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Global Car Rental Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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  • 180 Pages
  • February 2024
  • Infogence Global Research
  • ID: 5544175
The Global Car Rental Market is estimated to be USD 94.60 Bn in 2023 and is expected to reach USD 153.74 Bn by 2028, growing at a CAGR of 10.20%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Car Rental Market is segmented based on Car Type, Rental Category, Mode of Booking, Application, End-User, and Geography.
  • By Car Type, the market is classified into Economy Cars and Luxury Cars.
  • By Rental Category, the market is classified into Short Term and Long Term.
  • By Mode of Booking, the market is classified into Offline and Online.
  • By Application, the market is classified into Leisure/Tourism and Business.
  • By End-User, the market is classified into Self-Driven and Chauffeur-Driven.
  • By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Ride-on Rentals, Zoom Car, Volkswagen, Urban Glider, Rental car.com, TOYOTA Rent a Car, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Car Rental Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Car Rental Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Car Rental Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report..
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Growth in the Leisure and Corporate Travellers
4.1.2 Growing Trends of Ride Sharing, Micro-Mobility and Peer-to-Peer Car Sharing Services
4.1.3 Rising Availability of High-End Luxury and Economy Vehicles in Developing Regions
4.2 Restraints
4.2.1 Growth in Low-Cost Public Transportation
4.2.2 Lack of Service Providers in Remote Areas
4.3 Opportunities
4.3.1 Ongoing Demand Attributed to Online Car Rental Services
4.3.2 Surge in Penetration of Smartphones with increasing Mobile Apps from Market Player
4.4 Challenges
4.4.1 Fluctuating Crude Oil Prices Impacts Rental Rates
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTEL Analysis
5.4 SWOT Analysis
5.5 Impact of Covid-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Car Rental Market, By Car Type
6.1 Introduction
6.2 Economy Cars
6.3 Luxury Cars
7 Global Car Rental Market, By Rental Category
7.1 Introduction
7.2 Short Term
7.3 Long Term
8 Global Car Rental Market, By Mode of Booking
8.1 Introduction
8.2 Offline
8.3 Online
9 Global Car Rental Market, By Application
9.1 Introduction
9.2 Leisure/Tourism
9.3 Business
10 Global Car Rental Market, By End-User
10.1 Introduction
10.2 Self-Driven
10.3 Chauffeur-Driven
11 Americas' Car Rental Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe's Car Rental Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe
13 Middle East and Africa's Car Rental Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA
14 APAC's Car Rental Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements
16 Company Profiles
16.1 Ace Rent
16.2 AI-Futtaim Vehicles Rentals Co.
16.3 Alamo Rent A Car
16.4 ANI Technologies
16.5 Avis Budget Group
16.6 Bandago Van Rental
16.7 Budget Car Rental
16.8 Capps Truck & Van Rental
16.9 CAR
16.10 Carzonrent
16.11 Dollar Car Rental
16.12 Eco Rent a Car
16.13 Enterprise Rent-A-Car
16.14 Essen Renting
16.15 Europcar Mobility
16.16 Fox Rent A Car
16.17 GlobalCarRental
16.18 Localiza
16.19 Lotte Rental
16.20 Rental Car.com
16.21 Ride on Rentals
16.22 Sixt
16.23 The Hertz Corporation
16.24 TOYOTA Rent A Car
16.25 Uber Technologies
16.26 UrbanGlider
16.27 Volkswagen
16.28 ZoomCar
17 Appendix
17.1 Questionnaire

Companies Mentioned

  • Ace Rent
  • AI-Futtaim Vehicles Rentals Co.
  • Alamo Rent A Car
  • ANI Technologies
  • Avis Budget Group
  • Bandago Van Rental
  • Budget Car Rental
  • Capps Truck & Van Rental
  • CAR
  • Carzonrent
  • Dollar Car Rental
  • Eco Rent a Car
  • Enterprise Rent-A-Car
  • Essen Renting
  • Europcar Mobility
  • Fox Rent A Car
  • GlobalCarRental
  • Localiza
  • Lotte Rental
  • Rental Car.com
  • Ride on Rentals
  • Sixt
  • The Hertz Corp.
  • TOYOTA Rent A Car
  • Uber Technologies
  • UrbanGlider
  • Volkswagen
  • ZoomCar