Country Report

Car Rental in

Car Rental in China

12 pages, Sep 2017

US$990

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Executive Summary

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TRENDS

The Chinese government’s regulations on limiting the number of vehicles has greatly increased demand for car rentals. Particularly for top-tier cities, local governments have issued various policies to restrict the increase in the number of vehicles by limiting the issuing of new vehicle plates, and also by restricting non-local vehicle plates to limited entry areas and time periods. The boom in domestic tourism and the ever-increasing popularity of self-drive trips are also driving growth of car rentals.

PROSPECTS

Car rental is expected to continue with robust growth due to strong demand from consumers, increasing at a CAGR of 10% at constant 2017 prices over the forecast period. In general, business car rental was still dominant compared with leisure car rental as at the end of the review period; however, leisure car rental is predicted to record the strongest performance over the forecast period. Leisure car rental is set to grow at a CAGR of 15% at constant 2017 prices, while business car rental is set to grow at a CAGR of 13%. CAR and eHi Car Services are predicted to reinforce their leading positions within the category, underpinned by their well-recognised brands and continuously expanding fleets. Online car hailing player Didi Chuxing is cooperating with eHi Car Services and traditional car rental players to further expand its network and to fully integrate its online and offline businesses.

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Car Rental Sample Report Car Rental Sample Data

Overview

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.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in China 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 China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Car Rental in China 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 China?
What are the major brands in China?
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.

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