Global Car Rental Market to grow at a CAGR of 16.07% during 2016-2020

About Car Rental Services

Car rental services operate through a network of pickup or drop-off points and offer a range of vehicles that customers can pay to drive when required. Car rentals are a substitute to car ownership. In this system, vehicles are owned by a firm or organization that rents them to users for short periods by the day or through monthly or annual plans. Over the past three decades, car rentals have grown from a basic service provided by popular organizations to a widely recognized component of the urban transport industry. They are also quickly developing into a globalized industry that can provide many transportation, land use, environmental, and social benefits.

Technavios analysts forecast the global car rental market to grow at a CAGR of 16.07% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global car rental market for 2016-2020. To calculate the market size, the report considers the revenue generated from the different geographical regions.

The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

Technavio's report, Global Car Rental Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Avis Budget
Carzonrent
Enterprise Holding
Europcar
Hertz
Sixt

Other prominent vendors
Advantage Rent a Car
Hermes Rent a Car
Dollar Thrifty Automotive
Eco Rent-A-Car
E-Z Rent-A-Car
Fox Rent-A-Car
Irish Car Rental
Island Car Rental
Midway Car Rental
Movida Rent A Car
National Car Rental
Payless Car Rental
Trust Middle East Car Rental
Value Car Rental

Market driver
Increase in business travellers
For a full, detailed list, view our report

Market challenge
Limited consumer awareness
For a full, detailed list, view our report

Market trend
Emerging market in APAC
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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