Inclination in the growth of internet subscribers, preference for car-sharing
and a rise in international tourist arrivals will lead to future growth.
New Delhi: 01/08/2013- Germany car rental industry has been
undergoing a revolutionary change with the increase in car-sharing and online
car renting, which are expected to drive the future of the industry. With an
inclination in the construction of road networks and expansion in number of
international tourist visits to Germany, the demand of cars for renting purpose
would increase, thereby increasing the growth potential of car rental industry
of Germany in future.
Carpooling and non-airport segment of the industry will be
the major growth areas for the car rental companies in the Germany in the
coming few years. The car sharing market in the country is anticipated to grow
at a CAGR of 15.8% by members over the period 2013-2017. It is expected that by
2017, Germany’s car sharing market would grow at a rapid pace due to enhanced
integration with third party mobility solution suppliers as well as surging
partnerships with cooperatives, facilitating immense car sharing facilities
among neighborhood communities.
In Germany, a pilot project has been started by the
semiconductor manufacturer Infineon to replace regular pool vehicles with a
corporate car sharing system. Corporate car sharing among employees is a more
economical solution than company cars in regard to administration, travel and
running expenses and maintenance. Thus, overall the car sharing market in the country
is expected to showcase considerable growth in the coming five years. Despite
some recent legal challenges to peer to peer car sharing, the range of sharing
options is growing, as it makes easier for the travelers to skip taxis,
traditional car rentals and car ownership.
According to research report, “Germany Car Rental Market Outlook to 2017: Car Pooling and Online
Bookings to Drive Future Growth, Germany car rental market is estimated to
grow at a CAGR of 4.17% over the period 2013-2017 because of recovery in the
economy, growing off-airport car rental market and increasing business and
leisure trips by German people. With an inclination in the construction of road
networks and expansion in number of international tourist visits to Germany,
the demand of cars for renting purpose would increase, thereby increasing the
growth of car rental industry of Germany in future.
It is expected that by 2017, Germany’s car off-airport market
would grow at a rapid pace due to the expansion of rental services to the
suburban areas of Germany and aggressive geographic expansion plans by the
major companies to open offices in off-airport locations, thus making it
convenient for the travelers to rent a car near their place.
The report
provides detailed overview on the Germany car rental market in India and aids
readers to identify the ongoing trends in the industry and anticipated growth
in future depending upon changing industry dynamics in coming years. The report
will help industry consultants, car rental companies to align their market
centric strategies according to ongoing and expected trends in the future.
For more information on
the industry research report please refer to the below mentioned link:
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