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mjy610@ Global Car Rental Industry 2018 Industry Analysis, Top Players Joe Panik Jersey , Revenue and Market Share Report
by Infinium · January 15, 2019

We have produced a new premium report Car Rental Market. The report covers the analysis of global as well as regional markets of Car Rental. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Car Rental Market by car type (luxury cars, economy cars, suvs and muvs), and category (local usage, airport transport and outstation) and fuel type (gasoline and petrol and diesel) through main geographies in the Global Market such as North America Evan Longoria Jersey , Europe, Asia-Pacific and RoW.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the Car Rental Market during the said period. The report also provides market attractiveness analysis, by geography Brandon Belt Jersey , and market share analysis, by key players respectively. Some of the prominent participants in the Global Car Rental Market are Carzonrent, Al-Futtaim Group, EuropCar, The Hertz Coorporation, sixt Kevin Pillar Jersey , Avis Budget Group, Inc., Enterprise Rent-A-Car, Uber , Enterprise Holding inc. and Al-Futtaim Group.

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North America region to contribute to growth in the global Car Rental market over the upcoming years

North America dominated the car rental market followed by Asia Pacific owing to the consumer preference coupled with the presence of a large number of key operators in the North American regions. Miss. Pooja Baragale a research analyst at Infinium Global Research quoted that growing number of business trips as both domestic and international and the number of air travellers is expected to increase the demand of such services in the North American regions. Pooja Baragale further stated that expansion of leading car rental companies along with technological advancements in the regions such as Asia Pacific is anticipated to nurture demand for car rental services in the upcoming years. Moreover, strengthening the position of the medical tourism industry is augmented to drive the Asia Pacific market for car rentals in the years to come.

Mobile-based applications to promote growth in the Car Rental market over 2018 to 2024

Increase in international tourism coupled with awareness about rental car services is anticipated to be the major factors driving the growth of the car rental market. Additionally Barry Bonds Jersey , the increasing trend of using internet for customizing travel trips and online reservations and bookings are expected to boost the use of technology in the car rental market over the upcoming years. Moreover, leading car rental service providers are offering quality services and promoting their brands at airports and this is helping customers to adopt their services. However, Fluctuation in the crude oil prices and increased operational cost are the factors anticipated to hamper the growth of the car rental market over the forecast period.

On the other hand, Several car companies are using mobile-based applications to communicate the fare, discount coupons, promotional offers Willie Mays Jersey , availability of cars, and real-time tracking details to the consumers.T his in turn are providing several opportunities for the key players in the car rental market. Furthermore, the trouble-free process of online reservations and bookings increases convenience for both the operators and customers, which are anticipated to open doors of opportunity for the industry growth in the upcoming years.

Mergers and Acquisitions to remain key expansion strategies of the leading players in the Car Rental market between 2018-2024

The major players in the car rental market are Avis, Hertz, Sixt and GLobalCARS. These players in the car rental industry are concentrating on providing low-cost car services Wholesale San Francisco Giants Jerseys , particularly for leisure markets. Additionally, Mahindra group’s e-vehicle arm Mahindra Electric has extended its partnership with car rental firm Zoom car. Moreover, Car services provider Avis India has announced the launch of its international transport drive service in the Indian market. On the other hand, Avis has provided its car rental services across 110 countries across EMEA, APAC, USA and Canada for its Indian customers.


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