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Car Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Product Image

Car Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

  • ID: 2871869
  • June 2014
  • Region: Global
  • 80 Pages
  • Transparency Market Research

FEATURED COMPANIES

  • Al-Futtaim Group
  • Avis Budget Group, Inc.
  • Carzonrent
  • Eco Rent A Car
  • Enterprise Rent-A-Car
  • EuropCar
  • MORE

Car rental company rents out vehicles/automobiles for a specific period of time ranging from a few hours to a few months for an appropriate fee. The service is often organized across various local branches, facilitating customers to return the vehicle in a location of their convenience. In addition, car rental services are often complemented by websites, allowing online reservations and car rental offices are primarily located near airports or busy city areas. Car rental agencies serve people whose cars are temporarily out of service or the ones who do not have access to their vehicles, for example owners of damaged vehicles who are awaiting insurance or repair compensation, or travelers from outside the town. Alongside the basic rental of a vehicle, car rental agencies typically offer extra services, such as GPS navigation systems, insurance and entertainment systems.

This market research study analyzes the car rental market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2019. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities READ MORE >

FEATURED COMPANIES

  • Al-Futtaim Group
  • Avis Budget Group, Inc.
  • Carzonrent
  • Eco Rent A Car
  • Enterprise Rent-A-Car
  • EuropCar
  • MORE

Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Supply chain analysis
3.3 Market Drivers
3.3.1 Growth in number of air travelers
3.3.2 Growth in leisure and business trips across the globe
3.3.3 Increasing population and internet users
3.4 Market Restraints
3.4.1 Tightening emission standards and volatility in crude oil prices
3.5 Market opportunities
3.5.1 Epoch of Electric/Hybrid Vehicles
3.6 Porter's Five Forces Analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat from substitutes
3.6.5 Degree of competition
3.7 Car rental: Market attractiveness analysis

Chapter 4 Global Car rental Market: By Type of Car
4.1 Car rental market: Type overview
4.1.1 Global car rental market revenue share, by type of car, 2013 - 2019
4.2 Luxury Cars
4.2.1 Global luxury cars market, 2013 - 2019, (USD Billion)
4.3 Executive Cars
4.3.1 Global executive cars market, 2013 - 2019, (USD Billion)
4.4 Economy Cars
4.4.1 Global economy cars market, 2013 - 2019, (USD Billion)
4.5 SUV's Cars
4.5.1 Global SUV's cars market, 2013 - 2019, (USD Billion)
4.6 MUV's Cars
4.6.1 Global MUV's cars market, 2013 - 2019, (USD Billion)

Chapter 5 Global Car Rental Market: By Category
5.1 Car rental market: Category overview
5.1.1 Global car rental market revenue share, by technology, 2012 - 2019
5.2 Local usage
5.2.1 Local usage market, 2013 - 2019, (USD Billion)
5.3 Airport Transport
5.3.1 Airport transport market, 2013 - 2019, (USD Billion)
5.4 Outstation
5.4.1 Outstation market, 2013 - 2019, (USD Billion)
5.5 Others
5.5.1 Others segment market, 2013 - 2019, (USD Billion)

Chapter 6 Competitive Landscape
6.1 Car Rental: Company market share analysis

Chapter 7 Global Car Rental Market -By Region
7.1 Global car rental market: Regional overview
7.1.1 Global car rental market revenue share, by geography, 2013 and 2019
7.2 North America
7.2.1 North America Car Rental market, 2013 - 2019, (USD Billion)
7.2.2 North America Car Rental market, by type of car, 2013 - 2019, (USD Billion)
7.2.3 North America Car Rental market, by category, 2013 - 2019, (USD Billion)
7.3 Europe
7.3.1 Europe Car Rental market, 2013 - 2019, (USD Billion)
7.3.2 Europe Car Rental market, by type of car, 2013 - 2019, (USD Billion)
7.3.3 Europe Car Rental market, by category, 2013 - 2019, (USD Billion)
7.4 Asia-Pacific (APAC)
7.4.1 Asia-Pacific Car Rental market, 2013 - 2019, (USD Billion)
7.4.2 Asia-Pacific Car Rental market, by type of car, 2013 - 2019, (USD Billion)
7.4.3 Asia-Pacific Car Rental market, by category, 2013 - 2019, (USD Billion)
7.5 Rest of the World (RoW)
7.5.1 Rest of the World Car Rental market, 2013 - 2019, (USD Billion)
7.5.2 Rest of the World Car Rental market, by type of car, 2013 - 2019, (USD Billion)
7.5.3 Rest of the World Car Rental market, by category, 2013 - 2019, (USD Billion)

Chapter 8 Company Profiles
8.1 Avis Budget Group, Inc.
8.1.1 Company overview
8.1.2 Financial overview
8.1.3 Business strategy
8.1.4 SWOT analysis
8.1.5 Recent developments
8.2 Sixt Rent A Car
8.2.1 Company overview
8.2.2 Financial overview
8.2.3 Business strategy
8.2.4 SWOT analysis
8.2.5 Recent developments
8.3 Enterprise Rent-A-Car
8.3.1 Company overview
8.3.2 Financial overview
8.3.3 Business strategy
8.3.4 SWOT analysis
8.3.5 Recent developments
8.4 The Hertz Corporation
8.4.1 Company overview
8.4.2 Financial overview
8.4.3 Business strategy
8.4.4 SWOT analysis
8.4.5 Recent developments
8.5 EuropCar
8.5.1 Company overview
8.5.2 Financial overview
8.5.3 Business strategy
8.5.4 SWOT analysis
8.5.5 Recent developments
8.6 Al-Futtaim Group
8.6.1 Company overview
8.6.2 Financial overview
8.6.3 Business strategy
8.6.4 SWOT analysis
8.6.5 Recent developments
8.7 Carzonrent
8.7.1 Company overview
8.7.2 Financial overview
8.7.3 Business strategy
8.7.4 SWOT analysis
8.7.5 Recent developments
8.8 Localiza Rent A Car
8.8.1 Company overview
8.8.2 Financial overview
8.8.3 Business strategy
8.8.4 SWOT analysis
8.8.5 Recent developments
8.9 Eco Rent A Car
8.9.1 Company overview
8.9.2 Financial overview
8.9.3 Business strategy
8.9.4 SWOT analysis
8.9.5 Recent developments

List of Figures

FIG. 1 Supply chain analysis of car rental
FIG. 2 Annual international air passenger growth, 2011-2013 (RPK)
FIG. 3 Global population and internet users, 2000-2020
FIG. 4 Global carbon dioxide emissions, 2000-2030, (Billion metric tons)
FIG. 5 Global crude oil price volatility, 2008-2012, (USD per barrel)
FIG. 6 Porter's Five Forces Analysis
FIG. 7 Market attractiveness analysis of car rental market, by geography, 2013
FIG. 8 Global car rental market revenue share, by type of car, 2013 - 2019
FIG. 9 Global luxury cars market, 2013 - 2019, (USD Billion)
FIG. 10 Global executive cars market, 2013 - 2019, (USD Billion)
FIG. 11 Global economy cars market, 2013 - 2019, (USD Billion)
FIG. 12 Global SUV's cars market, 2013 - 2019, (USD Billion)
FIG. 13 Global MUV's cars market, 2013 - 2019, (USD Billion)
FIG. 14 Global car rental market revenue share, by technology, 2012 and 2019
FIG. 15 Global local usage segment market, 2013 - 2019, (USD Billion)
FIG. 16 Global airport transport segment market, 2013 - 2019, (USD Billion)
FIG. 17 Global outstation segment market, 2013 - 2019, (USD Billion)
FIG. 18 Global others segment market, 2013 - 2019, (USD Billion)
FIG. 19 Car Rental: Company market share analysis, 2013 (%)
FIG. 20 Global car rental market revenue share, by geography, 2013 and 2019
FIG. 21 North America Car Rental market, 2013 - 2019, (USD Billion)
FIG. 22 Europe Car Rental market, 2013 - 2019, (USD Billion)
FIG. 23 Asia-Pacific Car Rental market, 2013 - 2019, (USD Billion)
FIG. 24 Rest of the World Car Rental market, 2013 - 2019, (USD Billion)
FIG. 25 Avis Budget Group annual revenue, 2011-2013 (USD Billion)
FIG. 26 Sixt annual revenue, 2011-2013 (USD Million)
FIG. 27 Enterprise Holdings annual revenue, 2011-2013 (USD Billion)
FIG. 28 The Hertz Corporation annual revenue, 2011-2013 (USD Million)
FIG. 29 EuropCar annual revenue, 2010-2012, (USD Billion)
FIG. 30 Localiza-rent-A-Car annual revenue, 2011-2013 (USD Billion)

List of Tables

TABLE 1 Snapshot: Global Car Rental Market
TABLE 2 Drivers for the car rental market: Impact analysis
TABLE 3 Air Traffic Forecast
TABLE 4 Restraints for the global car rental market: Impact analysis
TABLE 5 Electric car sales, 2013
TABLE 6 North America Car Rental market, by type of car, 2013 - 2019, (USD Billion)
TABLE 7 North America Car Rental market, by category, 2013 - 2019, (USD Billion)
TABLE 8 Europe Car Rental market, by type of car, 2013 - 2019, (USD Billion)
TABLE 9 Europe Car Rental market, by category, 2013 - 2019, (USD Billion)
TABLE 10 Asia Pacific Car Rental market, by type of car, 2013 - 2019, (USD Billion)
TABLE 11 Asia Pacific Car Rental market, by category, 2013 - 2019, (USD Billion)
TABLE 12 Rest of the World Car Rental market, by type of car, 2013 - 2019, (USD Billion)
TABLE 13 Rest of the World Car Rental market, by category, 2013 - 2019, (USD Billion)

FEATURED COMPANIES

  • Al-Futtaim Group
  • Avis Budget Group, Inc.
  • Carzonrent
  • Eco Rent A Car
  • Enterprise Rent-A-Car
  • EuropCar
  • MORE

Global car rental market was valued at USD 36.89 billion in 2013, growing at a CAGR of 13.6% from 2014 to 2019. A car rental company rents out vehicles/automobiles for a specific period of time ranging from a few hours to a few months for an appropriate fee. The service is often organized across various local branches, facilitating customers to return the vehicle in a location of their convenience. In addition, car rental services are often complemented by websites, allowing online reservations and car rental offices are primarily located near airports or busy city areas. Car rental agencies serve people whose cars are temporarily out of service or the ones who do not have access to their vehicles, for example owners of damaged vehicles who are awaiting insurance or repair compensation, or travelers from outside the town. Alongside the basic rental of a vehicle, car rental agencies typically offer extra services, such as GPS navigation systems, insurance and entertainment systems.

The global car rental market is segmented by region into North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). Increasing GDP levels, increasing volumes of both inbound and domestic tourists coupled with rise in disposable incomes and improving road infrastructure are factors driving the car rental industry. The emerging business class in India and China along with the green revolution in the automobile industry is further driving the car rental market. However, the volatility in petroleum product prices, along with high gasoline price, is expected to affect both consumers spending levels and economic conditions across the globe, thereby leaving a moderate impact on the global car rental industry.

Geographically, North America led the global car rental market in 2013 and the region is expected to continue its dominance in 2019. The car rental market in North America is highly concentrated by players, such as Enterprise, Hertz, Avis Budget Group and other regional and local companies, which have substantial presence at various airports across the U.S. and Canada. Europe and Asia-Pacific followed North America in the global car rental market to collectively account for almost half of the global market revenue share.

The car rental industry is segmented on the basis of types of cars into luxury cars, executive cars, economy cars, SUV’s and MUV’s. Among all, economy cars is the most popular and widely-used segment and most companies prefer the usage of economy cars, owing to their cost effectiveness. However, executive cars and luxury cars are widely used for corporate and leisure purposes. MUV’s are expected to grow at the highest growth rate in comparison to other types of cars, owing to the rising popularity of car pooling and car sharing services.

The car rental market is further segmented by categories into local usage, airport transport, outstation and others. The global car rental market is majorly dominated by airport transport, as it provides flexibility, fast service and comfort to the customers. Almost all the major companies have their offices at airports along with designated parking places. Airport transport segment dominated the global car rental market in 2013 accounting for almost half of the global market revenue share. Outstation and others segments accounted for over one-third of the global car rental market revenue share in 2013.

- Al-Futtaim Group
- Avis Budget Group, Inc.
- Carzonrent
- Enterprise Rent-A-Car
- EuropCar
- Eco Rent A Car
- Localiza Rent A Car
- Sixt Rent A Car
- The Hertz Corporation

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