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US Car Rental Market: Industry Analysis & Outlook (2017-2021)

US Car Rental Market: Industry Analysis & Outlook (2017-2021)

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.

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.


1. Market Overview
1.1 Car Rental
1.2 Car Rental Business Model
Table 1: Risk vs. Program Cars
1.3 Car Rental Conditions
1.4 Car Rental Insurance
1.5 Car Rental Revenue and Cost Structure
Table 2: Fleet Management Cost Structure
Table 3: Fleet Management Cost Component
2. Global Car Rental Market
2.1 Global Car Rental Market by Value
Table 4: Global Car Rental Market by Value (2012-2016)
2.2 Global Car Rental Market Forecast by Value
Table 5: Global Car Rental Market Forecast by Value (2017-2021)
2.3 Global Car Rental Market by Region
Table 6: Global Car Rental Market by Region (2016)
2.4 Global Car Rental Market by Customer
Table 7: Global Car Rental Market by Customer (2016)
2.5 Global Car Rental Rates
Table 8: Global Average Car Rental Rates (2012-2016)
3. U.S. Car Rental Market
3.1 U.S. Car Rental Market by Value
Table 9: U.S. Car Rental Market by Value (2012-2016)
3.2 U.S. Car Rental Market Forecast by Value
Table 10: U.S. Car Rental Market Forecast by Value (2017-2021)
3.3 U.S. Car Rental Market by Segment
Table 11: U.S. Car Rental Market by Segment (2016)
3.3.1 U.S. On Airport Car Rental Market by Value
Table 12: U.S. On Airport Car Rental Market by Value (2012-2016)
3.3.2 U.S. On Airport Car Rental Market Value Forecast
Table 13: U.S. On Airport Car Rental Market Value Forecast (2017-2021)
3.3.3 U.S. Off Airport Car Rental Market by Value
Table 14: U.S. Off Airport Car Rental Market by Value (2012-2016)
3.3.4 U.S. Off Airport Car Rental Market Value Forecast
Table 15: U.S. Off Airport Car Rental Market Value Forecast (2017-2021)
3.4 U.S. Car Rental Market by Volume
Table 16: U.S. Car Rental Market by Volume (2012-2016)
3.5 U.S. Car Rental Market Volume Forecast
Table 17: U.S. Car Rental Market Volume Forecast (2017-2021)
3.6 U.S. Car Rental Revenue Per Unit (RPU)
Table 18: U.S. Car Rental Revenue Per Unit (RPU) (2012-2016)
3.7 New Vehicles Added in the U.S. Rental Fleet
Table 19: New Vehicles Added in the U.S. Rental Fleet (2012-2016)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Travel Expenditure
Table 20: The U.S. Travel Expenditure (2012-2016)
4.1.2 Increasing Tourist Visits In the U.S.
Table 21: International Arrivals in the U.S. (2012-2016)
4.1.3 Growing Urban Population
Table 22: Urban Population in the U.S. (2012-2016)
4.1.4 Increasing Internet penetration
Table 23: Global Internet Users (2012-2016)
4.1.5 Strong Economic Growth
Table 24: The U.S. GDP (2012-2016)
4.1.6 Rising Population of HNWIs
Table 25: HNWI’s Wealth and Population (2012-2016)
4.1.7 Increasing Air Passengers Traffic
Table 26: The U.S. Air Passengers Traffic (2012-2016)
4.1.8 Rising Lodging Demand
Table 27: The U.S. Hotel Occupancy Rate (2012-2016)
4.1.9 Increasing Person Trip Volume
Table 28: U.S. Person Trip* Volume (2012-2016)
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
Table 29: Off-Lease Vehicle Volume In the U.S. (2012-2016)
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
Table 30: Key Players - Revenue & Market Cap Comparison (2016)
5.1.2 Global Car Rental Market Share by Company
Table 31: Global Car Rental Market Share by Company (2016)
5.2 The U.S. Market
5.2.1 U.S. Car Rental Market Share by Company
Table 32: U.S. Car Rental Market Share by Company (2016)
5.2.2 U.S. Car Rental Market Share by Company
Table 33: U.S. Car Rental Market Share by Company (2012-2016)
5.2.3 U.S. Non-Franchise Locations by Company
Table 34: U.S. Non-Franchise Locations by Company (2016)
5.2.4 U.S. Annual Revenue Per Vehicle Comparison by Company
Table 35: U.S. Annual Revenue Per Vehicle Comparison by Company (2016)
5.2.5 U.S. Cars in Service Comparison by Company
Table 36: U.S. Cars in Service Comparison by Company (2016)
5.2.6 U.S. Fleet Cost Per Unit Comparison by Company
Table 37: U.S. Fleet Cost Per Unit Comparison by Company (2012-2016)
5.2.7 U.S. Rental Cars Revenue Per Day Comparison by Company
Table 38: U.S. Rental Cars Revenue Per Day Comparison by Company (2012-2016)
6. Company Profiles
6.1 Enterprise Holdings
6.1.1 Business Overview
Table 39: Enterprise Holding Revenue by Segment (2016)
6.1.2 Financial Overview
Table 40: Enterprise Holding Revenue and Annual Growth (2012-2016)
6.1.3 Business Strategies
6.2 The Hertz Global Holding Inc.
6.2.1 Business Overview
Table 41: The Hertz Global Holding Inc. Revenue by Segment (2016)
6.2.2 Financial Overview
Table 42: The Hertz Global Holding Inc. Revenue and Net Income (2012-2016)
6.2.3 Business Strategies
6.3 Avis Budget Group
6.3.1 Business Overview
Table 43: Avis Budget Group Revenue by Segment (2016)
6.3.2 Financial Overview
Table 44: Avis Budget Group Revenue and Net Income (2012-2016)
6.3.3 Business Strategies

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