Sarasota, FL -- (SBWire) -- 07/24/2018 --Zion Market Research has published a new report titled "Luxury Cars Rental Market (Compact Luxury Cars, Mid-Size Luxury Cars, Full-Size Luxury Cars, Luxury Crossovers & Minivans, and Luxury SUVs) for end-users such as Local Usage, Airport Transport, Outstation, And Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022". According to the report, the global luxury cars rental market accounted for USD 8.2 Billion in 2014 and is forecasted to surpass the USD 23.2 Billion by 2022, growing at a CAGR of around 14.0% between 2017 and 2022.
Most car rental providers offer a range of vehicle sizes to suit a variety of budgets and space requirements. Some providers additionally offer specialized vehicles to suit its location such as convertibles, prestige models, hybrid/electric vehicles, or SUVs and passenger vans. The technological innovation such as Internet website allowing online reservations, the different mobile application allows user to save their time and money.
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The report covers forecast and analysis for the luxury cars rental market on a global and regional level. The study provides historic data of 2014-2016 along with a forecast from 2017 to 2022 based on both Volume ('000 Units) and revenue (USD Million). The study includes drivers and restraints for the luxury cars 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 luxury cars rental market on a global level.
In order to give the users of this report a comprehensive view on the luxury cars rental market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the luxury cars rental market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness.
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The study provides a decisive view on the luxury cars rental market by segmenting the market based on luxury care type, end-users, and booking mode. All the luxury care type, end-users, and booking mode segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2022. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its bifurcation into major countries including U.S., Germany, UK, France, Italy, Switzerland, UAE, Nigeria, China, Japan, India, and Brazil. This segmentation includes demand for individual applications in all the regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global luxury cars rental market. Key players profiled in the report 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, Eco Rent A Car, and others.
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Luxury Cars Rental Market Is Anticipated to Grow $23.2 Billion by 2022
Global Luxury Cars Rental Market is Set for a Rapid Growth and is Expected to Surpass the USD 23.2 Billion by 2022