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.
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 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.
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.
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.
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 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.
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.
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
Ride Sharing Market by Type (E-hailing, Station-Based, Car Sharing & Rental), Car Sharing (P2P, Corporate), Service (Navigation, Payment, Information), Micro-Mobility (Bicycle, Scooter), Vehicle Type, and Region - Global Forecast to 2025
More Information @ http://bit.ly/2mkiVJY car sharing market continues to grow dramatically, rental car companies and the manufacturers are investing to enhance their business models. In 2016, General Motors invested in a Chinese company, Yi Wei Xing that offers a service to arrange short-term rentals.
The report also provides insight vehicle leasing market in UAE, Dubai, Abu Dhabi and Northern Emirates including car leasing market size and segmentation by industry verticals, term of contracts and vehicle type for car leasing market. The report also entails the market share and strategies of the major players in the UAE car rental and leasing market along with the Government rules and regulations governing the market. An analysis of the future Car Rental Market of UAE is provided on the basis of revenue and fleet size over next five years.
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.
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.
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.
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 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.
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.
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.
Car-sharing companies are constantly striving to broaden their presence in untapped regions through service expansion initiatives to meet the strong demand for vehicle access options. To cite an instance, Free2move, a mobility service company owned by Stellantis, announced plans to extend its automobile sharing, rental, and subscription services in the U.S. from 2023, with a target of adding 200 additional mobility markets internationally by 2030.
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.
Ken Research in its latest study, Netherlands 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 (Hatchback, Sedan and SUV) and by Major Regions - Outlook to 2022, suggests that demand for car rental in the country will grow at a positive growth rate owing to growing demand for car sharing and ride sharing services in the country.
TechSci Research's report "Shared Mobility Telematics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027" predicts a remarkable CAGR for the global shared mobility telematics market during the forecast period, due to the increasing demand for car-pooling and car-sharing services. Factors such as rapid urbanization, the expansion of the automotive industry, growing vehicle fleets, and various environmental issues are expected to fuel the growth of the market over the next five years. In addition, rising environmental concerns have prompted consumers to opt for car-sharing and car-pooling services, as toxic exhaust from cars has led to environmental degradation. Governments have introduced strict regulations to reduce fuel consumption and harmful emissions from vehicles, which is further boosting the growth of the global shared mobility telematics market.
The report titled “Turkey 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 (Hatchback, Sedan and SUV) and by Major Regions - Outlook to 2022” by Ken Research suggested that rising middle-class population with its high level of disposable incomes will majorly account for the overall revenue growth of Turkey car rental market in next 5 years till 2022.
Car rental market is projected to hit $214.04 Bn by 2027. This study presents market analysis, trends, and future estimations to determine investment pockets.
The global car rental market size reached US$ 79.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 95.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028. More info: https://www.imarcgroup.com/car-rental-market
In the world of technology, everyone starts a new venture. Start your own taxi or ride-sharing business by investing in the application like Uber. To build uber clone app contact: https://www.cubetaxi.com/
Ken Research Report Covers Car Rental Apps in Indonesia,On demand helicopter services,Taxi Apps Market in Indonesia,Food Delivery Startups in Indonesia,Industry Growth On Demand Services,Ride Sharing Apps in Indonesia,On-demand Laundry Market,On Demand Grocery Market,Indonesia Online Food Market,On-Demand Services in Indonesia,Go-Jek Market Share Indonesia,Jakarta Grab Indonesia Market Share,On-demand local services startup investment,Indonesia on-demand laundry app
Car rental companies have been tying up with companies to attract more corporate clients and earn higher revenues. Car rental for leisure purpose accounted for almost same market share as business segment, ~% (USD ~ million) during 2017.
The U.S. car rental market is highly consolidated where the top three players accounted for majority of the of the market share. For more mail: vikas@konceptanalytics.com
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
Oman Car Rental and Leasing Market Forecast to 2020 - Developing Tourism Industry and High Per Capita Income to Drive Growth" provides a comprehensive analysis of the Car Rental and Leasing Market in Oman. The report covers various aspects such as market size of Oman car rental and leasing market
Notes: Production, means the output of Car Rental Revenue, means the sales value of Car Rental This report studies Car Rental in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market s
The global car rental market is expected to increase at high growth rates during the forecast period (2017-2021). For details, write to info@daedal-research.com
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.
The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is mainly made up car rentals for business and leisure purposes. To know more, click on the link below: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/car-rental-global-almanac/95853-100.html.Contact us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204
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
The global automobile rental and leasing market is expected to decline from $366.9 billion in 2019 to $239.6 billion in 2020 at a compound annual growth rate (CAGR) of -35%.