The expansion of car-hailing and ride-sharing apps globally, such as Grab and Go-Jek, has reduced the need for tourists travelling in Singapore to rent cars. This is prevalent especially when car-hailing apps are going regional, allowing consumers to use the apps in multiple countries.
Despite the pessimistic growth forecasts for car rental in Singapore, global brands are still maintaining a strong foothold in the local industry. This is due to their resources, which allow them to be parked at Singapore’s Changi Airport, providing easy accessibility for tourists coming into Singapore.
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Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Singapore with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.