Researchmoz announces new market research report on "The Global Car Rental Market to 2018: Market Shares, Size, Key Trends, Growth, Opportunity and Forecast" to its huge database.

Albany, NY -- (SBWire) -- 12/18/2014 --The global car rental market performed well during the historic period, recovering from the slowdown recorded at the beginning of 2009 due to the financial crisis and recession. Overall, growth was recorded in the four regions – Americas, Asia–Pacific, Europe, Middle East and Africa – across all key performance indicators (KPIs) during the historic period. This is expected to continue over the forecast period, supported by the rise in tourism flows and expenditure.

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According to the Travel &Tourism intelligence center (TTIC) analysis based on 40 countries around the world, the US was the leader in the car rental market in terms of both market value and fleet size. The US recorded US$28.6 billion market value in 2013, which is more than six times that of its competitor, Japan, which recorded US$4.2 billion market value in 2013.

Japan was the largest car rental market in the Asia-Pacific region with a total market value of US$4.2 billion in 2013. South Korea followed closely with a market value of US$4.1 billion in 2013; however, it is expected to surpass Japan's car rental market value in 2014 to become the largest market with US$4.4 billion in revenue. Hong Kong was the smallest market with total market value of US$14.8 million. China is a rapidly developing rental market, which recorded the highest growth in total car rental market value in the region at a CAGR of 26.05% during the historic period.

South Africa was the largest car rental market in the Middle East and Africa with a total market value of US$492.3 million in 2013, closely followed by Saudi Arabia with a market value of US$490.2 million. However, the Saudi Arabian car rental market is expected to surpass South Africa's car rental market value in 2014 to become the largest market with US$513.1 million in revenue.

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Make strategic business decisions using historic and forecast market data related to the global car rental market
Understand the key market trends and growth opportunities in the global car rental market
Gain strategic insights on the leading global car rental companies

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