The growing living standards in Vietnam, Tourist visits and the increase in car rental segment offerings is giving impetus to Vietnam car rental 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 Focus on Increasing Internet Penetration Rate, Tourism and Urbanization to contribute towards development of Car Rental Market in Vietnam. COVID affected market growth: Due to the impact of COVID-19, there has been a decrease in tourism resulting in a reduction in demand for car rentals and car rental prices in Vietnam. In 2020, the market became very distorted. The development of information technology has created a very favorable environment for online travel services to develop, especially in the context of the Covid-19 epidemic. Online travel services, such as, car rentals and travel programs. Businesses in the travel business have linked up with each other. to develop product packages to stimulate tourism. Role of technology in car rental market: With ID Check capabilities, car rental agencies can run a quick background check on the customer by accessing local or federal records. Rental service providers can verify and retain a digital record of customer details, their ID proofs, and other documents, which can be stored on a cloud-based vault. Businesses who use outdated vehicles or don’t do routine or preventive maintenance would spend far more on operating their automobile than they would earn from renting it out. Fortunately, top-notch digital solutions based on reliable data have been developed by telematics to maintain and improve fleet health. Hatchbacks dominated the car rental market: They offer ample cabin room and are perfect for driving on untarred roads and inclement weather conditions due to their powerful engine. Hatchbacks are often roomier than a mid-sized sedan and can navigate through city streets, squeeze into small parking spaces and offers a combination of elegant designs and huge versatility. Analysts at Ken Research in their latest publication “Vietnam Car Rental Market Outlook to 2027F- Driven by Increasing Internet Penetration Rate, Tourism and Urbanization” by Ken Research observed that car rental market is a growing automotive market in Vietnam after the Pandemic. The rising government policies and demand for car rental industry, increase in disposable income along with rising Tourism in Vietnam is expected to contribute to the market growth over the forecast period. The market is expected to grow at 16.7% CAGR during 2022-2027F owing to increase in tourism, rise in demand for car rentals due to high living standards and few government initiatives. Key Segments Covered in the report Vietnam Car Rental Market By Type of Booking Online Offline By Car Type Hatchback Sedan SUV By Purpose Business Leisure Request For Free Sample Report Vietnam Car Ride Sharing Market By Region Metropolitan Non- Metropolitan By Point of Service Rest Area Airport By Type of Car Hatchback Sedan UV By Distance Short Distance Long Distance Vietnam Car Leasing Market By Lease Duration 1 Year 2 Year 3Year 4 Year or more By Type of Car Premium Sedan SUV By Region Metropolitan Non- Metropolitan By End-User Corporate Individual Car Ride Hailing Market By Region Metropolitan Non- Metropolitan Request For customization By Type of Car Sedan SUV Compact Vietnam Car Self Drive Market By Type of Car Hatchback Sedan SUV By Point of Service Rest Area Airport By Duration Around a Month 1-2 Days Around a Week By Cities Metropolitan Non- Metropolitan By Booking Channel Online Offline By Booking Period Weekends Weekdays By Segment of Car Standard Luxury By Status of Ownership Owned Leased Key Target Audience Car Rental Service Providers Car Rental Companies Aiming to Establish in Vietnam Vietnam 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: 2017-2022 Base Period: 2022 Forecast Period: 2022-2027F Companies Covered Leading companies Hertz Trust Car Rental Kayak Mai Linh Avis Budget VN Rental Green World Car Rental Car for Rent Enterprise Key Topics Covered in the Report Overview of Automotive Industry in the Vietnam Overview and Genesis of Car Rental Market in Vietnam Ecosystem of Vietnam Car Rental Market Business Cycle and Value Chain Analysis of Car Rental Market in Vietnam Vietnam Car Rental Market Sizing, 2017- 2022 Market Segmentations of Car Rental Market SWOT Analysis of Vietnam Car Rental Market Growth Drivers of Vietnam Car Rental Market Government Regulations and Incentives of Vietnam Car Rental Market Trends and Developments of Vietnam Car Rental Market Challenges of Vietnam Car Rental Market Competitive Analysis of Car Rental Market in Vietnam End User Analysis of Car Rental Market in Vietnam Future Outlook and Projections of Car Rental Market in Vietnam, 2022-2027F Market Opportunities and Analyst Recommendations Disclaimer Research Methodology For more insights on the market intelligence, refer to the link below:- Vietnam Car Rental Market Related Reports By Ken Research:- Belgium Car Rental Market Outlook 2027F Japan Car Rental Market Outlook to 2027F Egypt Car Rental Market Outlook to 2027F Post Views: 13 Tags: Airport Car Rental Market Vietnam, Avis Car Rental Market Analysis Revenue, Best Car Lease Company In the Vietnam, Car Rental Agency In Vietnam, Car Rental and Leasing In Vietnam, Car Rental Business Market Vietnam, Car Rental Companies In Vietnam, car rental industry, Car Rental Major Online Platforms In Vietnam, Car Rental Service Providers In Vietnam, Car Rentals In Vietnam, Challenges In Vietnam Car Rental Market, Competitors In Vietnam Car Rental Market, Emerging Players In Vietnam Car Rental Market, Existing Car Rental Companies In Vietnam, Hertz Vietnam Car Rental Market Revenue, Hiring Car Rental Market Vietnam, Kayak Vietnam Car Rental Market Share, Leading Car Lease Companies In Vietnam, Leading Players In Vietnam Car Rental Market, Luxury Car Rental Market Size, Major Car Rental Brands In Vietnam, Major Players In Vietnam Car Rental Market, New Entrants In Vietnam Car Rental Market, Number of Leisure And Business Trips In Vietnam, Number Of New Car Sales In Vietnam, On And Off Airport Rental Car Market Vietnam, Online Car Rental Service Market Vietnam, Organised Car Rental Market Vietnam, Rent A Car In Vietnam, Renting A Car Through Online Platforms Vietnam, Self-Drive Cars For Hire In Vietnam, Startups In Vietnam Car Rental Market, Top Players In Vietnam Car Rental Market, Total Car Rental Users In Vietnam, Tourism Vehicle Rental Market Vietnam, Trust Car Rental Vietnam Market Revenue, Vehicle Rental Market In Vietnam, Vietnam Bike-Taxi Service Market, Vietnam Budget Car Rental Market Share, Vietnam Cab Aggregator Market, Vietnam Car Leasing Market, Vietnam Car Leasing Sector, Vietnam Car Pooling Market, Vietnam Car Rental Industry, Vietnam Car Rental Market, Vietnam Car Rental Offline Channels, Vietnam Car Rental Pick-Up Market, Vietnam Car Rental Sector, Vietnam Car Rental Services Market, Vietnam Car Sharing Market, Vietnam Rentals And Leasing Market, Vietnam Ride-Sharing Market, Vietnam Self-Driven Market, Vietnam Tourism Vehicle Rental Market Size, VN Car Rental Vietnam Market Revenue