London, 22 June 2015 – Technavio has published a new report on the global car rental market, which is expected to grow at a CAGR of more than 15% from 2015-2019.
About the Report
The new Technavio market research report draws attention towards the tourism industry, which has been growing over the past few decades. Modern tourism is closely related to market growth, and more new destinations are being developed and promoted in many countries.
“The global reach of the tourism industry across nations has led to economic benefits for car rental companies,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also indicates that APAC (Asia-Pacific) has become the largest market for car rental companies. The demand for car rental services is primarily driven by countries such as China and Japan.
“The rise in fuel costs and increase in environmental pollution and traffic congestion are leading to the use of rental cars as an alternate means of transportation,” explains Ghaus.
Market Scope and Calculation of Market Size
In this report, Technavio covers the present scenario and growth prospects of the global car rental market from 2015-2019. To calculate the market size, Technavio considers revenue generated from the various types of cars used for car rentals, the category of car rental, and the mode of booking.
Key Information Covered in the Report:
Key Vendors:
- Alamo Rent a Car
- Avis Rent a Car System LLC
- Enterprise Rent-A-Car
- Hertz Corp.
Market Growth Drivers:
- Growth in Tourism
- For a full detailed list, view our report.
Market Challenges:
- Increased Oil Prices
- For a full detailed list, view our report.
Market Trends:
- Emerging Market in Asia-Pacific
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
