Dublin, Nov 20, 2020 (GLOBE NEWSWIRE) – The report “Car Rental Market: Trends, Share, Size, Growth, Opportunities and Global Industry Forecast 2020-2025” has been added to ResearchAndMarkets.com from offer.
The global car rental market is currently experiencing strong growth and is expected to register a CAGR of around 7% between 2020 and 2025.
Car rental refers to the ability to rent automobiles temporarily for a predefined period through online or offline channels. Car rental services are primarily aimed at travelers and individuals who do not own a private vehicle. Car rental is seen as a more cost effective alternative to vehicle ownership because it provides freedom of movement, low cost travel and avoids high costs of ownership. The service providers also offer various other products, such as auto damage repair, insurance indemnity policies, entertainment systems, global positioning systems (GPS) and Wi-Fi networks, to provide a greater convenience to users.
The significant growth of the travel and tourism industry across the globe is one of the key factors for the growth of the market. In addition, the growing urban population with increasing tendency for adventure and travel is also driving the market growth. With this in mind, individuals are adopting car rental services in the form of taxis and carpooling for increased mobility and cost-effective travel.
In addition, the implementation of favorable government policies, as well as the growing awareness of environmental conservation, act as another growth factor. Governments in developed and emerging economies are emphasizing reducing vehicle emissions and promoting car rental services as one of the most economical modes of transportation.
Other factors including the introduction of car rental services through smartphone-based websites and apps, coupled with increasing spending capabilities of the masses, are expected to drive the market forward.
The competitive landscape of the industry was also examined with some of the key players being Avis Budget Group, Inc., Carzonrent India Private Limited, Eco rent a car, Enterprise Holdings, Inc., Enterprise Rent-A-Car, Europcar, Localiza , Sixt SE, The Hertz Corporation, etc.
Key questions addressed in this report:
- How has the global car rental market evolved so far and how will it perform in the years to come?
- What are the main regional markets?
- How does the market break up depending on the reservation?
- How does the market break up depending on the rental period?
- How does the market break up depending on the type of vehicle?
- How does the market break down depending on the application?
- How does the market break down depending on the end user?
- What are the different stages of the industry value chain?
- What are the main drivers and challenges in the market?
- What is the structure of the global car rental market and who are the major players?
- How competitive is the market?
Main topics covered:
2 Scope and methodology
2.1 Study objectives
2.3 Data sources
2.4 Market estimate
2.5 Forecasting methodology
3 Executive summary
4.2 Main industry trends
5 Global Car Rental Market
5.1 Market overview
5.2 Market performance
5.3 Market forecast
6 Market breakdown by reservation
6.1 Offline booking
6.2 Online reservation
7 Market breakdown by rental period
7.1 Short term
7.2 Long term
8 Market breakdown by type of vehicle
9 Market breakdown by application
9.1 Leisure / Tourism
10 Market breakdown by end user
10.2 With driver
11 Market breakdown by region
12 SWOT Analysis
13 Value chain analysis
Analysis of 14 five-force carriers
15 Price indicators
16 Competitive landscape
16.1 Market structure
16.2 Key players
16.3 Profiles of the main actors
- Avis Budget Group Inc.
- Carzonrent India Private Limited
- Eco rent a car
- Enterprise Holdings Inc.
- Enterprise Rent-A-Car
- Sixt SE
- The Hertz company
For more information on this report, visit https://www.researchandmarkets.com/r/7kmsge
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