Home » Automotive, Business, News & Current Affairs, Transportation & Logistics, Travel » Global Car Rental Industry Analysis & Segment Forecasts by Vehicle Type and Applications- 2024
“orbisresearch”
OrbisResearch.com has published new research report on “Car Rental Market Analysis By Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUVs, MUVs), By Application (Local Usage, Airport Transport, Outstation) And Segment Forecasts To 20240” to its database.

The global car rental market is expected to witness a substantial growth over the forecast period, reaching USD 119.56 billion by 2024, according to a new report by Grand View Research, Inc. The industry is primarily driven by the growth as well as expansion of the global travel and tourism industry. There has been a significant increase in the number of business and leisure trips worldwide over the past few years.

The advent of online rental portals has helped shape the dynamics of the car rental industry. Growing usage of smartphones and tablets has helped customers to book and reserve cars from anywhere at any point of time. Major players, such as Enterprise Rent-A-Car and Avis Budget Group, are now focusing on developing smartphone applications and optimizing their customer-friendly websites to facilitate quick and convenient bookings.

Browse the report: http://www.orbisresearch.com/reports/index/car-rental-market-analysis-by-vehicle-type-luxury-cars-executive-cars-economy-cars-suvs-muvs-by-application-local-usage-airport-transport-outstation-and-segment-forecasts-to-2024

However, compliance with stringent vehicle emission regulations is expected to challenge the demand for these services across the world. In addition to this, the instability in crudeoil prices and growing demand for publictransportation are presumed to challenge the growth to some degree over the forecast period.

Further key findings from the report suggest:

An emerging trend in the travel and tourism industry which is gaining immense popularity is the evolution of “Bleisure”, which refers to a combination of leisure travel with business trips. The growth in this trend is presumed to propel the demand for car rentals among businesses as well as leisure travelers.

Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/111356

Executive cars are expected to witness a considerable growth with an estimated CAGR of close to 7% from 2016 to 2024. Swift globalization culminating into increased business trips across the globe is the primary factor propelling the growth of these cars in the near future.

In terms of application, airport transport dominated the overall industry share in 2015 and is presumed to retain its dominance over the next eight years. Rapid globalization has resulted in a significant increase in the number of air travelers across the globe, which, in turn, has bolstered the growth prospects of the industry.

Buy the report@http://www.orbisresearch.com/contact/purchase/111356

The Asia Pacific market was valued at over USD 12 billion in 2015 and is presumed to witness a substantial growth over the forecast period. The significant regional growth prospects can be attributed to the rising economic development, enhanced road and infrastructure facilities, and growth in tourism over the forecast period.

Major points From table Of Contents:

Chapter One: Methodology and Scope

Chapter Two: Executive Summary

Chapter Three: Market Snapshot

Chapter Four: Industry Outlook

Chapter Five: Market Categorization 1: Vehicle Type Estimates & Trend Analysis

Chapter Six: Market Categorization 2: Application Estimates & Trend Analysis

Chapter Seven: Market Categorization 3: Regional Estimates & Trend Analysis

Chapter Eight: Competitive Landscape

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Media Contact
Company Name: Orbis Research
Contact Person: Hector Costello
Email: sales@orbisresearch.com
Phone: +1 (214) 884-6817
Address:4144N Central Expressway, Suite 600
City: Dallas
State: Texas
Country: United States
Website: http://www.orbisresearch.com/reports/index/car-rental-market-analysis-by-vehicle-type-luxury-cars-executive-cars-economy-cars-suvs-muvs-by-application-local-usage-airport-transport-outstation-and-segment-forecasts-to-2024

Comments are closed.