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- Europe Vehicle Rental Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Vehicle rental market relates running vehicle on a rental basis or leasing the vehicle for a specific period. Europe is having the inclined growth in dealing with the vehicle rentals within the forecast period with CAGR of 16.63%. The boom in the European markets of transport as many advantages like increased concern and awareness of lower emissions compiled by the reducing the number of cars on the road are making this markets.
Europe Vehicle Rental Market Size & Growth:
Europe Vehicle Rental Market is valued at $81.79 billion in 2018 and estimated to reach a value of $157.89 billion in 2024 at CAGR of 16.63%. Key points like expansion and progression of worldwide travel and tourism industry, incorporation of advanced digital technologies in car rental services, investment by global funds and players opting for aggregator based business model are accelerating this market and the factors like negative impact of volatile prices of gasoline and petroleum products on expenditure in car rental industry, immense traffic problems in metropolitan cities & pollution effect on environment are hampering the market growth.
Europe Vehicle Rental Market Share:
Europe Vehicle Rental market is classified by Application, by Vehicle type, by Mode of booking, by Location and by Geography. By application vehicle, rental markets are segmented as a business, leisure, and others. By vehicle type, they are segmented as the economy, executive, luxury, SUV, MUV cars. By mode of booking, they are segmented as online and offline. By Location, they are segmented as on-airport and off-airport. By geography, they are segmented into U.K., Germany, France, Italy, and Spain.
Europe Vehicle Rental Market Trends:
- The markets related to the vehicle rental market are having the inclined growth. As the key players like Avis budget group and Carzonrent Ltd. have seen good growth from past few years.
- Advantage Rent A Car Canadian Owned car rental company acquired value priced car rental company named E-Z Rent-A-Car Group Holding, LLC. One of the biggest deal in the car rental market was the acquisition of Dollar Thrifty Automotive Group by Hertz.
- Fox Rent A Car has announced the new corporate location grand opening in San Antonio.
Europe Vehicle Rental Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Avis Budget Group Inc.
- Localiza – Rent a Car SA
- Advantage Rent-a-car Corporation
- Carzonrent Ltd
- Fox-Rent-a-car
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers & Opportunities
4.1.1 Expansion and progression of worldwide travel and tourism industry
4.1.2 Incorporation of advanced digital technologies in car rental services.
4.1.3. Investment by global funds and players opting for aggregator based business model
4.1.4 Advent of the Internet and growing number of smartphones for reservation and bookings
4.2 Restraints & Challenges
4.2.1 Negative impact of volatile prices of gasoline and petroleum products on expenditure in car rental industry
4.2.2 Immense traffic problems in metropolitan cities & pollution effect on environment
5. Europe Vehicle Rental Market – By Application
5.1 Business
5.2 Leisure
5.3 Others
6. Europe Vehicle Rental Market – By Vehicle type
6.1 Economy Cars
6.2 Executive Cars
6.3 Luxury Cars
6.4 MUV Cars
6.5 SUV Cars
7. Europe Vehicle Rental Market – By Mode of booking
7.1 Offline
7.2 Online
8. Europe Vehicle Rental Market – By Location
8.1 On-Airport
8.2 Off-Airport
9. Europe Vehicle Rental Market – By Geography
9.1 Introduction
9.2 Europe
9.2.1 UK
9.2.2 Germany
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Others
10. Company Profiles
10.1 Ace Rent-a-car
10.2 U-save-Auto-Rental System
10.3 Enterprise Holdings Inc.
10.4 Avis Budget Group Inc.
10.5 Localiza – Rent a Car SA
10.6 Advantage Rent-a-car
10.7 Carzonrent Ltd.
10.8 Fox-Rent-a-car
10.9 Budget Car Rental
10.10 The Hertz Corporation
10.11 US Cars
10.12 Eco Rent a Car
10.13 Sixt SE
10.14 Alamo
11. Europe Vehicle Rental Market – Competitive Landscape
11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
11.2 Strategies Adopted By Top Companies
11.3 Market Share Analysis
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Additional information
Report Type | Extensive Report, Miniature report, Snapshot Report |
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Vehicle rental market relates running vehicle on a rental basis or leasing the vehicle for a specific period. Europe is having the inclined growth in dealing with the vehicle rentals within the forecast period with CAGR of 16.63%. The boom in the European markets of transport as many advantages like increased concern and awareness of lower emissions compiled by the reducing the number of cars on the road are making this markets.
Europe Vehicle Rental Market Size & Growth:
Europe Vehicle Rental Market is valued at $81.79 billion in 2018 and estimated to reach a value of $157.89 billion in 2024 at CAGR of 16.63%. Key points like expansion and progression of worldwide travel and tourism industry, incorporation of advanced digital technologies in car rental services, investment by global funds and players opting for aggregator based business model are accelerating this market and the factors like negative impact of volatile prices of gasoline and petroleum products on expenditure in car rental industry, immense traffic problems in metropolitan cities & pollution effect on environment are hampering the market growth.
Europe Vehicle Rental Market Share:
Europe Vehicle Rental market is classified by Application, by Vehicle type, by Mode of booking, by Location and by Geography. By application vehicle, rental markets are segmented as a business, leisure, and others. By vehicle type, they are segmented as the economy, executive, luxury, SUV, MUV cars. By mode of booking, they are segmented as online and offline. By Location, they are segmented as on-airport and off-airport. By geography, they are segmented into U.K., Germany, France, Italy, and Spain.
Europe Vehicle Rental Market Trends:
- The markets related to the vehicle rental market are having the inclined growth. As the key players like Avis budget group and Carzonrent Ltd. have seen good growth from past few years.
- Advantage Rent A Car Canadian Owned car rental company acquired value priced car rental company named E-Z Rent-A-Car Group Holding, LLC. One of the biggest deal in the car rental market was the acquisition of Dollar Thrifty Automotive Group by Hertz.
- Fox Rent A Car has announced the new corporate location grand opening in San Antonio.
Europe Vehicle Rental Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Avis Budget Group Inc.
- Localiza – Rent a Car SA
- Advantage Rent-a-car Corporation
- Carzonrent Ltd
- Fox-Rent-a-car
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers & Opportunities
4.1.1 Expansion and progression of worldwide travel and tourism industry
4.1.2 Incorporation of advanced digital technologies in car rental services.
4.1.3. Investment by global funds and players opting for aggregator based business model
4.1.4 Advent of the Internet and growing number of smartphones for reservation and bookings
4.2 Restraints & Challenges
4.2.1 Negative impact of volatile prices of gasoline and petroleum products on expenditure in car rental industry
4.2.2 Immense traffic problems in metropolitan cities & pollution effect on environment
5. Europe Vehicle Rental Market – By Application
5.1 Business
5.2 Leisure
5.3 Others
6. Europe Vehicle Rental Market – By Vehicle type
6.1 Economy Cars
6.2 Executive Cars
6.3 Luxury Cars
6.4 MUV Cars
6.5 SUV Cars
7. Europe Vehicle Rental Market – By Mode of booking
7.1 Offline
7.2 Online
8. Europe Vehicle Rental Market – By Location
8.1 On-Airport
8.2 Off-Airport
9. Europe Vehicle Rental Market – By Geography
9.1 Introduction
9.2 Europe
9.2.1 UK
9.2.2 Germany
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Others
10. Company Profiles
10.1 Ace Rent-a-car
10.2 U-save-Auto-Rental System
10.3 Enterprise Holdings Inc.
10.4 Avis Budget Group Inc.
10.5 Localiza – Rent a Car SA
10.6 Advantage Rent-a-car
10.7 Carzonrent Ltd.
10.8 Fox-Rent-a-car
10.9 Budget Car Rental
10.10 The Hertz Corporation
10.11 US Cars
10.12 Eco Rent a Car
10.13 Sixt SE
10.14 Alamo
11. Europe Vehicle Rental Market – Competitive Landscape
11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
11.2 Strategies Adopted By Top Companies
11.3 Market Share Analysis
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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