Rising Number of Business and Leisure Trips to Bolster Global Car Rental Market’s Growth until 2021

Brooklyn, NY,, Sept. 14, 2016 (GLOBE NEWSWIRE) — The research study has made use of several analytical tools to identify and analyze the potential opportunities in the car rental market across the globe. The key growth drivers, challenges, geographical segmentation, and the competitive landscape of the market have been mentioned in the scope of the research study. The inputs given by industry experts in the report are anticipated to guide the market players and decision-makers in formulating effective financial as well as business strategies effectively in the coming years.

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The tremendous rise in the number of business and leisure trips and the growing number of air travelers are among the key factors projected to augment the growth of the car rental market across the globe in the near future. The growing global population and the increasing use of the Internet are also contributing towards the growth of the overall market. On the flip side, the volatility in crude oil prices and tightening emission standards are estimated to curtail the growth of the car rental market in the next few years.

On the other hand, the rising demand for car rental services in developing economies, the booming tourism industry, and emergence of innovative business concepts are some of the other factors estimated to boost the demand for car rental services throughout the forecast period. Moreover, the growing public awareness regarding car rental services and the rising income levels are estimated to propel the market in the coming few years.

The research report further throws light on the competitive landscape of the global car rental market and provides detailed profiles of the key players operating in the market. The new product launches, expansion policies, mergers and acquisitions, and other developments in the overall market have been discussed in the research report to give a clear picture of the market. In addition, a SWOT analysis of the leading players and the key strategies adopted by them have been included in the study.

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Some of the prominent players included in the research study are Enterprise Rent-A-Car, Sixt, Eco Rent-A-Car, Fox Rent-A-Car, Advantage Rent A Car, Avis Rent A Car, E-Z Rent-A-Car, Island Car Rental, Movida Rent A Car, Trust Car Rental, National Car Rental, Midway Car Rental, Hertz, Alamo Rent-A-Car, Europcar, Dollar Rent-A-Car, Thrifty Car Rental, and Carzonrent.

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