 /PRNewswire/ —

Airport Car Rental Market Trends, Opportunities and Forecast to 2027 by Customer (Business, Leisure and Others), by Vehicle (Luxury Car, Executive Car, Economy Car, SUV and CUV), by reservation (on-line and off-line), by transmission (manual and automatic), and by region (North America, Europe, Asia Pacificand the rest of the world)

Read the full report: https://www.reportlinker.com/p06362912/?utm_source=PRN

Airport Car Rental Market Trends and Forecasts
The future of the global airport car rental industry looks bright with opportunities in the business and leisure travel segments. The global airport car rental industry is expected to reach a $63.4 billion by 2027 growing at a CAGR of 6.1% from 2021 to 2027. Key drivers for this market are increasing air travel, increasing domestic and inbound tourist volume and increasing income level available.

Emerging trends in the airport car rental market
Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing adaptation of electric vehicles and the integration of IoT to provide value-added services, such as reservation, passenger security and support.

Airport car rental market by segments

The analyst predicts that leisure travelers will remain the largest segment and it is also expected to experience the highest growth during the forecast period. The study includes the global airport car rental market trends and forecasts by customer type, booking type, vehicle type, transmission and region, as follows:

Airport Car Rental Market by Customer Type [$B Shipment analysis from 2016 to 2027]
• Business
• Leisure
• Others

Airport Car Rental Market by Booking Type [$B Shipment analysis from 2016 to 2027]
• Online
• offline

Airport Car Rental Market by Vehicle Type [$B Shipment analysis from 2016 to 2027]
• Luxury cars
• Executive Cars
• Economy Cars
• Sport Utility Vehicles
• Others

Airport Car Rental Market by Transmission Type [$B Shipment analysis from 2016 to 2027]
• Manual
• Automatic

Airport car rental market by region [$B Shipment analysis from 2016 to 2027]
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• Spain
• UK
• Italy
• Asia Pacific
• China
• India
• Japan
• hong kong
• South Korea
• Malaysia
• Taiwan
• Philippines
• Vietnam
• Indonesia
• Thailand
• Sri Lanka
• The rest of the world
• Brazil
• Argentina
List of car rental companies at the airport
The companies in the market compete on the basis of the quality of the products offered. The major players in this market are focusing on expanding their manufacturing facilities, R&D investments, infrastructure development and leveraging integration opportunities along the value chain. Through these strategies, airport car rental companies meet growing demand, ensure competitive efficiency, develop innovative products and technologies, reduce production costs and expand their customer base. Some of the airport car rental companies featured in this report include.
• Enterprise Rent-A-Car
• Hertz Group
• Avis Budget Group Inc.
• Europcar Mobility Group
• Sixt SE
• Localiza Rent a Car
• Ichinen Holdings
• Visit of Cap Rouge
• Tattersall Companies
Overview of the airport car rental market
• The analyst predicts that leisure customers will remain the largest market by type of location and are also expected to experience the highest growth over the forecast period due to increased air travel and the increase in domestic tourism.
• North America is expected to remain the largest region, mainly due to an increase in the volume of inbound and outbound tourists and the expansion of the distribution network in suburban or underserved areas. Asia Pacific is expected to witness the highest growth during the forecast period owing to the increase in air passenger traffic, increase in disposable income and construction of new airports. The market is moving towards consolidation as big players acquire small players to increase their market share.
Characteristics of the global airport car rental market
• Market Size Estimates: Estimate of the size of the global airport car rental market in terms of value (in billions of dollars).
• Analysis of trends and forecasts: market trends (2016-2021) and forecasts (2022-2027) by different segments.
• Segmentation Analysis: Global airport car rental market size by different segments, such as customer type, vehicle type, booking type and transmission in terms of value.
• Regional Analysis: Global Airport Car Rental Market Breakdown by North America, Europe, Asia Pacificand Rest of the world.
• Growth Opportunities: Analysis of growth opportunities in different segments and regions for the global airport car rental market.
• Strategic analysis: This includes mergers and acquisitions, new product development, and the competitive landscape of the global airport car rental market.
• Industry Competitive Intensity Analysis based on Porter’s Five Forces Model
FAQs
Q1. How big is the car rental market at the airport?
Answer: The global airport car rental market is expected to reach a $63.4 billion by 2027.
Q2. What is the growth forecast for the airport car rental market?
Answer: The airport car rental market is expected to grow at a CAGR of 6.1% from 2021 to 2027.
Q3. What are the key drivers influencing the growth of the airport car rental market?
Answer: The main drivers of this market are the increase in the number of air travels, the increase in the volume of domestic and inbound tourists and the increase in the level of disposable income.
Q4. What are the main traveler types or end-use industries for Airport Car Rental?
Answer: Leisure travel is the largest segment by traveler type for car rental at the airport.
Q5. What are the emerging trends in the airport car rental market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing adaptation of electric vehicles and the integration of IoT to provide value-added services, such as reservation, security passengers and assistance.
Q6. What are the main car rental companies at the airport?

Answer: Some of the major car rental companies at the airport are:
• Enterprise Rent-A-Car
• Hertz Group
• Avis Budget Group Inc.
• Europcar Mobility Group
• Sixt SE
• Localiza Rent a Car
• Ichinen Holdings
• Visit of Cap Rouge
• Tattersall Companies
Q7. Which airport car rental customer type segment will be most important in the future?
Answer: The analyst predicts that leisure customers will remain the largest market by customer type and are also expected to experience the highest growth over the forecast period due to increased air travel and increase in domestic tourism.
Q8: In the airport car rental market, which region is expected to be the biggest in the next 5 years?
Answer: North America is expected to remain the largest region, mainly due to an increase in the volume of inbound and outbound tourists and the expansion of the distribution network in suburban or underserved areas. Asia Pacific is expected to witness the highest growth during the forecast period owing to the increase in air passenger traffic, increase in disposable income and construction of new airports. The market is moving towards consolidation as big players acquire small players to increase their market share.
Q9. Are we getting personalization in this report?
Answer: Yes, the analyst provides 10% customization at no additional cost.

This report answers the following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global airport car rental market by customer (business, leisure and other), by vehicle (luxury car, executive car, economy car, SUV and VUM)? s), by reservation (online and offline), by transmission (manual and automatic), and by region (North America, Europe, Asia Pacificand the rest of the world)?
Q.2 Which segments will experience faster growth and why?
Q.3 Which region will experience faster growth and why?
Q.4 What are the major factors affecting market dynamics? What are the drivers, challenges and business risks of this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing customer demands in the market?
Q.8 What are the new developments in the market and which companies are driving these developments?
Q.9 Who are the main players in this market? What are the strategic initiatives taken by key players for business growth?
Q.10 What are some of the competing products in this market and what threat do they pose for loss of market share due to product substitution?
Q.11 What M&A activity has taken place in the past five years?

For any query related to Airport Car Rental Market or Airport Car Rental Market Share, Airport Car Rental Market Analysis, Size of the airport car rental market, write to analyst Lucintel via email: [email protected]. We will be happy to answer you soon.

Read the full report: https://www.reportlinker.com/p06362912/?utm_source=PRN

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Pamela W. Robbins