Car Rental Market in Europe 2017-2021

  • ID: 4427332
  • Report
  • Region: Europe
  • 68 pages
  • TechNavio
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FEATURED COMPANIES

  • Alphabet
  • Arval
  • Avis Budget
  • Enterprise
  • Europcar
  • Hermes
  • MORE
About Car Rental

Car rental services operate in a network of pick-up/drop-off points and offer a range of vehicles. The vehicles are owned by an organization or firm that rents them to users for short periods of time, based on daily, monthly, or annual plans. Car rental has grown from a basic service provided by popular organizations to a widely recognized component of the urban transport market. It is also swiftly developing into a globalized industry that can provide many transportation, land use, environmental, and social benefits.

The analysts forecast the car rental market in Europe to grow at a CAGR of 17.94% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the car rental mark et in Europe for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Western Europe
  • Eastern Europe
The report, Car Rental Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
  • Avis Budget
  • Enterprise
  • Europcar
  • Hertz
  • Sixt
Other prominent vendors
  • Alphabet
  • Arval
  • Hermes
  • Irish Car Rental
  • Maggiore
Market drivers
  • Rising consolidation
  • For a full, detailed list, view the full report
Market challenges
  • Stringent rules for car rental in Europe
  • For a full, detailed list, view the full report
Market Trends
  • Electric cars in rental industry
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alphabet
  • Arval
  • Avis Budget
  • Enterprise
  • Europcar
  • Hermes
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY RENTAL TYPE
  • Car rental market in Europe by rental type
  • Car rental market in Europe for airport transport
  • Car rental market in Europe for local transport
  • Car rental market in Europe for outstation transport
PART 07: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Western Europe – Market size and forecast
  • Eastern Europe – Market size and forecast
  • Market opportunity
PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Impact of telematics on car rental industry
  • Electric cars in rental industry
  • Subscription models of rental cars
PART 11: VENDOR LANDSCAPE
  • Competitive scenario
  • Avis Budget
  • Enterprise
  • Europcar
  • Hertz
  • Sixt
  • Other prominent vendors
PART 12: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Car rental market in Europe 2016-2021
Exhibit 02: Car rental market in Europe 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Car rental market in Europe by rental type 2016 (% revenue)
Exhibit 05: Car rental market in Europe by rental type 2021 (% revenue)
Exhibit 06: Car rental market in Europe by rental type 2016-2021 ($ billions)
Exhibit 07: Car rental market in Europe for airport transport 2016-2021 ($ billions)
Exhibit 08: Car rental market in Europe for local transport 2016-2021 ($ billions)
Exhibit 09: Car rental market in Europe for outstation transport 2016-2021 ($ billions)
Exhibit 10: Car rental market in Europe – Market size and forecast 2016-2021
Exhibit 11: Regional comparison
Exhibit 12: Western Europe – Market size and forecast 2016-2021 ($ billions)
Exhibit 13: Western Europe – Year-over-year growth 2017-2021 (%)
Exhibit 14: Eastern Europe – Market size and forecast 2016-2021 ($ billions)
Exhibit 15: Eastern Europe – Year-over-year growth 2017-2021 (%)
Exhibit 16: Consolidation in car rental market in Europe
Exhibit 17: Internet use in Europe
Exhibit 18: European countries with the largest number of international tourist arrivals (range in millions)
Exhibit 19: Range of oil prices in Europe 2014-2016 ($/bbl)
Exhibit 20: Benefits of telematics in rental car industry
Exhibit 21: Avis Budget: Business segmentation by revenue 2016 (% revenue)
Exhibit 22: Avis Budget: Geographical segmentation by revenue 2016 (% revenue)
Exhibit 23: Enterprise: business segmentation
Exhibit 24: Enterprise: geographical segmentation by revenue 2016 (% revenue)
Exhibit 25: Europcar: Key assets
Exhibit 26: Europcar: Business segmentation by revenue 2016 (% revenue)
Exhibit 27: Europcar: geographical segmentation by revenue 2016 (% revenue)
Exhibit 28: Hertz: Business segmentation by revenue 2016 (% revenue)
Exhibit 29: Sixt: Business segmentation by revenue 2016 (% revenue)
Exhibit 30: Sixt: Geographical segmentation by revenue 2016 (% revenue)
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FEATURED COMPANIES

  • Alphabet
  • Arval
  • Avis Budget
  • Enterprise
  • Europcar
  • Hermes
  • MORE
New Report Released: – Car Rental Market in Europe 2017-2021

The author of the report recognizes the following companies as the key players in the car rental market in Europe: Avis Budget, Enterprise, Europcar, Hertz, and Sixt.

Other Prominent Vendors in the market are: Alphabet, Arval, Hermes, Irish Car Rental, and Maggiore.

Commenting on the report, an analyst from the research team said: “One trend in the market is electric cars in rental industry. Electric vehicles entered the automotive scene in 2010, and some car rental companies immediately adopted them as part of corporate environmental initiatives. In 2015, Hertz and Enterprise added electric vehicles to their respective fleets in the US, and started introducing plug-in vehicles for rental and car-sharing services.”

According to the report, one driver in the market is rising consolidation. Over 35% of the car rental market in Europe was fragmented, and was far less consolidated than the North American market in 2015. The car rental market in Europe has undergone various mergers and acquisitions, making the top five players contribute around 70%. Most of the US rental agencies have a presence throughout Europe. These companies have a high demand in Europe, owing to their presence and readily available vehicles in nearly all areas. For example, Enterprise had franchises in 18 countries in Europe in 2016.

Further, the report states that one challenge in the market is stringent rules for car rental in Europe. Europe experiences high taxes; moreover, a multitude of local policies impede operations and sometimes lead to customer service chaos. The standard retail tax in the eurozone went from 19% to 21% in 2012, and from 23% to 25% in 2016. In addition, renters in Italy must buy the collision damage waiver (CDW). This comes with a huge deductible, and rental companies sell insurance products to cover that gap. In Ireland, rental companies can levy a surcharge for renters older than 75.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Avis Budget
  • Enterprise
  • Europcar
  • Hertz
  • Sixt
  • Alphabet
  • Arval
  • Hermes
  • Irish Car Rental
  • Maggiore
Note: Product cover images may vary from those shown
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