Car Sharing Market Will Majorly Drive Growth of Australia Car Rental Market during 2018-2022: Ken Research

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The report covers various aspects such as overall market size of Australia car rental, cab aggregator, self driven car and car sharing in terms of transaction value, segmentation on the basis of market structure (organized and unorganized sector), by mode of booking (online and offline), by clients (leisure and business), by pick-ups (airport and off-airport), by car type (hatchback, sedan and SUV) and by major regions. The report also covers trends and developments, issues and challenges, regulatory scenario and SWOT analysis of Australia car rental market. The report covers snapshot and business models of cab aggregator market, self driven car, car sharing, car pooling/ride sharing and bike aggregator market in Australia. The report also covers the competitive landscape of the industry and comprehensive profile of leading players (Avis Australia Car Rentals, Hertz Investment (Holdings) Pty Limited, Europcar Asia Pacific, Tourism Holdings Ltd, Uber, GoCatch, Ingogo, GoGet, Flexicar, GreenShareCar) operating in the market. The report concludes with future outlook and projections of Australia car rental market, major macroeconomic indicators and upcoming trends affecting the market have also been highlighted in the report. The report also serves competitive scenario for each market which exists in car rental industry to get an in-depth understanding of car rental sector in Australia.

Increasing prominence of IT platforms, increasing number of players in car rental industry and growth of inbound arrivals will majorly account for the growth of Australia car rental market in upcoming years.

It is expected that online distribution channel for car rental services will account for around 81% of the total transaction value by 2022.

Australian car rental industry is expected to grow at a moderate growth rate during the forecasted period on the back of strong tourist flows, growth of free independent travelers and huge opportunities in cab sharing services. The car rental industry in the country has huge opportunities from inbound tourism from Asian countries. Increasing partnerships with Asian airlines & tour operators and marketing their presence across Asian countries are likely to positively affect the car rental industry in Australia. During the forecasted period, car rental companies are expected to increasingly provide car-sharing services in their offering and upgrade their IT platforms to handle information more accurately and faster, to deliver better service experience, flexibility and security to the customer. The launch of app based cab services from the end of cab aggregators, have induced the car rental companies in the country to launch their own apps compatible with both iOS and Android, through which the trip booking and payments have been made more convenient.

With the growth of online intermediaries in the market, the car rental businesses have been increasingly focusing on the growth of offline channels as well. Car rental companies have been aiming to shift from outdated global distribution systems towards more flexible models, which would allow for more price and capacity flexibility. The car rental companies are also expected to increase the number of fleets as to meet the increased demand from the international and domestic tourists. The car sharing companies have newly introduced ride sharing services and bike rental services which have been gaining prominence owing to cheaper hourly charges. The demand for these services is increasing in the country and the revenue from these services is anticipated to grow at a higher rate which will aid the revenues of car rental companies in the long term.

Internet and Smartphone users in Australia, increasing international inbound arrivals and domestic tourists and growing working population in Australia are some other key factors that may have positive impact on the market, according to the Analyst at Ken Research.

Ken Research in its latest study, Australia Car Rental Market by Market Structure (Organized and Unorganized Sector), by Mode of Booking (Online and Offline), by Clients (Leisure and Business), by Pick-Ups (Airport and Off-Airport), by Car Type (Hatchback, Sedan and SUV) and by Major Regions – Outlook to 2022, suggests that demand for car rental in the country will grow at a positive growth rate owing to growth in tourism industry coupled with companies focusing on increasing their fleet size.

Key Topics Covered in the Report

Car Rental Market in Australia

Value Chain Analysis Australia Car Rental Market

Australia Car Rental Market Size

Australia Cab Aggregators’ Revenue

Major Players in Australia Car Rental Market

Car Rental Companies in Australia

Competition in Australia Car Rental Market

Australia Self Driving Car Market Revenue

Non Chauffer Rental Car Market Australia

Australia Car Rental Market Future Growth

Avis Australia Car Rentals Market Share

Hertz Investment (Holdings) Pty Limited Fleet Size

Europcar Asia Pacific Revenue from Car Rental

Tourism Holdings Ltd Competitors

Future of Australia Car Rental Market

Upcoming Trends in Car Rental Market Australia

Market Share Leading Companies Australia Cab Aggregators

International Domestic Tourism Australia

Growth Australia Bike Rental Industry

Australia Cab Sharing Market

Ride Sharing Market Australia

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/australia-car-rental-market/142320-100.html

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Ken Research

Ankur Gupta, Head Marketing

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