Market Research Reports

Car Rental Market - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

85pages
Published Date: 2014-06-05
 

Description



A car rental company rents out vehicles/automobiles for a specific period of time ranging from a few hours to a few months for an appropriate fee. The service is often organized across various local branches, facilitating customers to return the vehicle in a location of their convenience. In addition, car rental services are often complemented by websites, allowing online reservations and car rental offices are primarily located near airports or busy city areas. Car rental agencies serve people whose cars are temporarily out of service or the ones who do not have access to their vehicles, for example owners of damaged vehicles who are awaiting insurance or repair compensation, or travelers from outside the town. Alongside the basic rental of a vehicle, car rental agencies typically offer extra services, such as GPS navigation systems, insurance and entertainment systems.

This market research study analyzes the car rental market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2019. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

The report segments the market on the basis of geography as North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). In addition, the North American market has been further segmented into the U.S. and the other countries (Canada and Mexico) market. The report also segments the market based on the types of cars, which include luxury cars, executive cars, economy cars, SUV’s and MUV’s. It also segments the market on the basis of category as local usage, airport, outstation, and others (self drive, event transportation, employee transportation solutions). All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).

For better understanding of the car rental market, we have given a detailed analysis of the supply chain. A detailed Porter’s five forces analysis has been given for a better understanding of the intensity of the competition present in the market. Furthermore, the study comprises a market attractiveness analysis, where the geographies are benchmarked based on their market scope, growth rate and general attractiveness.

The report provides company market share analysis of various industry participants. The company profiles are inclusive of the company overview, financial overview, business strategies, SWOT analysis, and recent developments in the field of car rental. Some of the major market participants profiled in this report include Enterprise Rent-A-Car, The Hertz Corporation, Avis Budget Group, Inc., EuropCar and Sixt among others.

Car Rental Market: By geography
  • North America
    • U.S.
    • Others (Canada and Mexico)
  • Europe
  • Asia Pacific
  • Rest of the World
Car Rental Market: By type of car
  • Luxury Cars
  • Executive Cars
  • Economy Cars
  • SUV's
  • MUV's
Car Rental Market: By category
  • Local Usage
  • Airport Transport
  • Outstation
  • Others (self drive, event transportation, employee transportation solutions)

Table of Contents


Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Supply chain analysis
3.3 Market Drivers
      3.3.1 Growth in number of air travelers
      3.3.2 Growth in leisure and business trips across the globe
      3.3.3 Increasing population and internet users
3.4 Market Restraints
      3.4.1 Tightening emission standards and volatility in crude oil prices
3.5 Market opportunities
      3.5.1 Epoch of Electric/Hybrid Vehicles
3.6 Porter’s Five Forces Analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Car rental: Market attractiveness analysis

Chapter 4 Global Car rental Market: By Type of Car
4.1 Car rental market: Type overview
      4.1.1 Global car rental market revenue share, by type of car, 2013 – 2019
4.2 Luxury Cars
      4.2.1 Global luxury cars market, 2013 – 2019, (USD Billion) 
4.3 Executive Cars
      4.3.1 Global executive cars market, 2013 – 2019, (USD Billion) 
4.4 Economy Cars
      4.4.1 Global economy cars market, 2013 – 2019, (USD Billion) 
4.5 SUV’s Cars
      4.5.1 Global SUV’s cars market, 2013 – 2019, (USD Billion) 
4.6 MUV’s Cars
      4.6.1 Global MUV’s cars market, 2013 – 2019, (USD Billion) 

Chapter 5 Global Car Rental Market: By Category
5.1 Car rental market: Category overview
      5.1.1 Global car rental market revenue share, by technology, 2012 – 2019
5.2 Local usage
      5.2.1 Local usage market, 2013 – 2019, (USD Billion) 
5.3 Airport Transport
      5.3.1 Airport transport market, 2013 – 2019, (USD Billion) 
5.4 Outstation
      5.4.1 Outstation market, 2013 – 2019, (USD Billion) 
5.5 Others
      5.5.1 Others segment market, 2013 – 2019, (USD Billion) 

Chapter 6 Competitive Landscape
6.1 Car Rental: Company market share analysis

Chapter 7 Global Car Rental Market –By Region
7.1 Global car rental market: Regional overview
      7.1.1 Global car rental market revenue share, by geography, 2013 and 2019
7.2 North America
               7.2.1.1 North America Car Rental market, 2013 – 2019, (USD Billion) 
               7.2.1.2 North America Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
               7.2.1.3 North America Car Rental market, by category, 2013 – 2019, (USD Billion) 
      7.2.2 U.S. 
               7.2.2.1 U.S. Car Rental market, 2013 – 2019, (USD Billion) 
               7.2.2.2 U.S. Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
               7.2.2.3 U.S. Car Rental market, by category, 2013 – 2019, (USD Billion) 
      7.2.3 Others
               7.2.3.1 Others Car Rental market, 2013 – 2019, (USD Billion) 
               7.2.3.2 Others Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
               7.2.3.3 Others Car Rental market, by category, 2013 – 2019, (USD Billion) 
7.3 Europe
      7.3.1 Europe Car Rental market, 2013 – 2019, (USD Billion) 
      7.3.2 Europe Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
      7.3.3 Europe Car Rental market, by category, 2013 – 2019, (USD Billion) 
7.4 Asia Pacific (APAC) 
      7.4.1 Asia Pacific Car Rental market, 2013 – 2019, (USD Billion) 
      7.4.2 Asia Pacific Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
      7.4.3 Asia Pacific Car Rental market, by category, 2013 – 2019, (USD Billion) 
7.5 Rest of the World (RoW) 
      7.5.1 Rest of the World Car Rental market, 2013 – 2019, (USD Billion) 
      7.5.2 Rest of the World Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
      7.5.3 Rest of the World Car Rental market, by category, 2013 – 2019, (USD Billion) 

Chapter 8 Company Profiles
8.1 Avis Budget Group, Inc. 
      8.1.1 Company overview
      8.1.2 Financial overview
      8.1.3 Business strategy
      8.1.4 SWOT analysis
      8.1.5 Recent developments
8.2 Sixt Rent A Car
      8.2.1 Company overview
      8.2.2 Financial overview
      8.2.3 Business strategy
      8.2.4 SWOT analysis
      8.2.5 Recent developments
8.3 Enterprise Rent-A-Car
      8.3.1 Company overview
      8.3.2 Financial overview
      8.3.3 Business strategy
      8.3.4 SWOT analysis
      8.3.5 Recent developments
8.4 The Hertz Corporation
      8.4.1 Company overview
      8.4.2 Financial overview
      8.4.3 Business strategy
      8.4.4 SWOT analysis
      8.4.5 Recent developments
8.5 EuropCar
      8.5.1 Company overview
      8.5.2 Financial overview
      8.5.3 Business strategy
      8.5.4 SWOT analysis
      8.5.5 Recent developments
8.6 Al-Futtaim Group
      8.6.1 Company overview
      8.6.2 Financial overview
      8.6.3 Business strategy
      8.6.4 SWOT analysis
      8.6.5 Recent developments
8.7 Carzonrent
      8.7.1 Company overview
      8.7.2 Financial overview
      8.7.3 Business strategy
      8.7.4 SWOT analysis
      8.7.5 Recent developments
8.8 Localiza Rent A Car
      8.8.1 Company overview
      8.8.2 Financial overview
      8.8.3 Business strategy
      8.8.4 SWOT analysis
      8.8.5 Recent developments
8.9 Eco Rent A Car
      8.9.1 Company overview
      8.9.2 Financial overview
      8.9.3 Business strategy
      8.9.4 SWOT analysis
      8.9.5 Recent developments

List of Figures

FIG. 1 Supply chain analysis of car rental
FIG. 2 Annual international air passenger growth, 2011-2013 (RPK) 
FIG. 3 Global population and internet users, 2000-2020
FIG. 4 Global carbon dioxide emissions, 2000-2030, (Billion metric tons) 
FIG. 5 Global crude oil price volatility, 2008-2012, (USD per barrel) 
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 Market attractiveness analysis of car rental market, by geography, 2013
FIG. 8 Global car rental market revenue share, by type of car, 2013 – 2019
FIG. 9 Global luxury cars market, 2013 – 2019, (USD Billion) 
FIG. 10 Global executive cars market, 2013 – 2019, (USD Billion) 
FIG. 11 Global economy cars market, 2013 – 2019, (USD Billion) 
FIG. 12 Global SUV’s cars market, 2013 – 2019, (USD Billion) 
FIG. 13 Global MUV’s cars market, 2013 – 2019, (USD Billion) 
FIG. 14 Global car rental market revenue share, by technology, 2012 and 2019
FIG. 15 Global local usage segment market, 2013 – 2019, (USD Billion) 
FIG. 16 Global airport transport segment market, 2013 – 2019, (USD Billion) 
FIG. 17 Global outstation segment market, 2013 – 2019, (USD Billion) 
FIG. 18 Global others segment market, 2013 – 2019, (USD Billion) 
FIG. 19 Car Rental: Company market share analysis, 2013 (%)
FIG. 20 Global car rental market revenue share, by geography, 2013 and 2019
FIG. 21 North America Car Rental market, 2013 – 2019, (USD Billion) 
FIG. 22 U.S. Car Rental market, 2013 – 2019, (USD Billion) 
FIG. 23 Others Car Rental market, 2013 – 2019, (USD Billion) 
FIG. 24 Europe Car Rental market, 2013 – 2019, (USD Billion) 
FIG. 25 Asia Pacific Car Rental market, 2013 – 2019, (USD Billion) 
FIG. 26 Rest of the World Car Rental market, 2013 – 2019, (USD Billion) 
FIG. 27 Avis Budget Group annual revenue, 2011-2013 (USD Billion) 
FIG. 28 Sixt annual revenue, 2011-2013 (USD Million) 
FIG. 29 Enterprise Holdings annual revenue, 2011-2013 (USD Billion) 
FIG. 30 The Hertz Corporation annual revenue, 2011-2013 (USD Million) 
FIG. 31 EuropCar annual revenue, 2010-2012, (USD Billion) 
FIG. 32 Localiza-rent-A-Car annual revenue, 2011-2013 (USD Billion)

List of Tables

TABLE 1 Snapshot: Global Car Rental Market
TABLE 2 Drivers for the car rental market: Impact analysis
TABLE 3 Air Traffic Forecast
TABLE 4 Restraints for the global car rental market: Impact analysis
TABLE 5 Electric car sales, 2013
TABLE 6 North America Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
TABLE 7 North America Car Rental market, by category, 2013 – 2019, (USD Billion) 
TABLE 8 U.S. Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
TABLE 9 U.S. Car Rental market, by category, 2013 – 2019, (USD Billion) 
TABLE 10 Others Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
TABLE 11 Others Car Rental market, by category, 2013 – 2019, (USD Billion) 
TABLE 12 Europe Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
TABLE 13 Europe Car Rental market, by category, 2013 – 2019, (USD Billion) 
TABLE 14 Asia Pacific Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
TABLE 15 Asia Pacific Car Rental market, by category, 2013 – 2019, (USD Billion) 
TABLE 16 Rest of the World Car Rental market, by type of car, 2013 – 2019, (USD Billion) 
TABLE 17 Rest of the World Car Rental market, by category, 2013 – 2019, (USD Billion) 

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Free Market Analysis


Global car rental market was valued at USD 36.89 billion in 2013, growing at a CAGR of 13.6% from 2014 to 2019. A car rental company rents out vehicles/automobiles for a specific period of time ranging from a few hours to a few months for an appropriate fee. The service is often organized across various local branches, facilitating customers to return the vehicle in a location of their convenience. In addition, car rental services are often complemented by websites, allowing online reservations and car rental offices are primarily located near airports or busy city areas. Car rental agencies serve people whose cars are temporarily out of service or the ones who do not have access to their vehicles, for example owners of damaged vehicles who are awaiting insurance or repair compensation, or travelers from outside the town. Alongside the basic rental of a vehicle, car rental agencies typically offer extra services, such as GPS navigation systems, insurance and entertainment systems.

The global car rental market is segmented by region into North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). Increasing GDP levels, increasing volumes of both inbound and domestic tourists coupled with rise in disposable incomes and improving road infrastructure are factors driving the car rental industry. The emerging business class in India and China along with the green revolution in the automobile industry is further driving the car rental market. However, the volatility in petroleum product prices, along with high gasoline price, is expected to affect both consumers spending levels and economic conditions across the globe, thereby leaving a moderate impact on the global car rental industry.

Geographically, North America led the global car rental market in 2013 and the region is expected to continue its dominance in 2019. The car rental market in North America is highly concentrated by players, such as Enterprise, Hertz, Avis Budget Group and other regional and local companies, which have substantial presence at various airports across the U.S. and Canada. Europe and Asia-Pacific followed North America in the global car rental market to collectively account for almost half of the global market revenue share.

The car rental industry is segmented on the basis of types of cars into luxury cars, executive cars, economy cars, SUV’s and MUV’s. Among all, economy cars is the most popular and widely-used segment and most companies prefer the usage of economy cars, owing to their cost effectiveness. However, executive cars and luxury cars are widely used for corporate and leisure purposes. MUV’s are expected to grow at the highest growth rate in comparison to other types of cars, owing to the rising popularity of car pooling and car sharing services.

The car rental market is further segmented by categories into local usage, airport transport, outstation and others. The global car rental market is majorly dominated by airport transport, as it provides flexibility, fast service and comfort to the customers. Almost all the major companies have their offices at airports along with designated parking places. Airport transport segment dominated the global car rental market in 2013 accounting for almost half of the global market revenue share. Outstation and others segments accounted for over one-third of the global car rental market revenue share in 2013.

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