Key Trends in Car Rental, 2021 Update - Analysing Key Market Trends, Opportunities, Challenges, ESG and Disruptor Technologies
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Key Trends in Car Rental, 2021 Update - Analysing Key Market Trends, Opportunities, Challenges, ESG and Disruptor Technologies
Summary
This key trends reports focuses on global car rental industry, honing in on 60 major markets across the world. This report will provide comprehensive data insights on and analysis of key market trends, disruptors in the sector and some of the strategies developed by car rental companies during the COVID-19 pandemic.
2020 was one of the most challenging years for the car rental industry since the financial recession in 2008. The COVID-19 pandemic wiped approximately US$50 billion off the total market value as countries across all six continents tackled the virus, imposed lockdowns and introduced social distancing measures. The car rental industry needed to adapt quickly by changing operational strategy, implementing safety protocols and more rigorous sanitation methods. These changes have resulted in less face-to-face contact between customer and supplier, accelerating online booking trends globally. The financial impact of the pandemic on these businesses cannot be underestimated, with many top car rental firms reporting significant drops in revenue, typically reporting 40% drops or more.
This report will look at the key trends in the car rental industry, performance in 2020, taking a deep analytical dive into the opportunities and threats to the sector. Furthermore, this report will analyze key themes in the industry, and disruptor technologies which are so often the catalyst for significant industry change.
Scope
- GlobalDatas Key Trends Report "Key Trends in Car Rental", looks at the different types of car rental products, current key trends within the industry, business models and strategies and the impact of COVID-19. In addition this report includes case studies, new product developments, and challenges and opportunities within this space.
Reasons to Buy
- Gain an insight into the car rental industries leading players.
- Understand how they have adapted to the threat of COVID-19
- Understand the key traveler types car rental companies can look to attract
- Look at the key product developments and why they appeal
- Gain a detailed understanding of the key trends, issues and chellenges facing car rental operators
Summary
This key trends reports focuses on global car rental industry, honing in on 60 major markets across the world. This report will provide comprehensive data insights on and analysis of key market trends, disruptors in the sector and some of the strategies developed by car rental companies during the COVID-19 pandemic.
2020 was one of the most challenging years for the car rental industry since the financial recession in 2008. The COVID-19 pandemic wiped approximately US$50 billion off the total market value as countries across all six continents tackled the virus, imposed lockdowns and introduced social distancing measures. The car rental industry needed to adapt quickly by changing operational strategy, implementing safety protocols and more rigorous sanitation methods. These changes have resulted in less face-to-face contact between customer and supplier, accelerating online booking trends globally. The financial impact of the pandemic on these businesses cannot be underestimated, with many top car rental firms reporting significant drops in revenue, typically reporting 40% drops or more.
This report will look at the key trends in the car rental industry, performance in 2020, taking a deep analytical dive into the opportunities and threats to the sector. Furthermore, this report will analyze key themes in the industry, and disruptor technologies which are so often the catalyst for significant industry change.
Scope
- GlobalDatas Key Trends Report "Key Trends in Car Rental", looks at the different types of car rental products, current key trends within the industry, business models and strategies and the impact of COVID-19. In addition this report includes case studies, new product developments, and challenges and opportunities within this space.
Reasons to Buy
- Gain an insight into the car rental industries leading players.
- Understand how they have adapted to the threat of COVID-19
- Understand the key traveler types car rental companies can look to attract
- Look at the key product developments and why they appeal
- Gain a detailed understanding of the key trends, issues and chellenges facing car rental operators
TABLE OF CONTENTS
Snapshot
Market Snapshot
Product Overview
Key Themes Impacting the Car Rental Industry
Key Market Trends Influenced by COVID 19
Market Trends
Operational Changes
Financial strategies used to tackle the pandemic
Key Market Trends
Pickups Airport and Non Airport
Continental Markets
Online Sales Will Continue to dominate the market
ESG Environmental, Social and Governance
Technology is Driving Change
Changing Business Models
Disruptors
Ride Sharing
Peerto Peer Car Rental
Company Case Studies
Enterprise The Worlds Leading Car Rental Company
Hertz Rising from Bankruptcy
M&A
Overview
SIXT Acquires 10 new locations from failing Advantage
Challenges and Opportunities
Challenges
Opportunities
Appendix
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