Rental Cars, Global Systematic Thriving Business : Ken Research REQUEST FOR SAMPLE REPORT 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 Buy Now Car rental market business has developed rapidly over the past few years due to increasing development in the travel and tourism industry. The increase in the consumers spending limit along with improved roads or highways infrastructure worldwide are the major factors that encourage consumers to opt for leisure and business trips. This trend in turn boosts the tourism business. With the introduction of information technology in the car rental market, major transformations were made over the past few years. Additionally, cyber technology is used for customizing travel trips, online reservations and bookings that has encouraged consumers to make their travel safe, quick, reliable, and easy. Hassle-free process of online reservations and bookings increased the convenience for both the car rental operators and consumers on a global scale. Mergers, acquisitions and joint ventures are increasing in the global car rental market. The rising crude oil price anticipates a challenge in the car rental market over the next few years. Car rental is the most important service within the urban transport sector. The increasing technology has witnessing an increase in business travellers, demand for car-sharing and growth in megacities. Car rental companies are adding cars that have advanced telematics solutions and navigation functionalities. Car Rental Industry Analysis states that majority of the global consumers prefer rental cars for local and outstation travelling which witnessed a higher growth in car rental market. Time conservation and route flexibility has attracted many consumers towards rental cars which provide day-to-day intra-city navigation globally. Increasing businesses and cultural events in the corporate industries sector has impacted the growth in the global car rental market with event transportation solutions at affordable costs. These trends help in less environmental pollution and transportation of a large number of passengers. Majority of the car rentals use 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 due to their low cost and higher mileage. Almost all the business travellers demand for higher product and service quality along with reliability during travelling in a rental car. According to “Car Rental Business Review”, SUVs and MUVs will exhibit a minor growth over the next decade with a moderate growth in leisure travellers. 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. All the global rental car services operate through a network for pickup or drop-off points. The vehicles are owned by an organization that rents them to consumers for short periods such as a day or for a month or year. The increasing global population demands for effective transportation systems and positive growth is witnessed in the rental cars market over the coming years. For more information, click on the link below: https://www.kenresearch.com/tag/automotive-transportation-and-warehousing/car-rental/161.html Related Report : – https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-vehicle-leasing-market/143546-100.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204 Post Views: 7 Tags: Advanced Telematics Solutions in Global Car Rentals, Car rental Business Review, Car Rental Industry Analysis, Car rental Industry Research and Market Reports, Car rental Industry Research Report, Car rental Market Research Reports, Car rental Market Research Reports Consulting, Global Car Rental Market Analysis, Global Car Rental Market Dynamics, Global Car Rental Market Forecast, Global Car Rental Market Leading Competitors, Global Car Rental Market Opportunities, Global Car Rental Market Report, Global Roads and Highways Infrastructure Market Report, Market Research Reports for Car rental