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Car Rental Market Expansion and Growth of the Travelling and Tourism Industry Boosted the Market
The global car rental market is highly consolidated landscape as the top five players accounted for a whopping share of more than 75.0% in 2015, finds Transparency Market Research (TMR). These leading companies are Sixt SE, Europcar, The Hertz Corporation, Avis Budget Group, Inc., and Enterprise Rent-A-Car. The top players are proactively focused on boosting their fleet sizes and offering technologically advanced gadgets for the users, in order to consolidate their shares in various regions.Download the Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1633
The soaring demand for quality and reliable travel services among inbound and domestic travelers in facilitating their tours is a key factor driving the market. The rise in global air passenger traffic and an accelerated demand for convenient outstation tours has boosted the market.
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The intensive promotional activities by leading car rental service providers at airports at developing and developed nations is expected to bolster the uptake. The incorporation of innovative technology in car rental services has led to a surge in their popularity among corporate travelers.
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Evolving consumer preferences have stepped up opportunities for a number of players, which has stimulated them to adopt industry’s best practices to boost their profitability. The adoption of disruptive digital technologies such as advanced telematics by car rental companies has upped the ante in the delivery of exceptional consumer services.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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