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Global Car Rental Market by Vehicle Type (Executive Cars, Economic Cars, Luxury Cars, Multi Utility Vehicles (MUVs), Sports Utility Vehicles (SUVs)) – Business Overview, Analysis and Industry Forecast 2017-2022

 Automotive and Transportation

Report Overview

GLOBAL CAR RENTAL MARKET was valued at USD 35.5 Billion in the year 2017. Global Car Rental market is further estimated to grow at a CAGR of 14.17% from 2018 to reach USD 89.3 Billion by the year 2023. North America region holds the highest market share in 2017 whereas the Asia-Pacific market is considered as the fastest growing region in the forecasted period. At the country level, developed markets like the US with highest population base holds the notable market share in 2017 and it is projected to grow strongly in the coming years.

Sixt SE (Germany), Avis Budget Group, Inc. (US), The Hertz Corporation (US), Enterprise Holdings Inc. (US) are some of the key players in the Car Rental market with The Hertz Corporation holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

             The rise in the tourism industry

             Rising demand from the corporate sector

Restraints:

             High initial investments

Opportunities:

             Introduction of autonomous cars

Challenges:

             Logistics management

Amongst vehicle types such as Economy cars, Executive cars, Luxury cars and SUVs & MUVs, it is observed that the Economy cars segment because of the growing popularity and availability is expected to hold the highest market share during the forecasted period.

On the other hand Executive cars for this market is expected to grow at the highest CAGR of X.X% during the year 2018-2023.

Key Benefits for Stakeholders

Car Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Vehicle Type

Executive Cars

Economic Cars

Luxury Cars

Multi Utility Vehicles (MUVs)

Sports Utility Vehicles (SUVs)

By Rental Category

Local Transport

Outstation Transport

Airport Transport

Others

By Mode of Booking

Online Booking

Offline Booking

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

1 Europcar (France)

2 Avis Budget Group, Inc. (US)

3 Enterprise Holdings Inc. (US)

4 Carzonrent India Pvt Ltd. (India)

5 The Hertz Corporation (US)

6 Alamo (US)

7 Sixt SE (Germany)

(Another brief information of 13 companies will be provided in the report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1.Introduction

1.1  Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2  Limitations

1.3  Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

                2.1.1.1. Key Data from Secondary Research

       2.1.2. Primary Research

                2.1.2.1. Key Data from Primary Research

                2.1.2.2. Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottom-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Turnover Process

2.3. Data Triangulation

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Car Rental Market, By Vehicle Type

6.1. Executive Cars

6.2. Economic Cars

6.3. Luxury Cars

6.4. Multi Utility Vehicles (MUVs)

6.5. Sports Utility Vehicles (SUVs)

7. Car Rental Market, By Rental Category

7.1. Local Transport

7.2. Outstation Transport

7.3. Airport Transport

7.4. Others

8. Car Rental Market, By Mode of Booking

8.1. Online Booking

8.2. Offline Booking 

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. France

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. China

       9.4.2. Japan

       9.4.3. South Korea

       9.4.4. RoAPAC

9.5. RoW

       9.5.1. Latin America

                9.5.1.1. Brazil

                9.5.1.2. Argentina

                9.5.1.3. Rest of Latin America

       9.5.2. The Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1 Europcar

10.2 Avis Budget Group, Inc.

10.3 Enterprise Holdings Inc.

10.4 Carzonrent India Pvt Ltd.

10.5 The Hertz Corporation

10.6 Alamo

10.7 Sixt SE

10.8 Localiza

10.9 Bandago Van Rental

10.10 Capps Truck & Van Rental

(Another brief information of 13 companies will be provided in the report)

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

        11.3.1. Investments & Expansions

        11.3.2. New Product Launches

        11.3.3. Mergers & Acquisitions

        11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

List of Tables

TABLE 1 Car Rental - Industry snapshot & key buying criteria, 2018 - 2023
TABLE 2 Global car rental market, 2018 - 2023 (USD Billion)
TABLE 3 Global car rental market estimates and forecasts by vehicle type, 2018 - 2023 (USD Billion)
TABLE 4 Global car rental market estimates and forecasts by application, 2018 - 2023 (USD Billion)
TABLE 5 Value addition by various entities involved in the value chain
TABLE 6 Car rental - Key market driver impact
TABLE 7 Global luxury car rental market by region, 2018 - 2023 (USD Million)
TABLE 8 Global executive car rental market by region, 2018 - 2023 (USD Million)
TABLE 9 Global economy car rental market by region, 2018 - 2023 (USD Million)
TABLE 10 Global SUV rental market by region, 2018 - 2023 (USD Million)
TABLE 11 Global MUV rental market by region, 2018 - 2023 (USD Million)
TABLE 12 Global on-airport car rental market by region, 2018 - 2023 (USD Million)
TABLE 13 Global car rental market for local usage by region, 2018 - 2023 (USD Million)
TABLE 14 Global car rental market for outstation purposes by region, 2018 - 2023 (USD Million)
TABLE 15 Global car rental market for other activities by region, 2018 - 2023 (USD Million)
TABLE 16 North America car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 17 North America car rental market by application, 2018 - 2023 (USD Million)
TABLE 18 U.S. car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 19 U.S. car rental market by application, 2018 - 2023 (USD Million)
TABLE 20 U.S. car rental market by application, 2018 - 2023 (USD Million) (granular-level split)
TABLE 21 Europe car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 22 Europe car rental market by application, 2018 - 2023 (USD Million)
TABLE 23 France car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 24 France car rental market by application, 2018 - 2023 (USD Million)
TABLE 25 Germany car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 26 Germany car rental market by application, 2018 - 2023 (USD Million)
TABLE 27 UK car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 28 UK car rental market by application, 2018 - 2023 (USD Million)
TABLE 29 Asia Pacific car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 30 Asia Pacific car rental market by application, 2018 - 2023 (USD Million)
TABLE 31 Japan car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 32 Japan car rental market by application, 2018 - 2023 (USD Million)
TABLE 33 Korea car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 34 Korea car rental market by application, 2018 - 2023 (USD Million)
TABLE 35 China car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 36 China car rental market by application, 2018 - 2023 (USD Million)
TABLE 37 India car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 38 India car rental market by application, 2018 - 2023 (USD Million)
TABLE 39 South America car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 40 South America car rental market by application, 2018 - 2023 (USD Million)
TABLE 41 MEA car rental market by vehicle type, 2018 - 2023 (USD Million)
TABLE 42 MEA car rental market by application, 2018 - 2023 (USD Million)

 

 

 

 

 

List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 Car rentals market size and growth prospects
FIG. 3 Car rental - Value chain analysis
FIG. 4 Interrelation of value chain and customer lifecycle
FIG. 5 Various connections of car rental market with the external ecosystem
FIG. 6 Car rental - Supply chain analysis
FIG. 7 Market dynamics
FIG. 8 Internet usage in developed and developing countries, 2018- 2023 (Million)
FIG. 9 Internet usage, by region, 2018- 2023 (Million)
FIG. 10 U.S. crude oil first purchase price, 2018 - 2023 (USD Per Barrel)
FIG. 11 Porter’s Five Forces Analysis
FIG. 12 Car rental - Key company analysis, 2018
FIG. 13 Car rental - PESTEL analysis
FIG. 14 Car rental market vehicle type outlook key takeaways
FIG. 15 Car rental market: Vehicle-type movement analysis
FIG. 16 Global luxury car rental market, 2018 - 2023 (USD Million)
FIG. 17 Global executive car rental market, 2018 - 2023 (USD Million)
FIG. 18 Global economy car rental market, 2018 - 2023 (USD Million)
FIG. 19 Global SUV rental market, 2018 - 2023 (USD Million)
FIG. 20 Global MUV rental market, 2018 - 2023 (USD Million)
FIG. 21 Car rental market application outlook key takeaways
FIG. 22 Car rental market: Application movement analysis
FIG. 23 Global car rental market for airport transport, 2018 - 2023 (USD Million)
FIG. 24 Global car rental market for local usage, 2018 - 2023 (USD Million)
FIG. 25 Global car rental market for outstation purposes, 2018 - 2023 (USD Million)
FIG. 26 Global car rental market for other activities, 2018 - 2023 (USD Million)
FIG. 27 Regional marketplace: Key takeaways
FIG. 28 Regional outlook, 2015 & 2024
FIG. 29 North America car rental market by vehicle type, 2018 - 2023 (USD Million)
FIG. 30 North America car rental market by application, 2018 - 2023 (USD Million)
FIG. 31 U.S. car rental market by application, 2018 - 2023 (USD Million)
FIG. 32 U.S. car rental market by application (granular-level split), 2018 - 2023 (USD Million)
FIG. 33 Europe car rental market by vehicle type, 2018 - 2023 (USD Million)
FIG. 34 Europe car rental market by application, 2018 - 2023 (USD Million)
FIG. 35 Asia Pacific car rental market by vehicle type, 2018 - 2023 (USD Million)
FIG. 36 Asia Pacific car rental market by application, 2018 - 2023 (USD Million)
FIG. 37 South America car rental market by vehicle type, 2018 - 2023 (USD Million)
FIG. 38 South America car rental market by application, 2018 - 2023 (USD Million)
FIG. 39 MEA car rental market by vehicle type, 2018 - 2023 (USD Million)
FIG. 40 MEA car rental market by application, 2018 - 2023 (USD Million)

 

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