Fast Market Research announces the availability of the new TechNavio report, "Global Car Rental Market 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 09/12/2016 --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.

Technavio's analysts forecast the global car rental market to grow at a CAGR of 16.07% during the period 2016-2020.

Covered in this report

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.

Get More Details on this Report and a Full Table of Contents at Global Car Rental Market 2016-2020

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
-Midway Car Rental
-Movida Rent A Car
-National Car Rental
-Payless Car Rental
-Trust Middle East Car Rental
-Value Car Rental

Market driver

-Increase in business travellers
-For a full, detailed list, view our report

Market challenge

-Limited consumer awareness
-For a full, detailed list, view our report

Market trend

-Emerging market in APAC
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Avis Budget, Carzonrent, Enterprise Holding, Europcar, Hertz, Sixt, 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¸ Midway Car Rental, Movida Rent A Car, National Car Rental, Payless Car Rental, Trust Middle East Car Rental, Value Car Rental

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