PUBLISHER: Lucintel | PRODUCT CODE: 1154060
PUBLISHER: Lucintel | PRODUCT CODE: 1154060
Airport Car Rental Market Trends and Forecast
The future of the global airport car rental industry looks promising with opportunities in business and leisure travel segments. The global airport car rental industry is expected to reach an estimated $63.4 billion by 2027 with a CAGR of 6.1% from 2021 to 2027. The major drivers for this market are increasing in air travel, rising increased volume of domestic and inbound tourists, and rising level of disposable income.
Emerging Trends in the Airport Car Rental Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing adaptation of electric vehicle and integration of IoT to provide value added services, such as booking, passenger safety, and assistance.
A total of 127 figures / charts and 97 tables are provided in this 200 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of airport car rental market report; please download the report brochure.
Airport Car Rental Market by Segments
Lucintel forecasts that leisure travelers will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global airport car rental market by customer type, booking type, vehicle type, transmission, and region, as follows:
Airport Car Rental Market by Customer Type [$B Shipment analysis from 2016 to 2027]
Airport Car Rental Market by Booking Type [$B Shipment analysis from 2016 to 2027]
Airport Car Rental Market by Vehicle Type [$B Shipment analysis from 2016 to 2027]
Airport Car Rental Market by Transmission Type [$B Shipment analysis from 2016 to 2027]
Airport Car Rental Market by Region [$B Shipment analysis from 2016 to 2027]
List of Airport Car Rental Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies airport car rental companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the airport car rental companies profiled in this report includes.
Airport Car Rental Market Insights
Features of the Global Airport Car Rental Market
FAQ
Q1. What is the airport car rental market size?
Answer: The global airport car rental market is expected to reach an estimated $63.4 billion by 2027.
Q2. What is the growth forecast for airport car rental market?
Answer: The airport car rental market is expected to grow at a CAGR of 6.1% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the airport car rental market?
Answer: The major drivers for this market are increasing in air travel, rising increased volume of domestic and inbound tourists, and rising level of disposable income.
Q4. What are the major traveler types or end use industries for airport car rental?
Answer: Leisure travel is the major segment by traveler type for airport car rental.
Q5. What are the emerging trends in airport car rental market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing adaptation of electric vehicle and integration of IoT to provide value added services, such as booking, passenger safety, and assistance.
Q6. Who are the key airport car rental companies?
Answer: Some of the key airport car rental companies are as follows:
Q7. Which airport car rental customer type segment will be the largest in future?
Answer: Lucintel forecasts that leisure customer will remain the largest market by customer type and it is also expected to witness the highest growth during the forecast period due to the rise in air travel and increasing domestic tourism.
Q8 : In airport car rental market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region mainly due to an increase in the volume of inbound and outbound tourists and expansion in the distribution network in suburban or under served areas. Asia Pacific is expected to witness the highest growth over the forecast period due to the increasing air passenger traffic, rising disposable income, and construction of new airports. The market is moving towards consolidation as big players are acquiring small players to increase their market share.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.