Philippines Car Rental Market is driven by Rise in Urban Population, Changing Social Habits of Local People and Emergence of New Players: 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 “A steady increase in the demand for premium category cars and an increase in migrants from China due to a Pro China Policy have been driving the Car Rental Market in Philippines”. Increase in the Number of Tourist Arrival: There has been an increase in the number of tourists arriving in the country. From 4.7 million in 2013, the number of tourists arriving in the country has increased to 7.1 million to 2018. Influx of higher number of people has positively contributed to car rental business owing to increased demand for rental cars for business trips, travel purpose and on/off airport travel. Monopolistic Environment in the Cab Aggregator Market: Following the acquisition of Uber by Grab, the market has been led by Grab with a dominant share in the overall market. Although, new companies have recently entered the cab aggregator market in the Philippines, it has been difficult for them to capture the market due to the strong hold of Grab in the cab aggregator space. Corporate Leasing: Market has witnessed increased demand for leased vehicles by legal entities, as leasing provides many benefits including low monthly payments, tax benefits, prestige of having new cars after every few years and no maintenance fees. Challenging Driving Conditions: The market is hampered by the severe traffic problem (especially in Metro Manila) and unsafe driving practices in the country. There is also lack of space for parking the vehicles in the major metro cities. All these factors have contributed to the rise in demand for car rental and cab aggregator market in Philippines. The report Titled “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” by Ken Research suggested that the car rental market in Philippines has been growing due to increasing competition amongst the major domestic players. Car Rental Industry Revenue is expected to grow at a CAGR of 7.2%. Car leasing industry revenue is expected to grow at a CAGR of 6.9% and Cab Aggregator market is expected to grow at a CAGR of 12% during the period 2018-2023. Interested to Know More about this Report- Request for a sample report Key Segments Covered:- Car Rental Market By Purpose of Hire Leisure Business Insurance Replacement Region Luzon Visayas Mindanao Type of Car Economy SUV/AUV Premium Booking Type Offline Online and App Booking Car Leasing Market Duration of Lease First Year Second Year Third Year Four Year or More By Region Luzon Visayas Mindanao Sedans Type of Car Sedans SUV/AUV Premium Cab Aggregator Market Region Metropolitan Non Metropolitan Yellow Taxi (Key Parameters and Fleet Size) Key Target Audience:- Car Rental Companies Cab Aggregator Companies Car Leasing Companies Automobile Companies Tourism Companies Corporate Sector Hospitality Sector Visit this Link :- Request for custom report Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2018-2023E Companies Covered:- Avis Budget Nissan Europcar Hertz Orix Diamond Rental Grab Owto Hirna Go Lag U Hope Micab For More Information, Refer To Below Link:– Philippines Car Rental Market Related Reports:- Costa Rica Car Rental, Leasing, Cab Aggregator And Red Taxi Market Outlook To 2023 – Driven By Inbound And Domestic Tourist Arrivals And Integration Of Electric Vehicles In Current Fleet Poland Car Rental Market By Market Structure (Organized And Unorganized Sector), By Mode Of Booking (Online And Offline), By Clients (Leisure And Business), By Pick-Ups (Airport And Off-Airport), By Car Type (Small, Medium And Large) And By Major Regions – Outlook To 2022 Kuwait Vehicle Leasing Market Outlook To 2023 – By Vehicle Type (Suv/Muv, Sedan, Pickups And Luxury Segment) And By End Users (Oil & Gas, Government, Construction, Logistics And Transportation, Telecom And Electrical And Others) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Post Views: 6 Tags: Avis Car Rental Market Philippines Revenue, Budget Car Rental Philippines Fleet, Budget Philippines Car Rental Market, Cab Aggregator Industry Philippines, Cab Aggregator Market Challenges Philippines, Cab Aggregator Market Philippines, Cab Aggregator Market Trends Philippines, Car Leasing Industry Philippines, Car Leasing Market Business Model Philippines, Car Leasing Market Challenges Philippines, Car Leasing Market Philippines, Car Rental Industry In Philippines, Car Rental Market Business Model Philippines, Car Rental Market In Philippines, Car Rental Market Issues Philippines, Corporate Sector Car Rental Philippines, Diamond Rental Car Market Philippines, Electric Vehicle Market Philippines, Europcar Car Rental Philippines Market Share, Grab Car Rental Market Philippines Fleet Size, Hertz Car Rental Market Philippines Fleet, Hirna Car Rental Market Philippines Revenue, Hospitality Sector Car Rental Market Philippines, Ibahagi ang Europcar Car Rental Philippines Market Market, Industry Research Report Of Philippines Car Rental, Major Companies in Philippines Car Rental, Market Future Outlook ng Car Rental ng Pilipinas, Market Research Report Of Philippines Car Rental, Market Vehicle Rental ng Pilipinas, Mga Pangunahing Mga Kumpanya sa Philippines Car Rental, Nissan Philippines Car Rental Market, Orix Car Rental Market Philippines Revenue, Orix Philippines Car Rental Market, Pagbabahagi ng Car Rental ng Pilipinas, Philippines AUV Car Rental Market, Philippines Cab Aggregator Market Future Outlook, Philippines Cab Aggregator Market Segmentation, Philippines Car Leasing Market Future Outlook, Philippines Car Leasing Market Segmentation, Philippines Car Rental Industry, Philippines Car Rental Industry Research Report, Philippines Car Rental Market, Philippines Car Rental Market Analysis, Philippines Car Rental Market Competition, Philippines Car Rental Market Drivers, Philippines Car Rental Market Forecast, Philippines Car Rental Market Future Outlook, Philippines Car Rental Market Growth, Philippines Car Rental Market Major Players, Philippines Car Rental Market Opportunities, Philippines Car Rental Market Overview, Philippines Car Rental Market Regulations, Philippines Car Rental Market Research Report, Philippines Car Rental Market Revenue, Philippines Car Rental Market Scope, Philippines Car Rental Market Segmentation, Philippines Car Rental Market Shares, Philippines Car Rental Market Size, Philippines Car Rental Market Trends, Philippines Economy Car Rental Market, Philippines Premium Car Rental Market, Philippines Sedans Car Rental Market, Philippines SUV Car Rental Market, Philippines Vehicle Rental Industry, Philippines Vehicle Rental Market, Philippines Yellow Taxi Growth Drivers, Philippines Yellow Taxi Industry, Philippines Yellow Taxi Market, Segmentation ng Pag-upa ng Seguro ng Car sa Pilipinas, Sukat ng Market Car Rental ng Pilipinas, U Hop Car Rental Market Philippines Fleet, Uber Company Profile Philippines, Ulat ng Pananaliksik sa Industriya Ng Pag-upa ng Pilipinas sa Pilipinas, Vehicle Leasing Market Philippines