The global airport car rental market is projected to reach $63.4 billion by 2027, at a CAGR of 6.1% during 2021-2027. The growth of airport car rental market is driven by increasing in air travel, rising increased volume of domestic and inbound tourists, and rising level of disposable income.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the airport car rental market by customer
(business, leisure and other), by vehicle (luxury car, executive car, economy
car, SUV’s, and MUV’s), by booking (on-line and off-line), by transmission
(manual and automatic), and by 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 What are the
business risks and threats to the airport car rental market?
Q.4 What are some
changing demands of customers in the airport car rental market?
Q.5 What are the new developments
in the airport car rental market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this airport car rental area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this airport car rental market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing
adaptation of electric vehicle and integration of IoT to provide value added
services, such as booking, passenger safety, and assistance.
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clicking on https://www.lucintel.com/airport-car-rental-market.aspx.
Market Segmentation:
Based on customer type,
the airport car rental market is segmented into business, leisure and other.
The safety and security segment accounted for the largest share of the market
in 2021 and is expected to register the highest CAGR during the forecast
period, due to the rise in air travel and increasing domestic tourism.
North America is
expected to remain the largest region mainly due to an increase in the volume
of inbound and outbound tourists and expansion in the distribution network in
suburban or under served areas. Asia Pacific is expected to witness the highest
growth over the forecast period due to the increasing air passenger traffic,
rising disposable income, and construction of new airports. The market is
moving towards consolidation as big players are acquiring small players to
increase their market share.
Key Players in the
airport car rental market are Enterprise Rent-A-Car, Hertz Group, Avis Budget
Group Inc., Europcar Mobility Group, Sixt SE, Localiza Rent a Car, Ichinen
Holdings, Redcap Tour, and Empresas Tattersall.
Request Sample Pages by clicking on https://www.lucintel.com/airport-car-rental-market.aspx.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/airport-car-rental-market.aspx.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It 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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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