Industries > Automotive > Car Rental Market Report 2020-2030

Car Rental Market Report 2020-2030

Forecasts by End-use (Local Usage, Airport Transport, Outstation, Others) & by Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUV’s, MUV’s), Analysis of Technological Advancements Driving the Market

PUBLISHED: 10 March 2020
PAGES: 161
PRODUCT CODE: AUT0141
SUBMARKET: Infrastructure

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This latest report by business intelligence provider Visiongain assesses that the global Car Rental market is expected to grow at a lucrative rate during the forecast period.

Car Rental Service is defined as the vehicle renting service offered by the companies to the user looking to use a car for any term which can be as short as 5-12 hours or long as a year. The customers use the mobile app or desktop browser which provides them the ability to register and log in to the Web App to book, track or cancel their rental plan and cost. The Web App is responsive, allowing the customer to view it on any device, from tablets to mobile phones and desktop computers. The administrator or the rental companies are also able to login through the same form but have the ability to add/remove new car rentals, change prices, and so on. Potential customers are able to view all the cars available to rent even without logging in as well as rent without having an account, though the option is provided upon checkout.

Companies offer car rental service for both foreign and local customers. These companies carry out their daily work by providing; their service to the customers using manual system or automatic systems. The companies use a business intelligence system or traditional manual systems for reserving, renting, register and to keep record of all the rental activities and customer information.

Customers are the vital stakeholders, and with a mobile/web car rental service, one can find the convenience of obtaining a car with circumstances ranging from their current vehicle breaking down to needing a means of transport during vacation or a corporate meeting. The mobile app and ability to rent at a click puts an extreme time saving benefit for the customer having to search around to even find a car rental building. With the car rental service, the companies also assist to locate the store as well as even take the car for the customers, if the customer chooses so.

Car Rental encompasses three discrete sub segments and is segmented by end-use, and vehicle type
• Based on the End-use the global car rental market is segmented as Local Usage, Air Transport, Outstation, and others.
• Based on the Vehicle Type technique the global car rental market is segmented as executive cars, luxury cars, economy cars, SUV’s, and MUV’s.
• Based on the geographic penetration the global car rental market is segmented as North America, Europe, Asia-Pacific and Rest of World

The 161-page report provides clear, detailed insight into the global Car Rental market. Discover the key drivers and challenges affecting the market.

By ordering and reading our brand-new report today, you stay better informed and ready to act.

Report Scope
The report delivers considerable added value by revealing:

• 190 tables, charts and graphs are analysing and revealing the growth prospects and outlook for the Car Rental market.

• Global Car Rental market forecasts and analysis from 2020-2030

• Car Rental market provides CAPEX forecasts and analysis from 2020-2030 for the Car Rental submarkets:
• Top 5 prominent Countries in the Car Rental market
• UK
• India
• Australia
• South Korea
• China

Car Rental Market Report 2020-2030

Top 5 companies in the Car Rental market:
• Enterprise Holdings
• Hertz Global Holdings
• Avis Budget Group
• Europcar Mobility Group
• Sixt SE

Recent Companies Activity
Nation Car Rental, a company owned Enterprise Holdings announced an enhanced Car and Driver service offering that makes visiting China more efficient and convenient than ever. The customers can now book transportation – including a car and professional driver – directly through National Car Rental’s website and mobile app.

The Enterprise Rent-A-Car Foundation has donated US$40 Mn to-date to food banks around the world as part of Enterprise’s Fill Your Tank® program, one of the largest donations aimed at fighting hunger.

Hertz announced a new campaign that recognizes the people who helped make Hertz #1 in customer satisfaction. To start, the company partnered with American football running back, Jerome “The Bus” Bettis to celebrate customers with special experiences at the Big Game.

Hertz earned the No. 1 overall ranking in the J.D. Power 2019 North America Rental Car Satisfaction Study – a direct result of the company’s commitment to providing caring, personalized service, offering top-rated vehicles and investing in customer-centric technologies that enhance the travel experience.

Avis Budget Group announced a new agreement with Fiat Chrysler Automobiles (FCA) Group to connect more than 22,000 Fiat vehicles in Avis Budget Group’s European fleet. This allow Avis customers to manage their entire rental experience through the Avis mobile app, including choosing the exact vehicle they want, selecting an upgrade and extending the duration of their rental from their phones

The report provides detailed profiles of key companies operating within the Car Rentals market:
• Enterprise Holdings
• Hertz Global Holdings
• Avis Budget Group
• Europcar Mobility Group
• Sixt SE
• Localiza
• National Car Rental
• Zoomcar Inc.
• Alamo Rent a Car
• Thrifty Car Rental
• Rentalcars.com
• UNIDAS S.A.

as well as key analysis and assessment of other important players

This independent, 161-page report guarantees you will remain better informed than your competition. With more than 122 tables and figures examining the Car Rentals market space, the report gives you a visual, one-stop breakdown of your market. PLUS, capital expenditure forecasts, as well as analysis, from 2020- 2030 keeps your knowledge that one step ahead that you require to succeed.

This report is essential reading for you or anyone in the Automotive sector with an interest in Car Rentals. Purchasing this report today will help you to recognize those important market opportunities and understand the possibilities there. I look forward to receiving your order.

Buy our report today Car Rental Market Analysis Research: Forecasts by End-use (Local Usage, Airport Transport, Outstation, Others) & by Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUV’s, MUV’s), Analysis of Technological Advancements Driving the Market. Avoid missing out by staying informed – order our report now.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

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