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Car Rental Market Is Predicted to Witness Rapid Growth in Worldwide Industry to grow at a CAGR 14.17% during 2018 to 2023!!

08-16-2018 09:06 AM CET | Logistics & Transport

Press release from: Genesis market insights

Car Rental Market Is Predicted to Witness Rapid Growth

GLOBAL CAR RENTAL MARKET was valued at USD 35.5 Billion in the year 2017. Global Car Rental market is further estimated to grow at a CAGR of 14.17% from 2018 to reach USD 89.3 Billion by the year 2023. North America region holds the highest market share in 2017 whereas the Asia-Pacific market is considered as the fastest growing region in the forecasted period. At the country level, developed markets like the US with highest population base holds the notable market share in 2017 and it is projected to grow strongly in the coming years.

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Sixt SE (Germany), Avis Budget Group, Inc. (US), The Hertz Corporation (US), Enterprise Holdings Inc. (US) are some of the key players in the Car Rental market with The Hertz Corporation holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.

Drivers:
• Growth in the tourism industry
• Rising demand from corporate sector
Restraints:
• High initial investments
Opportunities:
• Introduction of autonomous cars
Challenges:
• Logistics management

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Segmentation on the basis of vehicle type includes Economy cars, Executive cars, Luxury cars and SUVs & MUVs of which, the Economy cars segment is expected to hold the highest market share during the forecast period. As these cars are affordable, the target market is vast.

On the other hand Executive cars for this market is expected to grow at the highest CAGR of XXX during year 2017-2022. This growth is expected due to the increasing demand from the corporate / business sector as most of the top companies are expanding their operational presence. So, it is expected that it will increase in the business trips over the next 5 years.

Key Benefits for Stakeholders
• Car Distributors and Retailers
• Research and Consulting organization
• Government bodies
• Technology Standards Organizations, Forums, Alliances and Associations
• End use industries
• Regulatory bodies, policy makers and consumers.

By Vehicle Type
• Executive Cars
• Economic Cars
• Luxury Cars
• Multi Utility Vehicles (MUVs)
• Sports Utility Vehicles (SUVs)

By Rental Category
• Local Transport
• Outstation Transport
• Airport Transport
• Others

By Mode of Booking
• Online Booking
• Offline Booking

By Region
• North America
• Europe
• Asia-Pacific
• ROW

Key Market Players
• Europcar (France)
• Avis Budget Group, Inc. (US)
• Enterprise Holdings Inc. (US)
• Carzonrent India Pvt Ltd. (India)
• The Hertz Corporation (US)
• Alamo (US)
• Sixt SE (Germany)

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Read Full Overview with TOC@ https://genesismarketinsights.com/viewreport/55/23/Car-Rental-Market

1. Introduction
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Limitations
1.3 Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards

5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry

6. Car Rental Market, By Vehicle Type
6.1. Executive Cars
6.2. Economic Cars
6.3. Luxury Cars
6.4. Multi Utility Vehicles (MUVs)
6.5. Sports Utility Vehicles (SUVs)

7. Car Rental Market, By Rental Category
7.1. Local Transport
7.2. Outstation Transport
7.3. Airport Transport
7.4. Others

8. Car Rental Market, By Mode of Booking
8.1. Online Booking
8.2. Offline Booking

9. Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. Russia
9.3.4. RoE
9.4. Asia Pacific
9.4.1. South Korea
9.4.2. Japan
9.4.3. China
9.4.4. RoAPAC
9.5. RoW
9.5.1. Latin America
9.5.1.1. Brazil
9.5.1.2. Argentina
9.5.1.3. Rest of Latin America
9.5.2. Middle East and Africa

10. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
10.1 Europcar
10.2 Avis Budget Group, Inc.
10.3 Enterprise Holdings Inc.
10.4 Carzonrent India Pvt Ltd
10.5 The Hertz Corporation
10.6 Alamo
10.7 Sixt SE
10.8 Localiza
10.9 Bandago Van Rental

11. Competitive Analysis
11.1. Introduction
11.2. Market Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making. Genesis provides strategic plan for project execution and any operational support to help them grow their revenues. Company have faith on us to find new revenue streams, and minimizing market risks. We have accomplished our proficiency by being present in the world's 130+ most promising markets for over 20 years. We are the only agency offering a unique combination of both Primary and Secondary research across all domains viz. ICT, Chemicals, Automotive, Logistics, Transportation, Oil & Gas, FMCG, Telecom.

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New York, NY 10010
Ph. No (212) 634-4560
Website:- https://genesismarketinsights.com
E-Mail ID:- info@genesismarketinsights.com

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