Growth of Tourism, Digitization and Changing Economic Conditions Drive Global Car Rentals Market

Published Date : Jul 17, 2017

Albany, New York, July 17, 2017: Car rental services offer the option of renting different vehicles for specific time period ranging from few hours to few months and charging appropriate fee for it. The progress of the car rental market is a result of the growth of both domestic and internal tourism. A new report added in the vast database of studies the global car rental service market.

The 106 pages market research report, titled “Global Car Rentals Service Market Size, Status and Forecast 2022” analyzes the global car rental service market development, its current status, and forecast the future state of the market in different geographical regions. The key regions mentioned in the report are India, China, Europe, Japan, the US, and Southeast Asia. The report studies the car rental services market in detail presenting insights into its development status. It also provides refined outlook for the market across each of the mentioned regions. It provides information rereading the market size from year 2012 to 2017 and market share by players for 2016 to 2017 of each of the mentioned geographical regions.

The global car rental market has undergone a major transformation over the past few years. The growing trend of booking customized trips online, growth in national and international tourism, changing economic conditions are some of the major factors that have helped in shaping the current global car rental service market. Upcoming trends such as enhanced user experience due to digitization, addition of green vehicles in the car rental company’s fleet, and option for self-driving instead of hiring a driver have had a great impact on the dynamics of the global car rental services market. People tend to hire luxury cars, SUVs, MUVs, or executive cars according to their requirement. Car rental services are hired for variety of destination ranging from airport to outstations.

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The report profiles many top corporates in the global car rental service market such as Nissan, Toyota, eHi Car Service, Europcar, Enterprise, Dollar Thrifty Automotive Group, Avis, Hertz, ShouQi and Times Mobility Network. The report focuses on each company individually and analyzes company’s business overview, products, services offered, and solutions. It also focuses on the company’s overall revenue of the car rental service in the period 2012 to 2017. It also covers any recent developments associated with the company.

According to the report, the global car rental services market is divided into two main segments – personal car rental services and enterprise car rental services. It mentions about the dynamics of the global car rental services market along with the market value by regions and forecasted growth rate. Key driving factors for the market, competition in the market, downside risks of economy, constraints and threat to the market are also highlighted in the report.

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