Asia-Pacific Car Rental Market Report 2016-2024: Industry Share, Trends, & Key Players

Posted on 2018-07-25 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Jul-25 — /EPR Network/ —According to Goldstein Research, Asia-Pacific car rental market is expected to reach USD21.4 billion by the end of 2024, growing at a CAGR of 6.2% over the forecast period, 2016-2024. The urbanization in APAC countries and rising foreign tourists that are privileged to ride vehicle as per government are the major driving force in the growth of Asia-Pacific car rental market.

Asia-Pacific Car rental market segmentation has been done on the basis of rental type, service type, vehicle, mode of booking and geography. Economy cars accounted for the largest revenue share in 2016, followed by multi-utility vehicles in the vehicle type segment. On the basis of services type segment, self-driving vehicles accounting for largest market share. Asia-Pacific Car rental market is dominated by China, which accounts for over 27% market share. China is closely followed by India and Philippines, which are expected to grow at the fastest rate over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Asia-Pacifica rental market can be segmented as follows:

By Rental Type

Interstate Services
Intrastate Services
Airport Transfers

By Services Type

Chauffeur Drive
Special Events
Self-Driving
Car Pool
Taxi Services

By Vehicles

Luxury Cars
Executive Cars
Economy Cars
Sports Utility Vehicles
Multi Utility Vehicles

By Mode of Booking

Online Bookings
App-based car rental services
Telephonic car rental services
Web-Based Car Rental Services
Offline Bookings

On the basis of region

Japan Car Rental Market{Market Size, Growth Analysis and Opportunity Analysis}
South Korea Car Rental Market {Market Size, Growth Analysis and Opportunity Analysis}
China Car Rental Market {Market Size, Growth Analysis and Opportunity Analysis}
India Car Rental Market {Market Size, Growth Analysis and Opportunity Analysis}
Singapore Car Rental Market {Market Size, Growth Analysis and Opportunity Analysis}
Australia Car Rental Market {Market Size, Growth Analysis and Opportunity Analysis}
New Zealand Car Rental Market{Market Size, Growth Analysis and Opportunity Analysis}
Rest of APAC {Market Size, Growth Analysis and Opportunity Analysis}

“Car Rental Industry Analysis” contains the detailed overview of the Asia-Pacific Car rental market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by rental type, service type, vehicles and mode of booking.

Further, for the in-depth analysis, Asia-Pacific Car Rental Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such amber, Avis, Ola, Hertz, Didi Chuxing, Sixt, Zoomcar, Europcar, GrabTaxi, Hailo, Line Taxi and Blue Bird, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Asia-Pacific Car rental market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Our market research reports provide in-depth analysis of Asia-Pacific and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current global market trends scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.