US Car Rental Market 2017-2021: Industry Analysis, Size, Share & Outlook
"The
Latest Research Report US Car Rental Market: Industry Analysis &
Outlook (2017-2021) provides information on pricing, market analysis,
shares, forecast, and company profiles for key industry participants.
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About
Car Rental Market
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.
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The U.S. car rental market is
highly consolidated where the top three players accounted for
majority of the of the market share. Also, 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.
The report “U.S. Car Rental
Market: Industry Analysis & Outlook (2017-2021)” by Koncept
Analytics provides an extensive research and detailed analysis of the
present market along with future outlook. The report discusses the
major growth drivers and challenges of the market, covering U.S.
market along with the global market. The report profiles the key
players of the market including Enterprise Holdings, Hertz Global
Holding and Avis Budget Group.
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Table of Content
1. Market Overview
1.1 Car Rental
1.2 Car Rental Business Model
1.3 Car Rental Conditions
1.4 Car Rental Insurance
1.5 Car Rental Revenue and Cost
Structure
2. Global Car Rental Market
2.1 Global Car Rental Market by
Value
2.2 Global Car Rental Market
Forecast by Value
2.3 Global Car Rental Market by
Region
2.4 Global Car Rental Market by
Customer
2.5 Global Car Rental Rates
3. U.S. Car Rental Market
3.1 U.S. Car Rental Market by
Value
3.2 U.S. Car Rental Market
Forecast by Value
3.3 U.S. Car Rental Market by
Segment
3.3.1 U.S. On Airport Car Rental
Market by Value
3.3.2 U.S. On Airport Car Rental
Market Value Forecast
3.3.3 U.S. Off Airport Car Rental
Market by Value
3.3.4 U.S. Off Airport Car Rental
Market Value Forecast
3.4 U.S. Car Rental Market by
Volume
3.5 U.S. Car Rental Market Volume
Forecast
3.6 U.S. Car Rental Revenue Per
Unit (RPU)
3.7 New Vehicles Added in the U.S.
Rental Fleet
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4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Travel
Expenditure
4.1.2 Increasing Tourist Visits In
the U.S.
4.1.3 Growing Urban Population
4.1.4 Increasing Internet
penetration
4.1.5 Strong Economic Growth
4.1.6 Rising Population of HNWIs
4.1.7 Increasing Air Passengers
Traffic
4.1.8 Rising Lodging Demand
4.1.9 Increasing Person Trip
Volume
4.2 Key Trends & Developments
4.2.1 Increase in Autonomous Cars
4.2.2 New Technologies/Mobile
Based Applications
4.3 Challenges
4.3.1 Increasing Number of
Off-Lease Vehicles
4.3.2 Growth of Car Sharing Market
4.3.3 Heavy Capital Requirement
4.3.4 Over Fleeting
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue and Market Cap
Comparison
5.1.2 Global Car Rental Market
Share by Company
5.2 The U.S. Market
5.2.1 U.S. Car Rental Market Share
by Company
5.2.2 U.S. Car Rental Market Share
by Company
5.2.3 U.S. Non-Franchise Locations
by Company
5.2.4 U.S. Annual Revenue Per
Vehicle Comparison by Company
5.2.5 U.S. Cars in Service
Comparison by Company
5.2.6 U.S. Fleet Cost Per Unit
Comparison by Company
5.2.7 U.S. Rental Cars Revenue Per
Day Comparison by Company
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