Car Rental in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Korea car rental market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is mainly made up car rentals for business and leisure purposes. Other includes insurance rentals and replacements. Market volumes represent the size of the rental car fleet within the respective countries. Any currency conversions used in the creation of this report were calculated using constant 2015 annual average exchange rates.
The South Korean car rental industry is expected to generate total revenues of $4,490.1m in 2016, representing a compound annual growth rate (CAGR) of 5.9% between 2012 and 2016.
One of the industry players, AJ, have seen such success that they have decided to expand into the US in 2016 and is the first South Korean car rental company to do so.
Industry consumption volume is forecast to increase with a CAGR of 7.2% between 2012-2016, to reach a total of 429.4 thousand fleet size in 2016.
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What was the size of the South Korea car rental market by value in 2016?
What will be the size of the South Korea car rental market in 2021?
What factors are affecting the strength of competition in the South Korea car rental market?
How has the market performed over the last five years?
What are the main segments that make up South Korea's car rental market?