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Car Rental Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020

Report Description

This Future Market Insights report examines the ‘Global Car Rental Services’ market for the period 2014-2020.The primary objective of the report is to offer updates on theadvancement of car rental services coupled with, examining the marketing efforts and business strategies undertaken by the car rental companies which is significantly transforming the car rental market place. 

The Global Car Rental Services marketreport starts with an overview & evolution of the Global Car Rental services, in brief, in rental car services, cars are rented out for a certain period of time to the customer, which has brought ease and convenience to the tourist, business travellers and others depending on the requirements.The global car rental services marketis categorically split on basis of, car type, Car booking type, by passenger type and by geography.

In the next section, FMI covers the global car rental servicesmarket performance in terms of volume and value split, since this isessential to growth of the Global r Car Rental Services market. This section additionally includes FMI’s analyses of the key trends, drivers and restraints from the supply, demand and economy side, which are influencing Global Car Rental Services Market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the Global Car Rental Services report to better equip and arm clients with crystal clear decision-making insights.

The primary focus of the following sectionis to analyse the Global Car Rental Services market by car type. The major type of cars offered by car rental companies are covered which include Luxury, executive, economy, SUV and MUV. A detailed analysis has been provided for every car type in terms of market size. This section further speaks about car rental market by type car rental type or purpose of renting a car. It can be either for leisure or for a business purpose. Reports includes in depth analysis of each segment in terms of value and volume. 

Next section of the report speaks about car rental market by end use, it includes segmentation of car rental market by Intercity, Intracity, airport transport and others. Section analyses each segment in terms of value and volume. This section is followed by analysis of car rental market by booking type as almost all key players have online presence and cars can be booked online. Market segments include, booking a car via mobile app, via other internet access or offline bookings. 

The next section of the report highlights Global Car Rental Services adoption by regions. It provides a market outlook for 2014–2020, and sets the forecast within the context of the global car rental services, This study discusses the key regional trends contributing to growth of the Global Car Rental Services market on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East and North Africa.

All the above sections, by car type, by end use, by booking type,by purpose and by geography evaluate the present scenario and the growth prospects of the global car rental servicesmarket for the period 2014 –2020. We have considered 2014 as the base year and providedata for the trailing 12 months. 

To calculate theglobal car rental servicesmarket size, we have considered revenuegenerated from renting cars, number of cars rented and fees incurred. The forecast presented here assesses the total revenue by both Value and Volume across theGlobal 

Car Rental Services market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the Global Car Rental Services market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various car rental services, verticals uptake and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global car rental services market.

As previously highlighted,global car rental services marketis split into a number of categories. All theglobal car rental servicecategories in terms of regions and verticals are analysed in terms of Basis Point Share to understand individual segments’ relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the Global Car Rental Services market.

Also, another key feature of this report is the analysis of all key Global Car Rental Services segments, sub-segments, regional adoption and verticals revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the Global Car Rental Services market.

Furthermore, to understand key growth segments in terms of growth & adoption ofGlobal Car Rental Services categoriesand regions, Future Market Insights developed the Global Car Rental Services Market Attractiveness Index. The resulting index should help providers identify real market opportunities.

In the final section of the report, Global Car Rental Services Competitive landscape is included to provide report audiences with a Dashboard view, based on categories of provider in the value chain, presence in Global Car Rental Services portfolio and key differentiators. Key categories of providers covered in the report Global Car Rental Services are Budget Car Rental, Mid-Priced Car Rental, Premium Car Rentalcompanies. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the Global Car Rental Services value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the Global Car Rental Services marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the Global Car Rental Services space.

Key Competitors coveredare Avis Budget Group Incorporation, SIXT Rent A Car, Enterprise Rent A Car, The Hertz Corporation, Europcar, Al-Futtaim Group, Carzonrent, Localiza Rent A Car and Eco Rent A Car.

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