The report titled “Europe Car Rental Market Outlook to 2025- By Region (France,
Germany, Spain, United Kingdom, Italy, Portugal, Ireland, Poland and Others),
By Fleet (Compact, SUV, Luxury) and By Purpose (Leisure and Business), Car
Sharing By Fleet Size and Users and Cab Aggregator By Revenue and User” provides a comprehensive analysis of the Car Rental Market in
Europe. The report covers various aspects
including
overview and genesis, market size in terms of revenue and fleet size, market
segmentation by fleet type (Compact, SUV’s and Luxury), by country and purpose
(Leisure and Business). The report also covers country snapshots of Germany,
Spain, United Kingdom, France, Italy, Portugal, Ireland & Poland and
snapshot on Car Sharing, Cab Aggregator and Car Pooling Market in Europe. It
also provides comprehensive information on trends and developments, issues and
challenges,
SWOT analysis and major mergers & acquisition deals in the industry. A
detailed competitive landscape including competitive scenario, cross comparison
matrix, strengths and weakness of major players, market share on the basis of fleet
size in France,
Germany, Spain, United Kingdom, Italy, Portugal, Ireland, and Poland and
company profiles are also included in the report.
The report concludes with the future projections for the above mentioned market
segments and analyst recommendations that involves key strategies for the
existing players to ensure their profitability for the coming years and
suggestions for potential entrants highlighting the major opportunities and
cautions.
Europe Car Rental Market
Overview and Size
Europe car rental market witnessed growth during the
review period 2013-2018 in terms of fleet size and revenue owing to expansion
of local and international players in the market and rise in tourist arrivals
in European countries. The market was observed to be at the growth stage owing
to increase in investments in the market,
fall in prices offered by service providers and innovative strategies adopted
by companies in European countries. Profitability associated with car
rental companies are highly correlated with the prices offered, operational
efficiently, quality & reliability and innovative market penetration strategies
adopted by the companies.
Europe Car Rental Market
Segmentation
By Region: France accounted for highest market share in Europe car
rental market on the basis of revenue in 2018. This was followed by Germany,
Spain, UK, Italy, Portugal, Ireland, Poland and other European Countries
respectively. Additionally, United
Kingdom dominated car rental market in Europe on the basis of fleet size in
2018.
By Fleet Type: Compact vehicles accounted for
highest market share in 2018. Compact vehicles such as Ford Focus, Volkswagen Golf,
Seat Leon and others remained the most popular car type for car rental services
in European countries. SUV’s accounted for the second highest market share
followed by Luxury & Premium vehicles.
By Purpose: Cars rented for Leisure purposes
contributed majority share in the car rental market in Europe. Remaining share was
observed to be captured by business or corporate car rental transactions in
2018. It was witnessed that car rental market in Italy, Spain, and Portugal was
inclined towards leisure transactions whereas Germany, Belgium and UK was
inclined towards business transactions.
Europe Car Sharing Market: Car Sharing
Market has been growing owing to a rise in
the number of local and international players operating in the European
countries. Germany has been observed to the largest car sharing market across
Europe in terms of fleet size and number of customers. Additionally, a positive
growth rate has been observed in United Kingdom, Italy and France car sharing
market owing to increase in the fleet size and number of players in the mentioned
countries. Few major players in car sharing market are Sharenow, Zipcar,
Getaround, Ubeeqo and others.
Europe Cab Aggregator Market: Cab
Aggregator Market in Europe has been growing owing to a rise in
the number of users and operational locations in the region. United Kingdom has
been observed to the largest cab aggregator market
across Europe in terms of number of players and users present in the country.
Major players in Europe cab aggregator market are Gett, Uber, Freenow, Bolt,
Cabify and Kapten.
Competitive Landscape
Car Rental Market in Europe is moderately concentrated owing to top five international players
namely Europcar, Sixt, Hertz, Avis Budget Group and Enterprise-rent-a-car
dominating the market across all European countries. These five major players
are present across all European countries capturing more than 60% market share
in terms of fleet size and revenue. Other local rental players in the market are
Ucar & ADA in France, CC Rent a car & Euromobil in Germany, Pepecars &
RecordGo in Spain, Maggiore in Italy, Guerin-rent-a-car in Portugal, and
Express & Panek in Poland. Global companies enter though strategic
partnership with local players in the form of franchisee, merger or acquisition
in order to expand their operations in the country. The players in the market
have been competing on the basis of price, customer service
quality, ease of vehicle rental and return, vehicle availability, reliability,
rental locations, product innovation, national or international distribution
and other value added services in order to differentiate their service offerings
from other players in the market.
Car Rental Market Future
Outlook and Projections
In future, it is anticipated that car rental market
in Europe will be fuelled by rise in tourist arrivals, economic growth in major
European countries, regional expansion of players in terms of fleet size, increase
in customer spending, initiatives undertaken to reduce traffic congestion and
carbon footprint by government bodies across various countries and growth in investments
in technology by major players in the market over the years.
Key Segments Covered:-
Europe Car Rental Market
By Region
France
Germany
Spain
United Kingdom
Italy
Portugal
Ireland
Poland
Others
By Fleet Type
Compact
SUV
Luxury and Premium
By Purpose
Leisure
Business
By Rental Location
On-Airport
Off-Airport
Europe Cab Aggregator Market
Europe Cab Aggregator Market By Revenue
Europe Cab Aggregator Market By Number of Users
Europe Car Sharing Market
Europe Car Sharing Market By Fleet Size
Europe Car Sharing Market By Number of Users
Key Target Audience:-
Car Rental Companies
Ride Hailing Companies /Cab Aggregators
Car Sharing Companies
Ride Sharing Companies
Government/ Regulatory Authorities
Online Aggregators
Automotive OEMs
Time Period Captured in the
Report:-
Historical Period: 2013-2018
Forecast Period: 2019F-2025F
Companies Covered:-
Europe Car Rental Market
Europcar
Sixt
Avis Budget Group
Hertz
Enterprise-Rent-a-Car
Europe Cab Aggregator Market
Uber
Bolt
Gett
Cabify
Kapten
FreeNow
Europe Car Sharing Market
ShareNow
Zipcar
Ubeeqo
Getaround
Key Topics Covered in the Report:-
Operating Model of Europe Car
Rental Market
Europe Car Rental Market Size,
2013-2018 (By Revenue and Fleet Size)
Europe Car Rental Market
Segmentation (By Region, By Fleet Type and By Purpose)
Country Profiles (France,
Germany, Spain, United Kingdom, Italy, Portugal, Ireland and Poland)
Snapshot of Car Sharing Market
in Europe
Snapshot of Cab Aggregator Market
in Europe
Snapshot of Car Pooling Market
in Europe
Upcoming Mobility Trends in
European Countries
Mergers, Acquisitions and
Partnerships in Car Rental Industry
Trends and Development in Europe
Car Rental Market
Regulations in Europe Car Rental
Industry
Issues & Challenges in Car Rental
Service Industry
SWOT Analysis of Europe Car
Rental Industry
Competitive Landscape in Europe
Car Rental Market
Strength & Weakness of Major
Players (Europcar, Sixt, Avis Budget Group, Enterprise and Hertz) in Europe Car
Rental market
Cross Comparison of Major
Players (Europcar, Sixt, Avis Budget Group, Enterprise and Hertz) in Europe Car
Rental Market, 2018
Company Profile of Europcar,
Sixt, Avis Budget Group, Enterprise and Hertz
Europe Car Rental Market Future,
2019F-2025F (By Region, By Fleet Type and By Purpose)
Analyst Recommendations for
Europe Car Rental Market
For
more information, refer to below link:-
Related
Reports:-
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