Press release
Future Outlook of Japan Car Rental Market: Ken Research
Japan Car Rental Market is in the growing stage, being driven by the increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration, rising population and increasing demand from tourists for business and leisure purposes hiring rental cars. The Car Rental Industry in Japan is moderately consolidated with many players in the market and some key players such as Toyota Rent-a-Car, Nippon Rent-a-Car, Orix Rent-a-Car, Times Car Rental and Nissan Rent-a-Car.
What Is The Expected Future Outlook For The Overall Japan Car Rental Market Across The Globe?
The Japan Car Rental market was valued at USD ~billion in 2022P and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022P-2027F. Number of car rented is expected to grow at ~% in the forecasted period of 2022P-2027F in Japan. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Japan Car Rental market is driven by high internet penetration in the country, adoption of advance technologies, favorable government initiatives, emergence of new players and influx of foreign investments. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
The rise in domestic and international tourism across the country is likely to act as a catalyst for the Japan Car Rental Market. Domestic spending made up to ~% of all tourism spending in 2021. Due tourism industries, there is a significant increase in demand for Car Rental Services, which will lead to significant growth of the Japanese Car Rental Industry.
Increasing internet and smartphone penetration across the country is expected to drive the Car Rental Market in Japan further. The increased usage of mobile applications has resulted in the growth of online car rental reservations. This rise in the overall internet and smartphone usage is supposed to help boost the Japanese Car Rental Industry.
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Key Segments Covered
Japan Car Rental Market:
By Market Structure
Organized market
Unorganized market
By Type of Vehicles
Small Cars/ Hatchbacks
Sedans
SUVs
Others
By ICE/EV
ICE (Internal Combustion Engine)
Electric Vehicles
By Region
Central
South
North
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By Mode of Booking
Online
Offline
By Client
Business
Leisure
By Pick-up
Off- Airport
On-Airport
Key Target Audience
Car Rental Service Providers
Car Rental Companies aiming to establish in the Japan
Japan automotive industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association
Car Manufacturers
Existing Car Rental Companies
OEM Dealerships
New Market Entrants
Investors
Car Rental Associations
Time Period Captured in the Report:
Historical Period:Â 2017-2022P
Base Year:Â 2022P
Forecast Period:Â 2022P- 2027F
Companies Covered:
Toyota Rent-a-Car
Nippon Rent-a-Car
Orix Rent-a-Car
Times Car Rental
Nissan Rent-a-Car
Smile Rental Car
NicoNico Rent a Car
JR Rent-a-Car
Sky Rent-a-Car
Key Topics Covered in the Report
Executive Summary
Country Overview of the Japan
Overview and Genesis of Car Rental Market in Japan
Ecosystem of Japan Car Rental Market
Business Cycle of Japan Car Rental Market
Timeline of Major Players of Japan Car Rental Market
Value Chain Analysis of Japan Car Rental Market
Market Segmentations of Car Rental Market in Japan
Snapshots on different Car Rental Markets in Japan
SWOT Analysis of Japan Car Rental Market
Growth Drivers of Japan Car Rental Market
Government regulations of Japan Car Rental Market
Trends and Developments of Japan Car Rental Market
Challenges of Japan Car Rental Market
End User Analysis of Car Rental Market in Japan
Competitive Analysis of Car Rental Market in Japan
Future Outlook and Projections of Car Rental Market in Japan
Analyst Recommendations
Research Methodology
For more insights on the market intelligence, refer to the link below: -
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/japan-car-rental-market-outlook-to-2027/596215-100.html
Related Reports by Ken Research: -
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/netherlands-car-rental-market-outlook-to-2027/596185-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/italy-car-rental-market-research-report/441-100.html
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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
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