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Car Rental in
Venezuela

Country Report

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Executive Summary

Sep 2018
PROSPECTS
Car rental in Venezuela is hit by the drop in car sales and spare parts

Car rental companies are decommissioning some vehicles in order to use the parts which are otherwise unavailable, thereby reducing their fleet sizes or enduring fleet inoperability due to maintenance issues. This is forcing companies to deal with smaller fleets, leading to a decline in transactions.

The competitive landscape remains fragmented in 2018

Car rental in Venezuela is characterised by the existence of five medium/large companies with nationwide stores, and many small independent companies. The total number of operators fell in 2018.

Internet transactions remain low in 2018

Internet sales account for a marginal value share of car rental in Venezuela. Among the larger brands, Hertz, Unirent and ACO Rent A Car have internet platforms which supply quotes and facilitate bookings and payments.

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Car Rental (Destination) in Venezuela

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Overview

Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Venezuela with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Car Rental industry in Venezuela, our research will save you time and money while empowering you to make informed, profitable decisions.

The Car Rental in Venezuela market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth  
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Car Rental in Venezuela?
  • What are the major brands in Venezuela?
  • Is there a shift from airport car rental to non-airport?
  • Is leisure car rental outpacing business car rental?
  • Is insurance replacement recession-resistant?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Travel And Tourism market research database.

Car Rental (Destination) in Venezuela - Category analysis

HEADLINES

PROSPECTS

Car rental in Venezuela is hit by the drop in car sales and spare parts
The competitive landscape remains fragmented in 2018
Internet transactions remain low in 2018

CATEGORY DATA

Table 1 Car Rental Sales: Value 2013-2018
Table 2 Car Rental Online Sales: Value 2013-2018
Table 3 Structure of Car Rental Market 2013-2018
Table 4 Car Rental NBO Company Shares: % Value 2014-2018
Table 5 Car Rental Brands by Key Performance Indicators 2018
Table 6 Forecast Car Rental Sales: Value 2018-2023
Table 7 Forecast Car Rental Online Sales: Value 2018-2023

Travel in Venezuela - Industry Overview

EXECUTIVE SUMMARY

Hyperinflation impacts the travel industry
Online sales increase but are still slow
Airlines leave the country
“Risk tourism” – a new trend in Venezuela?
Travel to continue on a downward volume trend due to economic recession

SWOT

Summary 1 Destination Venezuela: SWOT

MARKET DATA

Table 8 Annual Leave: Volume 2013-2018
Table 9 Travellers by Age: Number of People 2013-2018
Table 10 Seasonality: Number of People 2013-2018
Table 11 Leisure Outbound Demographics: Number of Trips 2013-2018
Table 12 Other Transport Sales: Value 2013-2018
Table 13 Other Transport Online Sales: Value 2013-2018
Table 14 Forecast Other Transport Sales: Value 2018-2023
Table 15 Forecast Other Transport Online Sales: Value 2018-2023
Table 16 Activities: Value 2013-2018
Table 17 Forecast Activities: Value 2018-2023

SOURCES

Summary 2 Research Sources