Tourism Vehicle Rental Market to Reflect Impressive Growth Rate of 12.08% by 2023 | Global Key Players – Autoeurope, Avis, Carzonrent, Easycar, Europcar, Hertz, Kemwel, Zoomcar

Marketprognosis.com Publish a New Market Research Report On “Global Tourism Vehicle Rental Market - Growth, Trends and Forecast (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Tourism Vehicle Rental Market:

The report spread across 94 pages is an overview of the Global Tourism Vehicle Rental Market - Growth, Trends and Forecast (2018 - 2023). These report study based on the Tourism Vehicle Rental Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

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The Global Tourism Vehicle Rental Market is expected to grow at a CAGR close 12.08% during the forecasted period of 2018-2023.

Vehicle rental services are relatively developed in the industrialized economies and have been around for a long time. More importantly, the general public is comfortable with the concept and as a result of proper procedures and insurance; there is little risk for the vehicle rental vendor. Previously, in the emerging economies, there existed several regulations and high-security deposits needed to be given by the customer to take a vehicle on rent. The market was also highly unorganized and unregulated. Tourists who have little idea about the local conditions need clarity and uniform rules that were not present earlier and were impeding the growth of the market. In the new decade, however, this sector, as a result of the entry of global brands into the emerging economies, has boomed. The entry of established players in the market has resulted in strong growth, as tourists are familiar with these global brands and are, therefore, more willing to choose this option.

With a total vehicle fleet size more than 2 million, United States is the leader in the tourism vehicle rental market, but the market is saturated and will post modest gains. The major growth is expected to come from Asia-Pacific countries like Vietnam, Philippines, India, and China where tourism is expected to grow sharply. Organized vehicle rental services are still in their nascent stage in the emerging economies and offer significant opportunities for growth.

The rental market for luxury vehicles will grow at the fastest pace during the forecast period due to increased travel budgets of tourists around the world. Also, tourists from developed nations and emerging markets who are increasingly exploring new destinations prefer to rent luxury and high-end cars and this will boost the market for these cars. In the U.S. alone more than 2.10 million vehicles are engaged in the car rental market.

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Major Key Players:

1 Autoeurope

2 Avis

3 Carzonrent

4 Easycar

5 Europcar

6 Hertz

7 Kemwel

8 Zoomcar and More………………

What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Tourism Vehicle Rental Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview And Technological Trends

5 Market Dynamics

6 Tourism Vehicle Rental Market, By Vehicle Type

7 Tourism Vehicle Rental Market, By Booking Mode

8 Tourism Vehicle Rental Market, By End User

9 Tourism Vehicle Rental Market, By Geography

10 Competitive Landscape

11 Key Vendor Analysis (Overview, Products & Services, Strategies)

12 Future Outlook Of The Market

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This release was published on openPR.