Market Snapshot:
A car rental (Self Drive) Also Known as hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and often complemented by a website allowing online reservations. Car rental agencies primarily serve people who require a temporary vehicle.
Highlights from Car Rentals Market Study
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The key Players profiled in the report are Avis Budget Group (United States), Europcar (France), Hertz (United States), Sixt Car Hire (Germany), Enterprise Holdings Inc (United States), National Car Rental (Unites States), Alamo Rent a Car (United States), Dollar Rent a Car (United States), Thrifty Car Rental (United States) and Zoomcar (India). Additionally, other players that are part of this comprehensive study are Uber (United States) and Drivezy (India).
Geographic Breakdown and Segment Analysis
The Global Car Rentals market presents a comprehensive analysis of the Car Rentals market by end-user/application (Local, Airport Transportation and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Car Rentals industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Car Rentals market
Analyst at AMA have segmented the market study of Global Car Rentals market by Type, Application and Region.
Influencing Trend:
Innovation of New Rental Car (Self Drive) Software
Market Growth Drivers:
Increasing Demand in Travel and Tourism, Demand in Various Transportation and Demand in Business Related Trips
Challenges:
Low Level of Acceptance of an Individuals and Higher Rent Price Associate with Car Rentals (Self Drive)
Restraints:
Strict Terms and Conditions and Limited Variety of Car Models
Opportunities:
Increasing Growth in Travel and Tourism Sectors and Increasing Growth in Local Transportation
Market Developments Activities:
On 8 January 2020, Car Rental Platform Zoomcar To Acquire Its Competitor Revv As India’s Car Rental Space Consolidates
On 11 May 2021, Uber Has Launched A New Car Rental Service Called Uber Rent In Washington DC, As Well As Announcing An Expansion To Its Uber Reserve Option To Some Of The US’ Biggest Airports.
The market for Car Rentals is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share.
Key Target Audience
Car Rentals Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others