Release date: 2008-12-04

Koncept Analytics Releases New Report on Global Car Rental Market

(Newswire Today) —  Delhi, India, 2008-12-04 - "Opportunities and Challenges": The report analyzes the individual business and consumer segments of the car rental industry and assesses the market opportunities available for the growth of the sector.


Despite the present global economic slowdown, recession in major economies and weaker growth forecasts, the worldwide car rental market is anticipated to grow at a CAGR of 3.5% in the period 2007-2010. Growth is more likely to come from the developing markets of China and India and also from Australia and the Middle East.

Car rental industry of the US, Europe and Asia Pacific countries such as Japan, Singapore, are more organized as compared to the emerging economies around the world. The recent slowdown experienced in the US, Europe and other developed Asian countries has led the car rental companies to explore other developing markets such as China, India, Australia and the Middle East.

With the technological advancements, the car rental industry has also undergone dramatic changes. The increasing trend of using the internet for online bookings, check-ins, etc. has changed the way of conducting business, making it convenient both for the consumer as well as the supplier. In addition, the ‘Green Evolution’ of the automobile industry, is also helping re-invent the image of the industry.

The changing demographics of the developed countries have opened new avenues for car rental companies across Europe. The emergence of the young driver segment with limited purchasing power is proving to be a new source of revenue generation for car rental companies in the region. In a similar fashion, the emerging business class in India and China are driving the rental business growth in Asia Pacific region.

Hertz continues to dominate the car rental market across the world with its operations in 145 countries. Nonetheless, the recent years have seen other companies such as Avis and Europcar also enhance their market position globally.

The report broadly includes the following:

1. Global Car Rental Market: An Overview

2. US Car Rental Market: An Overview
2.1 Market Size and Growth
2.2 Market Segmentation
2.3 Market Trends
2.4 Growth Drivers
2.5 Market Opportunities
2.6 Major Challenges
2.7 Market Forecast

3. European Car Rental Market: An Overview
3.1 Market Size and Growth
3.2 Market Segmentation
3.3 Market Trends
3.4 Growth Drivers
3.5 Market Opportunities
3.6 Major Challenges
3.7 Market Forecast

4. Asian Car Rental Market: An Overview
4.1 Japanese Car Rental Market
4.2 Chinese Car Rental Market
4.3 Indian Car Rental Market
4.3.1 Market Size and Growth
4.3.2 Market Trends
4.3.3 Market Opportunities
4.3.4 Major Challenges

5. Global Car Rental Market Forecast

List of Figures
Global Car Rental Market: Region-wise Share
US Car Rental Revenues (2002-07)
US Car Rental Fleet (2002-07)
On-Airport Vs Off-Airport – US Market
Customer Mix (On & Off-Airport) – US Market
US Car Rental Internet Leisure/Unmanaged Business Gross Bookings:2003-07
Global Air Passenger Traffic (2003-06 & 2015e)
Market Forecast for US Car Rental (2007 - 2010e)
European Car Rental Revenues (2004-07)
European Car Rental Market – Country Shares
Airport Vs Non-Airport Locations - Europe
Customer Mix (Airport & Non-Airport) - Europe
Air traffic Growth Europe (2005-13)
Market Forecast for European Car Rental (2007 - 2010e)
Japan Car Rental Revenues (2007-09e)
Chinese Car Rental Revenues (2007-09e)
Customer Segment Market Share: Organized Car Rental Market
Indian Car Rental Revenues (2007-09e)
Global Car Rental Revenues (2008-10e).


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