According
to a new market report published by Lucintel, the future of the global car
rental industry looks promising with opportunities in the business and leisure
travel. The global car
rental industry is expected to reach an estimated $120 billion by 2025 with a
CAGR of 6.1% from 2020 to 2025. The major drivers for this market are increasing
income level and growth in air passenger traffic.
In
this market, the leisure
customer will remain the largest segment over the forecast period due to growth
in air travel and domestic tourism.
By
location, car rental market is segmented into on-airport and off-airport. Lucintel
forecasts that on-airport segment will remain the largest market and it is also
expected to witness the highest growth during the forecast period as air
connectivity improves across sAQq 1`maller
cities around the world.
North
America will remain the largest region due to the growing adoption of rental vehicles,
gains in per capita disposable income, and increasing corporate travel. Asia
Pacific is expected to witness highest growth over the forecast period due to rapid urbanization and increased
expenditure on traveling by domestic tourists.
Emerging
trends, which have a direct impact on the dynamics of the industry, include
enhanced user experience through digitization, additional green vehicles in the
fleets of rental car companies, and the concept of self-driving instead of
hiring a driver. Enterprise Rent-A-Car, Hertz Group AG, Avis Budget Group Inc.,
Europcar Mobility Group S.A., and Sixt AG are the major car rental service
providers in the global car rental industry.
Lucintel,
a leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global car rental industry by location type,
customer type, mode of booking, vehicle type, and region, and compiled a
comprehensive research report entitled “Growth Opportunities
in the Global Car Rental Industry 2020-2025: Trends, Forecast, and Opportunity
Analysis”. The Lucintel report serves as a catalyst for growth
strategy, as it provides comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global car
rental industry by location type, customer type, mode of booking, vehicle type,
and region as follows:
By Location
[$B Shipment analysis from 2014 to 2025]:
- On-Airport
- Off-Airport
By Customer
Type [$B Shipment analysis from 2014 to 2025]:
- Business
- Leisure
- Others
By
Mode of Booking [$B Shipment analysis from 2014 to 2025]:
- On-Line
- Off-Line
By Vehicle
Type [$B Shipment analysis from 2014 to 2025]:
- Luxury
Cars
- Executive
Cars
- Economy
Cars
- Sports
Utility Vehicles
- Others
By region [$B Shipment analysis
from 2014 to 2025]:
- North
America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
Spain
o
United
Kingdom
o
Italy
- Asia
Pacific
o
China
o
India
o
Japan
o
Hong
Kong
o
South
Korea
- The
Rest of the World
o
Brazil
o
Argentina
This 154-page research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056, or email us at helpdesk@lucintel.com. Lucintel offerings
include Mass
Transportation, Transportation
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. Lucintel offers market assessments, competitive analysis, opportunity
analysis, growth consulting, M&A, and due diligence services to executives
and key decision-makers in a variety of industries. For further information,
visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1 What
are some of the most promising, high-growth opportunities for the global car
rental industry by location (on-airport and off-airport), type of customer
(business, leisure, and others), mode of booking (on-line and off-Line), vehicle
type (luxury cars, executive cars, economy cars, sports utility vehicles, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which
segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What
are the key factors affecting market dynamics? What are the drivers, challenges,
and business risks in this market?
Q.5 What are the business risks and competitive
threats in this market?
Q.6 What are the emerging trends in this market
and the reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 What
are the new developments in the market? Which companies are leading these
developments?
Q.9 Who
are the major players in this market? What strategic initiatives are key
players pursuing for business growth?
Q.10 What
are some of the competing service and processes in this market and how big of a
threat do they pose for loss of market share by service substitution?
Q.11 What
M&A activity has occurred in the last 5 years and what has its impact been
on the industry?
No comments:
Post a Comment