Car Rental Market Trends, Size, Analysis and Overview

Technavio Announces the Publication of its Research Report Global Car Rental Market 2016-2020

Technavio recognizes the following companies as the key players in the global car rental market: Avis Budget, Carzonrent, Enterprise Holding, Europcar, Hertz, and Sixt.

Other Prominent Vendors in the market are: Advantage Rent a Car, Hermes Rent a Car, Dollar Thrifty Automotive, Eco Rent-A-Car, E-Z Rent-A-Car, Fox Rent-A-Car, Irish Car Rental, Island Car Rental¸ Midway Car Rental, Movida Rent A Car, National Car Rental, Payless Car Rental, Trust Middle East Car Rental, and Value Car Rental.

Browse full report with TOC@ https://marketreportscenter.com/reports/368507/global-car-rental-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Rise in tourism will be a key trend for market growth. The tourism industry has been growing over the past few decades. International tourist arrivals increased by around 4.5% and reached a total of 1.2 billion in 2015. Modern tourism is related to growth and more new destinations are being developed and promoted in many countries. This has made tourism a major driver of socio-?economic progress globally. ?Travel and tourism contributed around $8 trillion to the global economy in 2014. Major contributors to the business travel market are the US and China. Chinese business travel increased by around 14% in 2015. Moreover, the revenue generated by business tourism has almost surpassed that generated by the automobile sector. The global reach of the tourism industry across nations has led to ?economic benefits for car rental companies.”

According to the report, one of the key drivers for market growth will be increase in business travelers. With safety and security being a major concern, companies send employees to other cities or countries for business purposes. This has led to growth opportunities for many interrelated businesses like restaurants, airports, hotels, and car rental agencies. Business...