Car Rental Market 2019 Global Analysis, Size, Growth, Share, Segmentation, Merger, Key Players, Trends, Revenue, Regional, And Industry Forecast To 2023
Jul 15, 2019
Car Rental Market to Rise At 14% CAGR and reach remarkable value by 2023, according Global Car Rental Industry Analysis Report published by Market Research Future. Global Car Rental Market by Type, Mode of Booking, Application, Vehicle Type, and Region with Forecast to 2023.
Pune, India - July 15, 2019 /MarketersMedia/ —
Car Rental Market to Rise At 6.80% CAGR and reach remarkable value by 2023, according Global Car Rental Market Analysis Report published by Market Research Future. Car rental is a service which allows the renting of automobiles for short- or long-term leases which can range from a few hours to a few months. Global Car Rental Industry Report analyzes Market for Car Rental by Type (Local, Outstation, Airport, Others), Mode of Booking (Online, Offline), Application (Business, Non-Business), Vehicle Type (Sedan, SUV, MUV, Luxuries, Others), Region with Forecast to 2023.
Key market players include Enterprise Holdings, Inc. (US), Avis Budget Group (US), Localiza (Brazil), Al-Futtaim Vehicle Rentals Company LLC (Qatar), Bandago Van Rental (US), Capps Truck & Van Rental (US), Eco Rent a Car (India), The Hertz Corporation (US), Sixt SE (Germany), and Europcar (France) among others
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Market Highlights:
Market Research Future has performed a market study on the global car rental market and has found that the market is expected to rise at a CAGR of 14% during the assessment period from 2018 to 2023. Increase in the per capita disposable income of the consumers will increase their purchasing power, which will further enhance their comfort of renting. In the past years, there has been a massive increase in the business and non-business trips around the globe, which aid in the growth of the global car rental market. Rapid growth in urbanization and population makes it difficult for the consumers to drive their own vehicles, which would create a demand for car rental.
Consumers across the globe are witnessing a rise in disposable income which has a significant impact on the adoption of car rentals. Often car rentals are highly affordable and even cheap as they are rented for short periods of time. Growing urbanization and globalization has opened opportunities for travel, and business on a wide scale. Consumers are traveling more than ever before, with air travel being in high demand. Many consumers travel to different cities or countries for short term projects or other reasons. This demographic is key to the car rental market, as these consumers often hire vehicles for the duration of their trip.
Car Rental Industry Segmentation:
The scope of the study segments the global automotive car rental market by type, mode of booking, application, vehicle type, and regions.
Mode of booking has been divided into offline, and online.
Applications have been segmented into business, and non-business.
Vehicle type has been segmented to include SUV, sedan, MUV, luxuries, and others.
Regional Analysis:
North America is estimated to hold the highest revenue market share in the base year; expected to dominate during the forecast period followed by Europe and Asia-Pacific. North America is expected to hold the highest market share in terms of value owing to increased business and nonbusiness trips. Increase in the number of international travelers in the US and Canada will further enhance the demand for car rental in North America.
Europe followed North America in terms of market size. The European market is driven by the rise in tourism in the region as well as stringent government policies which are expected to propel market growth.
Table of Contents:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL CAR RENTAL MARKET, BY TYPE
5.1 INTRODUCTION
5.2 LOCAL
5.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
5.3 OUTSTATION
5.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
5.4 AIRPORT
5.4.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
5.5 OTHERS
5.5.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6 GLOBAL CAR RENTAL MARKET, BY MODE OF BOOKING
6.1 INTRODUCTION
6.2 ONLINE
6.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.3 OFFLINE
6.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
7 GLOBAL CAR RENTAL MARKET, BY APPLICATION
7.1 INTRODUCTION
7.2 BUSINESS
7.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
7.2 NON-BUSINESS
7.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
8 GLOBAL CAR RENTAL MARKET, BY VEHICLE TYPE
8.1 INTRODUCTION
8.2 SEDAN
8.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
8.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
8.3 SUV
8.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
8.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
8.4 MUV
8.4.1 MARKET ESTIMATES & FORECAST, 2018-2023
8.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
8.5 LUXURIES
8.5.1 MARKET ESTIMATES & FORECAST, 2018-2023
8.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
8.6 OTHERS
8.6.1 MARKET ESTIMATES & FORECAST, 2018-2023
8.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
Continued…
List of Tables:
TABLE 1 GLOBAL CAR RENTAL MARKET: BY REGION, 2018-2023
TABLE 2 NORTH AMERICA CAR RENTAL MARKET: BY COUNTRY, 2018-2023
TABLE 3 EUROPE CAR RENTAL MARKET: BY COUNTRY, 2018-2023
TABLE 4 ASIA-PACIFIC CAR RENTAL MARKET: BY COUNTRY, 2018-2023
TABLE 5 ROW CAR RENTAL MARKET: BY COUNTRY, 2018-2023
TABLE 6 GLOBAL CAR RENTAL MARKET, BY TYPE, BY REGIONS, 2018-2023
TABLE 7 NORTH AMERICA CAR RENTAL MARKET, BY TYPE, BY COUNTRY, 2018-2023
TABLE 8 EUROPE CAR RENTAL MARKET, BY TYPE, BY COUNTRY, 2018-2023
Continued…
List of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL CAR RENTAL MARKET SHARE, BY TYPE, 2017 (%)
Continued…
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