DUBLIN, March 4, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/qvb6wz/the_global_car) has announced the addition of the "The Global Car Rental Industry 2016-2021: Trends, Forecast and Opportunity Analysis 2016" report to their offering.
The global car rental industry is forecast to grow at a CAGR of 5.6% from 2016 to 2021
The major drivers of growth for this market are rising global tourism industry, increasing globalization of corporate operations, and increasing income levels across the globe.
In this industry, car rental location (On-Airport and Off Airport), customer type, vehicle type, and mode of booking (Online and offline) are some of the major segments of car rental market. On the basis of its comprehensive research, the author forecasts that the location and mode of booking segments are expected to show above average growth during the forecast period.
Within the global car rental industry, On-Airport and Off-Airport segment is expected to remain as the largest segment. Increase in air travel and domestic tourism is expected to increase the customers in airport locations, which would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to rapid urbanization and increased expenditure on traveling by domestic tourists. North America and Rest of the World are expected to witness significant growth over the forecast period because of improving economy, increasing domestic as well international tourists, and high quality road infrastructure.
Emerging trends, which have a direct impact on the dynamics of the industry, include enhanced user experience through digitization, introduction of green vehicles in car fleet, enhanced technologies in car rental service, and concept of self-drive instead of hiring driver. Enterprise Rent-A-Car, Hertz Global Holdings, Inc., Avis Budget Group Inc., Europcar Groupe S.A., and Sixt AG are the major car rental service providers in the global car rental industry. Some companies are opting for merger & acquisition as strategic initiatives for driving growth.
Key Topics Covered:
1. Executive Summary
2. The Car Rental Industry Background and Classifications
3. Industry Trends and Forecast Analysis
4. Competitor's Analysis
5. Growth Opportunity & Strategic Analysis
6. Company Profiles of Leading Players
- Avis Budget Group Inc. - Enterprise Rent-A-Car - Europcar Groupe S.A. - Hertz Global Holdings Inc. - Sixt AG
For more information visit http://www.researchandmarkets.com/research/qvb6wz/the_global_car
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SOURCE Research and Markets