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(Transportation-News.com, March 16, 2018 ) The report “North America vehicle rental market is expected to reach USD 159.73 Billion by the year 2024, at a CAGR of 17.38% during forecast period. Key points like expansion and progression of worldwide travel and tourism industry, incorporation of advanced digital technologies in car rental services, investment by global funds and players opting for aggregator based business model are accelerating this market and the factors like negative impact of volatile prices of gasoline and petroleum products on expenditure in car rental industry, immense traffic problems in metropolitan cities & pollution effect on environment are hampering the market growth.
Vehicle Rental Markets deal with vehicles on the rental basis and lease. These are the boom in the markets of transport as this have many advantages like increased concern and awareness of lower emissions compiled by the reducing the number of cars on road are making this markets more reliable. North America is considered to be one of the major markets in this regard. The Markets related to North America are having inclined growth in the forecast period of 2018 – 2024.
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This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
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Key pointers in the report include:
• Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges and constraints on the market during the next five years.
• Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope for the market in end user industries.
• Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
• Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market.
• A complete 360 degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period.
• Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request.
• All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.
North America vehicle rental Market Top Players
• Avis Budget Group Inc.
• Localiza – Rent a Car SA
• Advantage Rent-a-car Corporation
• Carzonrent Ltd
• Fox-Rent-a-car
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