Allied Market Research recently published a report on car rental market for the forecast period of 2016 to 2022. The global car rental market gained a profit of $79,648 million in 2015 and will reach to a sum of $164,335 million by 2022.
Portland, OR -- (SBWIRE) -- 09/05/2017 -- Allied Market Research recently published a report on car rental market for the forecast period of 2016 to 2022. The global car rental market gained a profit of $79,648 million in 2015 and will reach to a sum of $164,335 million by 2022. A compound growth rate of 11.6% is registered from 2016 to 2022. The report opens with a brief description of the market overview, key benefits, key target segments and the different research methods conducted to formulate this extensive study.
The market overview is a comprehensive analysis of market definition and scope, key findings, Porter's Five Force Analysis, market share analysis, and market dynamics that include drivers, restraints, and opportunities. Factors such as expansion and progression of the global tourism industry, high disposable income in North America and Europe, enhanced global infrastructure, and investments by global funds on aggregator based business model have been identified as the major drivers for the market. The negative impact of the volatile prices on gasoline, petroleum products on the car rental industry is the reason for its sluggish nature. Factors such as high use of the internet to customize trips, reservation and booking are some of the opportunities outlined in the report.
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The car rental market has been outlined on the basis of types of car. This includes luxury car, executive car, economical car, sports utility vehicle, multi utility vehicle. Their key market trends, growth factors, opportunities, market size, and forecast are some of the highlights for each of the types.
The rental category has been divided on the basis of on airport and off airport including local usage off airport. The highlights such as key market trends, growth factors, opportunities, market size and forecast for the rental category as well.
The report contains related industry insights such as global online travel market, global luxury travel market, global travel insurance market, and global smart transportation market.
Geographically segmented, the report gives detailed insights on the markets of North America, Europe, Asia-Pacific, and LAMEA. The highlights for each region includes key market trends, growth factors, opportunities, market size, and forecast. North America and Europe have been identified as the leading operators for car rental market. They are gradually expanding their operations to Asia-Pacific, Africa, and Central America by means of partnerships and joint ventures.
The various key players listed in the report are Avis Budget Group, Carzonrent India Pvt. Ltd, Enterprise Holding Inc, Europcar, The Hertz Corporation, Sixt, Uber Technologies Inc, Localiza, Eco Rent A Car, Budget Rent A Car System Inc. The company overview, business performance, key strategies, and developments have been listed in the report for each of the players.
The global car rental report will provide valuable information to the leading global and local players who are preparing to expand their market. This study will facilitate them to make important decisions before venturing into collaborations and partnerships. The in-depth insights will hold important to investors who are formulating plans for their next strategic move.
Key points to be noted from the global car rental market:
The detailed comprehensive analysis mentions the current market trends along with the future market trends and the lucrative investment pockets.
The report provides market estimation for the period of 2016 to 2022 with 2015 as the base.
Outlining of the key players will enable other players to comprehend their business strategies and make important developments for the same.
Extensive geographical segmentation provides important insights on the profitable areas for business and market expansion.
Access full summary at: https://www.alliedmarketresearch.com/car-rental-market