According to [URL=https://www.goldsteinresearch.com/]Goldstein Research[/URL], Global car rental market is expected to reach USD8.51 billion by the end of 2024, growing at a CAGR of 5.7% over the forecast period, 2016-2024. The growth in travel and tourism industry, internet penetration and government policies in favor of foreigners driving the vehicles, are the major factors driving the growth of car rental market. Global Car rental market segmentation has been done on the basis of rental type, services, vehicles, mode of booking and geography. Online booking segment had taken over the market share with 70% in 2016. Offline mode of booking is expected to decline by 15% over the forecast period. Global Car rental market is dominated by North America with 40% revenue share in 2016. Asia-Pacific region observes the growing travel and tourism sector, thus accounts for high opportunities for growth of car rental services.Browse Full Report: [URL]https://www.goldsteinresearch.com/report/global-car-rental-market-share[/URL]
Market Segmentation
On the basis of our in-depth analysis, Global Car Rental Market can be segmented as follows:
• By Rental Type
o Interstate Services
o Intrastate Services
o Airport Transfers
• By Services Type
o Chauffeur Drive
o Special Events
o Self-Driving
o Car Pool
o Taxi Services
• By Vehicles
o Luxury Cars
o Executive Cars
o Economy Cars
o Sports Utility Vehicles
o Multi Utility Vehicles
• By Mode of Booking
o Online Bookings
o App-based car rental services
o Telephonic car rental services
o Web-Based Car Rental Services
o Offline Bookings
• On the basis of region
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
“Global Car Rental Industry Analysis” contains detailed overview of the [URL=https://www.goldsteinresearch.com/report/global-car-rental-market-share]global car rental market[/URL]. Further, for the in-depth analysis, Global Car Rental Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This [URL=https://www.goldsteinresearch.com/]industry analysis report[/URL] also includes competitive outlook of some of the major players profiling of companies such asRent-A-Car, Hertz Global Holdings, Inc.,etc. The company profiles include business strategy, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the GlobalCar rental market trends along with [URL=https://www.goldsteinresearch.com/industries/automotive]automotive industry trends[/URL] that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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