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Asia Pacific Car Rental Market By Application, By Vehicle Type, By Country, Opportunity Analysis and Industry Forecast, 2021-2027

  • ID: 5552923
  • Report
  • January 2022
  • Region: Asia Pacific
  • 81 Pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • Avis Budget Group, Inc.
  • AVR Qatar, Inc.
  • Eco Rent a Car
  • Enterprise Holdings, Inc.
  • Europcar Mobility Group
  • Localiza
The Asia Pacific Car Rental Market is expected to witness market growth of 4.2% CAGR during the forecast period (2021-2027).

The growing popularity of smartphone-based online rental car booking apps has drawn a lot of attention to the car rental industry. Customers can rent cars from companies for a short or long amount of time. Tourist destinations and tier 1 and 2 cities provide the majority of these services. The rapid rise of this sector is fuelled by rising pollution and car prices, as well as cost-effectiveness. Consumers, rental firms, and manufacturers all profit from the sector, which is increasingly establishing itself as a significant vertical in the transportation industry.

In a country like India, the recent expansion of the internet and technology has boosted the self-drive car rental sector. Transportation is the backbone of the working man and serves as a medium for many enterprises, governments, and individuals.

Ola Rentals is the next company on the consumers' list of favorite firms. Ola Rentals, which began operations in June 2016 in India, offers a variety of cars, ranging from SUVs to hatchbacks. Ola Rentals' attractive and inexpensive price makes it a fantastic option for individuals who wish to attend meetings, shop around the city, go on a weekend getaway, or bring their family to a function. Ola Rentals can handle any event. Hence, these factors are anticipated to propel the growth of the regional Car Rental Market during the forecasting period.

The China market dominated the Asia Pacific Car Rental Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $6.93 billion by 2027. The Japan market is anticipated to grow at a CAGR of 3.6% during (2021 - 2027). Additionally, The India market is expected to showcase a CAGR of 4.8% during (2021 - 2027).

Based on Application, the market is segmented into Airport Transport, Outstation, Local usage and others. Based on Vehicle Type, the market is segmented into Economy cars, Executive cars, Luxury cars, SUVs and MUVs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avis Budget Group, Inc., Europcar Mobility Group, Enterprise Holdings, Inc., Hertz Global Holdings, Inc., Localiza, SIXT SE, Eco Rent a Car, ANI Technologies Pvt. Ltd. (Ola Cabs), and AVR Qatar, Inc.

Scope of the Study


Market Segments Covered in the Report:


By Application

  • Airport Transport
  • Outstation
  • Local usage
  • Others

By Vehicle Type

  • Economy cars
  • Executive cars
  • Luxury cars
  • SUVs
  • MUVs

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players


List of Companies Profiled in the Report:

  • Avis Budget Group, Inc.
  • Europcar Mobility Group
  • Enterprise Holdings, Inc.
  • Hertz Global Holdings, Inc.
  • Localiza
  • SIXT SE
  • Eco Rent a Car
  • ANI Technologies Pvt. Ltd. (Ola Cabs)
  • AVR Qatar, Inc.

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

FEATURED COMPANIES

  • Avis Budget Group, Inc.
  • AVR Qatar, Inc.
  • Eco Rent a Car
  • Enterprise Holdings, Inc.
  • Europcar Mobility Group
  • Localiza

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Car Rental Market, by Application
1.4.2 Asia Pacific Car Rental Market, by Vehicle Type
1.4.3 Asia Pacific Car Rental Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements 2017, Jun – 2021, Dec) Leading Players
Chapter 4. Asia Pacific Car Rental Market by Application
4.1 Asia Pacific Airport Transport Market by Country
4.2 Asia Pacific Outstation Market by Country
4.3 Asia Pacific Local usage Market by Country
4.4 Asia Pacific Other Applications Market by Country
Chapter 5. Asia Pacific Car Rental Market by Vehicle Type
5.1 Asia Pacific Economy cars Market by Country
5.2 Asia Pacific Executive cars Market by Country
5.3 Asia Pacific Luxury cars Market by Country
5.4 Asia Pacific SUVs Market by Country
5.5 Asia Pacific MUVs Market by Country
Chapter 6. Asia Pacific Car Rental Market by Country
6.1 China Car Rental Market
6.1.1 China Car Rental Market by Application
6.1.2 China Car Rental Market by Vehicle Type
6.2 Japan Car Rental Market
6.2.1 Japan Car Rental Market by Application
6.2.2 Japan Car Rental Market by Vehicle Type
6.3 India Car Rental Market
6.3.1 India Car Rental Market by Application
6.3.2 India Car Rental Market by Vehicle Type
6.4 South Korea Car Rental Market
6.4.1 South Korea Car Rental Market by Application
6.4.2 South Korea Car Rental Market by Vehicle Type
6.5 Singapore Car Rental Market
6.5.1 Singapore Car Rental Market by Application
6.5.2 Singapore Car Rental Market by Vehicle Type
6.6 Malaysia Car Rental Market
6.6.1 Malaysia Car Rental Market by Application
6.6.2 Malaysia Car Rental Market by Vehicle Type
6.7 Rest of Asia Pacific Car Rental Market
6.7.1 Rest of Asia Pacific Car Rental Market by Application
6.7.2 Rest of Asia Pacific Car Rental Market by Vehicle Type
Chapter 7. Company Profiles
7.1 Avis Budget Group, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments
7.1.4.1 Partnerships, Collaborations, and Agreements
7.1.4.2 Acquisition and Mergers:
7.1.4.3 Geographical Expansions
7.2 Europcar Mobility Group (Eurazeo)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Recent strategies and developments
7.2.3.1 Partnerships, Collaborations, and Agreements
7.3 Enterprise Holdings, Inc. (The Crawford Group, Inc.)
7.3.1 Company Overview
7.3.2 Recent strategies and developments
7.3.2.1 Partnerships, Collaborations, and Agreements
7.3.2.2 Acquisition and Mergers:
7.4 Hertz Global Holdings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.5 Localiza
7.5.1 Company Overview
7.5.2 Recent strategies and developments
7.5.2.1 Partnerships, Collaborations, and Agreements
7.5.2.2 Product Launches and Product Expansions
7.6 SIXT SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional & Segmental Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments
7.6.5.1 Partnerships, Collaborations, and Agreements
7.7 Eco Rent a Car
7.7.1 Company Overview
7.7.2 Recent strategies and developments
7.7.2.1 Partnerships, Collaborations, and Agreements
7.7.2.2 Geographical Expansions
7.8 ANI Technologies Pvt. Ltd. (Ola Cabs)
7.8.1 Company Overview
7.8.2 Recent strategies and developments
7.8.2.1 Product Launches and Product Expansions
7.9 AVR Qatar, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional & Segmental Analysis
7.9.4 Research & Development Expenses
  • Avis Budget Group, Inc.
  • Europcar Mobility Group
  • Enterprise Holdings, Inc.
  • Hertz Global Holdings, Inc.
  • Localiza
  • SIXT SE
  • Eco Rent a Car
  • ANI Technologies Pvt. Ltd. (Ola Cabs)
  • AVR Qatar, Inc.

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