Europe Car Rental Industry Analysis to 2017 - Latvia, Belgium and Ukraine to Stimulate the Market Growth : Ken Research
13 Jan, 2014, 13:09 GMT
NEW DELHI, January 13, 2014 /PRNewswire/ --
- Europe car rental revenue from off-airport segment has escalated at an average annual growth rate of 1.67% over the period 2006-2012 from USD 7,624.20 million in 2006
- Europcar has maintained its dominant position in the car rental industry in Europe by emphasizing on the development of customized and innovative products and services
- Car rental industry in Europe is anticipated to grow at a CAGR of 3.85% over the span of 2012-2017
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Ken Research has announced in its report "Europe Car Rental Industry Analysis to 2017 - Latvia, Belgium and Ukraine to Stimulate the Market Growth", the car rental industry in Europe has showcased variations in the revenue figures over the past seven years from 2006-2012. In 2007, the market proceeds from the car rentals in Europe were valued at USD 13,300.00 million which advanced to USD 14,000.00 million in 2008, thereby marking a significant growth of 5.26% in the same year. However owing to adverse global economic scenario, the revenues from the car rentals in Europe stagnated in 2009.
The company operates its car rental services through Hertz, Dollar and Thrifty brands. Recently, the company introduced Hertz 24*7 which is a revolutionary concept of providing rental services to the customers any time of the day or night, so that the customers can hire cars near their home or work stations, whenever needed. Besides these, there are other car rental players such as National car rental, Alamo, BLS and others which have contributed 44.69% to the overall market in the continent in 2012.
The car rental industry in Europe will be driven majorly by the increasing expansion of tourism and travel industry in various European countries, buoyed by the government initiatives. The popularity of the medical tourism is also expected to incline in future which will positively affect the market for car rentals in the region. The rising household income of travellers will continue to fuel increasing demand for leisure trips. Additionally, thriving international trade in the European region will continue to sustain demand from the business travel in different countries of Europe. This will further strengthen the market for car rentals in Europe.
Key Topics Covered:
- Europe Car Rental Industry
- Market Size
- Market Segmentation
- By Geography
- By On Airport and Off Airport
- Market Share
- Europcar
- Avis Budget
- Sixt
- Hertz
- Others
- Trends and Developments
- SWOT Analysis
- Future Outlook
2. Germany
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
- Car Sharing Market
- Market Size
- Market Share
- Online Car Rental Market
3. France
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
4. United Kingdom
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
5. Italy
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
6. Spain
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
7. Netherlands
- Car Rental Market
- Market Size
- Market Segmentation
- Competitive Scenario
- Future Outlook and Projections
8. Ireland
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
9. Switzerland
- Car Rental Market
- Market Size
- Market Segmentation
- Future Outlook and Projections
10. Latvia
- Car Rental Market
- Market Size
- Future Outlook and Projections
11. Belgium
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
12. Russia
- Car Rental Market
- Market Size
13. Ukraine
- Car Rental Market
- Market Size
- Market Segmentation
- Market Share
- Future Outlook and Projections
Browse full report:
Similar Report on Car Rental Industry:
Germany Car Rental Market Outlook to 2017 - Car Pooling and Online Bookings to Drive Future Growth
France Car Rental Industry Analysis to 2017 - Impelled by Rising Leisure Travel
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
SOURCE Ken Research