Global Car Rental Market Size, Status and Forecast 2022
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  • Description

    The major players in global market include Enterprise, Hertz, Avis Budget Group, Europcar, Sixt, ALD Automotive, Localiza, Movida, CAR Inc., Unidas.

    Geographically, this report split global into several key Regions, with, revenue (million USD), market share and growth rate of Car Rental for these regions, from 2012 to 2022 (forecast)
    United States
    Southeast Asia
    1 Methodology/Research Approach
    This research study involved the extensive usage of both primary and secondary data sources.  The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
    1.1 Research Programs/Design
    Table Research Programs/Design for This Report
    Research Design
    Historical Data
    (2012-2016)    Industry Trends    Global Revenue;
    Status and Outlook;
    Competitive Landscape
    By Manufacturers;
    Mergers and Acquisitions    Product Revenue for Top Players
    Market Share
    Growth Rate
    Present Situation Analysis;
    Market Segment
    By Applications
    By Regions/ Geography    Sales Revenue
    Market Share;
    Growth Rate
    Present Situation Analysis
    Factors    Market Environment
    Government Policy
    Technological Changes    Market Drivers
    Growing Demand of Downstream
    Reduction in Cost
    Market Risks    Market Opportunities and Challenges
    Market Forecast
    (2017-2022)    Market Size Forecast
    Global Overall Size
    By Type/Product Category
    By Applications/End Users
    By Regions/Geography    Key Data (Revenue)
    Market Size;
    Market Share (%);
    Growth Rate (%);
    CAGR (%);
    Product Sales Price
    1.2 Market Size Estimation
    Top-down and bottom-up approaches are used to validate the global Car Rental market size market and estimate the market size for manufacturers, regions segments, product segments and applications (end users).
    The market estimations in this report are based on the marketed sale price of Car Rental (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). The percentage splits, market shares, and breakdowns of the product segments are derived on the basis of weightages assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Car Rental market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

    Major players in the market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market shares, growth rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

    All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from QYReports and presented in this report.

    The following figure shows an illustrative representation of the overall market size estimation process used for this study.
    Figure Bottom-up and Top-down Approaches for This Report
    1.3 Market Breakdown and Data Triangulation
    After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
    Figure Data Triangulation
    Primary Sources        Secondary Sources
    Interviews With:
    Opinion Leaders
    Industry Experts
    Front-line Staff
    Marketing Executives
    Technology and Innovation Directors
    Executives from Related Industries and Organizations        Annual Reports
    Press Releases
    Paid Databases
    QYReports Repository
    Supply Side
    Demand Side    Interviews With:
    Purchasing/Product Managers
    End Users/Buyers
    Industry Experts
    Opinion Leaders
    Research Institutes        TRADING ECONOMICS
    Federal Reserve Economic Data
    Bloomberg Business
    Source    Key Manufacturers    Market Analysis by Product Category    Market Forecast
    Competitive Landscape    Market Analysis by Regions    Market Estimates
    Market Share and Growth Rate     Market Analysis by End Users /Applications    Risks, Opportunities and Challenges

    2 Data Source
    2.1 Secondary Sources
    Secondary Sources such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on; This research study involved the usage of widespread secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; BIS Statistics; ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Car Rental market. It was also used to obtain important information about the top players, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
    Table Key Data Information from Secondary Sources
    Parameters    Key Data    Sources
    Market Size    Segmental Revenue/Sales Volume    Journals, Websites, and Press Releases
    Annual Reports and SEC Filings
    Company Websites and Press Releases
    Public and Paid Databases
    QYReports Data Repository
    Geographic Penetration
    Product Adoption Rate For Different End Users
    Market Position of Top Players    Product Financials
    Geographic Revenue Mix
    Total Company Revenue
    Business/Segmental Revenue Mix
    Qualitative Analysis    Influence Factors    Company Websites and Press Releases
    Public and Paid Databases
    Annual Reports
    Industry Associations
    QYReports Data Repository
    Market Potential
    Market Risks and Opportunities
    Industry Trends
    Geographical Features
    Government Policies

    2.2 Primary Sources
    In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers etc.

    The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

    Primary research was conducted to identify segmentation types, product price range, product applications, key players, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

    Table Key Data Information from Primary Sources
    Primary Sources    Parameters    Key Data
    Market Segments    By Product Types    Revenue by Product Types,
    Status and Outlook    Revenue and Market Share of Product Types
    Revenue and Growth Rate of Product Types
    By Applications
    (End Users)    Value by Applications/End Users,
    Status and Outlook    Value in Major Applications
    Percentage and Growth Rate of Each Application
    Market Segments
    by Regions    Revenue by Regions, Status and Outlook (2012-2022)    Revenue, Growth Rate and Market Share by Regions
    Global Market    Global Overall Size (Revenue), Present Situation and Forecast    Global Market Size Status and Forecast (2012-2022)

    3 Disclaimer
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    Research Methodology

    QY Reports in their recently published report, have emphasized upon the unique and key findings of the industry for a particular assessment period. The report mainly categorizes the custom market survey conducted by the experts to collect high-quality data analysis and visualization to bring out the various dynamics of the industry. It offers a detailed information about the latest updates such as several new technological advancements made, mergers and acquisitions, new entrants in the market, which make an impact on different segments of the industry.

    Segmental Analysis

    The global industry has been segmented on the basis of its products, regions, end users, technology, applications and cues for positioning, advertising & communication strategies. For a better understanding of the market, QY Reports has also provided a detailed analysis of drivers, restraints, and opportunities that dominate the present market scenario and also provides the anticipation of the future status of this industry.

    QY Reports emphasizes on the essentials of analyzing qualitative and quantitative aspects of the industry. While giving a brief idea about the revenue opportunities for all the segments, this report has also provided the impact of industry expertise to determine the scope of the study for all the segments over the predicted period.

    Regional Analysis

    The report comprises of the geographical landscape of the industry and is briefly segmented into key regions such as North America, the Asia Pacific, Latin America, and the Middle East and Africa. Our research methodology also focuses on understanding the niche countries such as Vietnam, Indonesia, Thailand, Malaysia, Mexico, and Italy to give lucid essence of the country-wide acceptance and growth of this industry. It also provides the reader with extensive data related to the market thus, empowering them to make informed decisions about doing business.

    Our infallible research methodology offers flexibility to suit varying budgets, deadlines, and altering market dynamics. Our researches cover a detailed comprehension of a wide spectrum of products and services, along with the business strategies adopted by the new entrants who are trying to establish themselves in the competitive landscape. The market size and revenue generated by each segments has been analyzed with the help of Basis Point Share technique, which accurately calculates the percentage change in the value of trending products.

    QY Reports is committed to offer a targeted market view in order to eliminate redundant information for the complete satisfaction of thereader.

    Various sales channels such as Original Equipment Manufacturers and aftermarkets across various key regions are covered in this report.

    Our quantitative research approach identifies the market size and how much it might be worth to find areas for sales growth. It also helps the reader understand the demographics of customers, such as their gender and age. The qualitative research renders a better understanding of the customer requirements and identifies opportunities for enhancing sales and also improving customer service.

    Our research experts have focused on to offer a detailed description of the supply side of the business before placing the product in the market. The syndicated research covers critical aspects of market research to generate useful strategies that ensure accurate analysis, high-level data integrity, and impeccable forecasts. On-demand customization or bespoke proposals are rendered to exactly meet the customer needs. The information provided regarding the geographical segmentation and the competitive landscape is based on the study done on the authenticated data from direct observations, online surveys, government agencies, industry bodies, and expert interviews.

    QY Reports offers market attractiveness, which presents a market index to help the clients and target audiences recognize the numerous opportunities that the industry holds.

    In order to authenticate the data, our experts have interviewed the industry experts on various panels across the globe who have sufficient experience and knowledge related to the field. QY Reports has used frameworks such as Year on Year growth forecast, parent market overview for data analysis, and the performance of various macroeconomic factors. Also, the analysts have gathered all the necessary information from the annual reports of various companies, their official websites, and some paid publications in order to offer full-proof reports to our clients.

    The report has developed a time-bound strategic roadmap for the readers by weaving different aspects of business into a winning fabric.