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Self-drive Car Rental Market in Emerging Countries 2016-2020

Self-drive Car Rental Market in Emerging Countries 2016-2020

About Self-Drive Car Rental

The self-drive car rental market in the emerging countries is mainly driven by factors such as government restrictions regarding private car ownerships and increased access to technological advancements like the internet and smartphones. The ownership of private vehicles has increased considerably in the urban areas and large cities of the emerging nations, leading to environmental pollution and traffic congestion. In China, policymakers in large cities have adopted their unique solutions to address the problem. One such example is the car ownership control policy. The policy imposes a direct restriction on the number of registered private car ownership. This has been successful in controlling the proliferation of car ownership, reducing the number of cars on the road.

Technavio’s analysts forecast the self-drive car rental market in emerging countries to grow at a CAGR of 22.30% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the self-drive car rental market in emerging countries for 2016-2020. To calculate the market size, the report considers the the total number of fleet size, total number of rides per rental car in a year, and the average revenue of the rental companies operating in their respective regions.

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

  • China
  • India
  • Brazil
Technavio's report, Self-Drive Car Rental Market in Emerging Countries 2016-2020, 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
  • Zoomcar
  • Avis
  • Hertz
  • CAR
  • Localiza
Other prominent vendors
  • Myles
  • Let Me Drive
  • Car Club
  • Eco Rent a Car
Market driver
  • Government regulations for fossil-fuel powered cars in China
  • For a full, detailed list, view our report
Market challenge
  • Rise in on-demand taxi operators
  • For a full, detailed list, view our report
Market trend
  • Renting utilitarian items through e-commerce
  • For a full, detailed list, view our report
Key questions answered in this report
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Self-Drive Car Rental Market in Emerging Countries 2016-2020

Technavio recognizes the following companies as the key players in the self-drive car rental market in the emerging countries: Zoomcar, Avis, Hertz, CAR, and Localiza.

Other Prominent Vendors in the market are: Myles, Let Me Drive, Car Club, and Eco Rent a Car.

Commenting on the report, an analyst from Technavio’s team said: “OEMs like General Motors and Ford are racing to create their own fleet of self-driving cars. However, to understand the basic groundwork of the car rental market, OEMs are entering partnerships with the self-drive car rental companies and managing their fleet. This places the OEMs at a strategical position where they get to experience and understand the issues and opportunities regarding ferrying people from location to location and road specific conditions and obstacles faced by the drivers.”

According to the report, government regulations for fossil-fuel powered cars is likely to drive demand in this market. The self-drive car rental market in China currently consists of 63.94% of the total market in the emerging countries. Changes occurring in the Chinese self-drive car rental market would have a significant effect on the total self-drive car rental market. China has been plagued by the rising pollution levels and heavy congestion on its roads. The country has been implementing various regulations to limit the number of private cars on the roads to reduce congestion and limit pollution.

Further, the report states that In China and India, many people depend on public transportation for commuting. Transportation for about 203 million licensed people who do not own cars in China depends on public transportation or car rentals. However, the number of people opting for on-demand taxi operators are increasing due to government restrictions regarding owning a private car, lack of parking space for a self-drive rental car, and aggressive discount offers given by the on-demand taxi operators to capture more customers.

Companies Mentioned

Zoomcar, Avis, Hertz, CAR, Localiza, Myles, Let Me Drive, Car Club, Eco Rent a Car.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of self-drive car rental market in emerging countries
      • Table Self-drive car rental market in emerging countries 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by body type
    • Segmentation of self-drive car rental market in emerging countries
      • Table Segmentation based on body type
      • Table Self-drive car rental market in emerging countries by body type 2015-2020 ($ billions)
      • Table Segmentation of self-drive car rental market in emerging countries by body type 2015-2020 (% share)
    • Self-drive car rental market in emerging countries in hatchback segment
      • Table Self-drive car rental market in emerging countries in hatchback segment 2015-2020 ($ billions)
    • Self-drive car rental market in SUV segment
      • Table Self-drive car rental market in SUV segment 2015-2020 ($ billions)
    • Self-drive car rental market in sedan segment
      • Table Self-drive car rental market in sedan segment 2015-2020 ($ billions)
  • Geographical segmentation
    • Geographical segmentation of self-drive car rental market
      • Table Geographical segmentation of self-drive car rental market in emerging countries 2015 (% share)
      • Table Self-drive car rental market by geography 2015-2020 ($ billions)
    • Self-drive car rental market in China
      • Table Self-drive car rental market in China 2015-2020 ($ billions)
    • Self-drive car rental market in Brazil
      • Table Self-drive car rental market in Brazil 2015-2020 ($ billions)
    • Self-drive car rental market in India
      • Table Self-drive car rental market in India 2015-2020 ($ billions)
  • Key leading country
    • Key leading countries
      • Table Key leading countries in self-drive car rental market
  • Market drivers
    • Government regulations for fossil-fuel powered cars
    • Commuter and driver-friendly ride deals
    • Increase in road-trip tourism
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Rise in on-demand taxi operators
    • Government regulations against foreigners driving rental cars in China
    • Rise in number of car-sharing services
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Renting utilitarian items through e-commerce
    • Growing collaboration between OEMs and car rental companies
    • Growing dependence on technology to increase customer base
  • Vendor landscape
    • Competitive scenario
    • Prominent vendors
  • Key vendor analysis
    • Zoomcar
      • Table Zoomcar product portfolio
    • Avis
      • Table Avis product portfolio
    • Hertz
      • Table Hertz product portfolio
    • CAR
      • Table CAR service segments
      • Table Customer preference in booking rental services 2016 (%)
    • Localiza
      • Table Localiza service segments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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