Press release
Car Rental Market Rise at 11.6% CAGR to 2022 | Avis Budget Group, Carzonrent India, Enterprise Holdings, Europcar, The Hertz Corporation
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A car rental, hire car, or car hire company provides vehicles on rent for short periods of time, generally ranging from a few hours to a few weeks. Car rental providers have a number of local branches and offices near airports, bus stops, railway station, and busy city areas. The key vendors that provide vehicle rental services mainly focus on customer's requirements, growth, innovation, and offers that attract customers and efficiency.
The impact of information technology in the industry has driven the transformation of the car rental services. The growing trend of using the Internet for customizing travel trips and online reservations & bookings is anticipated to propel the use of technology in the industry. The implementation of technology in these services makes the whole process safe, quick, reliable, and easy for consumers. In addition to this, the hassle-free process of online reservations and bookings increases convenience for both, the operators and customers.
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Companies Profiled in this report includes: Avis Budget Group, Inc., Carzonrent India Pvt Ltd., Enterprise Holdings Inc., Europcar, The Hertz Corporation, Sixt Rent a Car, Uber Technologies Inc., Localiza, Eco Rent a Car, and Budget Rent a Car System, Inc.
The global car rental market was valued at $79,648 million in 2015, and is expected to reach $164,335 million by 2022, growing at a CAGR of 11.6% from 2016 to 2022.
One of the main challenges for car rental companies is to provide superior customer service, especially when it comes to customer complaints. The dissatisfaction comes from different situations. From a lack of information on additional payments and excess amount, to waiting for hours in line to get the car they already booked.
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Key benefits
The report includes an extensive analysis of the factors that drive as well as restrain the growth of the global car rental market.
The market projections from 2014 to 2022 are included along with the impacting factors.
The report also offers quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market.
Extensive analysis by vehicle type facilitates to understand various types of vehicles that are utilized in car rental industry.
Table of Content:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 CAR RENTAL MARKET, BY TYPE OF CAR
CHAPTER 5 CAR RENTAL MARKET, BY RENTAL CATEGORY
CHAPTER 6 CAR RENTAL MARKET, BY GEOGRAPHY
CHAPTER 7 RELATED INDUSTRY INSIGHTS
CHAPTER 8 COMPANY PROFILES
8.1. AVIS BUDGET GROUP
8.2. CARZONRENT INDIA PVT LTD.
8.3. ENTERPISE HOLDING INC.
8.4. EUROPCAR
8.5. THE HERTZ CORPORATION
8.6. SIXT
8.7. UBER TECHNOLOGIES INC.
8.8. LOCALIZA
8.9. ECO RENT A CAR
8.10. BUDGET RENT A CAR SYSTEM, INC.
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