Albany, NY (PRWEB) September 03, 2014
Car rental companies are the ones which offer cars and vehicles on rent for a few hours to a few weeks, for a fee. These companies generally cater to the requirement of people or travelers who are travelling overseas or out of city or whose vehicle is damaged and repair/ insurance compensation is awaited.
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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. North America is followed by Europe which holds second largest 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.
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Increasing GDP levels, increasing volumes of both inbound and domestic tourists coupled with rise in disposable incomes and improving road infrastructure are factors driving the car rental industry. The emerging business class in India and China along with the green revolution in the automobile industry is further driving the car rental market. However, the volatility in petroleum product prices, along with high gasoline price, is expected to affect both consumers spending levels and economic conditions across the globe, thereby leaving a moderate impact on the global car rental industry. Other major challenge faced by the industry is tightening of emission standards in various parts of the world.
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The report, “Global Car Rental Market” analyzes the development of the global car rental market, with a focus on key markets of the US, Brazil, Korea, Indonesia and China. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry, Hertz Global Holdings, Inc., Avis Budget Group, Inc., and Enterprise Holdings, Inc., are being profiled, along with their key financials and strategies for growth.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
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Global Car Rental Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
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A car rental company rents out vehicles/automobiles for a specific period of time ranging from a few hours to a few months for an appropriate fee. The service is often organized across various local branches, facilitating customers to return the vehicle in a location of their convenience. In addition, car rental services are often complemented by websites, allowing online reservations and car rental offices are primarily located near airports or busy city areas.
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Car rental agencies serve people whose cars are temporarily out of service or the ones who do not have access to their vehicles, for example owners of damaged vehicles who are awaiting insurance or repair compensation, or travelers from outside the town. Alongside the basic rental of a vehicle, car rental agencies typically offer extra services, such as GPS navigation systems, insurance and entertainment systems. This market research study analyzes the car rental market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2019.
Global Power Rental Market 2012-2016
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Global Power Rental market to grow at a CAGR of 17 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing energy demand. The Global Power Rental market has also been witnessing an increasing demand for electricity. However, stringent emission regulations could pose a challenge to the growth of this market.
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Global Power Rental Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the markets in North America, Middle East, Asia, Africa, Europe, and Latin America; it also covers the Global Power Rental market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Car Rental Market In The US 2011-2015
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Car Rental market in the US to grow at a CAGR of 6 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing international visitors to the US. The Car Rental Market in the US has also been witnessing technology driving new services. However, the decline in corporate travel could pose the biggest challenge to the growth of this market.
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Car Rental Market in the US 2011-2015, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the US; it also covers the Car Rental market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors dominating this market space include Avis Budget Group Inc., Dollar Thrifty Automotive Group Inc., Enterprise Holdings Inc., and The Hertz Corp.
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