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Global Car Rental Market to Perceive Accruals of USD 167.69 billion by 2027 with 7.4% of CAGR With Leading Market Players- Avis budget group, SIXT, Enterprise Holdings, Inc, Europcar, Localiza, The Hertz Corporation, Carzonrent India pvt ltd

Market Analysis and Insights: Global Car Rental Market

Car rental or car hire agency is the services that rent automobiles at certain cost for short period of time. These services are by local branches which are generally located near busy areas or airports in the city, and has website to allow online reservations.

Growth in the population and pollution levels, car rental industry has experienced a drastic growth in the years as it has been the most prominent industry in fleet transportation. Manufactures and consumers rely on car rent schemes as they are cost effective such as leasing cars from their owners for a period of three years and then put these cars through app-based booking. Increase in the air traffic and the growth in online trend of car booking as car rentals are the preferred options for travellers as they are fastest mode of transportation. As these advantages promoted growth in the car rental industry. Moreover, adoption of car rental management software will create the growth opportunity in the forecast period of 2020-2027.

Low rates of interest penetration in the developing regions will act as a restraint, and further challenge the growth of the in the car rental market forecast period mentioned above.

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Car rental market is expected to reach USD 167.69 billion by 2027 witnessing the market growth at a rate of 7.4% in the forecast period of 2020 to 2027. The market has witness significant growth in the years to come due to the increase in automotive production across the globe and with consumer preference over luxury and hybrid vehicles with advanced technology.

Major Market Players Covered in The Car rental Market Are:

The major players covered in the global car rental market report are Avis budget group, SIXT, Enterprise Holdings, Inc, Europcar, Localiza, The Hertz Corporation, Carzonrent India pvt ltd, Eco Rent a Car, Advantage OPCO, LLC, Shenzhen Topone Car Rental Co. Ltd, Enterprise Holdings Inc., Bettercar Rental, National Car Rental, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Benefits for Car rental Market:

  • In-depth analysis of the Market is conducted by constructing Market estimations for the key Market segments between 2020 and 2027. The report provides an extensive analysis of the current and emerging Car rental Market trends and dynamics.
  • Key Market players within the Market are profiled in t
  • his report and their strategies are analysed thoroughly, which helps to understand the competitive outlook of the industry.
  • Extensive analysis of the Market is conducted by following key product positioning and monitoring of the top manufacturers within the Market
  • A comprehensive analysis of all the regions (North America, Europe, Asia-Pacific, South America, The Middle East and Africa)

Segmentation: Global Car rental Market

Car rental market is segmented on the basis of type, application, booking, end-use, fare price and rental length. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of type, the car rental market is segmented into luxury cars, executive cars, economy cars, SUVs and MUVs
  • On the basis of application, the car rental market is segmented into local usage, airport transport, outstation and others
  • Based on booking, the car rental market is segmented into offline booking and online booking.
  • Based on end-use, the car rental market is segmented into self-driver and chauffeur-driven
  • Based on fare price, the car rental market is segmented into economy/budget cars, luxury/premium cars
  • On the basis of rental length, the car rental market is segmented into short term and long term

Based on regions, the Car rental Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America

Middle East and Africa (GCC Countries and Egypt)

North America (United States, Mexico, and Canada)

South America (Brazil, Argentina etc.)

Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

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Strategic Points Covered in Table of Content of Global Car rental Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Car rental market

Chapter 2: Exclusive Summary – the basic information of Car rental Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Car rental

Chapter 4: Presenting Car rental Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region 2013-2018

Chapter 6: Evaluating the leading manufacturers of Car rental market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Customization of the Report:

Data Bridge Market Research also provides customization options to tailor the reports as per client requirements. This report can be personalized to cater to your research needs. Feel free to get in touch with our sales team, who will ensure that you get a report as per your needs.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Last Updated: 07-Oct-2020