US Car Rental Market: Industry Analysis & Outlook (2017-2021) Insights, Development, Research and Forecast

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Car rental is a service in which cars are provided on rent to people who do not have access to their own cars, so that they can gain access to a car especially while travelling or during repair. Car rental companies rent automobiles for a short time span, ranging from few hours to few weeks. It assists people with temporary vehicle needs, who do not have their own vehicles or want to travel out-of-town or have damaged vehicle or waiting for fix/insurance compensation. These agencies also offer additional products like insurance, GPS navigation systems, music systems, Wi-Fi and child safety seats.

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The conditions for renting rental cars in the U.S. differ from company to company. Customer can rent a car online by visiting their website online, selecting a car they want on rent, selecting destination of pick up and drop off. An online payment facility is also provided to the customers.

The U.S. car rental market is highly consolidated where the top three players accounted for majority of the of the market share. Also, the consolidation may increase in coming years as large firms acquire local firms to expand their portfolio of premium and value brands.

The key factors driving growth of car rental market in the U.S. includes increasing travel expenditure, increasing tourist visits, growing urban population, rising internet penetration, rising population of HNWIs, growing economy, increasing air traffic, rising disposable income and increasing trend of leisure travel. The key trends and development of this market includes introduction of new technologies and increasing autonomous cars in the U.S. However, there are some factors that hinder growth of this market including high number of off-lease vehicles, growth of ride sharing market, over fleeting and heavy capital requirement in the market.

The report “U.S. Car Rental Market: Industry Analysis & Outlook (2017-2021)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering U.S. market along with the global market. The report profiles the key players of the market including Enterprise Holdings, Hertz Global Holding and Avis Budget Group.

Table of Content

1. Market Overview
1.1 Car Rental
1.2 Car Rental Business Model
1.3 Car Rental Conditions
1.4 Car Rental Insurance
1.5 Car Rental Revenue and Cost Structure

2. Global Car Rental Market
2.1 Global Car Rental Market by Value
2.2 Global Car Rental Market Forecast by Value
2.3 Global Car Rental Market by Region
2.4 Global Car Rental Market by Customer
2.5 Global Car Rental Rates

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3. U.S. Car Rental Market
3.1 U.S. Car Rental Market by Value
3.2 U.S. Car Rental Market Forecast by Value
3.3 U.S. Car Rental Market by Segment
3.3.1 U.S. On Airport Car Rental Market by Value
3.3.2 U.S. On Airport Car Rental Market Value Forecast
3.3.3 U.S. Off Airport Car Rental Market by Value
3.3.4 U.S. Off Airport Car Rental Market Value Forecast
3.4 U.S. Car Rental Market by Volume
3.5 U.S. Car Rental Market Volume Forecast
3.6 U.S. Car Rental Revenue Per Unit (RPU)
3.7 New Vehicles Added in the U.S. Rental Fleet

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Travel Expenditure
4.1.2 Increasing Tourist Visits In the U.S.
4.1.3 Growing Urban Population
4.1.4 Increasing Internet penetration
4.1.5 Strong Economic Growth
4.1.6 Rising Population of HNWIs
4.1.7 Increasing Air Passengers Traffic
4.1.8 Rising Lodging Demand
4.1.9 Increasing Person Trip Volume
4.2 Key Trends & Developments
4.2.1 Increase in Autonomous Cars
4.2.2 New Technologies/Mobile Based Applications
4.3 Challenges
4.3.1 Increasing Number of Off-Lease Vehicles
4.3.2 Growth of Car Sharing Market
4.3.3 Heavy Capital Requirement
4.3.4 Over Fleeting

5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue and Market Cap Comparison
5.1.2 Global Car Rental Market Share by Company
5.2 The U.S. Market
5.2.1 U.S. Car Rental Market Share by Company
5.2.2 U.S. Car Rental Market Share by Company
5.2.3 U.S. Non-Franchise Locations by Company
5.2.4 U.S. Annual Revenue Per Vehicle Comparison by Company
5.2.5 U.S. Cars in Service Comparison by Company
5.2.6 U.S. Fleet Cost Per Unit Comparison by Company
5.2.7 U.S. Rental Cars Revenue Per Day Comparison by Company

Continue...

Car Rental Market In Europe To Grow At A CAGR Of 17.94% During The Period 2017-2021 | Avis Budget, Europcar, Hertz, Sixt

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Car rental services operate in a network of pick-up/drop-off points and offer a range of vehicles. The vehicles are owned by an organization or firm that rents them to users for short periods of time, based on daily, monthly, or annual plans. Car rental has grown from a basic service provided by popular organizations to a widely recognized component of the urban transport market. It is also swiftly developing into a globalized industry that can provide many transportation, land use, environmental, and social benefits.

Technavios analysts forecast the car rental market in Europe to grow at a CAGR of 17.94% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the car rental mark et in Europe for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Western Europe
Eastern Europe

Car Rental Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Avis Budget
Enterprise
Europcar
Hertz
Sixt

Other prominent vendors
Alphabet
Arval
Hermes
Irish Car Rental
Maggiore

Market driver
Rising consolidation
For a full, detailed list, view our report

Market challenge
Stringent rules for car rental in Europe
For a full, detailed list, view our report

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Market trend
Electric cars in rental industry
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 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?

Global Car Rental Market: Size, Trends & Forecasts (2017-2021) Company Coverage - Enterprise Holdings, Hertz Global Inc., Avis Budget Group Inc., Regional Coverage

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The report entitled Global Car Rental Market: Size, Trends & Forecasts (2017-2021), provides analysis of the global car rental market, with detailed analysis of market size in terms of value and its segments.

The report also includes a detailed regional analysis of the car rental market in regions such as North America, Europe, Asia Pacific (Excluding Japan) and Latin America. Under competitive landscape different players in the global, the US and Europe car rental market have been compared on basis of their market share.

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Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall car rental market has also been forecasted for the years 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Enterprise Holdings, Hertz Global Holdings Inc., and Avis Budget Group Inc. are some of the key players operating in the global car rental market whose company profiling is done in the report. In this segment of the report, business overview, financial overview and the business strategies of the companies are provided.

Company Coverage

Enterprise Holdings
Hertz Global Inc.
Avis Budget Group Inc.
Regional Coverage

North America
Europe
Asia Pacific
Latin America

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Executive Summary

A car rental also known as a hire car, or car hire agency is a company that provides car rental services for shorter durations of time to customers for different purposes, such as outstation visits, sightseeing as well as business trips for corporates, etc. They are mainly located near airports or busy urban localities where the demand for car rental services in generally high.

The global car rental market can be divided on the basis of location, customer, vehicle type and mode of booking. On the basis of location, the market can be divided into off airport and on airport. On the basis of customer, the market can be divided into business, leisure and other activities. Luxury cars, executive cars, SUV and MUV are the sub segments under vehicle type. On the other hand, on the basis of customer booking the market can be divided into offline and online modes.

The global car rental market is expected to increase at high growth rates during the forecast period (2017-2021). The global car rental market is supported by various factors such as spike in air travel, increase in hotel occupancy rates and upsurge in disposable income.

Increase in the number of off lease vehicles, over fleeting in the US car rental market and high competition from car share providers are some of the challenges faced by the market. However, evolution of telematics solutions, introduction of autonomous cars and partnership of car rentals with app based cab companies are some of the latest trends in the market.

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Global Car Rental Market Key Trends, Size, Growth, Shares And Forecast Research Report 2021

Researchmoz added Most up-to-date research on "Global Car Rental Market Research Report 2021" to its huge collection of research reports.

This report studies Car Rental in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with sales, price, revenue and market share for each manufacturer, covering
Alamo Rent-A-Car
Avis Rent A Car
Enterprise Rent-A-Car
Hertz
Thrifty Car Rental
Advantage Rent A Car
Budget
Carzonrent
Dalaman Hermes Rent a Car
Dollar Rent-A-Car
Eco Rent-A-Car
Europcar
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
Sixt
Trust Car Rental
Trust Middle East Car Rental
Market Segment by Regions, this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Car Rental in these regions, from 2011 to 2021 (forecast), like
North America
China
Europe
Japan
India
Southeast Asia
Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into
Type I
Type II
Type III
Split by application, this report focuses on consumption, market share and growth rate of Car Rental in each application, can be divided into
Application 1
Application 2
Application 3

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Table of Contents

1 Car Rental Overview1.1 Product Overview and Scope of Car Rental
1.2 Car Rental Segment by Types
1.2.1 Global Production Market Share of Car Rental by Type in 2015
1.2.2 Type I Overview and Price
1.2.2.1 Type I Overview
1.2.2.2 Type I Price List in 2015 and 2016
1.2.3 Type II
1.2.3.1 Type I Overview
1.2.3.2 Type I Price List in 2015 and 2016
1.2.4 Type III
1.2.4.1 Type I Overview
1.2.4.2 Type I Price List in 2015 and 2016
1.3 Car Rental Segment by Application
1.3.1 Car Rental Consumption Market Share by Application in 2015
1.3.2 Application 1 and Major Clients (Buyers) List
1.3.3 Application 2 and Major Clients (Buyers) List
1.3.4 Application 3 and Major Clients (Buyers) List
1.4 Car Rental Market by Region
1.4.1 North America Status and Prospect (2011-2021)
1.4.2 China Status and Prospect (2011-2021)
1.4.3 Europe Status and Prospect (2011-2021)
1.4.4 Japan Status and Prospect (2011-2021)
1.4.5 India Status and Prospect (2011-2021)
1.4.6 Southeast Asia Status and Prospect (2011-2021)
1.5 Global Market Size (Value and Volume) of Car Rental (2011-2021)
1.5.1 Global Car Rental Sales and Revenue (2011-2021)
1.5.2 Global Car Rental Sales and Growth Rate (2011-2021)
1.5.3 Global Car Rental Revenue and Growth Rate (2011-2021)

2 Global Car Rental Market Competition by Manufacturers
2.1 Global Car Rental Production and Share by Manufacturers (2015 and 2016)
2.2 Global Car Rental Revenue and Share by Manufacturers (2015 and 2016)
2.3 Global Car Rental Average Price by Manufacturers (2015 and 2016)
2.4 Manufacturers Car Rental Manufacturing Base Distribution and Product Type
2.5 Competitive Situation and Trends
2.5.1 Expansions
2.5.2 New Product Launches
2.5.3 Acquisitions
2.5.4 Other Developments

3 Global Car Rental Analysis by Region
3.1 Global Car Rental Production, Revenue and Market Share by Region (2011-2021)
3.1.1 Global Car Rental Production Market Share by Region (2011-2021)
3.1.2 Global Car Rental Revenue Market Share by Region (2011-2021)
3.2 Global Car Rental Consumption by Region (2011-2021)
3.3 North America
3.3.1 North America Car Rental Production, Revenue and Price (2011-2021)
3.3.2 North America Car Rental Production, Revenue and Growth Rate (2011-2021)
3.4 Europe
3.4.1 Europe Car Rental Production, Revenue and Price (2011-2021)
3.4.2 Europe Car Rental Production, Revenue and Growth Rate (2011-2021)
3.5 China
3.5.1 China Car Rental Production, Revenue and Price (2011-2021)
3.5.2 China Car Rental Production, Revenue and Growth Rate (2011-2021)
3.6 Japan
3.6.1 Japan Car Rental Production, Revenue and Price (2011-2021)
3.6.2 Japan Car Rental Production, Revenue and Growth Rate (2011-2021)
3.7 India
3.7.1 India Car Rental Production, Revenue and Price (2011-2021)
3.7.2 India Car Rental Production, Revenue and Growth Rate (2011-2021)
3.8 Southeast Asia
3.8.1 Southeast Asia Car Rental Production, Revenue and Price (2011-2021)
3.8.2 Southeast Asia Car Rental Production, Revenue and Growth Rate (2011-2021)

4 Global Car Rental Analysis by Type
4.1 Global Car Rental Production, Revenue, Market Share and Growth Rate by Type (2011-2021)
4.1.1 Global Car Rental Production and Market Share by Type (2011-2021)
4.1.2 Global Car Rental Revenue, Market Share and Growth Rate by Type (2011-2021)
4.2 Type I Production, Revenue, Price and Growth (2011-2021)
4.3 Type II Production, Revenue, Price and Growth (2011-2021)
4.4 Type III Production, Revenue, Price and Growth (2011-2021)

5 Global Car Rental Market Analysis by Application
5.1 Global Car Rental Consumption and Market Share by Application (2011-2021)
5.2 Major Regions Car Rental Consumption by Application in 2015 and 2016
5.2.1 North America Car Rental Consumption by Application
5.2.2 Europe Car Rental Consumption by Application
5.2.3 China Car Rental Consumption by Application
5.2.4 Japan Car Rental Consumption by Application
5.2.5 India Car Rental Consumption by Application
5.2.6 Southeast Asia Car Rental Consumption by Application
5.3 Global Car Rental Consumption Growth Rate by Application (2011-2021)
5.4 Market Drivers and Opportunities
5.4.1 Potential Applications
5.4.2 Emerging Markets/Countries

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