DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Car Rental Market - Forecasts from 2017 to 2022" report to their offering.
Global Car Rental market is projected to grow at a CAGR of 9.18% during the forecast period to reach US$106.211 billion by 2022, increasing from US$68.463 billion in 2017. Growing global travel and tourism industry is the major driver of car rental market worldwide. Rising disposable income coupled with the development of road infrastructure and growth of megacities, especially in emerging countries such as Australia, Brazil, China, and India is augmenting the demand for rental cars owing to increasing number of leisure and business trips.
Improving internet connectivity is contributing to the emerging trend of customization of travel trips and online reservations and bookings, thereby propelling the growth of the global car rental market. Technological advancements in telematics solutions and navigation functionalities are leading automobile manufacturers to offer various innovative web-based in order to facilitate the integration of devices such as smartphones with cars.
APAC region will witness the fastest regional market growth during the forecast period as rising middle-class population is leading to significant increase in air travel, providing an opportunity for key players in the car rental market to offer services across all major airports in the region. Moreover, rising number of both international and domestic tourists coupled with increasing number of internet users to carry out online travel bookings is boosting the growth of APAC car rental market.
- Avis Budget
- Enterprise Holding
- Enterprise Rent-A-Car
- Irish Car Rental
- Six Rent A Car
- Trust Middle East Car Rental
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Car Rental Market Forecast by Car Type
6. Global Car Rental Market Forecast by Mode of Booking
7. Global Car Rental Market Forecast by Rental Category
8. Global Car Rental Market Forecast by Geography
9. Competitive Intelligence
10. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mbqv6p/global_car_rental