Company that rents automobiles at a
certain charge for a particular period of time is known as car rental agency.
These agencies are primarily located in busy city areas or near airports. The
cars can be rented also through online reservations. These agencies cater to
people traveling out of town. Car rental agencies rent out vans, trucks,
motorcycles or even scooters. These agencies offer extra products such as
global positioning systems, entertainment systems, navigation systems,
insurance and at times mobiles phones.
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The growth in tourism has been the
primary driver for the growth of the car rental agencies. It gives the
travelers the liberty to move around conveniently. It caters to the corporate
world, wherein client’s transportation is being prioritized. People often fear
of the unwarranted claims made by car rental agencies. They are often made to
pay extra for stuffs that were not included earlier. Different condition
parameters set forth by the car rental agencies prevent people from renting
cars. . Growing number of air travelers has increased the revenue of car rental
agencies. Globalization has instigated various multinational companies to
establish their business overseas. This in turn has fuelled the car rental
market demand, as people travelling abroad to client sites depend on such
reliable services that help them reach their destinations conveniently.
North America holds the largest market
share of car rental industry which is one of the prominent regions wherein car
rental service has flourished significantly. Some of the prominent regions in
North America are the U.S and Canada. North America is followed by Europe which
holds second largest market share for car rental market. The emerging countries
such as India, China are steadily growing in the car rental industry mainly due
to growing demand in these countries. Some of the largest car rental agencies
are Hertz, Avis, National, Budget, Alamo, Enterprise, Thrifty among others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
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