Cover Image
Market Research Report

Case Study: How Car Rental Companies Attempt to Achieve Growth

Published by GlobalData Product code 907815
Published Content info 14 Pages
Delivery time: 1-2 business days
Price
Back to Top
Case Study: How Car Rental Companies Attempt to Achieve Growth
Published: August 9, 2019 Content info: 14 Pages
Description

This case study provides a snapshot of the global car rental market and looks at how the leading market players are expanding. It provides case studies on a number of different strategies including acquisition, fleet expansion, and partnerships.

This case study looks at how leading car rental companies like Enterprise, Hertz, and Europcar and looking to expand. It analyzes their current startegies, providing detail on what they are doing, the rationale for this activity, and potential pitfalls.

Scope

  • Three companies represent 95% of the US$30bn car rental market in the US: Enterprise (Enterprise, National, Alamo), Hertz (Hertz, Dollar, Thrifty) and Avis (Avis, Budget, Payless).
  • M&A is the most impactful growth strategy, it is a direct method to increase market share. Partnerships and fleet expansion are implemented as a way of creating differentiation.
  • The car rental industry is in a transformational period. A change in consumer trends and ridesharing services have created significant disruption for traditional rental companies.
  • Major companies either now have to introduce their own car sharing services to maintain market share, such as Enterprise's Car Club, or, adopt other proactive strategies such as realigning fleet sizes with actual demand, a method adopted by Hertz and Avis.

Reasons to buy

  • Understand the dynamics of the global car rental market
  • Gain an understanding of different growth strategies including: M&A, partnerships, fleet expansion and new technologies.
  • Look at real-world company case studies involving the likes of Avis Budget, Enterprise, and Hertz.
Table of Contents
Product Code: GDTT0195MI

Table of Contents

  • Overview
  • Expansion in the car rental sector: Snapshot
  • Acquisition: Europcar
  • Fleet expansion: Enterprise
  • Partnership: Hertz
  • Enhancing mobile app experience: Avis
  • National companies affiliating with multi-nationals and vice-versa: Localiza & Hertz
  • Themes
  • References
  • About the author
Back to Top