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Global Automobile Rental And Leasing Market Growth to 2030

Bharat Book Bureau Provides the Trending Market Research Report on "Automobile Rental And Leasing Global Market Opportunities And Strategies To 2030" under Auto Services category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Automobile Rental And Leasing Global Market Opportunities And Strategies To 2030: COVID 19 Impact And Recovery report from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global automobile rental and leasing market as it emerges from the COVID 19 shut down.

Reasons to Purchase

• Outperform competitors using accurate up to date demand-side dynamics information.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
• Create regional and country strategies on the basis of local data and analysis.
• Stay abreast of the latest customer and market research findings
• Benchmark performance against key competitors.
• Develop strategies based on likely future developments.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Gain a global perspective on the development of the market.

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Description:

Where is the largest and fastest growing market for the automobile rental and leasing market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global automobile rental and leasing global market opportunities and strategies to 2030: COVID 19 impact and recovery report from the Business Research Company answers all these questions and many more.

The report covers the following chapters

1. Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
2. Report Structure - This section gives the structure of the report and the information covered in the various sections.
3. Introduction - The introduction section gives the segmentation of the automobile rental and leasing market by type covered in this report.
4. Market Characteristics - The market characteristics section of the report defines and explains the automobile rental and leasing market. This chapter includes different products/services covered in the report and basic definitions.
5. Product Analysis - The product analysis section of the report describes the leading products/services in the market along with key features and differentiators for those products/services.
6. Supply Chain - The supply chain section of the report defines and explains the key players in the automobile rental and leasing market supply chain.
7. Customer Information- This chapter covers recent customers’ trends/preferences in the global automobile rental and leasing market.
8. Trends And Strategies - This chapter describes the major trends shaping the global automobile rental and leasing market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
9. Impact of COVID-19- This section describes the impact of COVID-19 on the automobile rental and leasing market.
10. Global Market Size And Growth - This section contains the global historic (2015-2019) and forecast (2019-2023) (2023-2025), and (2025-2030) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
11. Regional Analysis - This section contains the historic (2015-2019), forecast (2019-2023), (2023-2025), and (2025-2030) market value and growth and market share comparison by region.
12. Segmentation - This section contains the market values (2015-2030) and analysis for different segments in the market.
13. Global Macro Comparison -The global automobile rental and leasing market comparison with macro-economic factors gives the automobile rental and leasing market size, percentage of GDP, and average automobile rental and leasing market expenditure.
14. Regional Market Size and Growth- This section contains the region’s market size (2019), historic and forecast (2015-2023) (2023-2025), and (2025-2030) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
15. Competitive Landscape - This section covers details on the competitive landscape of the global automobile rental and leasing market, estimated market shares and company profiles of the leading players.
16. Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
17. Market Background - This section describes the leasing market of which the automobile rental and leasing market is a segment. This chapter includes the leasing market 2015-23 values, and regional analyses for the leasing market.
18. Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
19. Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for automotive equipment leasing providers in terms of product offerings, geographic expansion, price offerings, marketing strategies and target groups.
20. Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

By Type Of Service: Passenger Car Rental; Passenger Car Leasing; Truck, Utility Trailer, And Recreational Vehicle Rental And Leasing
By Type Of Mode: Online; Offline
By Type Of Lease: Open; Close
By End Use: Individual; Corporate

Companies Mentioned: Enterprise Holdings; The Hertz Corporation; Avis Budget; Daimler Group; LeasePlan

Countries: China, Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam, Canada, Mexico, USA, Argentina, Brazil, Chile, Colombia, Peru, Venezuela, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, Czech Republic, Poland, Romania, Russia, Saudi Arabia, Israel, Turkey, UAE, Egypt, Nigeria, South Africa

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast, three years further forecast, and six years further forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report describes and evaluates the global automobile rental and leasing market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.

The global automobile rental and leasing market is expected to decline from $366.9 billion in 2019 to $239.6 billion in 2020 at a compound annual growth rate (CAGR) of -35%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 15.06% from 2021 and reach $421.3 billion in 2023. The market is expected to grow at a CAGR of 8.1% to nearly $492.6 billion by 2025, and at a CAGR of 8.0% to $723.3 billion by 2030.

Growth in the historic period resulted from increased demand for mobility, rise in consumer awareness, growth in the used car market, and emerging markets growth. Factors that negatively affected growth in the historic period were restraints on consolidation in the industry, and driving challenges with overseas travelers.

Going forward, growing popularity of electric vehicles, e-commerce, investment in big data and IoT, and blockchain penetration in automotive rentals and leasing sector will drive the growth. Factors that could hinder the growth of the automobile rental and leasing market in the future include customer service and transparency, growing popularity of on-demand taxi services, and coronavirus disease (covid-19) outbreak.

The automobile rental and leasing market is segmented by type into passenger car rental, truck, utility trailer, and RV (recreational vehicle) rental and leasing, and passenger car leasing. The passenger car rental market was the largest segment of the automobile rental and leasing market, accounting for 61.6% of the total in 2019. It was followed by truck, utility trailer, and RV (recreational vehicle) rental and leasing, and passenger car leasing. Going forward, the passenger car leasing segment is expected to be the fastest growing segment in the automobile rental and leasing market, at a CAGR of 6.2%.

The automobile rental and leasing market is segmented by mode into passenger online and offline. The offline market was the largest segment of the automobile rental and leasing market segmented by mode, accounting for 50.6% of the total in 2019. Going forward, the online segment is expected to be the fastest growing segment in the automobile rental and leasing market segmented by mode, at a CAGR of 9.1%.

The automobile rental and leasing market is segmented by type of lease into open and close. The open market was the largest segment of the automobile rental and leasing market segmented by type of lease, accounting for 60.2% of the total in 2019. It is also expected to be the fastest growing segment in the automobile rental and leasing market segmented by type of lease, at a CAGR of 4.3%.

The automobile rental and leasing market is segmented by end use into industrial and corporate. The industrial market was the largest segment of the automobile rental and leasing market segmented by end use, accounting for 56.5% of the total in 2019. It is also expected to be the fastest growing segment in the automobile rental and leasing market segmented by end use, at a CAGR of 3.7%.

Asia-Pacific was the largest region in the global automobile rental and leasing market, accounting for 31.9% of the total in 2019. It was followed by Western Europe, North America, and then the other regions. Going forward, the fastest-growing regions in the automobile rental and leasing market will be Eastern Europe and Asia Pacific, where growth will be at CAGRs of 4.3% and 4.1% respectively. These will be followed by Western Europe and South America, where the markets are expected to grow at CAGRs of 3.6% and 3.2% respectively.

The global automotive equipment rental and leasing market is fragmented, with large number of small players in the market. The top ten competitors in the market made up 22% of the total market in 2019. Major players in the market include Enterprise Holdings, The Hertz Corporation, Avis Budget, Daimler Group, and LeasePlan.

The global leasing market, of which the automobile rental and leasing market is a segment, reached a value of nearly $ 1,398.5 billion in 2019, growing at a compound annual growth rate (CAGR) of 6.5% since 2015. It is expected to grow at a CAGR of 6.2% and reach nearly $1,775.9 billion by 2023. The lessors of nonfinancial intangible assets market was the largest segment in the global leasing market accounting for 38.0% of the total in 2019 and is expected to grow the fastest at a CAGR of 7.9% during 2019-2023. The consumer goods and general rental centers market was the smallest segment of the global leasing market, accounting for 11.1% of the total and was valued at $155.4 billion in 2019.

The top opportunities in the automobile rental and leasing market segmented by type will arise in the passenger car rental segment, which will gain $31.9 billion of global annual sales by 2023. The top opportunities in the automobile rental and leasing market segmented by mode will arise in the online segment, which will gain $75.7 billion of global annual sales by 2023. The top opportunities in the automobile rental and leasing market segmented by type of lease will arise in the open segment, which will gain $40.6 billion of global annual sales by 2023. The top opportunities in the automobile rental and leasing market segmented by end use will arise in the individual segment, which will gain $32.1 billion of global annual sales by 2023.

The automotive equipment market size will gain the most in China at $8.87 billion. Market-trend-based strategies for the automobile rental and leasing market include investing in big data technology, adopting IoT technology to better manage fleet and reduce costs, adopting blockchain technology to make leasing/renting more reliable, and implementing artificial intelligence in their operations. Player-adopted strategies in the automobile rental and leasing market include expanding through acquisitions, expanding through franchisee partnerships, and driving growth through operational efficiencies.

Amidst the unprecedented outbreak of corona virus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has decreased short term potential growth opportunities for the industry. Restrictions on international travel severely impacted the airport rentals industry. In the US, with the closure of amusement parks and other leisure activity destinations, car rentals for these services have also been negatively affected. To curb the impact of COVID-19 on their businesses, automotive leasing companies can consider adopting various strategies such as de-fleeting to save costs, and focusing on delivery and logistical services to meet the revised needs of customers.

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Posted By : Karthik Pilla // in Automotive