DALLAS, September 3, 2014 /PRNewswire/ --
Global Car Rental Market Report: 2014 Edition research, now available with MarketReportsOnline, says the growing tourism industry is set to drive the car rental market growth worldwide. Rising personal incomes, improving road infrastructure and increasing volumes of both inbound and domestic tourists along with more generous corporate travel budgets are the chief factors to underpin growth of car rental market; however, rising fuel prices and the corresponding increase in ticket prices may threaten the industry growth. Globally, economies having registered growth trends, expanding market demands, and technological advancements coupled with upbeat market forces that are suggestive of a greater role of car rental market in the near future. Complete report is available at http://www.marketreportsonline.com/353792.html .
This worldwide car rental market report reveals that North America is the largest car rental market and is followed by Europe which holds second largest market share. However, emerging countries such as India and China are steadily growing in the car rental industry mainly due to growing demand in these countries propelled by macroeconomic and employment improvement achieved in recent years. Also, the study reveals that, though the airport car rental market is larger, off-airport portion of the industry has been also witnessing volume increases owing to local business use, leisure travel and the replacement of cars being repaired.
The research report offers insightful industry analysis and an in depth look at the position of the car rental market globally as well as in the key markets of the US, Brazil, Korea, Indonesia and China. The report also sheds light on the drivers coupled with recent trends and challenges being faced by the industry. It also incorporates competitive landscape and provides an exhaustive study of some of the key vendors operating in the market along with their key financials and strategies for growth. By deploying SPSS Inc.'s data integration and analysis capabilities, future growth prediction for the period spanning 2014-2017 to determine the future direction of the industry has also been analyzed in the report. Thus, the report covers all the important aspects of the global car rental market, which will prove decisive for the clients.
Car rental market companies like Hertz Global Holdings, Inc., Avis Budget Group, Inc. and Enterprise Holdings, Inc. are profiled in this report available for purchase at http://www.marketreportsonline.com/contacts/purchase.php?name=353792 .
One of the industries which benefitted the most on account of improving world economy is car rental. Car rental is the hiring of a motor vehicle from one party to another party. Car rental companies are the ones which offer cars and vehicles on rent for a few hours to a few weeks, for a fee. These companies generally cater to the requirement of people o r travelers who are travelling overseas or out of city or whose vehicle is damaged and repair/ insurance compensation is awaited.
By combining SPSS Inc.'s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
Explore more reports on the car rental market at http://www.marketreportsonline.com/industry/car-rental-market-research.html .
Market Reports Online is an online library of 500,000 reports and in-depth market research studies of over 5000 micro markets spread across 25 top level industries. These reports offer competitive intelligence data for companies in varied market segments and for decision makers at multiple levels in these organizations. We provide 24/7 online and offline support to our customers.
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