Global Car Rental Market 2016-2020

LONDON, Dec. 18, 2016 /PRNewswire/ -- About Car Rental Services

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.

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?

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