The car rental market was hard hit during the recent economic recession largely due to overall decline in spending, and reduced travel, among other factors. However, revival in economic conditions at global level, during 2010, restored the consumer needs and confidence which reflected in improved car rental market. As there are expectations of continued economic revival, the travel related activities will also increase, further driving the growth of car rental market.
The car rental market is well organized in developed nations and further growing. The United States accounts for the majority share in the global car rental industry, followed by Europe and other developed nations. This industry has taken roots in and constantly growing in emerging economies like India, China, and Brazil, among others.
The car rental industry has been witnessing consolidation for greater reach and strength. The industry is also experiencing a trend of low corporate pricing thus further intensifying the market's competitive scenario. The recent developments of the market include increased adoption of electric vehicles by car rental operators and the introduction a new concept of opaque rentals. The reported increase in international travel coupled with rise in both business and leisure spending on travel are continuously driving the growth of global car rental market.
1. Car Rental – An Overview
2. Global Car Rental Market
3. Regional Markets
3.1 The US Car Rental Market
3.2 Europe Car Rental Market
3.3 Brazil Car Rental Market
3.4 China Car Rental Market
3.5 India Car Rental Market
4. Market Dynamics
4.1 Key Trends
4.2 Significant Developments
4.3 Growth Drivers
5. Car Rental - Competitive Scenario
6. Company Profiles
6.1 Hertz Global Holdings, Inc.
6.2 Dollar Thrifty Automotive Group, Inc.
6.3 Avis Budget Group, Inc.
6.4 Enterprise Holdings, Inc.
7. Market Outlook
List of Charts
Global Car Rental Market Revenues, 2010 & 2015E
The US Car Rental Market Revenues, 2005-2010
The US Car Rental Fleet, 2005-2010
The US Car Rental Revenues per Unit, 2005-2010
Growth in Passenger Enplanements in the US, Jan10-Dec10
New Vehicle Sales into Rental and Rental Fleet Size in the US, 2008-2010
European Car Rental Market Revenues, 2009-2010
European Car Rental Market Type of Customer, 2010
European Car Rental Market by Type of Location, 2010
Brazil’s Car Rental Market Revenues, 2003-2010
Brazilian Rental Fleet Size and Average Age, 2003-2010
Number of Rental Companies in Brazil, 2003-2010
Brazilian Car Rental Companies’ Participation in Automotive Sales, 2003-2010
China’s Car Rental Market Revenues, 2010 & 2015E
India’s Car Rental Market Revenues, 2006 & 2010
% Change in Customer Spend on Car Rental, Q211 vs. Q210
GDP Forecast of Major Nations, 2012F
Growth in International Arrivals, 2006-2010
Growth in Global Business Travel Spending, 2009-2011E
Competition in the US Market, 2010
Hertz’s Revenues by Business Segments, 2010
Hertz’s Total and Car Rental Revenues, 2006-2010
Dollar Thrifty’s Revenue Breakdown, 2006-2010
Dollar Thrifty’s Vehicle Rental Revenues, 2006-2010
Avis Budget Group, Inc.’s Revenue by Segments, 2010
Avis Budget Group, Inc.’s Revenues and Net Income, 2006-2010
Enterprise Holdings, Inc.’s Revenues, 2006-2010
The US Car Rental Revenues Forecast, 2009-2014F
List of Tables
Hertz’s Revenues by Type of Car Rental, 2009
Dollar Thrifty’s Rental Locations, 2008-2010
Business Profile of the Car Rental Market in Brazil (percentage), 2006-2010
The US Corporate Car Rental Rates, 2010 vs. 2011
Competitive Landscape of Leading Car Rental Companies, 2009 & 2010
Market Share of the European Car Rental Market, 2009 & 2010
Dependent & Independent Variables (2006-2010)
Model Summary – Coefficient of Determination
Regression Coefficients Output.