Car Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024


DescriptionTable of ContentList of TablesList of Figures
Introduction
Car Rental Market was valued at USD XX Billion in 2019 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. Due to Rise in international tourism combined with awareness about rental car services are expected to be the major factors driving the growth of the car rental market. Furthermore, growing trend of using internet for customizing travel trips and online reservations and bookings are estimated to enhance the use of technology in the car rental market over the upcoming years. Additionally, leading car rental service providers are giving quality services and endorsing their brands at airports and this is helping customers to adopt their services. However, Fluctuation in the crude oil prices and increased operational cost are the factors anticipated to hamper the growth of the car rental market over the forecast period.
Geographical Overview
Geographically, North America dominated the car rental market followed by Asia Pacific owing to the consumer preference coupled with presence of large number of key operators in the North American regions. Moreover, growing number of business trips as both domestic and international and number of air travelers is expected to increase the demand of such services in the North American regions. On the other hand, expansion of leading car rental companies along with technological advancements in the regions such as Asia Pacific is anticipated to nurture demand for car rental services in the upcoming years. Moreover, strengthening position of the medical tourism industry is augmented to drive the Asia Pacific market for car rentals in the years to come.
Segmental Overview
Car Rental Market is segmented as per below specifications - 

 By Car Type
• Luxury Cars
• Economy Cars
• SUVs
• MUVs
By Category
• Local Usage
• Airport Transport
• Outstation
By Fuel Type
• Gasoline And Petrol
• Diesel

Competitor Analysis
Car Rental Market has presence of some of the key major players across globe which includes
• Carzonrent
• Al-Futtaim Group
• EuropCar
• The Hertz Coorporation
• sixt
• Avis Budget Group, Inc.
• Enterprise Rent-A-Car
• Uber Technologies.inc
• Enterprise Holding inc.
• Al-Futtaim Group
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.  
By Geographical Locations: 
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China 
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific 
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Car Rental Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation 
Market size projection based on Historical & current market trends 
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations