openPR Logo
Press release

Car Rental Market Analysis of Global Demand and Supply 2027 with Major Key Player

08-10-2020 11:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Car rental

Car rental

The car rental providers have been introducing various programs to retain customers and gain loyalty. One of the leading providers Silvercar had launched a loyalty program. The car rental provider, that only rents Audis, had launched Premium Rewards, a revenue-based loyalty program. This program offers passengers one point per dollar paid for rental of vehicles. These points can be utilized later for gaining 5% discounts or full credit. The value of each point had not been stated by the company.

"Car Rental Market by Application (Leisure and Commercial), Rental Category (On Airport and Off airport), and Vehicle Type (Luxury car, Executive car, Economical car, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV)): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global car rental industry was pegged at $92.92 billion in 2019, and is projected to reach $214.04 billion by 2027, growing at a CAGR of 10.7% from 2020 to 2027.

More Information @ https://www.globenewswire.com/news-release/2020/07/15/2062686/0/en/Car-Rental-Market-to-Generate-214-04-billion-by-2027-AMR.html

Market players have been introducing various attractive and innovative offers to attract customers. From introducing new loyalty programs to offering discounts and gift cards, various offers and schemes have been launched. Moreover, the technology platform is launched for facilitating the post-accident process and improve collaboration between customers and all the parties involved. The players have formed partnerships with other players to gain strong position with its innovative offerings. The car rental industry would take a leap in coming few years with commitment of market players to launch innovative schemes. According to the research report by

Inquire for 25 % discount on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2073

The arch rivals of the company including Avis, National, Hertz, and others already have loyalty programs. So, in order to compete in the market, Silvercar needed the program with basic offerings to maintain the user base and attract new customers. As Audis have been used for rentals, Silvercar launched a program that offer seven days of free rental with the company for customers who buy an Audi. This new loyalty program will offer another reason for customers to stick with the company.

Along with attracting new customers and maintaining loyal customer base, car rental providers have been working on facilitating the post-accident process. Enterprise Holdings launched Entegral, a software solution for streamlining of post-accident process for helping service providers collaborate with their customers to get vehicle back on track. The technology solution, known as ARMS® Business Solutions (ABS), facilitates collaboration between repair shops, insurance providers, and other associated professionals. Joe Rector, the Assistant Vice President for Entegral, outlined that its platform intends to simplify the complex process of insurance claims. He added that the new name highlights the spirit of technology, serving as a combination of strength of Enterprise, the company’s role in the industry, and the integrity it intends to bring for each customer and partner. The platform will be used by nearly 50 insurance providers, manufacturers, and collision network sponsors in Canada, the U.S., the U.K., and Ireland. Dan Wessel, the Vice President for Entegral, highlighted that the company remains committed to securing the privacy of collision repair data while providing open access to data to all the parties involved.

Request Sample PDF of Car Rental Report @ https://www.alliedmarketresearch.com/request-sample/5593

Some of the players have joined hands with other players to offer services for attracting customers with innovative offers. Hype, a luxury car rental company collaborated with CRED for offering discounts and gift cards for GoHype customers. Moreover, the company would provide gift cards of worth Rs. 5,000 for CRED users who book cars from Hype. Raghav Belavadi, the Founder & CEO of Hype Car Rental, outlined this partnership is extension of ideology of organizations, ‘Luxury Moves You, Literally’. This partnership would help Hype in gaining more customers and loyalty of current customers.

Major market players

Avis Budget Group, Inc
Enterprise Holdings, Inc.
EuropeCar
Localiza
Hertz System, Inc.
Carzonrent India Pvt Ltd.
Sixt
ANI Technologies Pvt. Ltd.
Eco Rent a Car

Car Rental Market to Generate $214.04 billion by 2027
https://www.globenewswire.com/news-release/2020/07/15/2062686/0/en/Car-Rental-Market-to-Generate-214-04-billion-by-2027-AMR.html

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Car Rental Market Analysis of Global Demand and Supply 2027 with Major Key Player here

News-ID: 2108163 • Views: 356

More Releases from Allied Market Research

Bottled Tea Market with Driving Factors Analysis - Lipton, Inko's Tea, Tejava, N …
Bottled tea is an iced tea that is brewed, filtered, and bottled to be sold in the market. In the food & beverages industries, these products are regarded as ready-to-drink (RTD) tea. Bottled tea is sold in different types of containers such as cans, glass bottle, plastic bottles, and others. High amount of fructose corn syrup or sugars are present in bottled tea, sometimes in immense quantities, and sugar cannot
Global Free From Food Market Top Key Players - Cargill Inc., Corbion Inc., Kerry …
Free From Food Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026. the global free from food market size was valued at $90.1 billion in 2018, and is projected to reach $161.2 billion by 2026, growing at a CAGR of 7.7% from 2019 to 2026. In 2018, North America accounted for nearly 43.8% share of the market. Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/6372 The growth in value sales for free
Borage oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Fo …
Borage oil is extracted from the seeds of Borago or starflower. Borago is an herb mostly found in the Mediterranean region but grown in many other countries. It is highly used by the customers due to high ratio of gamma linoleic acid, which helps reduce inflammation and other diseases. The borage oil also acts as a nutritional supplement that increases the immunity of the body. It is also used in
Music Tourism Market : Future Forecast Assessed On The Basis Of How The Market I …
Over the years, the travel and tourism industry experienced a vast expansion. Traveling has become a lifestyle for a large portion of the population, especially the bloggers and Instagrammers. Traveling with a purpose has given rise to many different types of tourism. Tourism such as music tourism, fashion, sports, and food tourism is trending these days. The love for music and travel has together integrated into music tourism. Traveling from

All 5 Releases


More Releases for Car

Car Monitor Display
https://www.qandqmarketresearch.com/reports/7152010/car-monitor-display-market-78 Global Car Monitor Display Market Insights, Forecast to 2025 This report presents the worldwide Car Monitor Display market size value, production and consumption, splits the breakdown data status 20132018 and forecast to 2025, by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. Download Free PDF Sample
Sports Car Industry Forecasts
Albany, New York, November 8, 2016: Market Research Hub has announced a new research report to its database, titled “Sports Car industry forecasts”. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far
Apple Car
Apple Car – The new Apple driverless car was unveiled it is said to be the top hybrid electric car. The Apple Car will change the automotive industry very soon, learn why, & discover what the Apple Driverless Car will contain. Apple Car - All over, an auto appears like a heartbreaking thing for Apple Inc. to manufacture. Autos are a fiercely commoditised, staggeringly costly, for the most part low-edge
Connected World - Connected Car
According to ABI research, the number of global users of telematics smartphone applications is set to explode in the next five years from 3.2 million to 129 million users. It is vital that automotive manufacturers keep up-to-date with developments in this field if they are to remain competitive in this fast-paced market. Because their customers won’t wait. At IQPC’s 4th International Conference Connected Vehicles from 12-14 April in Berlin, experts
Car insurance: Over 50 car insurance advantages
Over 50 car insurance It has been observed that older drivers tend to have a more mature approach towards driving than new drivers. Car insurance companies are more and more eager to target drivers aged 50 plus or those that have retired as older drivers are more experience, fewer accidents and more consistent. We can say older drivers are present less of a risk. This means the over 50s are less
Car Transport
Car transport services are something a person will most likely need if he or she is moving from one location to another and travelling by airplane or moving while owning more than two cars. Many people have more than one vehicle and sometimes the second or third car is a custom or classic car that shouldn’t be exposed to any type of elements for too long. A car transport service