Global Car Rental Market Analysis, Trends, Market Size and Forecasts 2016-2024 – ResearchAndMarkets.com

The "Car Rental Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global car rental market to grow with a CAGR of 10.9% over the forecast period of 2018-2024.

The report on global car rental market provides qualitative and quantitative analysis for the period of 2016 to 2024.

Increase in international tourism coupled with awareness about rental car services are anticipated to be the major factors driving the growth of the car rental market. Additionally, increasing trend of using internet for customizing travel trips and online reservations and bookings are expected to boost the use of technology in the car rental market over the upcoming years. Moreover, leading car rental service providers are offering quality services and promoting 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.

On the other hand, Several car companies are using mobile-based applications to communicate the fare, discount coupons, promotional offers, availability of cars, and real-time tracking details to the consumers .This in turn is providing several opportunities for the key players in the car rental market. Furthermore, trouble free process of online reservations and bookings increases convenience for both the operators and customers, which is anticipated to open doors of opportunity for the industry growth in the upcoming years.

Among the geographies, 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.

Segments Covered

Global Car Rental Market by Car Type

• Luxury Cars
• Economy Cars
• SUVs
• MUVs

Global Car Rental Market by Category

• Local Usage
• Airport Transport
• Outstation

Global Car Rental Market by Fuel Type

• Gasoline And Petrol
• Diesel

Company Profiles

• 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
  

For more information about this report visit https://www.researchandmarkets.com/research/8mqdjr/global_car_rental?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005672/en/