The report covers various aspects such as overall market size of Romania 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 Romania 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 Romania. The report also covers the competitive landscape of the industry and comprehensive profile of leading players (Autonom Services SRL, Hertz Corp, The, Avis Budget Group Inc, Enterprise Holdings, Inc, Sixt AG, Europcar Groupe SA, Bavaria rent SRL) operating in the market. The report concludes with future outlook and projections of Romania 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 Romania.
2018 | Romania News
- Increasing demand of rental cars by domestic and foreign tourists and huge growth of online car bookings will majorly account for the growth of Romania car rental market in upcoming years.
- Increasing preference of renting a car over public transport and increasing demand from working age population will majorly account for the growth of Romania car rental market in upcoming years.
Romania car rental market is expected to grow at a CAGR of 3-4% during the forecasted period 2018-2022. Car rental market in Romania is made up of both large foreign companies and local companies. The touristic season in summer has resulted in an increase in the number of cars rented by Romanian citizens or foreigners traveling to the country for tourism purposes. It is anticipated that smaller operators in car rental market are expected to cover smaller cities and tourist destinations, which will pull prices down and lead to lower value growth than what was registered during the review period. Public transport in Romania, such as buses and trains, will continue to be negatively affected by underdevelopment over the forecast period. Low investment over the years in railways and bus transportation is expected to have a positive impact on car rental market in the near future.
The increasing number of foreign tourists and economic growth will attract more business executives which represent the major source of growth of car rental over the forecast period. Meanwhile, the poor road conditions in areas of tourist attractions will remain a threat to performance over the forecast period. Online booking of car rental is expected to rise at a CAGR of around 6% at constant 2017 prices over the forecast period. It is will be observed that online bookings will capture market share from the offline channel, which is expected to grow at a CAGR of 2% at constant 2017 prices over the forecast period. Online sales will continue to benefit from the penetration of mobile phones, which will push players into launching their own apps and making websites more mobile-friendly. Car rental services provided by the airlines and intermediaries will also contribute to growth over the forecast period.
Internet and Smartphone users in Romania, increasing international inbound arrivals and domestic tourists and growing working population in Romania 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, Romania 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 increasing penetration of ride sharing platforms such as Uber and improvement in operational efficiencies of large scale players in the industry.
Key Topics Covered in the Report
Car rental in Romania
Value Chain Analysis Romania Car Rental Market
Romania car rental market size
Romania Cab Aggregators Revenue
Major Players in Romania Car Rental Market
Car Rental Companies in Romania
Competition in Romania Car Rental Market
Romania Self Driving Car Market Revenue
Non Chauffer Rental Car Market Romania
Romania Car Rental Market Future Growth
Autonom Services SRL Car Rentals Market Share
Avis Budget Group Inc Fleet Size
Hertz Corp, The Revenue from Car Rental
Enterprise Holdings, Inc competitors
Future of Romania Car Rental Market
Upcoming Trends in Car Rental Market Romania
Market share leading companies Romania Cab Aggregators
Leisure Car Rental Market Romania
Growth Romania Bike Rental Industry
Romania Cab Sharing Market
Ride Sharing Market Romania
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Ankur Gupta, Head Marketing