Car Rental market growth at 8.6% CAGR by 2025: Research Study
by harsh143 · January 7 Cheap Larry Ogunjobi Jersey , 2019

Convenient booking through online services, surge in number of internet users, introduction of new business concepts, growing public awareness regarding car services and increase in arrival of international tourists have significantly contributed to the car rental market. The global car rental market is expected to expand at a CAGR of 6.6% over the forecast period, 2025.

Market Dynamics

Surge in income levels in parallel to rising GDP rates in various emerging regions are positively impact growth of the global car rental market. In addition, surge in demand for creative activities Cheap David Njoku Jersey , enhanced infrastructural development, increasing air travel and growing urban population has broadened the scope for providers of car rental services.

In addition, strict emission standards, volatility in prices of crude oil, low public transportation cost are factors that could inhibit growth of the market in the span of next ten years. Moreover, surge in presence of car rental service providers online and increasing investment by various industry players further contribute towards growth of the car rental market globally.

Additionally Cheap Jabrill Peppers Jersey , growing urbanisation has led to rise in on-demand mobility services such as renting cars on short-term basis, car sharing and others. Furthermore, increasing technological advancement is likely to offer favourable opportunities for growth. Such factors collectively will fuel growth of the car rental market globally.


Report For Sample with Table of Contents@ Car Rental Market: North America to Retain Dominance throughout 2025

In 2014, on-airport segment among various types of end uses will dominate global car rental market in terms of revenue. Moreover, on-airport segment is expected to grow at a CAGR of 8.2% over the following decade. Whereas, the on-airport car rental services will retain dominance in the global car rental market in the span of next ten years.

Among various types of customers Cheap Myles Garrett Jersey , the leisure services will grow at an impressive 8.6% CAGR over the following decade.

In 2014, offline access among various types of booking retained dominance in the global car rental market in terms of revenue and accounted for 48.4% of the market share globally. However, the market will lose it shares to mobile application sector, which will grow at a healthy CAGR of 9.9% in the span of next ten years.

In 2014, the unorganised sector among various other sectors retained dominance the global car rental market in terms of revenue and accounted for 56.9% market share. In addition, the unorganised sector will grow at a healthy 7.3% CAGR over the following decade.


Request For Report Discount@ Regional Analysis

In 2014 Cheap Nick Chubb Jersey , North America dominated the car rental market in terms of revenue among various other regions. Furthermore, North America will retain dominance in the global car rental market over the following decade. Whereas, APEJ will grow at a CAGR of 10.2% in the span of next ten years.

Vendor Insights

The car rental market is concentrated in some regions such as Europe and U.S. with top two players accounting for over 50% of the overall market share. Leading marker players operating in the global car rental market include The Hertz Corporation, Enterprise Holdings Inc., Europcar Group S.A., Avis Budget Group Cheap Denzel Ward Jersey , Inc., Sixt SE, Carzonrent India Pvt Ltd., Localiza- Rent a Car SA, AI Futtaim Group, GlobalCARS and Eco Rent a Car. Having a MLM Prosperity mindset is important for your online business success. Cultivating the habit of positive expectations toward their business could be a major challenge for some. Reasons may be that they have failed at many things before now Cheap Baker Mayfield Jersey , or know someone who's failed in a similar activity.

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