The report covers various aspects such as overall market size of Netherlands 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 Netherlands 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 Netherlands. The report also covers the competitive landscape of the industry and comprehensive profile of leading players (Express Sp zoo Spk, Avis Budget Group Inc, Hertz Corp, The, Sixt AG, Europcar Groupe SA, D’Ieteren SA) operating in the market. The report concludes with future outlook and projections of Netherlands 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 Netherlands.
- Increasing demand from working age population and increasing expansion of tourism and travel industry will majorly account for the growth of Netherlands car rental market in upcoming years.
- The growth of car rental market will be influenced by the increase in the frequency of air travel, increase in the travel expenditure on account of improvement in the economic conditions and rising number of foreign visitors in Netherlands.
The positive outlook for the Dutch economy over the forecast period will boost the category of car rental as a whole. Both business and leisure car rental segments are likely to see positive development over the forecast period, as business travel is set to grow as a result of increased economic activity and leisure car rental will increase as a result of growth of both inbound and domestic travel. Over the forecast period, there is likely to be a further increase in the activities of emerging alternatives in the car rental market. For instance, growing popularity of car-sharing schemes is expected to aid the growth of car rental market in the country. Further, customers in the country are increasingly using services such as Uber as an alternative to car rental. Travelers have become accustomed to using these services and this might lead to higher growth for cab aggregators in near future.
New markets for inbound tourism can be an opportunity within the category of car rental. For instance, tourists for leisure purpose generally travel by bus however to experience authentic Dutch culture and lifestyles tourist might be persuaded to choose a rental car, as this allows them to have more freedom. It is anticipated that compared to offline sales, the online channel will post relatively strong single-digit growth over the forecast period but average growth will be lower than it was during the review period, as booking online has gained in maturity in Netherlands. Majority of growth for the online channel will come from large car rental companies, as the growth of online bookings for car rental from small companies will be limited. It is highly likely that the people who are willing to book online, or even on their mobile, are also likely to be interested in modern alternatives to car rental, such as car-sharing schemes and services such as Uber.
Internet and Smartphone users in Netherlands, increasing international inbound arrivals and domestic tourists and growing working population in Netherlands 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, Netherlands 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 growing demand for car sharing and ride sharing services in the country.
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Ankur Gupta, Head Marketing