TechNavio today launched its report Car Rental Market in the US 2011-2015 based on an in-depth market analysis focusing exclusively on the US. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The Car Rental market in the US is expected to witness new rental services being introduced due to technology usage, which will drive the market in the near future. For instance, more electric cars will be available for rental. Enterprise Rent A Car has expanded its electric fleet to 11 California cities and is operating as the state’s largest network of ”green” rentals. Similarly, Hertz has introduced 24/7 ExpressRent kiosks at airports. Furthermore, Hertz gold members can sign up for ”eReturn,” which offers electronic receipts and faster vehicle returns. Also, Avis Budget Group is planning an ”On Location” service powered by ID System’s exclusive wireless vehicle management system, which will enable corporate clients to rent and check in vehicles using a smartphone and also has the potential to automate vehicle data collection and streamline billing. The service will be launched initially in North America.”
According to the report, the increasing number of international visitors to the US is one of the major drivers of the Car Rental market in the US. The number of visitors is expected to increase massively by 2015. The number of visitors has increased due to the improved economic conditions and is expected to improve over a period of time, which will drive the market.
Further, the report discusses that the decline in corporate travel is one of the major challenges facing the Car Rental market in the US.
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. For further information on this report, please visit https://www.technavio.com/content/car-rental-market-us-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Car Rental Market in the US 2011-2015
