Growth Opportunities in the Global Car Rental Industry
The future of the global car rental industry looks good with opportunities in the off- airport and onairportmarket segment. The global car rental industry is expected to reach an estimated $99.6billion by 2022 and it is forecast to grow at a CAGR of 5.5% from 2017 to 2022. The major driversof growth for this market are increase in international air travelers and increase in the volume ofdomestic tourists.
In this market, on-airport and off- airport are some of the major segment of car rental by locationtype. On the basis of our comprehensive research, Lucintel forecasts that on-airport segmentexpected to show above average growth during the forecast period.
Within the global car rental industry, the leisure customer segment is expected to remain the largestmarket. With a rise in air travel and domestic tourism, and recovery in the GDP level, the numberof the leisure customers in is expected to increase, which will spur growth for this segment over theforecast period.
North America is expected to remain the largest region due to high quality road infrastructure andlimited railways. Increasing investment opportunities in different industries, gains in per capitadisposable income, and increasing corporate travel will drive car rental demand in North America.
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Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global car rental industry in terms ofvalue ($B) shipment
Trend and forecast analysis: Global car rental industry trend (2011-2016) and forecast(2017-2022) by region and segment
Segmentation analysis: Global car rental industry size from 2011 to 2022 by locationtype, customer type, vehicle type, mode of booking type and region type as follows:
Global car rental industry size by location type: