Press release
Development of Value Segment, Increasing Mergers and Acquisitions Coupled with Rise in Investments in Technology will Positively Impact Car Rental Market in Europe: Ken Research
It is expected that during the forecast period 2018-2025F, Car Rental Market in France, Spain, UK and Germany on the basis of fleet size will grow at a CAGR of close to 2.1%, 7.1%, 2.5% and 2.2% respectively. France, Spain and Germany is estimated to dominate the car rental market in terms of revenue and fleet size respectively.
It is expected that in coming years, companies would introduce connected vehicle technology thereby making the car rental experience of the customers 100% digitized. A connected vehicle is equipped with internet access and a wireless local area network.
Development of Value Segment: Major players in the car rental market have been focusing on developing solutions for the value segment of the industry. The most common strategy which the companies have adopted to cater to the needs of the low value customers is to develop a low cost segment that offers car rental services exclusively at low prices for short duration. Focus on development of new segment for value customers would create a positive impact on the demand for car rental services in European countries.
Aggressive Expansion Strategy: Companies have been following the strategy of mergers and acquisitions in order to expand their services offerings to different client segments (low and medium cost segment) and different market segments (car sharing segment). This strategy is anticipated to bring a positive effect on the car rental market in Europe during the forecast period. For instance, companies such as Goldcar, Fox Rent a Car, Buchbinder Group, SHB Hire and others, all acquired by Europcar as a strategy to increase its market presence in Europe.
Fleet Capacity Expansion: There has been a rise in number of domestic & international players offering car rental services in European countries. It is anticipated that domestic & international players will be expanding their fleet size and number of rental locations in order to expand their operations in several European countries. Major players will focus on improving customer experience by offering value added services and product customizations (with focus on digitizing the car rental experience of the customers) in order to further increase their market penetration in the coming years.
The report titled “Europe Car Rental Market Outlook to 2025- By Region (France, Germany, Spain, United Kingdom, Italy, Portugal, Ireland, Poland and Others), By Fleet (Compact, SUV, Luxury) and By Purpose (Leisure and Business), Car Sharing By Fleet Size and Users and Cab Aggregator By Revenue and Users)” by Ken Research suggested that the Europe Car Rental Market has been increasing due to rise in tourist arrivals coupled with regional expansion of local & international players in the market and adoption of innovative strategies by major players in European countries. The market is expected to register a positive CAGR of 2.9% and 4.7% in terms of revenue and fleet size respectively during the forecast period 2019F-2025F.
For more information, refer to below link:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/europe-car-rental-market-outlook/283922-100.html
Key Segments Covered:-
Europe Car Rental Market
By Region
France
Germany
Spain
United Kingdom
Italy
Portugal
Ireland
Poland
Others
By Fleet Type
Compact
SUV
Luxury
By Purpose
Leisure
Business
By Rental Location
On-Airport
Off-Airport
Europe Cab Aggregator Market
Europe Cab Aggregator Market By Revenue in Euro Million
Europe Cab Aggregator Market By Number of Users
Europe Car Sharing Market
Europe Car Sharing Market By Fleet Size
Europe Car Sharing Market By Number of Users
Key Target Audience:-
Car Rental Companies
Ride Hailing Companies /Cab Aggregators
Car Sharing Companies
Ride Sharing Companies
Government/ Regulatory Authorities
Online Aggregators
Automotive OEMs
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019F-2025F
Companies Covered:
Europe Car Rental Market
Europcar
Sixt
Avis Budget Group
Hertz
Enterprise-Rent-a-Car
Europe Cab Aggregator Market
Uber
Bolt
Gett
Cabify
Kapten
FreeNow
Europe Car Sharing Market
ShareNow
Zipcar
Ubeeqo
Getaround
Key Topics Covered in the Report:-
Operating Model Europe Car Rental Market (Inter-Entity Relationship)
Europe Car Rental Market Size, 2013-2018 (By Revenue and Fleet Size)
Europe Car Rental Market Segmentation (By Region, By Fleet Type and By Purpose)
Country Profiles (France, Germany, Spain, United Kingdom, Italy, Portugal, Ireland and Poland)
Snapshot of Car Sharing Market in Europe
Snapshot of Cab Aggregator/Ride Hailing Market in Europe
Snapshot of Car Pooling Market in Europe
Upcoming Mobility Trends in European Countries
Mergers, Acquisitions and Partnerships in Car Rental Industry
Trends and Development in Europe Car Rental Market
Regulations in Europe Car Rental Industry
Issues & Challenges in Car Rental Service Industry
SWOT Analysis of Europe Car Rental Industry
Competitive Landscape in Europe Car Rental Market
Strength & Weakness of Major Players (Europcar, Sixt, Avis Budget Group, Enterprise and Hertz) in Europe Car Rental market
Cross Comparison of Major Players (Europcar, Sixt, Avis Budget Group, Enterprise and Hertz) in Europe Car Rental Market, 2018
Company Profile of Europcar, Sixt, Avis Budget Group, Enterprise and Hertz
Europe Car Rental Market Future, 2018-2025F (By Region, By Fleet Type and By Purpose)
Analyst Recommendations for Europe Car Rental Market
Related Reports:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-car-rental-leasing-market/214914-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/costa-rica-car-rental-market/194093-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/australia-car-leasing-and-rental-market/276727-100.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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