Press release
Car Rental Market 17.52% CAGR to Be Achieved by Extensive market growth by focusing on Top Key Vendors like Avis Budget Group, Enterprise Holdings, Europcar, Hertz, Sixt, Carzonrent and Others
Many people benefit by using car rental services because of the reduced total cost of mobility. A crucial reason contributing to the growth of the market is that providers own the vehicles and users are free from the burden of ownership costs. Customers also have the flexibility of choosing cars that can meet their daily needs. Moreover, insurance costs incurred during renting vehicles are also taken care of users by the rental companies. Corporate members also have access to a fleet of cars with hassle-free maintenance and management systems. In addition, service agreements with car rental providers help companies reduce their fleet costs and provide their employees with easy access to a range of vehicles. Global car rental market to grow at a CAGR of 17.52% during the period 2018-2022.The introduction of value-for-money car rental services is one of the key trends that will gain traction in the car rental market during the next few years. Players in the car rental industry are focusing on providing low-cost car services, especially for leisure markets. The small players are preferring online car rental platforms to expand their geographical presence and reach a wide customer base.
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The key manufacturers covered in this report such as Avis Budget Group, Enterprise Holdings, Europcar, Hertz, Sixt, Carzonrent, Hermes, Advantage OPCO, E-Z Rent A Car
The car rental market appears to be moderately fragmented due to the presence of several international, regional, and community-based car rental companies. Vendors in the car hire market compete based on pricing, fleet size, car rental location, and marketing expertise. The market is highly competitive and the car rental companies are enduring a reduction in their profit margins. This is inducing the players to acquire smaller companies to strengthen their presence in the car rental industry.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018-2022 Relevantly, the report and company profiles specify the key drivers that are impacting the demand in Global Car Rental market.
Table of content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Application
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
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