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The global car rental market stood at USD 124,344.7 million in 2019 and is anticipated to reach USD 246,752.1 million by 2025, growing at a CAGR of 12.1% in the forecast period of 2020-2025. Most tourists prefer the online reservation technique for a rental car. Booking online nowadays also serves a variety of purposes, such as, verifying the renter's documents, the information about the car, the ability to drop at and pick up from a certain location, e-signed contracts, cashless transaction, and much more. Online booking also enables vehicle booking from faraway places, without the need to be physically present at the site, which is propelling the industry forward.
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Properties and Applications
Through a car rental company one can rent automobiles for short periods of time through online or offline booking modes.
The car rental market can be categorised on the basis of segments like vehicle type, application, and booking type.
The industry can be divided on the basis of its vehicle type as luxury/premium cars, economy/budget cars, SUVs and MUVs.
The industry can be broadly categorised on the basis of its application type into:
The industry can be divided on the basis of its booking type as offline access and online access.
The EMR report looks into the regional car rental markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
With increased levels of pollution and population, the car rental sector has experienced a dramatic transformation over the past few years, becoming one of the most prominent fleet transportation sectors. Manufacturers and customers depend on multiple cost-effective car rental systems, such as three-year leasing of vehicles from their owners and then renting them through app-based reservations. Furthermore, car rentals contribute significantly to reduce the amount of pollution by decreasing owned-vehicle volumetric sales. In addition, growth in online vehicle booking segment have become the preferred choice for renting, further aiding the car rental market growth. The global car rental market growth is driven primarily by the travel and tourism sector. In addition, increase in disposable incomes along with the enhanced road infrastructure, is fostering industry growth.
The report presents a detailed analysis of the following key players in the global car rental market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Car Rental Market Analysis
6.1 Global Car Rental Market (2015-2019) & Forecast (2020-2025)
6.2 Global Car Rental Market Breakup by Booking Type
6.2.1 Offline Access
6.2.2 Online Access
6.3 Global Car Rental Market Breakup by Booking Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Offline Access
6.3.2 Online Access
6.4 Global Car Rental Market Breakup by Application Type
6.5 Global Car Rental Market Breakup by Application Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Global Car Rental Market Breakup by Vehicle Type
6.6.1 Luxury/Premium Cars
6.6.2 Economy/Budget Cars
6.7 Global Car Rental Market by Vehicle Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Luxury/Premium Cars
6.7.2 Economy/Budget Cars
6.8 Global Car Rental Market by Region
6.8.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.9 Global Car Rental Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Regional Price Analysis
9.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.4 LATAM Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
10 Competitive Landscape & Supplier Analysis
10.1 Ace Rent-a-car
10.1.1 Company Overview
10.1.2 Financial Analysis
10.2 Advantage Rent-a-car
10.2.1 Company Overview
10.2.2 Financial Analysis
10.3 National Car Rental
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 Avis Budget Group Inc. [CAR (NASDAQ)]
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 Eco Rent a Car
10.5.1 Company Overview
10.5.2 Financial Analysis
10.6 Enterprise Holdings Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.7 Hertz Corp. [HRI (NYSE)]
10.7.1 Company Overview
10.7.2 Financial Analysis
10.8 Global Cars
10.8.1 Company Overview
10.8.2 Financial Analysis
10.9 Localiza–Rent-a-car SA [RENT3 (BVMF)]
10.9.1 Company Overview
10.9.2 Financial Analysis
10.10 Europcar Group [EUCAR (EPA)]
10.10.1 Company Overview
10.10.2 Financial Analysis
11 Events and Developments
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