Car sharing surge the benefits of auto mobility to individual without bearing the cost and effort of car ownership. Therefore, car sharing has pursuing seen double digit growth over the recent last few years, especially in the metropolitan cities where major portion of population are passing on the costs of car ownership. Moreover, corporate car sharing users are becoming an unavoidable source of additional business for stationary car sharing providers.
The growth of the rental car market has led to increasing demand for automobiles capable of providing safety and comfort at a reasonable price but there is a risk considered from the side of the rental car company as well.
Facial recognition technology has begun to gain traction on devices like i-Phone X. Just recently IDEMIA announced their plan to install facial recognition cameras in rental vehicles. IDEMIA is a French company that specializes in biometrics and digital technology. Certain digital methods have been introduced in the recent past in order to improve the safety and security of rented cars.
Car rental industries contribute significantly to reduce pollution level in the environment. Rise in the disposable income of developed countries such as North America, Europe, Asia- Pacific made them the major leader is continuously striving to equip themselves with all new technologies to acquire each and every customer in the market.
The global car rental market research report has had immense competition from car sharing and peer to peer rental companies like Uber, Lyft and Turo which has made the competition scenario highly complex and increased customer expectations as well as supplier power.
Europe is having most prominent share in the IoT technology of the car rental industry and in the near future it is expected that with the more advancement in this technology will generate the highest revenue. The Hertz’s 24/7 service is accessible in a number of European countries, including the UK and serves employees of corporate sector with access to a pool of connected devices.
The car rental industry is a multibillion dollar industry globally. Car rental sector has observed immense growth in the recent years especially in USA and countries of Europe because of rising air travel by people for business or leisure.
The market for car rental in Middle East has been driven by countries such as Oman, Qatar, and Kuwait. Countries such as Saudi Arabia and UAE constitute for a major portion of car rental revenues across the Middle East region. The market for car rental in the country has been driven by the rise in demand for local players in Middle East although the market has been dominated by players such as Hertz Corporation, Sixt, Avis Corporation and Europcar.
Car-sharing, or carpooling, started life as a motor vehicle version of hiring a DVD. Renting is no longer just a financial alternative to owning – user paid for a period of use, not for access at any time. The new service of carpooling, the user only pays by use. The person hires the vehicle when he or she confirms the booking via a device and stops when the user ends the booking.
With the technology of IoT the rental car workers can monitor the car’s fuel level and odometer. In addition the IoT stage can help in locating any vehicle in real time, which is very much beneficial if the car is not returned to the proper location at the time. The car rental companies can track the GPS location to find out more related to why people rent their vehicles which help in improving the mapping for future use.
The companies that use ride sharing are taking away a portion of business for short term car rentals. The portion is expected to increase over time. The introduction of ride sharing has allowed consumers to avail a larger variety of cars.
The report covers various aspects such as overall market size of Turkey car rental, cab aggregator, self driven car and car sharing in terms of transaction value.. For more information on the research report, refer to below link: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/turkey-car-rental-market/142340-100.html
The car rental market in Egypt has been on a downward trend since the past few years from 2010-2015 majorly due to the presence of various obstacles such as local supply, poor roads, GPS, government regulation and poor infrastructure facilities. Various companies in the country have been closed due to the increasing dominance of local companies. Although majority of the business people, students and expats that travel to the country prefer to rent a car for long term/ service tenure. Egypt car rental market has declined at a CAGR of ~%, over the period, 2010-2015 and slumped to USD ~ million in 2015 from USD ~ million in 2010.
Car rental services generally function in a network of pick-up or drop-off points and provide a wide range of vehicles, which are usually owned by an organization that rents them to the users for short periods of time, depending on their needs; be it daily, monthly, or even annual plans.
Car rental market business has developed rapidly over the past few years due to increasing development in the travel and tourism industry. The increase in the consumers spending limit along with improved roads or highways infrastructure worldwide are the major factors that encourage consumers to opt for leisure and business trips.
Thailand Car Rental Market Outlook to 2021 - Increasing Traffic Congestion and Rising Number of Corporate Clients to Amplify the Market Growth.. Source: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/thailand-car-rental-market/137098-100.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com
Reports and Intelligence present report on “Research and Development Forecast of China Car Rental Industry, 2013-2017”. With the development of China’s society and the improvement of people’s living standards as well as the transition of consciousness, more and more people and enterprises choose to travel with rented cars; for recent years, coupled with the implementation of purchase curbs policy in the second and first-tier cities, the development of car rental is greatly stimulated to a large extent. Detailed report at: http://www.reportsandintelligence.com/research-and-development-forecast-of-china-car-rental-industry-2013-2017-market
The global car rental market size is expected to grow from $94.75 billion in 2022 to $102.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%.
Global passenger car rental market size is expected at $202.40 Bn by 2027 at a growth rate of 4% and growth and demand by The Business Research Company.
TripFro is a cloud-based car rental software designed to automate the management of your fleet especially in a vehicle rental business. know more at: www.tripfro.com
http://www.cityinterrent.com/blog/car-rental-leasing-in-the-uk-market-research-report/ - City Inter Rent specialises in the rental and leasing of luxury vehicles meant to facilitate travel in a busy, fast-paced world.
The report includes snapshots on ride sharing / carpooling market, self-driven car market and bike rental market in Indonesia and covers aspects such as off-airport and on-airport bookings, corporate and retail clients, and demand by major regions
The Global And China Rental Car Insurance Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Rental Car Insurance industry.
The Global And China Car Rentals Service Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Car Rentals Service industry.
Car Rental and Leasing Market is predicted to gain better growth in coming years 2018 to 2023. This Car Rental and Leasing market report provides extensive analysis of top-vendors, regional development, progressive trends, and countless growth statistics of Car Rental and Leasing market. Additionally, emerging opportunities and revenue forecast (2018-2023) allows easy decision-making for all readers worldwide.
Market Reports on India presents the latest report on “Research Report on India Car Rental Market (2016-2021)”. http://www.marketreportsonindia.com/service-industry-market-research-reports-13725/india car-rental-radio-taxi-corporate-aggregators-affilators.html The growth in this market is accompanied by the surging penetration of the radio cabs in the tier II cities, increase in influx of tourist and high level of convenience being associated with the cabs.
One of the industries which benefitted the most on account of improving world economy is car rental. Car rental is the hiring of a motor vehicle from one party to another party. Car rental companies are the ones which offer cars and vehicles on rent for a few hours to a few weeks, for a fee. Fore more information : http://bit.ly/1lSKxjm
Marketreportsonchina.com presents a report on “The Future of Car Rental Market in China to 2019: Market Profile”. http://www.marketreportsonchina.com/service-industry-market-research-reports-2013/future-car-rental-china.html It provides detailed analysis on key trends and issues, market size and forecasts, key performance indicators and competitive landscape in the China car rental market.
Goldstein Research analyst forecast the global car rental market to expand at a CAGR of 5.7% during the forecast period 2016-2024 and reach the valuation of USD 85.1 billion by 2024.
2019 Analysis and Review Car Rental Market by Car Type - Economy Cars, Compact Cars, Intermediate Cars, Premium Cars, Luxury Cars and Others for 2019 - 2029
The report provides a comprehensive analysis of the market size of the UK car rental industry by revenue and by rental fleets, market segmentation by on and off airport car rentals, by business, leisure and replacement rentals, long and short duration, as well as it is also segmented on the basis of online and station booking. The report entails the market share of major players in the overall car rental industry as well as the market share by on and off airport segment.
Infinium Global Research has added a new report on Africa Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
Infinium Global Research has added a new report on India Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
Infinium Global Research has added a new report on Brazil Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
Infinium Global Research has added a new report on Germany Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
Infinium Global Research has added a new report on France Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
Infinium Global Research has added a new report on Ireland Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
Infinium Global Research has added a new report on China Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
The report provides a comprehensive analysis of the market size of Spain car rental industry by revenue, market segmentation by on and off airport car rentals, by business, leisure and replacement rentals, long and short duration, as well as it is also segmented on the basis of online and station booking. The report entails the market share of major players in the overall car rental market.
Infinium Global Research has added a new report on Russia Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
Infinium Global Research has added a new report on United States Car Rental Market. The report predicts the market size of Car Rental is expected to reach XX billion by 2022.
FlightsLogic provides a Car Module, Car Rental Reservation System, Car Booking System to travel agents, tour operators, and travel companies all over the globe.
ESOMAR-certified consulting firm Future Market Insights (FMI) provides detailed assessments on the Global Car Rental market. The study is intended to help enterprises within the services & utilities industry to enhance their performance amid evolving market trends. It offers a comprehensive report on ongoing and upcoming trends in the Car Rental market. Detailed evaluation on market scenario across key regions is undertaken to facilitate decision-making of key players.
The global car rental market had a market size of $64.47 billion in 2018 and opportunities are poised growing with a compound annual growth rate (CAGR) of 11.53% during the forecast period 2019-2025.
The report titled “Poland Car Rental Market by Market Structure (Organized and Unorganized Sector), by Mode of Booking (Online and Offline), by Clients (Leisure and Business), by Pick-Ups (Airport and Off-Airport), by Car Type (Small, Medium and Large) and by Major Regions - Outlook to 2022” by Ken Research suggested that growing demand for online car booking backed up with growing number of medium and small car rental companies will majorly account for the overall revenue growth of Poland car rental market in next 5 years till 2022.
Strong penetration of the internet and Smartphone, growth in demand for online booking and expansion of fleet size of major players in the industry have been major growth drivers of Romania car rental market during the review period.
The Global Car Rental and Leasing Market witnessed a rapid growth in the historic period from 2016 to 2019 and is anticipated to witness significant growth during the forecast period.
According to the Market Statsville Group (MSG), the global commercial vehicle rental market size is expected to grow from USD 89,282.18 million in 2022 to USD 1,99,847.97 million by 2033, growing at a CAGR of 7.6% from 2023 to 2033.
Market Reports on India present the latest report on “Car Rentals Market in India”, This report provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of rental.