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Car Rental Market to Expand at a CAGR of 17.52% during 2019 – 2023 | Top Leading Company’s - Ace Rent-a-car, Advantage Rent-a-car, Al Futtaim Group, Avis Budget Group, Carzonrent, Europcar Group

07-08-2019 06:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

Car Rental Market

Car Rental Market

The report covers a forecast and an analysis of the Car Rental Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume.

Overview of the Global Car Rental Market:

The Global Car Rental Market is expected to register a CAGR of 17.52% during the period 2018-2023. USA is the largest market for car rental in 2017 with China and India catching up.

Avis and Hertz have been estimated to remain the market leaders for the car rental market over the forecast period. The rise in international tourism, coupled with awareness about car rental services are the major factors driving growth of the Car Rental Market currently. The market growth is prominently supported by the growth of both international and domestic tourism flows.

Get a Sample Copy of this Report @ https://marketprognosis.com/sample-request/15865 .

In the US, more than 2.10 million vehicles are engaged in the car rental market, which generates revenue worth of USD 1050/vehicle monthly in the country and is one of the primary markets to witness growth in the car rental services. The market is anticipated to continue growing through the forecast period, driven by an increase in the number of air travelers and steady growth in the disposable income. North America and Europe constitute the bulk of the market with more than 65% of the market share in the global market.

The leaders in the car rental services are expected to retain their competitive advantage over the regional players, by getting involved in the strategic alliances with airlines and hotels. There is an observed high per capita spending on car rental in the developing markets of Brazil, Australia, and India which is mainly due to the lack of availability of an organized public transport network, lower disposable income, and high tourist destinations which ensures that the holiday maker arriving at their destination requires a rental vehicle. However, domestic tourism need not necessarily lend itself to the demand for car rental. Technological advancements along with the expansion of leading car rental companies in developing regions, such as Asia Pacific and Latin America, would foster demand for car rental services in the coming years. However, low cost public transportation, and volatility in crude oil prices along with increased operational cost are some of the restraints in the global car rental market.

This comprehensive Car Rental Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

Purchase this report online with 75 Pages, Top Key Players Analysis and List of Tables & Figure @ https://marketprognosis.com/buyReport/15865 .

Major Key Players:

1 Ace Rent-a-car

2 Advantage Rent-a-car

3 Al Futtaim Group

4 Avis Budget Group Inc.

5 Carzonrent Pvt.Ltd.

6 Eco Rent a Car

7 Enterprise Holdings Inc.

8 Europcar Group

9 Global CARS and More……………..

Request a Discount on standard prices of this premium report @ https://marketprognosis.com/discount-request/15865 .

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview and Technological Trends

5 Market Dynamics

6 Car Rental Market Segmentation, by Application

7 Car Rental Market Segmentation, by Vehicle Type

8 Car Rental Market Segmentation, by Booking Type

9 Car Rental Market Segmentation, by Geography

10 Competitive Landscape

11 Company Profile

12 Future Outlook of the Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.

Thane – 421501

India.

sales@marketprognosis.com

+1 973 241 5193

https://www.marketprognosis.com

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