DUBLIN, September 1, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Car Rental Market 2016-2020" report to their offering.
This report forecasts the global car rental market to grow at a CAGR of 16.07% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Rise in tourism will be a key trend for market growth. The tourism industry has been growing over the past few decades. International tourist arrivals increased by around 4.5% and reached a total of 1.2 billion in 2015. Modern tourism is related to growth and more new destinations are being developed and promoted in many countries.
This has made tourism a major driver of socio-economic progress globally. Travel and tourism contributed around $8 trillion to the global economy in 2014. Major contributors to the business travel market are the US and China. Chinese business travel increased by around 14% in 2015. Moreover, the revenue generated by business tourism has almost surpassed that generated by the automobile sector. The global reach of the tourism industry across nations has led to economic benefits for car rental companies.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Avis Budget
- Enterprise Holding
- Advantage Rent a Car
- Hermes Rent a Car
- Dollar Thrifty Automotive
- Eco Rent-A-Car
- E-Z Rent-A-Car
- Fox Rent-A-Car
- Irish Car Rental
- Island Car Rental¸ Midway Car Rental
- Movida Rent A Car
- National Car Rental
- Payless Car Rental
- Trust Middle East Car Rental
- Value Car Rental
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by vehicle type
PART 07: Market segmentation by rental category
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/bkgdxw/global_car_rental
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets