The Netherlands Car Rental market is projected to show significant growth, contributing ~ €4k Mn by 2027F with an expected Increase in Travel Expenditure and Rising Foreign Visitors: Ken Research

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Jan 11, 2023, 06:17 ET

GURUGRAM, India, Jan. 11, 2023 /PRNewswire/ -- Car Rentals in Netherlands is one of the growing markets in the European region with multiple players offering customer oriented mobility services along with short term leasing companies. Multiple international players are expected to enter and capture the market with increase in consumer demand in near future.

The Amsterdam Airport Schiphol, belonging to the central region is expected to have a large number of international tourists for business and leisure purposes in near future.
It is expected that the share of EVs will rise to 25.0% as Netherlands is planning to shift towards electric mobility, being taxed less as compared to other cars.
With rising internet penetration and ownership of smartphones, it is expected that customers will make bookings online as it is more convenient for bookings with additional discounts and saving time.

The Rising demand for Rental Cars: It is expected that Car Rentals in the Netherlands will go beyond in near future owing to trends like demand from the working population for business and leisure, replacing ownership with rental and car sharing due to parking permits, and space availability issues in the country. With the surge in the working-class population to travel by cab aggregators avoiding public transportation. Also, with the rising demand for rental cars and short-term car leasing for personal choice.

Rising Internet Penetration and Ownership of Smartphones: Un-Organized channel is likely to fall as business corporates, and international tourists prefer security for renting cars. Less percentage of the Dutch population is to prefer unorganized as rental prices are cheaper. As with rising internet penetration and ownership of smartphones, it is expected that customers will make bookings online as it is more convenient for bookings with additional discounts and saving time.

Taxis & rental cars to be zero-emission by 2025: The Netherlands was chosen as the next logical destination in the country, as the other two big economies in Europe, France, and Spain, have several regulations and strong taxi unions. In the coming years, the Netherlands is to restrict all newly registered taxis and rental cars in the big cities to zero-emission vehicles after 2025. Other parts of the country are allowed until 2030.

Analysts at Ken Research in their latest publication "Netherlands Car Rental Market Outlook to 2027F - Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry" observed the potential of the Car Rental Market in the Netherlands. The expansion of the tourism industry with rising foreign tourists in the Netherlands and On- Demand for transportation, the rising need for transportation options in the Netherlands, and increasing demand from customers along with government incentives on electric vehicles are expected to contribute to the market growth over the forecast period. The Netherlands Car Rental Market is expected to grow at 13.7% CAGR over the forecasted period 2022P-2027F owing to the increasing demand from the working-age population and expansion of the tourism and travel Industry.

Key Segments Covered:-

Netherlands Car Rental Market

By Market Structure

Organized market
Unorganized market

By Type of Vehicles

Small Cars/ Hatchbacks
Sedans
SUVs
Others

By ICE/EV

ICE (Internal Combustion Engine
Electric Vehicles

By Region

Central
South
North

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By Mode of Booking

Online
Offline

By Client

Business
Leisure

By Pick-up

Off-Airport
On-Airport

Key Target Audience:-

Car Rental Companies aiming to establish in the Netherlands
Netherlands automotive industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association

Time Period Captured in the Report:-

Historical Year: 2017-2022P
Base Year: 2022P
Forecast Period: 2022P– 2027F

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Companies Covered:-
Car Rental Company

Avis Budget Group
Hertz
Euro Mobil
Rent a Car
Europcar
SIXT
Enterprise

Key Topics Covered in the Report:-

Overview of Automotive Industry in the Netherlands
Overview and Genesis of Car Rental Market in Netherlands
Ecosystem of Netherlands Car Rental Market
Business Cycle and Value Chain Analysis of Car Rental Market in Netherlands
Netherlands Car Rental Market Sizing, 2017- 2022P
Market Segmentations of Car Rental Market in Netherlands (by Market Structure, by Type of Vehicle, by ICE/ EV, by Mode of Booking, by Pick-up, by Client, by Region), 2022P
Snapshots on Car Sharing, Cab Aggregators, Car Pooling/ Ride, Self- Driven Cars and Bike Aggregators
SWOT Analysis of Netherlands Car Rental Market
Growth Drivers of Netherlands Car Rental Market
Government Regulations And Incentives of Netherlands Car Rental Market
Trends and Developments of Netherlands Car Rental Market
Challenges of Netherlands Car Rental Market
Competitive Analysis of Car Rental Market in Netherlands
End User Analysis of Car Rental Market in Netherlands
Future Outlook and Projections of Car Rental Market in Netherlands, 2022P-2027F
Market Opportunities and Analyst Recommendations

For more insights on the market intelligence, refer to the link below:-

Netherlands Car Rental Market

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SOURCE Ken Research