Car rental is a service in which cars are provided on rent to people who do not have access to their own cars, so that they can gain access to a car especially while traveling or during repair. Car rental companies rent automobiles for a short time span, ranging from few hours to few weeks. It assists people with temporary vehicle needs, who do not have their own vehicles or want to travel out-of-town or have damaged a vehicle or waiting for fix/insurance compensation. These agencies also offer additional products like insurance, GPS navigation systems, music systems, Wi-Fi and child safety seats.
US Car Rental Market: Size, Trends & Forecasts (2017-2021) provides an in-depth analysis of the US appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure,. The report also gives an insight of the Canada addressable appraisal market opportunity.
Car rental is a service in which cars are provided on rent to people who do not have access to their own cars, so that they can gain access to a car especially while travelling or during repair. Car rental companies rent automobiles for a short time span, ranging from few hours to few weeks.
It assists people with temporary vehicle needs, who do not have their own vehicles or want to travel out-of-town or have damaged vehicle or waiting for fix/insurance compensation.
These agencies also offer additional products like insurance, GPS navigation systems, music systems, Wi-Fi and child safety seats.
The conditions for renting rental cars in the U.S. differ from company to company.
Customer can rent a car online by visiting their website online, selecting a car they want on rent, selecting destination of pick up and drop off. An online payment facility is also provided to the customers.
The U.S. car rental market is highly consolidated where the top three players accounted for majority of the of the market share. the consolidation may increase in coming years as large firms acquire local firms to expand their portfolio of premium and value brands.
The key factors driving growth of car rental market in the U.S. includes increasing travel expenditure, increasing tourist visits, growing urban population, rising internet penetration, rising population of HNWIs, growing economy, increasing air traffic, rising disposable income and increasing trend of leisure travel.
The key trends and development of this market includes introduction of new technologies and increasing autonomous cars in the U.S. However, there are some factors that hinder growth of this market including high number of off-lease vehicles, growth of ride sharing market, over fleeting and heavy capital requirement in the market.
On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.
This report provides a detailed analysis of the Car Rental market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Essential points covered in US Car Rental Market 2017 Research are:-
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the US Car Rental market?
- What are the key market trends impacting the growth of the US Car Rental market?
- What are the challenges to market growth?
- Who are the key vendors in the US Car Rental market?
- What are the market opportunities and threats faced by the vendors in the US Car Rental market?
- What are the key outcomes of the five forces analysis of the US Car Rental market?
This independent 74 pages report guarantees you will remain better informed than your competition. With over 175 tables and figures examining the Car Rental market, the report gives you a visual, one-stop breakdown of the leading products, sub market and market leader’s market revenue forecasts as well as analysis to 2021.
Furthermore, the report provides a detailed analysis of the US Car Rental market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the US Car Rental market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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The Car Rental market is expected to increase due to growth in GDP per-capita, international tourism,. Yet, the market faces some challenges such as, US economic downturn, high probability of terror attack,.
The US Car Rental market is expected to grow at a healthy rate during the forecast period (2017-2021). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.
However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the US Car Rental market.
The report provides a basic overview of the Car Rental industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.
Then, the report focuses on US major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Car Rental industry development trends and marketing channels are analyzed.
The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Car Rental on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Car Rental Market and assist manufacturers and investment organization to better grasp the development course of Car Rental Market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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