Albany, NY -- (SBWIRE) -- 08/26/2016 -- Car rental services operate through a network of pickup or drop-off points and offer a range of vehicles that customers can pay to drive when required. Car rentals are a substitute to car ownership. In this system, vehicles are owned by a firm or organization that rents them to users for short periods by the day or through monthly or annual plans. Over the past three decades, car rentals have grown from a basic service provided by popular organizations to a widely recognized component of the urban transport industry. They are also quickly developing into a globalized industry that can provide many transportation, land use, environmental, and social benefits.

The global car rental market to grow at a CAGR of 16.07% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global car rental market for 2016-2020. To calculate the market size, the report considers the revenue generated from the different geographical regions.

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The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

Technavio's report, Global Car Rental Market 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
- Avis Budget
- Carzonrent
- Enterprise Holding
- Europcar
- Hertz
- Sixt

Other prominent vendors
- Advantage Rent a Car
- Hermes Rent a Car
- Dollar Thrifty Automotive
- Eco Rent-A-Car
- E-Z Rent-A-Car
- Fox Rent-A-Car
- Irish Car Rental
- Island Car Rental

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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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