Global
car rental market was valued at USD 36.89 billion in 2013, growing at
a CAGR of 13.6% from 2014 to 2019 to account for USD 79.46 billion in
2019.
Increasing
GDP levels, increasing volumes of both inbound and domestic tourists
coupled with rise in disposable incomes and improving road
infrastructure are factors driving the car rental industry. The
emerging business class in India and China along with the green
revolution in the automobile industry is further driving the car
rental market. However, the volatility in petroleum product prices,
along with high gasoline price, is expected to affect both consumers
spending levels and economic conditions across the globe, thereby
leaving a moderate impact on the global car rental industry.
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the full Car Rental Market report
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Economy
cars led the global car rental market by accounting for USD 11.56
billion in the year 2013. The executive cars and multi-utility
vehicles (MUV's) segments are expected to grow at a faster rate than
the other segments, owing to rapid globalization leading to high
level of economic activities and increase in business travelers
across the globe. Growing business and rapid industrialization in the
emerging economies of Asia-Pacific and the Rest of the World region
are further expected to drive growth in the car rental market over
the forecast period from 2014 to 2019.
The
airport transport segment led the car rental market in 2013, by
accounting for USD 15.99 billion. The dominance of this segment is
due to the rise in the number of air travelers for the purpose of
tourism and leisure, coupled with rapid globalization and
industrialization leading to high level of economic activities across
the globe. Both the local usage segment and others segment which
includes self-drive, event transportation and employee transportation
solutions are expected to grow at a CAGR of 13.7% each, over the
forecast period from 2014 to 2019.
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Geographically,
North America led the global car rental market by accounting for USD
14.66 billion in 2013. Although the market is expected to witness
least growth rate as compared to other regions, the region is
expected to continue its dominance in 2019. The car rental market in
North America is highly concentrated by players, such as Enterprise,
Hertz, Avis Budget Group and other regional and local companies,
which have substantial presence at various airports across the U.S.
and Canada. Europe and Asia-Pacific followed North America by
accounting for almost half of the global market revenue share.
The
report provides company market share analysis of the various industry
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies, SWOT
analysis, and recent developments in the field of Car Rental. Major
market participants profiled in this report include Enterprise
Rent-A-Car, The Hertz Corporation, Avis Budget Group, Inc., EuropCar
and Sixt among others.
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all Press Releases:
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Car
Rental Market: By geography
North
America
Europe
Asia
Pacific
Rest
of the World
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all Article :
http://www.transparencymarketresearch.com/articles.htm
Car
Rental Market: By type of car
Luxury
Cars
Executive
Cars
Economy
Cars
SUV's
MUV's
Car
Rental Market: By category
Local
Usage
Airport
Transport
Outstation
Others
(self drive, event transportation, employee transportation solutions)
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
North
America
Europe
Asia
Pacific
Rest
of the World (RoW)
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Energy & Mining Market Research Reports @
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