Car Rentals Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Car Rentals category?

Are you looking for answers on Car Rentals category?

  • What are the key trends in Car Rentals category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Car Rentals industry?
  • How is Car Rentals industry performing?

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Report Coverage

  • Global Market Outlook
  • Growth Drivers and Constraints – Car Rental Services
  • Cost Structure of Car Renting Companies
  • Preferred Souring Model

Table of Contents

  1. Executive Summary
  2. Global Car Rental Market
  3. Impact of COVID-19 on Global Car Rental Market
  1. Market Analysis
  2. Market Maturity and Trends
  3. Drivers and Constraints
  4. Regional Market Outlook
  5. Porter’s Five Forces Analysis
  1. Cost Structure
  2. Contracting Structure
  3. Preferred Pricing Model
  1. Cost and Pricing Analysis
  2. Activated Carbon Industry Analysis
  3. Porters Analysis - Activated Carbon
  4. Activated Carbon Market - Drivers and Constraints Competitor Landscape
  1. Procurement Best Practices
  2. Sourcing Best Practices
  1. Negotiation Support Levers
  2. Negotiation Levers
  3. Service Level Agreements

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North America and Europe are high mature markets and contributes to more than 75 percent of the global car rental service’s revenue.

Growth Drivers and Constraints

Car rental services have benefited from business travellers, owing to their wide availability across countries and presence in airports. However,
COVID-19 has pushed the users to shift their preference towards private vehicles.

Porter’s Five Forces Analysis

Supplier Power

  • The car rental industry has witnessed a huge drop in revenue, owing to COVID-19
  • Suppliers are looking at ways to operate the business with minimal profits
  • Supplier power has dropped, with global companies looking to offer discounts and coupons to increase rentals days

Barriers to new entrants

  • A new entrant would have to make a high investment in resources, especially in technology, to ensure customer service is par with the industry
  • Low profit margin, due to stiff competition in the industry, is another important dissuading factor for new entrants

Intensity of Rivalry

  • The highly consolidated nature of the market combined with the similarity of service portfolios intensifies the rivalry in the market
  • Car rental companies strive to overcome low differentiation by providing value-added services, like technological gadgets

Buyer Power

  • Downtrend in adoption, low revenue and rental days has enabled better negotiation power to buyer
  • The corporate buyers are looking to engage with car rental companies for monthly rentals at discounted rates

Threat of Substitutes

  • Shared mobility is an alternative to renting a car, but the feasibility is low for long distance travel
  • Adoption of technology, such as usage of video conferencing in the stead of travel, is also an alternative
  • However, the threat of substitutes is low–moderate, fear among consumers is high due to the impact of the pandemic

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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Complimentary 12-month access to Beroe LiVE

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COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)