Albany, NY -- (SBWire) -- 12/23/2016 --The self-drive car rental market in the emerging countries is mainly driven by factors such as government restrictions regarding private car ownerships and increased access to technological advancements like the internet and smartphones. The ownership of private vehicles has increased considerably in the urban areas and large cities of the emerging nations, leading to environmental pollution and traffic congestion. In China, policymakers in large cities have adopted their unique solutions to address the problem. One such example is the car ownership control policy. The policy imposes a direct restriction on the number of registered private car ownership. This has been successful in controlling the proliferation of car ownership, reducing the number of cars on the road.
Technavios analysts forecast the self-drive car rental market in emerging countries to grow at a CAGR of 22.30% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the self-drive car rental market in emerging countries for 2016-2020. To calculate the market size, the report considers the the total number of fleet size, total number of rides per rental car in a year, and the average revenue of the rental companies operating in their respective regions.
The market is divided into the following segments based on geography:
China
India
Brazil
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Technavio's report, Self-Drive Car Rental Market in Emerging Countries 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Zoomcar
Avis
Hertz
CAR
Localiza
Other prominent vendors
Myles
Let Me Drive
Car Club
Eco Rent a Car
Market driver
Government regulations for fossil-fuel powered cars in China
For a full, detailed list, view our report
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Market challenge
Rise in on-demand taxi operators
For a full, detailed list, view our report
Market trend
Renting utilitarian items through e-commerce
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Technology Advancement Self-Drive Car Rental Market in Emerging Countries to Grow at a CAGR of 22.30% Between Period 2016-2020
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