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(Transportation-News.com, October 01, 2018 ) According to Goldstein Research, global car rental industry size is projected to reach USD 85.1 billion by 2024, growing at a compounded annual growth rate of 5.7% during the forecast period 2016-2024. The growing tourism in a country, and government initiatives to provide the driving license to the foreigners is majorly driving the growth of the market.
Global car rental industry segmentation has been carried out on the basis of rental type, service type, vehicle type, mode of booking and geography. Based on mode of booking, the high market share of offline bookings is declining and the share of online bookings is growing at fast rate. Global car rental industry is largely driven by North America with a revenue share of 40% in 2016, followed by the APAC car rental industry which is growing at highest CAGR of 6.2% during the forecast period.
Industry Segmentation
On the basis of our in-depth analysis, Global Car Rental Industry can be segmented as follows:
By Rental Type
• Interstate Services
• Intrastate Services
• Airport Transfers
By Services Type
• Chauffeur Drive
• Special Events
• Self-Driving
• Car Pool
• Taxi Services
By Vehicles Type
• Luxury Cars
• Executive Cars
• Economy Cars
• Sports Utility Vehicles
• Multi Utility Vehicles
By Mode of Booking
• Online Bookings
• App-based car rental services
• Telephonic car rental services
• Web-Based Car Rental Services
• Offline Bookings
By Region
• North America (US, Canada) {Industry Share (%), Industry Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
Browse Full Report: https://www.goldsteinresearch.com/report/global-car-rental-market-share
“Car Rental Industry Analysis” contains detailed overview of the global car rental industry. On the basis of our in-depth analysis, industry can be segmented in terms of industry segmentation by rental type, service type, vehicle type and mode of booking.
Further, for the in-depth analysis, Global Car Rental Industry Report encompasses the industry growth drivers, industry challenges, risk analysis, industry attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market research report also includes competitive outlook of some of the major players profiling of companies such as Rent-A-Car, Hertz Global Holdings, Inc., Avis Budget Group Inc., Europcar Groupe S.A., Sixt AG., Carzonrent, Enterprise Holding, Uber, OLA, LYFT, Hailo, Grab Taxi, Didi Dache, Gett, LeCAb, cabify, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global car rental industry share along with industry forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their industry centric strategies according to the ongoing and expected trends in the future.
Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-car-rental-market-share
Key questions answered in this Global Car Rental Report
• What is the Global Car Rental Industry Size by 2024 and what would be the expected growth rate of the industry?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the car rental industry trends?
• What are the factors which are driving this industry?
• What are the major barriers to car rental industry growth?
• Who are the key vendors in this industry space?
• What are the industry opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the industry, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.
Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on automotive industry market research report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
sales@goldsteinresearch.com
www.goldsteinresearch.com
Browse Similar Report: Asia Pacific Car Rental Industry
Goldstein Research
Steve Blade
+1-646-568-7747
steve.blade@goldsteinresearch.com
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