Albany, NY -- (SBWIRE) -- 05/31/2019 -- The global Car Rental market is driven by the various factors, a detailed analysis of which is included in the report. The report provides valuable recommendation to the companies in order to help them adapt winning strategies. It comprises the information pertaining to the opportunities and threats that the global Car Rental market is projected to witness during the forecast period. Industry-leading tools are used to provide detail information regarding the companies profiled. The report also provides in-depth analysis of the competition prevailing in the global Car Rental market.

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Car or vehicle rental service is relatively developed in the industrialized economies. A car rental, hire car, or car hire company provides vehicles on rent for short periods of time, generally ranging from a few hours to a few weeks. Car rental providers have a number of local branches and offices near airports, bus stops, railway station, and busy city areas. The key vendors that provide vehicle rental services mainly focus on customer's requirements, growth, innovation, and offers that attract customers and efficiency.
The impact of information technology in the industry has driven the transformation of the car rental services. The growing trend of using the Internet for customizing travel trips and online reservations & bookings is anticipated to propel the use of technology in the industry. The implementation of technology in these services makes the whole process safe, quick, reliable, and easy for consumers. In addition to this, the hassle-free process of online reservations and bookings increases convenience for both, the operators and customers.
One of the main challenges for car rental companies is to providesuperior customer service, especially when it comes to customer complaints. The dissatisfaction comes from different situations. From a lack of information on additional payments and excess amount, to waiting for hours in line to get the car they already booked.

North America dominated the car rental market in 2015 and occupied around 39% of the total market revenue. Much of this regions growth comes from the rise in accessibility and affordability of insurance and the growing popularity ofcar-sharing services. The increasing number of global tourists visitingCanada has also contributed to the rapid growth of the market. Factors such as an increase in business activities and growing awareness aboutcarpoolwill drive revenues in this region during the forecast period.

In 2018, the global Car Rental market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Car Rental status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Car Rental development in United States, Europe and China.

The key players covered in this study
Avis Budget
Carzonrent
Enterprise Holding
Europcar
Hertz
Sixt
...

Market segment by Type, the product can be split into
Luxury Cars
Executive Cars
Economy Cars
SUVs
MUVs

Market segment by Application, split into
Local Usage
Airport Transport
Outstation

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

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The study objectives of this report are:
To analyze global Car Rental status, future forecast, growth opportunity, key market and key players.
To present the Car Rental development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

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