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

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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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The report concludes with future outlook and projections of Australia car rental market, major macroeconomic indicators and upcoming trends affecting the market have also been highlighted in the report. – PowerPoint PPT presentation

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


1
Australia Car Rental Market Growth was led by
Increasing Inbound Arrival, Growth of Cab
Aggregators in the Country and Growing Online
Bookings Ken Research
2
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
3
  • 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

4
  • 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

5
  • 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

6
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
7
Related Reports by Ken Research https//www.kenre
search.com/automotive-transportation-and-warehousi
ng/automotive-and-automotive-components/vietnam-ca
r-rental-market/137557-100.html https//www.kenre
search.com/automotive-transportation-and-warehousi
ng/automotive-and-automotive-components/thailand-c
ar-rental-market/137098-100.html https//www.kenr
esearch.com/automotive-transportation-and-warehous
ing/automotive-and-automotive-components/indonesia
-car-rental-market/136319-100.html
8
Contact Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com
91-124-4230204
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