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Car Rental (Luxury Cars, Executive Cars, Economy Cars, SUV Cars, and MUV Cars) Market for Local Usage, Airport Transport, Outstation, and Other End-users: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020

Published: Dec-2015 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 39067


The report covers forecast and analysis for the car rental market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on revenue (USD billion). The study includes drivers and restraints for the car rental market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the car rental market on a global level.

In order to give the users of this report a comprehensive view on the car rental, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the car rental market has also been included. The study encompasses a market attractiveness analysis, wherein car type segments and end-user segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the car rental market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key car type segmented market covered under this study includes luxury cars, executive cars, economy cars, SUV cars, and MUV cars. Key end-user segments covered under this study include local usage, airport transport, outstation, and others (Including self drive, event transportation, and employee transportation solutions). The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for rental cars based on individual car types and end-users in all the regions and countries.

The report also includes detailed profiles of end players such as Avis Budget Group, Inc, 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. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

The report segments the global car rental market as:

Car Rental Market: Car Type Segment Analysis

  • Luxury cars
  • Executive cars
  • Economy cars
  • SUV cars
  • MUV cars

Car Rental Market: End-users Segment Analysis

  • Local usage
  • Airport transport
  • Outstation
  • Others (Including self drive, event transportation, employee transportation solutions)

Car Rental Market: Regional Segment Analysis

  • North America 
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global car rental market, 2014 - 2020, (USD Billion)
    • 2.2. Car rental: Market snapshot
  • Chapter 3. Car Rental Market: Industry Analysis
    • 3.1. Car rental: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing global tourism industry
      • 3.2.2. Global growth in business trips and leisure trips
      • 3.2.3. Large use of internet and SmartPhone technology
    • 3.3. Restraints
      • 3.3.1. Stringent emission standard and volatility in crude oil prices
    • 3.4. Opportunity
      • 3.4.1. Emerging market
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by car type segment
      • 3.6.2. Market attractiveness analysis by end-users segment
      • 3.6.3. Market attractiveness analysis by regional segment
  • Chapter 4. Global Car Rental Market: Competitive Landscape
    • 4.1. Company market share analysis, 2014
    • 4.2. Price trend analysis
  • Chapter 5. Global Car Rental Market: Car Type Analysis
    • 5.1. Global car rental market share, by car type, 2014 & 2020
      • 5.1.1. Global luxury cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.2. Global executive cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.3. Global economy cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.4. Global SUV cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.5. Global MUV cars for global car rental market, 2014 – 2020 (USD Billion)
  • Chapter 6. Global Car Rental Market: End-user Segment Analysis
    • 6.1. Global car rental market share, by end-user, 2014 & 2020
      • 6.1.1. Global car rental market for local usage, 2014 – 2020 (USD Billion)
      • 6.1.2. Global car rental market for airport transport, 2014 – 2020 (USD Billion)
      • 6.1.3. Global car rental market for outstation, 2014 – 2020 (USD Billion)
      • 6.1.4. Global car rental market for other end-users, 2014 – 2020 (USD Billion)
  • Chapter 7. Car Rental Market: Regional Analysis
    • 7.1. Global car rental market: Regional overview
      • 7.1.1. Global car rental market share, by region, 2014 and 2020
    • 7.2. North America
      • 7.2.1. North America car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.2.2. North America car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.2.3.2. U.S. car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.3.2. Europe car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.3.3. Germany
        • 7.3.3.1. Germany car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.3.3.2. Germany car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. UK car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.3.4.2. UK car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.3.5.2. France car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia-Pacific car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.4.2. Asia-Pacific car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.4.3.2. China car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.4.4.2. Japan car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.4.5.2. India car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.5.2. Latin America car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.5.3.2. Brazil car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.6.2. Middle East & Africa car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Avis Budget Group Inc
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Sixt Rent A Car
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Enterprise Rent-A-Car
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. The Hertz Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. EuropCar
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Al-Futtaim Group
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Carzonrent
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Localiza Rent A Car
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Eco Rent A Car
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments

List of Tables

1. Global car rental market snapshot
2. Drivers for car rental market: Impact analysis
3. Restraints of car rental market: Impact analysis
4. North America car rental market revenue, by car type, 2014 – 2020 (USD Billion)
5. North America car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
6. U.S. car rental market revenue, by car type , 2014 – 2020 (USD Billion)
7. U.S. car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
8. Europe car rental market revenue, by car type , 2014 – 2020 (USD Billion)
9. Europe car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
10. Germany car rental market revenue, by car type, 2014 – 2020 (USD Billion)
11. Germany car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
12. UK car rental market revenue, by car type , 2014 – 2020 (USD Billion)
13. UK car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
14. France car rental market revenue, by car type, 2014 – 2020 (USD Billion)
15. France car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
16. Asia Pacific car rental market revenue, by car type, 2014 – 2020 (USD Billion)
17. Asia Pacific car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
18. China car rental market revenue, by car type, 2014 – 2020 (USD Billion)
19. China car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
20. Japan car rental market revenue, by car type, 2014 – 2020 (USD Billion)
21. Japan car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
22. India car rental market revenue, by car type, 2014 – 2020 (USD Billion)
23. India car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
24. Latin America car rental market revenue, by car type, 2014 – 2020 (USD Billion)
25. Latin America car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
26. Brazil car rental market revenue, by car type, 2014 – 2020 (USD Billion)
27. Brazil car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
28. Middle East & Africa car rental market revenue, by car type, 2014 – 2020 (USD Billion)
29. Middle East & Africa car rental market revenue, by end-user, 2014 – 2020 (USD Billion)

 


List of Figures

1. Global car rental market segmentation by car type, end-user, and geography
2. Global car rental market, 2014 - 2020 (USD Billion)
3. Porter’s five forces analysis: Car rental market
4. Global car rental market attractiveness, by car type
5. Global car rental market attractiveness, by end-user
6. Global car rental market share, by car type, 2014 - 2020
7. Global luxury cars for car rental market, 2014 - 2020 (USD Billion)
8. Global executive cars for car rental market, 2014 – 2020 (USD Billion)
9. Global economy cars for car rental market, 2014 – 2020 (USD Billion)
10. Global SUV cars for car rental market, 2014 – 2020 (USD Billion)
11. Global MUV cars for car rental market, 2014 – 2020 (USD Billion)
12. Global car rental market share, by end-user, 2014 & 2020
13. Global local usage for global car rental market, 2014 – 2020 (USD Billion)
14. Global airport transport for global car rental market, 2014 – 2020 (USD Billion)
15. Global outstation for global car rental market, 2014 – 2020 (USD Billion)
16. Global others for global car rental market, 2014 – 2020 (USD Billion)
17. Global car rental market share, by region, 2014 - 2020
18. North America car rental market, 2014 - 2020, (USD Billion)
19. U.S. car rental market, 2014 - 2020, (USD Billion)
20. Europe car rental market, 2014 - 2020, (USD Billion)
21. Germany car rental market, 2014 - 2020, (USD Billion)
22. UK car rental market, 2014 – 2020, (USD Billion)
23. France car rental market, 2014 - 2020, (USD Billion)
24. Asia Pacific car rental market, 2014 – 2020, (USD Billion)
25. China car rental market, 2014 - 2020, (USD Billion)
26. Japan car rental market, 2014 – 2020, (USD Billion)
27. India car rental market, 2014 - 2020, (USD Billion)
28. Latin America car rental market, 2014-2020, (USD Billion)
29. Brazil car rental market, 2014 - 2020, (USD Billion)
30. Middle East & Africa car rental market, 2014 - 2020, (USD Billion)

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Zion Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.  

Zion Research has collected key data related to the Car Rental market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Car Rental Market. The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals


Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Car rental is a service, wherein a company offers a car to its customers for a specific period ranging from few hours to months at a predefined lease. Car rental is beneficial for one whose car is out of service temporarily of someone who does not have access to their vehicles. Car rental is a most convenient option for the people opting to have car for a specific period without indulging into legalities of buying a car and those who don’t want invest money in buying a car. Most commonly, car rental service provider’s offices are located near airports or busy city center. Most of the time, car rental companies also provide value added services such as insurance, entertainment systems, GPS navigation systems, etc.      

Growing tourism is one of the major driving factors for car rental market around the world. The higher penetration of travelers is been noticed especially form North America and Europe region. Online booking services and facilities to return the vehicle in a location of their convenience is also attracting people to hire a car. Additionally, rapidly increasing industrialization and globalization has been resulted into increase in business and leisure trips. This in turn is expected to propel the market growth. However, stringent emission standards and volatility in crude oil prices are anticipated to hold back the growth of the market over forecast period.

global car rental market

On the basis of car type, the car rental market has been segmented as luxury cars, executive cars, economy cars, SUV cars, and MUV cars. Economy car was one of the leading segments and accounted for more than 30% share of the total revenue generated by car rental market in 2014. The executive and luxury cars are the second third largest segments respectively and also expected to experience significant growth in the years to come.    

Local usage, airport transport, outstation and including self drive, event transportation, employee transportation solutions, etc among others are the key end-user segments of car rental market. In 2014, the airport transport was the largest segment and accounted for more than 30% of the total revenue generated by car rental market. Vigorous growth of air travelers is mainly driving growth of airport transport segment. The outstation application is also important outlet that is expected to exhibit rapid growth in the years to come at growing CAGR.

North America was the leading regional market for car rental, with around more than 35% share in total revenue generated in 2014. Strong growth in business and leisure travelling is expected to drive the demand for rental cars. Huge population, strong economical growth, increasing disposable income, improved road and infrastructure facilities, steep rise in tourism coupled with rapidly increasing internet usage has been resulted into strong growth car rental market in Asia Pacific region. Europe, Latin America and Middle East are also expected to witness significant growth of car rental market in the years to come.

Some of the key participants for the global rental car market include Avis Budget Group, Inc, 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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