Australia Car Rental Market Growth was led by Increasing Inbound Arrival, Growth of Cab Aggregators in the Country and Growing Online Bookings: Ken Research

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Australia Car Rental Market Growth was led by
Increasing Inbound Arrival, Growth of Cab
Aggregators in the Country and Growing Online
Bookings Ken Research
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Encouraged corporate travel activity, largely
positive consumer sentiment and rising
penetration of internet and Smartphone will be
the major growth drivers of Australia car rental
market in upcoming years. The report titled
Australia 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
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• that growing online distribution channels for car
  rental services backed up with further adoption
  of mobile and development of seamless online
  booking applications will majorly contribute to
  the overall revenue growth of Australia car
  rental market in next 5 years till 2022.
• Australia car rental industry is relatively
  concentrated with the top five players in the
  industry majorly accounting for 70 of total
  transaction value during 2017. In terms of
  transaction value, the Australian car rental
  market grew by 4.0 from the previous year
  majorly owing to increasing inbound arrival by
  5.0 to 8.7 million trips due to high flow of
  international tourists from Asian countries. Ride
  sharing market has increasingly gained prominence
  in the market as the number of Uber users doubled
  in the year to March 2017, reaching 2.7 million
  (14 of the population). The cab sharing market
  has grown over the years with the growth in the
  number of players in the industry backed up with
  increasing preference of

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• renting a car for personal use. The growing
  number of small and large businesses in the
  country has also surged the demand for car rental
  services in Australia.
• Increasing competition in the market has raised
  the quality of services offered by car rental
  companies in the country which has attracted more
  number of customers. The car rental market has
  witnessed increasing presence of multinational
  companies growing their presence in untapped
  markets and consistently focusing on increasing
  their fleet size. Over the years, industry has
  witnessed cut-thought competition owing to short
  profit margins which has resulted in the
  companies to improve their service portfolios,
  for instance providing door to door pick up and
  drop facilities for the customers and others. The
  car rental process has been made very agreeable
  including the convenience of online booking and
  payment, among other alternatives. Growth in the
  online channel is driven by growing sales through
  major intermediaries, such as Drive

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• Now, Expedia and Webjet. Major players have
  mobile-optimized websites and Smartphone apps,
  which allow users to book and change booking
  details online, offering more flexibility in
  services.
• Key Topics Covered in the Report
• Car rental Market in Australia
• Value Chain Analysis Australia Car Rental Market
• Australia car rental market size
• Australia Cab Aggregators Revenue
• Major Players in Australia Car Rental Market
• Car Rental Companies in Australia
• Competition in Australia Car Rental Market
• Australia Self Driving Car Market Revenue
• Non Chauffer Rental Car Market Australia
• Australia Car Rental Market Future Growth
• Avis Australia Car Rentals Market Share
• Hertz Investment (Holdings) Pty Limited Fleet
  Size

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Europcar Asia Pacific Revenue from Car
Rental Tourism Holdings Ltd competitors Future of
Australia Car Rental Market Upcoming Trends in
Car Rental Market Australia Market share leading
companies Australia Cab Aggregators International
domestic tourism Australia Growth Australia Bike
Rental Industry Australia Cab Sharing Market Ride
Sharing Market Australia For more information on
the research report, refer to below
link https//www.kenresearch.com/automotive-trans
portation-and-warehousing/automotive-and-automotiv
e-components/australia-car-rental-market/142320-10
0.html
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Contact Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com
91-124-4230204