IRVING, Texas, April 26, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the global car rental industry is expected to reach an estimated $99.6 billion by 2022 and it is forecast to grow at a CAGR of 5.5% from 2017 to 2022.
Browse 84 market data tables and 73 figures spread through 154 pages and in-depth TOC on "Global Car Rental Market 2017- 2022"
North America is expected to remain the largest region due to high quality road infrastructure and limited railways.
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Emerging trends, which have a direct impact on the dynamics of the industry, include enhanced user experience through digitization, additional green vehicles in the fleets of rental car companies, introduction of autonomous vehicles, enhanced technologies in car rental services, and the concept of self-driving instead of hiring a driver. Enterprise Rent-A-Car, Hertz Global Holdings, Inc., Avis Budget Group Inc., Europcar Groupe S.A., and Sixt AG are the major car rental service providers in the global car rental industry.
The study includes a forecast for the global car rental industry by location, customer, vehicle, mode of booking, and region as follows:
By location ($ Billion from 2011 to 2022)
By customer ($ Billion from 2011 to 2022)
By vehicle ($ Billion from 2011 to 2022)
- Luxury Cars
- Executive Cars
- Economy Cars
- Sports Utility Vehicles
- Multi Utility Vehicles
By Mode of Booking ($ Billion from 2011 to 2022)
By region ($ Billion from 2011 to 2022)
- North America
- United Kingdom
- Asia Pacific
- Hong Kong
- South Korea
- The Rest of the World
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com
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