Global Car Rental Market Growing at a CAGR of 13.6% From 2014 to 2019 to Reach USD 79.46 billion in 2019: MarketResearchReports.Biz
ALBANY, New York, August 7, 2014 /PRNewswire/ --
MarketResearchReports.Biz new market report "Car Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," global car rental market was valued at USD 36.89 billion in 2013, growing at a CAGR of 13.6% from 2014 to 2019 to account for USD 79.46 billion in 2019.
A car rental Market 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.
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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 report 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).
Car Rental Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Car Rental Market: By type of car
- Luxury Cars
- Executive Cars
- Economy Cars
- SUV's
- MUV's
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Car Rental Market: By category
- Local Usage
- Airport Transport
- Outstation
- Others (self drive, event transportation, employee transportation solutions)
The report provides a cross-sectional analysis of all the above segments with respect to the following regions:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
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In the heavy truck industry, the demand mainly comes from infrastructure construction and transportation, and sales volume is to a large extent influenced by macro economy and industrial policies. After the downturn in 2011-2012, China heavy truck industry resumed growth in 2013 thanks to logistics demand and national IV emission standards, with the sales volume increasing by 138,100 or 21.71% year on year to 774,100. From January to May of 2014, the cumulative sales volume of heavy trucks hit 365,200, up 11.48% year on year.
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This report mainly involves complete heavy truck, incomplete heavy truck and semi-trailer towing vehicle, which enjoyed the market share of 28.41%, 37.56% and 34.02% respectively in 2013. In 2013, the fastest growing semi-trailer towing vehicle grew up by 38.15% and its market share increased by 4 percentage points. The development of semi-trailer towing vehicle depends on highway freight, cargo turnover, container port throughput and other factors. It is expected that semi-trailer towing vehicle will witness stable growth in the future and become the model holding the largest market share.
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Passenger vehicle seat motors account for above 95% of the entire automotive seat motor market. Only mid-range and upscale passenger vehicles were equipped with seat motors before 2010, but, with intensified configuration competition among vehicle manufacturers and users' growing appetite for comfort, the installation rate of automotive seat motor has been gradually increasing in recent years.
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This master report summarizing and forecasting every sector of the EV industry remains unique. It adds new sectors as they become substantial, the latest being car-like MicroEVs homologated as quadricycles in Europe.
In the last year it has become a more closely integrated market - pure electric and hybrid whether on land, water or airborne. For example, Nissan has launched hybrid cars selling in tens of thousands yearly. The e-bike company Brammo has taken orders for 4,000 of its $20,000 record-breaking e-motorbike on its launch in the USA. Previously, e-motorbikes have been merely a curiosity.
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Many profitable niches are emerging just as the largest major sectors are changing in importance; the industrial and commercial sector is now bigger and much more profitable than e-cars, and is set to remain so for at least eight more years.
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The Following Enterprises and People Are Recommended to Purchase This Report:
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