Abstract
Description
The car rental market was hard hit during the recent economic recession
largely due to overall decline in spending, and reduced travel, among other
factors. However, revival in economic conditions at global level, during 2010,
restored the consumer needs and confidence which reflected in improved car
rental market. As there are expectations of continued economic revival, the
travel related activities will also increase, further driving the growth of
car rental market.
The car rental market is well organized in developed nations and further
growing. The United States accounts for the majority share in the global car
rental industry, followed by Europe and other developed nations. This industry
has taken roots in and constantly growing in emerging economies like India,
China, and Brazil, among others.
The car rental industry has been witnessing consolidation for greater reach
and strength. The industry is also experiencing a trend of low corporate
pricing thus further intensifying the market's competitive scenario. The
recent developments of the market include increased adoption of electric
vehicles by car rental operators and the introduction a new concept of opaque
rentals. The reported increase in international travel coupled with rise in
both business and leisure spending on travel are continuously driving the
growth of global car rental market.
The competition in the car rental market is intense and primarily based on
price, service, and reliability. Hertz, Enterprise, Avis Budget, and Dollar
Thrifty are the four key players in the global car rental market.
The report provides an analysis of the global car rental industry, with focus
on various geographic regions. The market drivers, trends and challenges for
the car rental industry have also been analyzed. The report also presents the
competitive structure of the industry and profiles major players with a
discussion of their key business strategies.
By combining SPSS Inc.'s data integration and analysis capabilities with our
relevant findings, we have predicted the future growth of the global diabetic
population. 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.
The car rental market was hard hit during the recent economic recession
largely due to overall decline in spending, and reduced travel, among other
factors. However, revival in economic conditions at global level, during 2010,
restored the consumer needs and confidence which reflected in improved car
rental market. As there are expectations of continued economic revival, the
travel related activities will also increase, further driving the growth of
car rental market.
The car rental market is well organized in developed nations and further
growing. The United States accounts for the majority share in the global car
rental industry, followed by Europe and other developed nations. This industry
has taken roots in and constantly growing in emerging economies like India,
China, and Brazil, among others.
The car rental industry has been witnessing consolidation for greater reach
and strength. The industry is also experiencing a trend of low corporate
pricing thus further intensifying the market's competitive scenario. The
recent developments of the market include increased adoption of electric
vehicles by car rental operators and the introduction a new concept of opaque
rentals. The reported increase in international travel coupled with rise in
both business and leisure spending on travel are continuously driving the
growth of global car rental market.
The competition in the car rental market is intense and primarily based on
price, service, and reliability. Hertz, Enterprise, Avis Budget, and Dollar
Thrifty are the four key players in the global car rental market.
The report provides an analysis of the global car rental industry, with focus
on various geographic regions. The market drivers, trends and challenges for
the car rental industry have also been analyzed. The report also presents the
competitive structure of the industry and profiles major players with a
discussion of their key business strategies.
By combining SPSS Inc.'s data integration and analysis capabilities with our
relevant findings, we have predicted the future growth of the global diabetic
population. 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.
Table of Contents
1. Car Rental - An Overview
2. Global Car Rental Market
3. Regional Markets
- 3.1 The US Car Rental Market
- 3.1.1 Market Overview
- 3.1.2 Market Segments
- 3.1.3 Key Trends
- 3.1.4 Market Outlook
- 3.2 Europe Car Rental Market
- 3.2.1 Market Overview
- 3.2.2 Market Segments
- 3.2.3 Key Trends
- 3.3 Brazil Car Rental Market
- Market Revenues
- Fleet Size
- Major Companies
- 3.4 China Car Rental Market
- 3.5 India Car Rental Market
4. Market Dynamics
- 4.1 Key Trends
- 4.1.1 Consolidation in Car Rental Market
- 4.1.2 Low Corporate Pricing and Tight Fleets
- 4.1.3 Slowdown in Consumer and Small Business Spending
- 4.2 Significant Developments
- 4.2.1 Introduction of Electric Vehicles
- 4.2.2 Opaque Rentals: A New Development Opportunity
- 4.3 Growth Drivers
- 4.3.1 Favorable Economic Environment
- 4.3.2 Growth in International Travel
- 4.3.3 Rise in Business Travel Spending
- 4.4 Challenge
- 4.4.1 GPS Tracking Facility: A Challenge Too
5. Car Rental - Competitive Scenario
- 5.1 Competition in the US Market
- 5.2 Competition in the European Market
6. Company Profiles
- 6.1 Hertz Global Holdings, Inc.
- Company Overview
- Key Financials
- Business Strategies
- Achieving Diversified Growth
- Establishing Innovation Leadership
- 6.2 Dollar Thrifty Automotive Group, Inc.
- Company Overview
- Key Financials
- Business Strategies
- Diversified Fleet Composition
- Enhanced Brand Representation
- 6.3 Avis Budget Group, Inc.
- Company Overview
- Key Financials
- Business Strategies
- Cost Reduction Initiatives
- Exploiting Diverse Profit Opportunities
- 6.4 Enterprise Holdings, Inc.
- Company Overview
- Key Financials
- Business Strategies
- Offering Fuel-Efficient Alternatives
- Sustainable Development
7. Market Outlook
- 7.1 Market Forecast
- 7.2 Forecast Methodology
- 7.2.1 Dependent and Independent Variables
- 7.2.2 Correlation Analysis
- 7.2.3 Regression Analysis
List of Charts
- Global Car Rental Market Revenues, 2010 & 2015E
- The US Car Rental Market Revenues, 2005-2010
- The US Car Rental Fleet, 2005-2010
- The US Car Rental Revenues per Unit, 2005-2010
- Growth in Passenger Enplanements in the US, Jan10-Dec10
- New Vehicle Sales into Rental and Rental Fleet Size in the US, 2008-2010
- European Car Rental Market Revenues, 2009-2010
- European Car Rental Market Type of Customer, 2010
- European Car Rental Market by Type of Location, 2010
- Brazil's Car Rental Market Revenues, 2003-2010
- Brazilian Rental Fleet Size and Average Age, 2003-2010
- Number of Rental Companies in Brazil, 2003-2010
- Brazilian Car Rental Companies' Participation in Automotive Sales,
2003-2010
- China's Car Rental Market Revenues, 2010 & 2015E
- India's Car Rental Market Revenues, 2006 & 2010
- % Change in Customer Spend on Car Rental, Q211 vs. Q210
- GDP Forecast of Major Nations, 2012F
- Growth in International Arrivals, 2006-2010
- Growth in Global Business Travel Spending, 2009-2011E
- Competition in the US Market, 2010
- Hertz's Revenues by Business Segments, 2010
- Hertz's Total and Car Rental Revenues, 2006-2010
- Dollar Thrifty's Revenue Breakdown, 2006-2010
- Dollar Thrifty's Vehicle Rental Revenues, 2006-2010
- Avis Budget Group, Inc.'s Revenue by Segments, 2010
- Avis Budget Group, Inc.'s Revenues and Net Income, 2006-2010
- Enterprise Holdings, Inc.'s Revenues, 2006-2010
- The US Car Rental Revenues Forecast, 2009-2014F
List of Tables
- Hertz's Revenues by Type of Car Rental, 2009
- Dollar Thrifty's Rental Locations, 2008-2010
- Business Profile of the Car Rental Market in Brazil (percentage), 2006-2010
- The US Corporate Car Rental Rates, 2010 vs. 2011
- Competitive Landscape of Leading Car Rental Companies, 2009 & 2010
- Market Share of the European Car Rental Market, 2009 & 2010
- Dependent & Independent Variables (2006-2010)
- Correlation Matrix
- Model Summary - Coefficient of Determination
- Regression Coefficients Output
