Enterprises will go through the stages of response, recovery and renewal.
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In the forecast period, the car rental market will be negatively impacted by the widespread increase in the COVID-19 pandemic. Market growth is likely to increase in 2021 compared to 2020, according to Technavio’s pandemic-focused market research.
With the continuing spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recession curve through the use of technology. Many businesses will go through the response, recovery, and renewal phases. Building resilience and flexibility will help organizations move forward from the COVID-19 crisis to the next normal.
This post-pandemic business planning study will help clients:
- Adjust your strategic planning to move forward as soon as the business is stable.
- Building resilience with selection of effective resources and investments for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crises.
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Key points for market forecasting:
- Impact of blockages, supply chain disruptions, demand disruption, and changing customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic evolves
- Market assessment before and after COVID-19
- Quarterly Impact Analysis and Market Valuation Updates
Technavio offers three forecast scenarios (optimistic, probable and pessimistic), taking into account the impact of COVID-19. Technavio’s in-depth research has directly or indirectly influenced COVID-19 market research reports.
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The related statement of financial performance includes:
Global vehicle insurance market based on usage – The global car insurance market is segmented by pricing scheme (PHYD, PAYD and MHYD), applications (embedded UBI and application based UBI) and geographic location (Europe, North America, APAC, MEA and South America).
Download an exclusive free sample report
The market of wagon leasing in g. Europe – The market for leasing wagons in St. Europe segmented by type (freight wagons, tanks and intermodal transport) and geographic location (Germany, France, United Kingdom, Polandand the rest Europe).
Download an exclusive free sample report
The three main players in the car rental market are:
Avis Budget Group Inc.
The company offers car rental services under the Avis, Budget and Zipcar brands.
Carzonrent India Pvt. Ltd
The company offers a range of car rental services, including intracity taxis, outbound taxis, airport transfers, and corporate car rental.
Enterprise Holdings Inc.
The company offers car rental services through its Enterprise Rent-A-Car (ECAR) brand.
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Car rental market 2021-2025: segmentation
The car rental market is divided into the following segments:
- A type
- Economy class cars
- Executive cars
- Luxury cars
- North America
- Asian-Pacific area
- South America
The car rental market is driven by the development of the travel and tourism industry. In addition, the emergence of intermediaries is expected to push the car rental market towards CAGR above 18% during the forecast period.
For more information on global trends affecting the future of the car rental market, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40065
- Sellers covered
- Supplier classification
- Positioning of sellers in the market
- Competitive scenario
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