Press release
Car Rental Market Worth Reach to Around USD 90.0 Billion by 2020
Zion Research has published a new report titled “Car Rental (Luxury Cars, Executive Cars, Economy Cars, SUV Cars, and MUV Cars) Market for Local Usage, Airport Transport, Outstation, and Other End-users: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020.” According to the report, global car rental market was valued at approximately USD 41.50 billion in 2014 and is expected to reach around USD 90.0 billion in 2020, growing at a CAGR of around 13.5% between 2015 and 2020.Request Sample Report at http://bit.ly/1Ry8fvj
Car rental is a service, wherein a company offers a car to its customers for a specific period ranging from few hours to months at a predefined lease. Car rental is beneficial for one whose car is out of service temporarily of someone who does not have access to their vehicles. Car rental is a most convenient option for the people opting to have car for a specific period without indulging into legalities of buying a car and those who don’t want invest money in buying a car. Most commonly, car rental service provider’s offices are located near airports or busy city center. Most of the time, car rental companies also provide value added services such as insurance, entertainment systems, GPS navigation systems, etc.
Growing tourism is one of the major driving factors for car rental market around the world. The higher penetration of travelers is been noticed especially form North America and Europe region. Online booking services and facilities to return the vehicle in a location of their convenience is also attracting people to hire a car. Additionally, rapidly increasing industrialization and globalization has been resulted into increase in business and leisure trips. This in turn is expected to propel the market growth. However, stringent emission standards and volatility in crude oil prices are anticipated to hold back the growth of the market over forecast period.
Do Inquiry Before buying report at http://bit.ly/2cVW4yh
On the basis of car type, the car rental market has been segmented as luxury cars, executive cars, economy cars, SUV cars, and MUV cars. Economy car was one of the leading segments and accounted for more than 30% share of the total revenue generated by car rental market in 2014. The executive and luxury cars are the second and third largest segments respectively and also expected to experience significant growth in the years to come.
Local usage, airport transport, outstation and including self drive, event transportation, employee transportation solutions, etc among others are the key end-user segments of car rental market. In 2014, the airport transport was the largest segment and accounted for more than 30% of the total revenue generated by car rental market. Vigorous growth of air travelers is mainly driving growth of airport transport segment. The outstation application is also important outlet that is expected to exhibit rapid growth in the years to come at growing CAGR.
Request a Quote at http://www.marketresearchstore.com/requestquote?reportid=39067
North America was the leading regional market for car rental, with around more than 35% share in total revenue generated in 2014. Strong growth in business and leisure travelling is expected to drive the demand for rental cars. Huge population, strong economical growth, increasing disposable income, improved road and infrastructure facilities, steep rise in tourism coupled with rapidly increasing internet usage has been resulted into strong growth car rental market in Asia Pacific region. Europe, Latin America and Middle East are also expected to witness significant growth of car rental market in the years to come.
Some of the key participants for the global rental car market include Avis Budget Group, Inc, Sixt Rent-A-Car, Enterprise Rent-A-Car, The Hertz Corporation, EuropCar, Al-Futtaim Group, Carzonrent, Localiza Rent-A-Car, and Eco Rent-A-Car.
Browse The Full Report at http://bit.ly/2fAbbgp
The report segments the global car rental market as:
Car Rental Market: Car Type Segment Analysis
Luxury cars
Executive cars
Economy cars
SUV cars
MUV cars
Car Rental Market: End-users Segment Analysis
Local usage
Airport transport
Outstation
Others (Including self drive, event transportation, employee transportation solutions)
Car Rental Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
About Us
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact US
Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442 United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com
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 Worth Reach to Around USD 90.0 Billion by 2020 here
News-ID: 381136 • Views: …
More Releases from Market Research Store

Global Building Design and Building Information Modeling (BIM) Software Market D …
The report includes a detailed profile and information of all the major Building Design and Building Information Modeling (BIM) Software market players currently active in the global Building Design and Building Information Modeling (BIM) Software Market. This Building Design and Building Information Modeling (BIM) Software Market Reports aids in the comprehension of the entire market and the identification of growth chances in the worldwide Building Design and Building Information Modeling…

Smart Luggage Market To Witness the Highest Growth Globally in Coming Years 2021 …
Smart Luggage Market
The report for the worldwide Smart Luggage market gives a harsh thought regarding the various factors and patterns influencing the improvement graph of the worldwide market. Advancement of the effect of government strategies and guidelines on the activities in the Smart Luggage market is likewise referenced to offer a comprehensive synopsis of things to come viewpoint of the market. It presents refined development gauges for the Smart Luggage…

Concrete Block and Brick Market Potential Growth, Size, Share, Demand and Analys …
Concrete Block and Brick Market
The report for the worldwide Concrete Block and Brick market gives a harsh thought regarding the various factors and patterns influencing the improvement graph of the worldwide market. Advancement of the effect of government strategies and guidelines on the activities in the Concrete Block and Brick market is likewise referenced to offer a comprehensive synopsis of things to come viewpoint of the market. It presents refined…

Sulfachloropyridazine Sodium Market set size record exponential growth size 2027
Sulfachloropyridazine Sodium Market
The Sulfachloropyridazine Sodium Market report gives an outline of the current market Trend, gradual income, and future viewpoint of the Sulfachloropyridazine Sodium Market.
According to the report, the Global Sulfachloropyridazine Sodium Market is foreseen to observe huge development during the gauge time frame from 2020 to 2027.
The report gives a brief outline and definite bits of knowledge into the market by gathering information from the business specialists…
More Releases for Car
Car Washing Services Market Is Booming So Rapidly with Mister Car Wash, Zips Car …
The Car Washing Services Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market.…
Car Wash Service Market Boosting the Growth Worldwide: Auto Bell Car Wash, Miste …
The latest study released on the Global Car Wash Service Market by AMA Research evaluates market size, trend, and forecast to 2027. The Car Wash Service market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key…
Car Rental Services Market Forecast to 2028 Covid-19 Impact and Global Analysis …
Car rental services are a process of hiring/renting a car for a limited period from a rental company. Various companies like Uber Technologies, Europcar rent the vehicles for a short period ranging from few hours to weeks. The different types of cars rented by the company include Luxury Car, executive car, and economical car among others. Additionally, vehicle renting agencies also offer other products such as insurance, entertainment systems, and…
Car Rentals Market Growth Strategies and Innovative Technology Transformation by …
Worldwide Market Reports has announced the addition of the "Car Rentals Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Car Rentals Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The emergence of own-brand digital ordering platform has been trending in the global Car Rentals market. Car Rentals such as…
Luxury Car Leasing Market Competitors Analysis By German Rent A Car, ANI Technol …
'Global Luxury Car Leasing Market Research Report' the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place. The Luxury Car Leasing report is fragmented in several features which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in…
Car Wash Market is Thriving Worldwide 2026 | Super Star Car Wash, Autobell Car W …
This Car Wash Market research report offers you an array of insights about Automotive industry and business solutions that will support to stay ahead of the competition. Systematic investment analysis is also underlined in this Car Wash Market report which forecasts impending opportunities for the market players.This market report is the outcome of persistent efforts lead by knowledgeable forecasters, innovative analysts and brilliant researchers who carries out detailed and diligent…