Industry Background:
Auto Rental business is termed as a service where the car renting is done. The car is basically rent for shorter period of time, generally ranging from a few hours to a few weeks. The auto rental service is often organised with the various local branches near to the airport or anywhere in the city. This service is basically provided to the people who require temporary vehicle. The market of the auto rental is increasing due to the growing demand for reliable travelling because of the rising traffic congestion, moreover concept of self driving is also trending in the market rather then hiring a driver
The Global Auto Rental market presents a comprehensive analysis of the Auto Rental market by product type (Economy, Compact, Intermediate, Standard, Full Size, Premium and Luxury), by end-user/application (Local Usage, Airport Transport, Outstation and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Enterprise (United States), Hertz (United States), Avis Budget (United States), Sixt (Germany), Europcar (France), Localiza (Brazil), CAR Inc. (China), Movida (Brazil), Unidas (Brazil), Goldcar (Spain), eHi Car Services (China), Toyota (Japan), Times Mobility Networks (Japan) and Nissan (Japan). Additionally, other players that are part of this comprehensive study are Fox Rent A Car (United States), ShouQi (China), Volkswagen Leasing (Germany) and Dollar Thrifty Automotive Group (United States).
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Enterprise (United States), Hertz (United States), Avis Budget (United States), Sixt (Germany), Europcar (France), Localiza (Brazil), CAR Inc. (China), Movida (Brazil), Unidas (Brazil), Goldcar (Spain), eHi Car Services (China), Toyota (Japan), Times Mobility Networks (Japan) and Nissan (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Companies are offering high technology gadgets for vehicle users, with an aim to consolidate their shares in the market, Advent of green car rental services open new revenue streams for service providers and Concept of self-driving instead of hiring a driver
Market Growth Drivers:
Substantial demand for car rental services stems from the rising global air passenger traffic and Rising demand for reliable and convenient travel from inbound and domestic travelers
Challenges:
Limited variety of car models can hamper the auto rental service and Higher cost associated with the auto rental service as compared to other transportation service
Restraints:
Rental companies indicate how mileage may lead if it exceeds the limit, the customers has to penalty defined by the rental agency and A rental car cannot leave the country borders
Opportunities:
Technological innovation in the car rental market is exerting a profound impact on their mobility of the vehicles and Industry efforts to make the booking easier through online apps has stoked the popularity of car rental services
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Auto Rental industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Auto Rental
The Booking Type, such as Offline access, is boosting the Auto Rental market and is anticipated to experience a steady growth during the forecast period.
The Customer Type, such as Business and, is boosting the Auto Rental market and is anticipated to experience a steady growth during the forecast period.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)