Rental Cars Creating Space in Organized Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The global car rental market business development in the most recent years was credited to the expansion and progression of the overall travel and tourism industry. The increase in the consumers spending limit along with improved roads or highways infrastructure are the major factors that encouraged the leisure and business trips, in a way boosting the tourism business. The introduction of information technology in the car rental market industry has driven for a major transformation in the past few years. Also, the addition of advance technology to use internet for customizing travel trips, online reservations and bookings has encouraged consumers to makes the whole process of travel safe, quick, reliable, and easy. Hassle-free process of online reservations and bookings increased the convenience for both, the operators and consumers in the car rental market business that witnesses a strong growth. Leading competitors in the car rental market are increasing while undergoing mergers, acquisitions and forming joint ventures. This growth represents expansion in the competitors business territory, gain new emerging market potentials, and enhance the overall profitability in the car rentals market. With the rise in the crude oil prices worldwide it is anticipated to challenge the car rental market over the coming years. Car rental is the most important services in the urban transport industry. With the growing technology, increase in the business travellers is expected; demand for car-sharing and with the growth of megacities. Car rental companies are adding cars that have advanced telematics solutions and navigation functionalities. According to the research report “Car Rental Global Industry Guide_2017”, majority of the consumers prefer rental cars for local and outstation travelling that is supposed to witness a higher growth in this market. The lack of time and route flexibility by the public transport has diverted consumers towards rental cars which provide day-to-day intra-city navigation worldwide. The outstation travelling during weekends is expected to contribute to the significant growth in this market along with the inter-state business transport needs. Increase of businesses and cultural events in the corporate industries sector has also impacted the growth in the car rental market by providing transport to the employees and event transportation solutions at affordable costs. This process helps in less pollution and transportation of a large number of passengers. The types of vehicles used in the car rental market are Multi Utility Vehicles (MUVs), Sports Utility Vehicles (SUVs), economy cars, executive cars, and luxury cars. Economy cars are dominating the car rental industry and will continue to dominate in the next decade. Economy cars are low cost and deliver higher mileage than other cars. The rental cars market is primarily driven by the cost-effectiveness of the economy cars. It was observed that the executive cars will witness a significant growth over the next decade due to the rising demand from the corporate industries. There is a rise in business and leisure trips among the global population. Majority of the business travellers typically demand for higher product and service quality along with reliability during travelling in a vehicle. SUVs and MUVs are expected to exhibit a minor growth over the next decade with a moderate growth in the number of leisure travellers. The growing economy in the developed countries is an added advantage for the growth in the car rental market with increased leisure and recreational activities among consumers. The leading competitors in the global rental cars are Avis Budget Group, Enterprise Rent-A-Car, Europcar, The Hertz Corporation, Sixt, Localiza Rent a Car, Eco Rent A Car, Carzonrent India Private Limited (CIPL), and Al-Futtaim Vehicle Rentals Company. The rental cars market is categorised based on the vehicle type such as economy, executive, luxury, SUV, and MUV cars, by rental category such as airport, local, outstation, and other transport, and geographically, Asia Pacific, Europe, North America, and rest of the world. Rental car services operate through a network for pickup or drop-off points. Also, vehicles are owned by an organization that rents them to consumes’ for short periods such as a day or for a monthly or annual plan. With the increasing in the global population and demand for effective transportation systems will surely witness a positive growth in the rental cars market over the coming years. To know more, click on the link below: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/car-rental-global/95858-100.html Related Reports Car Rental in Thailand Car Rental in Vietnam Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com Tags: Asia Pacific Car Rental Market Research, Car Rental Industry Trends and Developments, Car Rental Market Revenue Worldwide, Europe Car Rental Market Research, Global Car Rental Industry Analysis, Global Car Rental Market Competition, Global Car Rental Market Future Outlook, Global Car Rental Market Major Players, Global Car Rental Market Research, North America Car Rental Market Research, Saudi Arabia Car Rental Market Research