The global car rental market was valued at $79,648 million in 2015, and is expected to reach $164,335 million by 2022, growing at a CAGR of 11.6% from 2016 to 2022. Car rental companies offer automobiles on rent with a suitable fee for a certain duration that can range from hours to months. Various types of cars are available on rent, including economy cars, executive cars, luxury cars, SUV’s and MUV’s. These cars are rented for different purposes, including airport transport, local usage, outstation, event transportation, self-drive, and employee transportation. Besides the basic vehicle on rent, car rental firms often offer additional services such as entertainment systems, GPS navigation systems, and insurance. These companies offer their facilities to people who do not own a vehicle, whose vehicle is out of maintenance, or having no access or limited access to personal vehicles. In addition, owners of broken vehicles and tourists & travelers avail these services. This service is generally structured across various local branches that facilitates customer for easy returning of the vehicles at their preferred location. The car rental market is often managed through websites, allowing customers for online reservations.
Development of the travel & tourism industry, rise in disposable income of people in North America & Europe, enhanced road infrastructure, and increase in investment by global funds and players opting for aggregator-based business model are the key drivers of the market. However, negative impact of volatile prices of gasoline & petroleum products on expenditure of the car rental industry hampers the market growth. Growth in trend of internet usage to customize travel trips and for reservations & bookings is expected to unfold various opportunities for the growth of the market.
The market segmentation is based on type of car, rental category, and geography. The type of car segment is categorized into luxury car, executive car, economical car, sports utility vehicle, and multi utility vehicle. The rental category is bifurcated into on airport and off airport rental. Off airport rental is sub segmented into local usage, outstation, and others. Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, South Korea, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the market include Avis Budget Group, Inc., Carzonrent India Pvt Ltd., Enterprise Holdings Inc., Europcar, The Hertz Corporation, Sixt Rent a Car, Uber Technologies Inc., Localiza, Eco Rent a Car, and Budget Rent a Car System, Inc.
KEY BENEFITS
Car Rental Market Key Segmentation
BY TYPE OF CAR
BY RENTAL CATEGORY
BY GEOGRAPHY
MARKET PLAYERS IN THE VALUE CHAIN
Other players in value chain include (profiles not included in the report)
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS
2.2. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Expansion and progression of worldwide travel and tourism industry
3.5.1.2. Rise in the disposable income of people in North America and Europe
3.5.1.3. Enhanced road infrastructure around the globe
3.5.1.4. Investment by global funds and players opting for aggregator based business model
3.5.2. Restraints
3.5.2.1. Negative impact of volatile prices of gasoline and petroleum products on expenditure in car rental industry
3.5.3. Opportunities
3.5.3.1. Growth in trend of using the internet to customize travel trips and for reservations and bookings
CHAPTER 4 CAR RENTAL MARKET, BY TYPE OF CAR
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. LUXURY CAR
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. EXECUTIVE CAR
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. ECONOMICAL CAR
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast
4.5. SPORTS UTILITY VEHICLE (SUV)
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast
4.6. MULTI UTILITY VEHICLE (MUV)
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast
CHAPTER 5 CAR RENTAL MARKET, BY RENTAL CATEGORY
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. ON AIRPORT
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. OFF AIRPORT
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Local usage Off Airport Car Rental
5.3.3.1. Key market trends, growth factors, and opportunities
5.3.3.2. Market size and forecast
5.3.4. Outstation Off Airport Car Rental
5.3.4.1. Key market trends, growth factors, and opportunities
5.3.4.2. Market size and forecast
5.3.5. Others Off Airport Car Rental
5.3.5.1. Key market trends, growth factors, and opportunities
5.3.5.2. Market size and forecast
CHAPTER 6 CAR RENTAL MARKET, BY GEOGRAPHY
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.
6.2.3.1. Market size and forecast
6.2.4. Canada
6.2.4.1. Market size and forecast
6.2.5. Mexico
6.2.5.1. Market size and forecast
6.3. EUROPE
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. GERMANY
6.3.3.1. Market size and forecast
6.3.4. FRANCE
6.3.4.1. Market size and forecast
6.3.5. ITALY
6.3.5.1. Market size and forecast
6.3.6. UK
6.3.6.1. Market size and forecast
6.3.7. REST OF EUROPE
6.3.7.1. Market size and forecast
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. CHINA
6.4.3.1. Market size and forecast
6.4.4. JAPAN
6.4.4.1. Market size and forecast
6.4.5. INDIA
6.4.5.1. Market size and forecast
6.4.6. South Korea
6.4.6.1. Market size and forecast
6.4.7. REST OF ASIA-PACIFIC
6.4.7.1. Market size and forecast
6.5. LAMEA (LATIN AMERICA MIDDLE-EAST AND AFRICA)
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. LATIN AMERICA
6.5.3.1. Market size and forecast
6.5.4. THE MIDDLE EAST
6.5.4.1. Market size and forecast
6.5.5. AFRICA
6.5.5.1. Market size and forecast
CHAPTER 7 RELATED INDUSTRY INSIGHTS
7.1. Global Online Travel Market
7.2. Global Travel Insurance Market
7.3. Global Luxury Travel Market
7.4. Global Smart Transportation Market
CHAPTER 8 COMPANY PROFILES
8.1. AVIS BUDGET GROUP
8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. CARZONRENT INDIA PVT LTD.
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments
8.3. ENTERPISE HOLDING INC.
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments
8.4. EUROPCAR
8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategic moves and developments
8.5. THE HERTZ CORPORATION
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments
8.6. SIXT
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. UBER TECHNOLOGIES INC.
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.7.3. Key strategic moves and developments
8.8. LOCALIZA
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9. ECO RENT A CAR
8.9.1. Company overview
8.9.2. Operating business segments
8.9.3. Business performance
8.9.4. Key strategic moves and developments
8.10. BUDGET RENT A CAR SYSTEM, INC.
8.10.1. Company overview
8.10.2. Operating business segments
8.10.3. Business performance
8.10.3. Key strategic moves and developments
*Other players in the value chain include.
*Profiles of these players are not included. The same will be included on request
LIST OF TABLES
TABLE 1. CAR RENTAL MARKET, BY TYPE OF CAR, 2014-2022 ($MILLION)
TABLE 2. LUXURY CAR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 3. EXECUTIVE CAR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4. ECONOMICAL CAR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5. SPORTS UTILITY VEHICLE (SUV) MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6. MULTI UTILITY VEHICLE (MUV) MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7. CAR RENTAL MARKET, BY RENTAL CATEGORY, 2014-2022 ($MILLION)
TABLE 8. ON AIR PORT CAR RENTAL MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9. OFF AIRPORT CAR RENTAL MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10. LOCAL USAGE OFF AIRPORT CAR RENTAL MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11. OUTSTATION OFF AIRPORT CAR RENTAL MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12. OTHERS OFF AIRPORT CAR RENTAL MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 13. CAR RENTAL MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14. NORTH AMERICA: CAR RENTAL MARKET, BY TYPE OF CAR, 2014-2022 ($MILLION)
TABLE 15. NORTH AMERICA: CAR RENTAL MARKET, BY RENTAL CATEGORY, 2014-2022 ($MILLION)
TABLE 16. NORTH AMERICA: CAR RENTAL MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 17. EUROPE: CAR RENTAL MARKET, BY TYPE OF CAR, 2014-2022 ($MILLION)
TABLE 18. EUROPE: CAR RENTAL MARKET, BY RENTAL CATEGORY, 2014-2022 ($MILLION)
TABLE 19. EUROPE: CAR RENTAL MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 20. ASIA-PACIFIC: CAR RENTAL MARKET, BY TYPE OF CAR, 2014-2022 ($MILLION)
TABLE 21. ASIA-PACIFIC: CAR RENTAL MARKET, BY RENTAL CATEGORY, 2014-2022 ($MILLION)
TABLE 22. ASIA-PACIFIC: CAR RENTAL MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 23. LAMEA: CAR RENTAL MARKET, BY TYPE OF CAR, 2014-2022 ($MILLION)
TABLE 24. LAMEA: CAR RENTAL MARKET, BY RENTAL CATEGORY, 2014-2022 ($MILLION)
TABLE 25. LAMEA: CAR RENTAL MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 26. AVIS BUDGET GROUP: COMPANY SNAPSHOT
TABLE 27. AVIS BUDGET GROUP: OPERATING SEGMENTS
TABLE 28. CARZONRENT: COMPANY SNAPSHOT
TABLE 29. CARZONRENT: OPERATING SEGMENTS
TABLE 30. ENTERPRISE: COMPANY SNAPSHOT
TABLE 31. ENTERPRISE: OPERATING SEGMENTS
TABLE 32. EUROPCAR: COMPANY SNAPSHOT
TABLE 33. EUROPCAR: OPERATING SEGMENTS
TABLE 34. HERTZ: COMPANY SNAPSHOT
TABLE 35. HERTZ: OPERATING SEGMENTS
TABLE 36. SIXT: COMPANY SNAPSHOT
TABLE 37. SIXT: OPERATING SEGMENTS
TABLE 38. UBER: COMPANY SNAPSHOT
TABLE 39. UBER: OPERATING SEGMENTS
TABLE 40. LOCALIZA: COMPANY SNAPSHOT
TABLE 41. LOCALIZA: OPERATING SEGMENTS
TABLE 42. ECO: COMPANY SNAPSHOT
TABLE 43. ECO: OPERATING SEGMENTS
TABLE 44. BUDGET: COMPANY SNAPSHOT
TABLE 45. BUDGET: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2013 - 2016)
FIGURE 2. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 3. TOP INVESTMENT POCKETS IN GLOBAL CAR RENTAL MARKET, BY RENTAL CATEGORY
FIGURE 4. PORTERS FIVE FORCES ANALYSIS
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF SUBSTITUTES
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10. MARKET SHARE ANALYSIS, 2015
FIGURE 11. CAR RENTAL MARKET REVENUE 2015 % SHARE, BY RENTAL CATEGORY
FIGURE 12. CAR RENTAL MARKET REVENUE 2015 % SHARE, BY GEOGRAPHY
FIGURE 13. U.S.: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 14. CANADA: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 15. MEXICO: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 16. GERMANY: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 17. FRANCE: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 18. ITALY: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 19. UK: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 20. REST OF EUROPE: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 21. CHINA: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 22. JAPAN: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 23. INDIA: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 24. AUSTRALIA: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 25. REST OF ASIA-PACIFIC: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 26. LATIN AMERICA: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 27. MIDDLE EAST: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 28. AFRICA: CAR RENTAL MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 29. AVIS BUDGET GROUP SNAPSHOT
FIGURE 30. CARZONRENT SNAPSHOT
FIGURE 31. ENTERPRISE SNAPSHOT
FIGURE 32. EUROPCAR SNAPSHOT
FIGURE 33. HERTZ SNAPSHOT
FIGURE 34. SIXT SNAPSHOT
FIGURE 35. UBER SNAPSHOT
FIGURE 36. LOCALIZA SNAPSHOT
FIGURE 37. ECO SNAPSHOT
FIGURE 38. BUDGET SNAPSHOT
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Published On : December 2019
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