DESCRIPTION
Global Car Rental Market: Overview
Car rental has emerged to be one of the most prominent services operating in the urban transport sector.Rising demand for car sharing, growth of megacities and increase in the number of business travelers are some of the crucial reasons which will lead to a huge growth in the car rental industry. The leading car rental companies operating in the global market such as, Avis Budget Group, Inc., The Hertz Corporation and The Sixt Rent, have been adding cars to their existing fleet which have advanced telematics and navigation solutions. The market is highly competitive with several international and regional companies operating in the market. A car rental company rents and leases vehicles for a particular period of time for a specified amount of fees. The time can range from a few hours to a few months. Car rental companies are also accompanied by websites for allowing online reservations which are hassle-free and convenient compared to traditional reservation methods.
The car rental industry is majorly driven by expansion and growth of the travelling and tourism industry. The globally rising disposable incomes, coupled with enhanced road infrastructure are the key factors which have boosted the number of leisure and business trips, this in turn will drive the growth trajectories of the global car rental market. In recent years, the car rental industry has witnessed implementation of information technology. The use of internet for arranging trips and online reservations is becoming increasingly prevalent.
The advent of information technology in this industry has made the entire procedures of booking and reserving trips quicker, safer and easier and reliable for the customers.However, tighteningof emission standards and volatility of crude oil prices is expected to have moderate negative impact on the car rental industry.The International Energy agency has constantly warned about the increase in carbon dioxide emissions over the years. Many international meetings and agreements have demanded both the emerging and mature economies to cut down emissions significantly. Thus, this factor creates the need for green energy generation, in order to reduce carbon dioxide emissions and overall environmental pollution. As a result, leading companies, such as Enterprise Rent-A-Car, have adopted green car rentals. Other players are also aiming to adopting the same soon.
Global Car Rental Market: Segmentation
The global car rental market report segments the market on the basis of geography as North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America, and these have been estimated in terms of revenue (USD billion). The report also segments the market based on the types of cars, which include luxury cars, executive cars, economy cars, SUV's and MUV's. The global car rental market is further segregated on the basis of category into local usage, airport, outstation, and others (self-drive, event transportation, employee transportation solutions). All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).
For a more detailed understanding of the market, a supply chain analysis along with Porter's Five Forces analysis has been given. These two analysis will give a brief idea about the intensity of competition present in the market. Additionally, our study also provides a market attractiveness analysis, where the car type segment has been analyzed based on their market scope, general attractiveness and growth rate.
Global Car Rental Market: Competitive Analysis
The report provides company market share analysis of various industry participants. The company profiles are inclusive of the company overview, financial overview, business strategies, SWOT analysis, and recent developments in the field of car rental. Some of the major market participants profiled in this report include Enterprise Rent-A-Car, The Hertz Corporation, Avis Budget Group, Inc., EuropCar and Sixt among others.
The global car rental market has been segmented as follows:
By Car Type
Luxury Cars
Executive Cars
Economy Cars
SUVs
MUVS
By Category
Local Usage
Airport Transport
Outstation
Others
By Geography
North America
The U.S.
Canada
Mexico
Europe
The U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Middle East and Africa (MEA)
U.A.E
South Africa
Rest of Middle-East and Africa
Latin America
Brazil
Rest of Latin America
Rest of Latin America
Table of Contents
Section 01: Preface
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Objectives
1.4. Key Questions Answered
Section 02: Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Acronyms Used
2.3. Research Methodology
Section 03: Executive Summary
3.1. Global Car Rental Market Snapshot
3.2. Drivers
3.3. Key Trends
3.4. Restraints
Section 04: Market Overview
4.1. Overview
4.2. Key Trend Analysis
4.3. Drivers and Restraints Snapshot Analysis
4.4. Drivers
4.5. Restraints
4.6. Opportunity Analysis
4.7. Porter's Analysis
4.8. Supply Chain Analysis of Car Rental Market
4.9. Car Rental Market Share Analysis by Company
4.10. Competitive strategies adopted by major players
4.11. Market Attractiveness Analysis
Section 05: Car Rental Market Analysis, By Car Type
5.1. Introduction
5.2. Global Car Rental Market Value Share Analysis, By Car Type
5.3. Global Car Rental Market Revenue and Forecast, By Car Type
5.4. Luxury Cars
5.5. Executive Cars
5.6. Economy Cars
5.7. SUVs
5.8. MUVs
Section 06: Car Rental Market Analysis, By Category
6.1. Introduction
6.2. Global Car Rental Market Value Share Analysis, By Category Type
6.3. Global Car Rental Market Revenue and Forecast, By Category Type
6.4. Local Usage
6.5. Airport Transport
6.6. Outstation
6.7. Others
Section 07: Car Rental Market Analysis, by Region
7.1. North America
7.2. Europe
7.3. Asia Pacific
7.4. Middle East and Africa
7.5. Latin America
7.6. Geographical scenario
7.7. Car Rental Market Value Share Analysis, By Region
7.8. Car Rental Market Revenue and Forecast, By Region
Section 08: North America Car Rental Market Analysis
8.1. North America Car Rental Market Value Share Analysis, By Car Type
8.2. North America Car Rental Market Revenue and Forecast, By Car Type
8.3. North America Car Rental Market Value Share Analysis, By Category Type
8.4. North America Car Rental Market Revenue and Forecast, By Category Type
8.5. North America Car Rental Market Value Share Analysis, By Country Type
8.6. North America Car Rental Market Revenue and Forecast, By Country Type
8.7. U.S. Car Rental Market Analysis
8.8. Canada Car Rental Market Analysis
8.9. Mexico Car Rental Market Analysis
Section 09: Europe Car Rental Market Analysis
9.1. Europe Car Rental Market Value Share Analysis, By Car Type
9.2. Europe Car Rental Market Revenue and Forecast, By Car Type
9.3. Europe Car Rental Market Value Share Analysis, By Category Type
9.4. Europe Car Rental Market Revenue and Forecast, By Category Type
9.5. Europe Car Rental Market Value Share Analysis, By Country Type
9.6. Europe Car Rental Market Revenue and Forecast, By Country Type
9.7. U.K. Car Rental Market Analysis
9.8. Germany Car Rental Market Analysis
9.9. France Car Rental Market Analysis
9.10. Italy Car Rental Market Analysis
9.11. Rest of Europe Car Rental Market
Section 10: Asia Pacific Car Rental Market Analysis
10.1. Asia Pacific Car Rental Market Value Share Analysis, By Car Type
10.2. Asia Pacific Car Rental Market revenue and Forecast, By Car Type
10.3. Asia Pacific Car Rental Market Value Share Analysis, By Category Type
10.4. Asia Pacific Car Rental Market Revenue and Forecast, By Category Type
10.5. Asia Pacific Car Rental Market Value Share Analysis, By Country Type
10.6. Asia Pacific Car Rental Market revenue and Forecast, By Country Type
10.7. China Car Rental Market Analysis
10.8. India Car Rental Market Analysis
10.9. Japan Car Rental Market Analysis
10.10. Rest of Asia Pacific Car Rental Market Analysis
Section 11: Middle East and Africa Car Rental Market Analysis
11.1. Middle East and Africa Car Rental Market Value Share Analysis, By Car Type
11.2. Middle East and Africa Car Rental Market Revenue and Forecast, By Car Type
11.3. Middle East and Africa Car Rental Market Value Share Analysis, By Category Type
11.4. Middle East and Africa Car Rental Market revenue and Forecast, By Category
11.5. Middle East and Africa Car Rental Market Value Share Analysis, By Country
11.6. Middle east and Africa Car Rental Market Revenue and Forecast, By Country
11.7. UAE Car Rental Market Analysis
11.8. South Africa Car Rental Market Analysis
11.9. Middle East and Africa Car Rental Market Analysis
Section 12: Latin America Car Rental Market Analysis
11.1. Latin America Car Rental Market Value Share Analysis, By Car Type
11.2. Latin America Car Rental Market revenue and Forecast, By car Type
11.3. Latin America Car Rental Market value Share Analysis, By category Type
11.4. Latin America Car Rental market Revenue and Forecast, By Category Type
11.5. Latin America Car Rental Market Value Share Analysis, By Country
11.6. Latin America Car Rental Market Revenue and Forecast, By Country
11.7. Brazil Car Rental Market Analysis
11.8. Argentina Car Rental market
11.9. Rest of Latin America Car Rental Market Analysis
Section 12: Company Profiles
12.1. Avis Budget Group, Inc.
12.1.1. Company Details (HQ, Foundation Year, Employee Strength)
12.1.2. Market Presence, By Segment and Geography
12.1.3. Strategy and SWOT Analysis
12.1.4. Revenue and Y-o-Y Growth
12.2. sixt Rent A Car
12.2.1. Company Details (HQ, Foundation Year, Employee Strength)
12.2.2. Market Presence, By Segment and Geography
12.2.3. Strategy and SWOT Analysis
12.2.4. Revenue and Y-o-Y Growth
12.3. Enterprise Rent A Car
12.3.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.2. Market Presence, By Segment and Geography
12.3.3. Strategy and SWOT Analysis
12.3.4. Revenue and Y-o-Y Growth
12.4. The Hertz Coorporation
12.4.1. Company Details (HQ, Foundation Year, Employee Strength)
12.4.2. Market Presence, By Segment and Geography
12.4.3. Strategy and SWOT Analysis
12.4.4. Revenue and Y-o-Y Growth
12.5. EuropCar
12.5.1. Company Details (HQ, Foundation Year, Employee Strength)
12.5.2. Market Presence, By Segment and Geography
12.5.3. Strategy and SWOT Analysis
12.5.4. Revenue and Y-o-Y Growth
12.6. Al-Futtaim Group
12.6.1. Company Details (HQ, Foundation Year, Employee Strength)
12.6.2. Market Presence, By Segment and Geography
12.6.3. Strategy and SWOT Analysis
12.6.4. Revenue and Y-o-Y Growth
12.7. Eco Rent A Car
12.7.1. Company Details (HQ, Foundation Year, Employee Strength)
12.7.2. Market Presence, By Segment and Geography
12.7.3. Strategy and SWOT Analysis
12.7.4. Revenue and Y-o-Y Growth
12.8. Localiza Rent A Car
12.8.1. Company Details (HQ, Foundation Year, Employee Strength)
12.8.2. Market Presence, By Segment and Geography
12.8.3. Strategy and SWOT Analysis
12.8.4. Revenue and Y-o-Y Growth
12.10. Carzonrent
12.10.1. Company Details (HQ, Foundation Year, Employee Strength)
12.10.2. Market Presence, By Segment and Geography
12.10.3. Strategy and SWOT Analysis
12.10.4. Revenue and Y-o-Y Growt
List of Figures
FIG. 1: Global Market Size, Indicative (US $ Bn)
FIG. 2: Market Share, By Category Type, 2015
FIG. 3: Global Population and Internet Users
FIG. 4: Global Carbon dioxide emissions, 2000-2030 (Billion Metric Tones)
FIG. 5: Supply Chain Analysis of CarRental Market
FIG. 6: Global Car Rental Market Share Analysis, By Company (2015)
FIG. 7: Market Attractiveness Analysis, By Region, 2015
FIG. 8: Global Car Rental Market Value Share Analysis By Car Type, 2015 and 2024
FIG. 9: Global Car Rental Market Revenue, Luxury Cars (US$ Bn), 2015-2024
FIG. 10: Global Car Rental Market Revenue, Executive Cars (US$ Bn), 2015-2024
FIG. 11: Global Car Rental Market Revenue, Economy Cars (US$ Bn), 2015-2024
FIG. 12: Global Car Rental Market Revenue, SUVs, (US$ Bn), 2015-2024
FIG. 13: Global Car Rental Market Revenue, MUVs, (US$ Bn), 2015-2024
FIG. 14: Global Car Rental Market Value Share Analysis, By Category Type, 2015 and 2024
FIG. 15: Global Car Rental Market Revenue, Local Usage (US$ Bn), 2015-2024
FIG 16: Global Car Rental Market Revenue, Airport Transport (US$ Bn), 2015-2024
FIG. 17: Global Car Rental Market Revenue, Outstation (US$ Bn), 2015-2024
FIG. 18: Global Car Rental Market Revenue, Others (US$ Bn), 2015-2024
FIG. 19: Global Car Rental Market Value Share Analysis, By Region, 2015 and 2024
FIG. 20: North America Car Rental Market Value Share Analysis, By Car Type, 2015 and 2024
FIG. 21: North America Car Rental Market Value Share Analysis, By Category Type, 2015 and 2024
FIG. 22: North America Market Value Share Analysis, By Country, 2015 and 2024
FIG. 23: U.S. Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 24: Canada Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 25: Mexico Car Rental Market Revenue (US$ Bn), 2015-2024 Adaptive Optics Market
FIG. 26: Europe Car Rental Market Value Share Analysis, By Car Type, 2015-2024
FIG. 27: Europe Car Rental Market Value Share Analysis, By Category Type, 2015-2024
FIG. 28: Europe Car Rental Market Value Share Analysis, By Country, 2015-2024
FIG. 29: U.K. Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 30: Germany Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 31: France Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 32: Italy Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 33: Rest of Europe Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 34: Asia Pacific Car Rental Market Value Share Analysis, By Car Type,2015-2024
FIG. 35: Asia Pacific Car Rental Market Value Share Analysis, By Category, 2015-2024
FIG. 36: Asia Pacific Car Rental Market Value Share Analysis, By Country, 2015-2024
FIG. 37: China Car Rental Market Revenue (US$ Bn), 2015-2024
FIG 38: India Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 39: Japan Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 40: Rest of Asia Pacific Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 41: Middle East and Africa Car Rental Market Value Share Analysis, By Car Type, 2015-2024
FIG. 42: Middle East and Africa Car Rental Market Value Share Analysis, By Category Type, 2015 and 2024.
FIG. 43: Middle East and Africa Car Rental Market Value Share Analysis, By Country, 2015 and 2024
FIG. 44: UAE Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 45: South Africa Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 46: Rest of Middle East and Africa CarRental Market Revenue (US$ Bn), 2015-2024
FIG. 47: Latin America Car Rental Market Value Share Analysis By Car Type, 2015 and 2024
FIG. 48: Latin America Car Rental Market Value Share Analysis By Category Type, 2015 and 2024
FIG. 49: Latin America Car Rental Market Value Share Analysis By Country, 2015 and 2024
FIG. 50: BrazilCar Rental Market Revenue (US$ Bn), 2015-2024
FIG. 51: Argentina Car Rental Market Revenue (US$ Bn), 2015-2024
FIG. 52: Rest of Latin America Car Rental Market Revenue (US$ Bn), 2015-2024
List of Tables
TABLE 1: Growth in number of Air Passengers
TABLE 2: Global Car Rental Market Revenue (US$ Bn) and Forecast, By Car Type, 2015-2024 Size
TABLE 3: Global Car Rental Market Revenue (US$ Bn) and Forecast, By Category Type, 2015-2024
TABLE 4: Global Car Rental Market Revenue (US$ Bn) and Forecast, By Region, 2015-2024
TABLE 5: North America Car Rental Market Revenue (US$ Bn) and Forecast, By Car Type, 2015-2024
TABLE 6: NorthAmerica Car Rental Market Revenue (US$ Bn) and Forecast, By Category Type, 2015-2024
TABLE 7: North America Car Rental Market Revenue (US$ Bn) and Forecast, By Country, 2015-2024
TABLE 8: Europe Car Rental Market Revenue (US$ Bn) and Forecast, By Car Type, 2015-2024
TABLE 9: Europe Car Rental Market Revenue (US$ Bn) and Forecast, By Category Type, 2015-2024
TABLE 10: Europe Car Rental Market Revenue (US$ Bn) and Forecast, By Country, 2015-2024
TABLE 11: Asia Pacific Car Rental Market Revenue (US$ Bn) and Forecast, By Car Type, 2015-2024
TABLE 12: Asia Pacific Car Rental Market Revenue (US$ Bn) and Forecast, By Category Type, 2015-2024
TABLE 13: Asia Pacific Car Rental Market Revenue (US$ Bn) and Forecast, By Country Type, 2015-2024
TABLE 14: Middle East and Africa Car Rental Market Revenue (US$ Bn) and Forecast, By Car Type, 2015-2024
TABLE 15: Middle East and Africa Car Rental Market Revenue (US$ Bn) and Forecast, By Category Type, 2015-2024
TABLE 16: Middle East and Africa Car Rental Market Revenue (US$ Bn) and Forecast, By Country, 2015-2024
TABLE 17: Latin America Car Rental Market Revenue (US$ Bn) and Forecast, By Car Type, 2015-2024
TABLE 18: Latin America Car Rental Market Revenue (US$ Bn) and Forecast, By Category Type, 2015-2024
TABLE 19: Latin America Car Rental Market Revenue (US$ Bn) and Forecast, By Country, 2015-2024
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