DUBLIN, Dec 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Self-drive Car Rental Market in Emerging Countries 2016-2020" report to their offering.
The report forecasts the self-drive car rental market in emerging countries to grow at a CAGR of 22.30% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the self-drive car rental market in emerging countries for 2016-2020. To calculate the market size, the report considers the total number of fleet size, total number of rides per rental car in a year, and the average revenue of the rental companies operating in their respective regions.
OEMs like General Motors and Ford are racing to create their own fleet of self-driving cars. However, to understand the basic groundwork of the car rental market, OEMs are entering partnerships with the self-drive car rental companies and managing their fleet. This places the OEMs at a strategical position where they get to experience and understand the issues and opportunities regarding ferrying people from location to location and road specific conditions and obstacles faced by the drivers.
According to the report, government regulations for fossil-fuel powered cars is likely to drive demand in this market. The self-drive car rental market in China currently consists of 63.94% of the total market in the emerging countries. Changes occurring in the Chinese self-drive car rental market would have a significant effect on the total self-drive car rental market. China has been plagued by the rising pollution levels and heavy congestion on its roads. The country has been implementing various regulations to limit the number of private cars on the roads to reduce congestion and limit pollution.
Further, the report states that In China and India, many people depend on public transportation for commuting. Transportation for about 203 million licensed people who do not own cars in China depends on public transportation or car rentals. However, the number of people opting for on-demand taxi operators are increasing due to government restrictions regarding owning a private car, lack of parking space for a self-drive rental car, and aggressive discount offers given by the on-demand taxi operators to capture more customers.
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by body type
Part 07: Geographical segmentation
Part 08: Key leading country
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/q4r7qw/selfdrive_car
Laura Wood, Senior Manager
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SOURCE Research and Markets