According to the Goldstein Market Intelligence, Car Rental market is expected to expand at a compound annual growth rate (CAGR) of 5.7% over the forecast period 2017-2030.
According to our report, the second largest provider of travel and expense management software in North America, Uber accounted for 43%of US road transportation transactions, overhauling car rental companies for the first time in 2015. The software provider entitlements that rental car transactions have plunged in the last two years as the average Uber or Lyft fare cost is usually much lower
than the average car rental booking.
Advancement in technology has already made a momentous impact on the car rental market as it gives consumers more control over the services and it also play vital role in changing market opportunities. Further, governments in many regions around the world are providing the driving privileges for foreign tourists, making them authorized for driving a vehicle across the country with valid driving license and passports.
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Car Rental Market Segmentation
By Rental Type
- Interstate Services
- Intrastate Services
- Airport Transfers
By Services Type
- Chauffeur Drive
- Special Events
- Car Pool
- Taxi Services
- Luxury Cars
- Executive Cars
- Economy Cars
- Sports Utility Vehicles
- Multi Utility Vehicles
By Mode of Booking
- Online Bookings
- App-based car rental services
- Telephonic car rental services
- Web-Based Car Rental Services
- Offline Bookings
- North America (US, Canada) Car Rental Market
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Car Rental Market
- Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa Car Rental Market
- Latin America (Brazil, Mexico and Rest of Latin America) Car Rental Market
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Car Rental Market
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Covered in this Car Rental Market Report are “Car Rental Market Outlook 2030” by Goldstein Market Intelligence contains detailed overview of Car Rental Market in terms of market segmentation by analysis basis, therapy type and geography. The Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis Car Rental Market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Key Market Players
Hertz Global Holdings Inc.
Avis Budget Group Inc.
Europcar Groupe S.A.
Further, Car Rental Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the Car Rental Market Research also comprises of key challenges, risk analysis, BPS analysis, SWOT Analysis and Market Attractiveness. The report also highlights the expert analysis to provide a complete overview of the market including the PESTLE analysis of each region and country.
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