2014-03-06 18:49:04 - Global Car Rental Market Report: 2013 Edition - a new market research report on companiesandmarkets.com
One of the industries which benefitted the most on account of improving world economy is car rental. Since the financial scenario is ameliorating and people are able to afford higher spend on leisure activities and overseas travel, a gush in the demand for car rental services has been witnessed over the past few years.Car rental companies are the ones which offer cars and vehicles on rent for a few hours to a few weeks, for a fee. These companies generally cater to the requirement of people or travellers who are travelling overseas or out of city or whose vehicle is damaged and repair/ insurance compensation is awaited. Such agencies are normally located around the busy areas of city. Car rental
companies usually operate via two segments viz. Rent-a-Car and Fleet Rental. The rent-a-car segment is vulnerable to the fluctuations in world economic and financial condition. The factors which are expected to drive the growth of car rental market include growing travel and tourism industry, rising demand for recreational and leisure activities, increasing population of urban people and HNIs and the ameliorating economic scenario which has increased the consumer spending power. On the other hand, there do exist certain challenges like stringent emission standards for curbing pollution which may hinder the industry growth.Report ScopeThis report provides a comprehensive analysis of the global car rental market with focus on regional study of the US, Brazil, Korea and Russia. Also, industry trends and developments like increase in the short term car rental by the household segment, introduction of the electric and hybrid vehicles in the rental fleet and opaque rentals are discussed in detail. By combining SPSS Inc.´s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. 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.
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