An exciting new study from the team of Lucintel found that car rental market is expected to reach $120 billion by 2025 with a CAGR of 6.1%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The car rental market is segmented based on location, customer, vehicle, mode of booking, and region. In this market, on-airport is expected to remain the largest location, and leisure customer segment is expected to remain the largest customer type. Players can benefit from the available opportunities like growing adoption of rental vehicles and increased investment of tourist attractions followed by gains in per capita disposable income, and increasing corporate travel.
Enhanced user experience through digitization, additional green vehicles in the fleets of rental car companies, and the concept of self-driving instead of hiring a driver are emerging trends having impact on dynamics of the industry.
Enterprise Rent-A-Car, Hertz Group AG, Avis Budget Group Inc., Europcar Mobility Group S.A., and Sixt AG, and others are some of the major players profiled in this 200 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the car rental market by location (on-airport and off-airport), customer type (business, leisure, and others), mode of booking (on-line and off-line), vehicle type (luxury cars, executive cars, economy cars, sports utility vehicles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the car rental market?
Q.4 What are some changing demands of customers in the car rental market?
Q.5 What are the new developments in the car rental market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this car rental area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this car rental market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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