Car Rentals - Global Markets to 2023 Featuring Profiles on Major Players: Easy Taxi, Nissan Car Solutions, Ola Cabs, Taxify OU, Uber Technologies, and More

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Aug 20, 2019, 12:30 ET

DUBLIN, Aug. 20, 2019 /PRNewswire/ -- The "Car Rentals: Global Markets to 2023" report has been added to ResearchAndMarkets.com's offering.

This report examines the technologies, markets and factors influencing the markets for car rental systems. Markets are forecast based on historical activity and current opportunities, technical advances and challenges, and various geographic subsets of the market: North America, Europe, Asia-Pacific and South America.

The forecasts presented are for the total available markets. Discussion is provided that compares actual revenues with market potential. Markets are broken down by car type and then discussed within the context of technology trends. A detailed analysis of the market potential is used as a basis for estimating the world markets for these products. Thorough analyses are carried out of car rental practices, along with trends toward the uptake of solution costs, emerging standards and common practices.

Prime decision makers in the project chain who select the type of cars are identified. Factors influencing the requirements and purchases for the systems are examined, as are national and international responses to global challenges.

In this report, the car rental market is segmented into four areas: compact, executive, SUV and hybrid/electric. The sales are then broken up by geographic areas. A section focused on ride sharing and its impact across the globe is also included in the report.

The car rental market is fragmented. In North America and Europe, it is a mature market that is growing at a low single-digit rate. Competition is fierce in the established market and increasing in less established ones, which will spark innovation and new use of technology for competitive advantage.

The report includes:

An industry analysis of the global car rental market
Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
Information on how new technology will create additional revenue and new product categories or bring new life to existing products
Characterization and quantification of the market potential for global car rental market by vehicle types, major geographies, end users and technology types
A relevant patent analysis
Profiles of major players in the industry including, Easy Taxi, Nissan Car Solutions Co. Ltd., Ola Cabs, Taxify OU and Uber Technologies Inc.

Executive Summary

Daily headlines tout digital disruption, the ability of new technology to impact many businesses, accelerating development cycles, increasing efficiency and providing more service opportunities.

The traditional rental car market is entering a new era. The tried-and-true business models developed in the past 100 years are under siege. New technology and the growing sharing economy have enabled suppliers to build up new business and distribution models.

The change can impact a vendor in many ways. Traditionally, vendors have competed in areas like the type of vehicle and price. They have offered high cost, luxury rentals, which appealed to individuals with disposable income to afford them.

Market changes have presented suppliers with new challenges. The traditional boundaries are blurring, and suppliers must determine their business focuses. The success of Uber illustrates the potential impact on car renters today. Traditional auto renters must figure out their value-add and role in this rapidly changing marketplace.

Information technology has also been in a period of profound change. Cloud computing is becoming the new data center, with central resources no longer always located on the customer's site, but instead located in the company's data center. Mobility makes it easier for customers to book reservations.

A rental market with high demands and significant competitive pressures is rapidly emerging. Not all will prove viable. Success is not guaranteed.

An ever-increasing number of companies - both start-ups and established enterprises - are focusing on the subject of mobility and often with it they pair electric vehicles. The market is emerging, evolving, and fraught with challenges, such as charging these vehicles.

New, innovative approaches and new concepts are developing. Each of these ideas needs testing ground to be tried, improved and developed for everyday use.

Meanwhile, car renters need to maintain their existing business - and its revenue streams. Consequently, they are moving in many directions, some of which seem contradictory. What the market looks like in a decade will be significantly different from how it appears today.

Key Topics Covered

Chapter 1 Introduction

Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

Importance of Global Distribution Systems
Industry Standard Car Classification Codes
Economy Cars
North American Economy Car Rentals
European Economy Car Rentals
Asia-Pacific Economy Car Rentals
South American Economy Car Rentals
Executive/Luxury Cars
North American Executive/Luxury Car Rentals
European Executive/Luxury Car Rentals
Asia-Pacific Executive/Luxury Car Rentals
South American Executive/Luxury Car Rentals
Sport Utility Vehicles (SUVs)
North American SUV Rentals
European SUV Rentals
Asia-Pacific SUV Rentals
South American SUV Rentals
Hybrid/Electric Cars
Electric Vehicles Impact the Grid
Government Policies Impact the Electric Vehicle Market
North American Hybrid/Electric Vehicle Rentals
European Hybrid/Electric Vehicle Rentals
Asia-Pacific Hybrid/Electric Vehicle Rentals
South American Hybrid/Electric Vehicle Rentals
Ride Sharing Car Rentals
Important Role of GPS Systems
GPS and Smartphones
Smartphones Take Off
Mobile Applications Grab Center Stage
Social Media Gains Traction
Rework
Ride Sharing Benefits
A Growing Gray Area
Electric Vehicle and Ride Sharing Synergies
Drivers Create Problems
North American Ride Sharing Car Rentals
European Ride Sharing Car Rentals
Asia-Pacific Ride Sharing Rentals
South American Ride Sharing Rentals

Chapter 4 Company Profiles

ACE Rent A Car
Advantage Opco Llc
Affiliated Car Rental L.C
Aj Rent A Car Co. Ltd.
Al-Futtaim Group
Antaeus Rent A Car Pvt. Ltd.
Auto Europe Llc
Avis Budget Group
Baba Car Rental
Bejing North Star Car Rental Co.
Blabla Car
Blancride
Blue Bird Group
Blue Solutions Sa
Cabify
Car2Go
Car Rental Delhi Inc.
China Auto Rental Inc.
Carzonrent India
Didi Chuxing
Drivezy
Easirent Ltd.
Easy Taxi
Eco Car Hire And Van Rental Co.
Ehi Car Services Ltd.
Enterprise Rent A Car
Europcar Amag Services Ag
Express Transindo Utama
E-Z Rent-A-Car Llc
Fasten Inc.
Formula Group
Fox Rent A Car Inc.
Getaround Inc.
Global Travels
Go-Jek
Grab Taxi Holdings Pte. Ltd.
Green Motion International Car Rental
Haxi
Hertz Global Holding Inc.
Himalyian Car Rental Inc.
Imperial Premium Rent A Car
Jr Hokkaido Rental Co.
Jucy Rentals
Kemwel
Locauto Rent S.P.A.
Localiza Rent A Car S/A
Lotte Rental Co. Ltd.
Lyft
Maven
Mitra Pinastika Mustiak Rent Corp.
Moia Gmhb
Myles Cars Ltd.
Nippon Rent-A-Car
Nissan Car Rental Solutions Co. Ltd.
Ola Cabs
Orix Rent A Car
Pt Serasi Autoraya
Pt Tunas Ridean Tdk
Reachnow
Redspot Car Rental
Rent A Wreck
Rica Convenience Car Rental
Savaari Car Rentals Pvt. Ltd.
Shouqi Car Rental
Sixt Se
Sky Rent A Car
Smas Auto Leasing India Pvt. Ltd.
Sumisho Auto Leasing Corp.
State Express
Taxify Ou
Times Mobility Co. Ltd.
Toyota Rent-A Car Co. Ltd.
Turo Inc.
Uber Technologies Inc.
Ucar Sa
Unidas Sa
U-Save Car And Truck Rental
Via Transportation Inc.
Wattacars
Zoomcar India Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/6fdqr6

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