The Japan Car Rental Industry has grown in the last five years even after seeing a drop during the lockdown: 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 Car Rental Market in Japan saw a dip in the growth rate in 2020 due to the Covid-19 pandemic, but post-pandemic as things have started going back to normal, the industry is expected to bounce back. Japan Car Rental Market Overview: The Japan Car Rental Market is currently at the growth stage owing to the increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration and rising population. Highest share of revenue is generated from organized sector, as most tourists prefer the organized sector as they look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures. Rising Preference of People: The growing demand for on-demand transportation services is driving the market growth. Increasing vehicle costs, shrinking parking lots, and high auto maintenance costs encourages people to use on-demand transportation services for trips and everyday commuting instead of having their own personal vehicle. As a result, the Car Rental Industry in Japan has grown due to consumers increased preference for on-demand transportation. Impact of Covid-19 on Japan Car Rental Market: The nationwide growth of car rentals has been hampered by COVID-19’s quick expansion. Domestic and international tourism saw a marked decline in 2020 due to travel restrictions and lockdowns, which impacted the car rental market. The nation-wide travel bans and quarantine regulations also had a negative impact on the Car Rental Industry in Japan. In comparison to 2019, the car rental business saw revenues drop by about ~% in 2020. The industry is, however, showing signs of a respectable recovery following the devastating COVID-19 pandemic outbreaks, as the market’s revenue has increased by roughly ~% in 2022 compared to 2020. Analysts at Ken Research in their latest publication “Japan Car Rental Market Outlook to 2027F – By Market Structure (Organized and Unorganized), By Type of Vehicle (Small Cars/ Hatchbacks, Sedans, SUVs and Others) and By Booking Mode (Online and Offline)” observed that Japan Car Rental Market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration, rising population and increasing demand from tourists for business and leisure purposes hiring rental cars. The Car Rental Market in Japan is expected to grow at ~% CAGR over the forecasted period 2022P-2027F. Key Segments Covered Japan Car Rental Market: By Market Structure Organized market Unorganized market By Type of Vehicles Small Cars/ Hatchbacks Sedans SUVs Others Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MjE1 By ICE/EV ICE (Internal Combustion Engine) Electric Vehicles By Region Central South North By Mode of Booking Online Offline By Client Business Leisure By Pick-up Off- Airport On-Airport Key Target Audience Car Rental Service Providers Car Rental Companies aiming to establish in the Japan Japan automotive industries Government Bodies & Regulating Authorities Venture Capitalist targeting the car rental market Automotive industry association Car Manufacturers Existing Car Rental Companies OEM Dealerships New Market Entrants Investors Car Rental Associations Time Period Captured in the Report: Historical Period: 2017-2022P Base Year: 2022P Forecast Period: 2022P– 2027F Companies Covered: Toyota Rent-a-Car Nippon Rent-a-Car Orix Rent-a-Car Times Car Rental Nissan Rent-a-Car Smile Rental Car NicoNico Rent a Car JR Rent-a-Car Sky Rent-a-Car Key Topics Covered in the Report Executive Summary Country Overview of the Japan Overview and Genesis of Car Rental Market in Japan Ecosystem of Japan Car Rental Market Business Cycle of Japan Car Rental Market Timeline of Major Players of Japan Car Rental Market Value Chain Analysis of Japan Car Rental Market Market Segmentations of Car Rental Market in Japan Snapshots on different Car Rental Markets in Japan SWOT Analysis of Japan Car Rental Market Growth Drivers of Japan Car Rental Market Government regulations of Japan Car Rental Market Trends and Developments of Japan Car Rental Market Challenges of Japan Car Rental Market End User Analysis of Car Rental Market in Japan Competitive Analysis of Car Rental Market in Japan Future Outlook and Projections of Car Rental Market in Japan Analyst Recommendations Research Methodology For more information on the research report, refer to below link: Japan Car Rental Market Outlook to 2027F Related Reports Indonesia Car Rental Market Outlook to 2027F Netherlands Car Rental Market Outlook to 2027F Japan Car Rental Industry Analysis to 2017 Post Views: 16 Tags: Airport Car Rental Market Japan, Best lease company in the Japan, Car Rantal market Japan, Car Rantal Service Providers in Japan, Car Rental & Leasing in Japan, Car rental agency in Japan, Car Rental Business Market Japan, Car Rental Companies in Japan, car rental industry, Car Rental Major online platforms in Japan, car rental market, Car Rental Service Providers in Japan, Car Rentals in Japan, Challenges in Japan Car Rental Market, Competitors in Japan Car Rental Market, Emerging Players in Japan Car Rental Market, Existing Car Rental Companies in Japan, Hiring Car rental Market Japan, Japan Bike Aggregator Market, Japan Cab Aggregator Market, Japan Car Leasing Market, Japan Car leasing sector, Japan Car Pooling Market, Japan Car Rental Industry, Japan Car Rental Market, Japan Car Rental Offline Channels, Japan Car Rental Pick-Up Market, Japan Car Rental Sector, Japan Car Rental Services Market, Japan Car Sharing Market, Japan Rentals and Leasing Market, Japan Ride-Sharing Market, Japan Self-Driven Market, Japann Bike-Taxi Service Market, Japann car rental market, JR Japan Car Rental Market, leading car lease companies in Japan, Leading Players in Japan Car Rental Market, Luxury Car Rental Market Size, Major Car Rental Brands in Japan, Major Players in Japan Car Rental Market, New Entrants in Japan Car Rental Market, NicoNico Rental Market Analysis Revenue, Nippon Rent-a-Car Rental Market, Nissan Car Rental Market Share, number of leisure and business trips In Japan, Number of new car sales in Japan, On and Off Airport Rental Car Market Japan, Online Car Rental Service Market Japan, opportunities in car rental industry, Organised Car Rental Market Japan, Orix Rent-a-Car Rental Market, Rent A Car in Japan, renting a car through online platforms Japan, self-drive cars for hire in Japan, Sky Car Rental Market Revenue, Smile Rental Car Rental Market, Startups in Japan Car Rental Market, Times Car Rental Market Japan, Top Players in Japan Car Rental Market, Total Car Rental Users in Japan, Tourism Vehicle Rental Market Japan, Tourism vehicle rental market size, Toyota Rent-a-Car Rental Market, VC Firms targeting car rental market Japan, Vehicle rental Companies in Japan, vehicle rental market in Japan