https://www.ameriresearch.com/product/car-rental-market/

The global car rental market was valued at USD 45.1 billion in 2015. The market is poised to grow with a lucrative CAGR of nearly 13% from 2016 to 2024. The factors such as rise in tourism, growing number of corporate travelers, and increase in leisure and group activities are expected to provide impetus for future expansion of the market.

The car rental market has been evolving rapidly due to technological advancements, increase in per-capita expenditure, and growing demand local and outstation travelers. The car rental operators are extensively utilizing the digital channels for staying relevant, improving service quality; facilitate easy booking, and to promote new products to the customers.

The various trends observed in the market indicate strong prospects of market consolidation, shifting consumer preferences, and the growing demand for large sized vehicles such as SUV’s and MUV’s. Furthermore, the volatility in the crude oil prices is also expected to play a vital role in the market growth over the next few years.

The market consolidation through and joint ventures and mergers and acquisitions (M&A), to tap the emerging markets with high unmet needs is expected to be a key trend over the next few years. The other innovative collaborations using value added services and shared profit models are expected to positively impact the future growth prospects

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www.ameriresearch.com/product/car-rental-market/
Key findings from the study: -
• The global car rental market was valued at USD 45.1 billion in 2015. The market is poised to grow with a lucrative CAGR of nearly 13% from 2016 to 2024.
• The market consolidation through and joint ventures and mergers and acquisitions (M&A), to tap the emerging markets with high unmet needs is expected to be a key trend over the next few years.
• Key players include Sixt SE, Avis Budget Group, Inc., Europcar, Localiza Rent a Car SA, Carzonrent India Private Limited (CIPL), Al Futtaim Group, and GlobalCARS.

Ameri Research has segmented the Car Rental Market by material categories, product type, end-use and region:
Browse Full Report @ www.ameriresearch.com/product/car-rental-market/

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