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Car Rental (Destination) in South Korea

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    Report

  • 17 Pages
  • September 2021
  • Region: South Korea
  • Euromonitor International
  • ID: 2734901
Car rental performed relatively well in comparison with other travel modes categories in 2021 and this was mainly the result of the strong demand for domestic trips that has emerged among South Korean consumers since 2020. However, the steep declines seen in inbound tourism flows since the onset of the COVID-19 pandemic has had a very negative impact on sales in car rental, especially with respect airport car rental.

The Car Rental (Destination) in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2016-2020, allowing you to identify the sectors driving growth. It identifies the leading companies and offers strategic analysis of key factors influencing the market - be they new legislative, technology or pricing issues. Background information on disposable income, annual leave and holiday taking habits is also included. Forecasts to 2025 illustrate how the market is set to change.

Product coverage: Business Car Rental, Car Rental Offline, Car Rental Online, Insurance Replacement Car Rental, Leisure Car Rental.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Car Rental (Destination) market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

The publisher has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, the publisher has a unique capability to develop reliable information resources to help drive informed strategic planning.

Table of Contents

CAR RENTAL (DESTINATION) IN SOUTH KOREAKEY DATA FINDINGS
2021 IMPACT
  • Domestic trips and increasing popularity of luxury cars support recovery of car rental
  • Government promotion of domestic trips benefits car rental
  • Acquisition of car rental companies by second-hand car player dealer expected to create synergies
RECOVERY AND OPPORTUNITIES
  • Car rental industry goes electric following the ESG initiative
  • Shared mobility enjoys growth as consumers embrace diverse transportation modes
CATEGORY DATA
  • Table 1 Car Rental Sales: Value 2016-2021
  • Table 2 Car Rental Online Sales: Value 2016-2021
  • Table 3 Structure of Car Rental Market 2016-2021
  • Table 4 Car Rental NBO Company Shares: % Value 2016-2020
  • Table 5 Car Rental Brands by Key Performance Indicators 2021
  • Table 6 Forecast Car Rental Sales: Value 2021-2026
  • Table 7 Forecast Car Rental Online Sales: Value 2021-2026
  • CHART 1 Inbound Receipts: 2021-2026
  • CHART 2 Average Spend per Trip for Inbound Arrivals: 2021-2026
TRAVEL IN SOUTH KOREA
EXECUTIVE SUMMARY
  • Travel in 2021
  • COVID-19 impact on travel
  • Company response to COVID-19 in 2021: Airlines and hotels
  • Impact of COVID-19 on online bookings and travel intermediaries in 2021
  • What next for travel?
MARKET DATA
  • Table 8 Other Transport Sales: Value 2016-2021
  • Table 9 Other Transport Online Sales: Value 2016-2021
  • Table 10 Forecast Other Transport Sales: Value 2021-2026
  • Table 11 Forecast Other Transport Online Sales: Value 2021-2026
  • Table 12 Activities and Experiences: Value 2016-2021
  • Table 13 Forecast Activities and Experiences: Value 2021-2026
  • GLOBAL INDUSTRY ENVIRONMENT
SOURCES
  • Summary 1 Research Sources