Country Report

Car Rental in

Car Rental in Venezuela

12 pages, Sep 2017

US$990

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Executive Summary

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TRENDS

Car rental in Venezuela faced exceptional constraints regarding the availability of new cars in 2017, as a result of the monopoly on foreign exchange managed by the government. The seven car assembly companies continued to be unable to access the foreign exchange needed to purchase parts that would be assembled in Venezuela. Several companies closed in the country during the review period, after running out of stocks of parts.

PROSPECTS

Car rental is projected to see a negative value CAGR of 20% at constant 2017 prices over the forecast period, with no improvement expected in terms of the availability of new vehicles. The adverse environment is expected to force the closure of approximately 10% of car rental outlets and stagnate the market during the forecast period. Exchange controls will be to blame for the paralysis of the vehicle and car parts industry. As long as restrictions on the access to foreign exchange remain in place, the market will continue to suffer as a result of the recession in the car industry.

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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 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.

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