According to Goldstein Research, Asia-Pacific car rental market is expected to reach USD21.4 billion by the end of 2024, growing at a CAGR of 6.2% over the forecast period, 2016-2024. The urbanization in APAC countries and rising foreign tourists that are privileged to ride vehicle as per government are the major driving force in the growth of Asia-Pacific car rental market. Asia-Pacific Car rental market segmentation has been done on the basis of rental type, service type, vehicle, mode of booking and geography. Economy cars accounted for largest revenue share in 2016, followed by multi utility vehicles in the vehicle type segment. On the basis of services type segment, self-driving vehicles accounting for largest market share. Asia-Pacific Car rental market is dominated by China, which accounts for over 27% market share. China is closely followed by India and Philippines, which are expected to grow at fastest rate over the forecast period.
Market Segmentation
On the basis of our in-depth analysis, Asia-PacificCar RentalMarket can be segmented as follows:
• By Rental Type
o Interstate Services
o Intrastate Services
o Airport Transfers
• By Services Type
o Chauffeur Drive
o Special Events
o Self-Driving
o Car Pool
o Taxi Services
• By Vehicles
o Luxury Cars
o Executive Cars
o Economy Cars
o Sports Utility Vehicles
o Multi Utility Vehicles
• By Mode of Booking
o Online Bookings
o App-based car rental services
o Telephonic car rental services
o Web-Based Car Rental Services
o Offline Bookings
• On the basis of region
o Japan {Market Size, Growth Analysis and Opportunity Analysis}
o South Korea {Market Size, Growth Analysis and Opportunity Analysis}
o China {Market Size, Growth Analysis and Opportunity Analysis}
o India {Market Size, Growth Analysis and Opportunity Analysis}
o Singapore {Market Size, Growth Analysis and Opportunity Analysis}
o Australia {Market Size, Growth Analysis and Opportunity Analysis}
o New Zealand {Market Size, Growth Analysis and Opportunity Analysis}
o Rest of APAC {Market Size, Growth Analysis and Opportunity Analysis}

“Asia-Pacific Car Rental Industry Analysis” contains detailed overview of the Asia-Pacific Car rental market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by rental type, service type, vehicles and mode of booking.
Further, for the in-depth analysis, Asia-Pacific Car Rental Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asUber, Avis, Ola, Hertz, Didi Chuxing, Sixt, Zoomcar, Europcar, GrabTaxi, Hailo, Line Taxi and Blue Bird,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Asia-PacificCar rental market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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