The concept
of driverless vehicles seems to be new and it certainly feels novel, it was
first thought of in the 1920s with Mercedes Benz actually taking up the project
in 1980s. The recent developments have achieved greater recognitions and it
entering various industry segments like logistics, aviation and even car
rental. With the introduction of the driverless vehicles, it is shall not be
about removing the need for people behind the wheel but rather people who shall
keep the vehicle up and running in top notch conditions. Witnessing car rental
companies entering this new segment, one thing that cannot be shadowed is the
need for partnerships and acquisitions to create the best automotive system
with billions of dollars on the line. Market
Research Reports for Car rental reveals that this industry could grow
at an approximate CAGR of 47.8% till 2030, globally.
Car rental
industry is just another segment that is on the verge of disruption with the
introduction of autonomous or driverless vehicles and hence car rental, rather
being turned into dust is willing to adapt to this new phenomenon. Most of the
recent developments in this market are focused on developing the technology but
car rental companies could have significant role to play as driverless cars
move forward. There are endless benefits to this technology. The one very
prominent being improvements in prevention of accidents and mishaps associated
with car rentals. Foreign tourists, business travelers hire a vehicle straight
from the airport. Many who do so are unaware of the travelling conditions like
roads, weather or even the driving norms. This makes them susceptible to make
mistakes. From driving on the wrong side of highway to crashing vehicles in bad
conditions, various cases have been reported and Car
rental Industry Research Report suggests that 90% of the car accidents are caused by human
error. Driverless vehicles do not require a human behind the wheel and hence
mitigates this risk involved with car rental market. Another benefit that the
user reaps is he or she shall have the liberty to focus their attention on more
important matters rather than worrying about controlling the wheel. From
enjoying the scenic beauty that travelers wish to witness or prepare for a
meeting that business travelers have come for. Transportation of children,
elderly, or the disabled could become easy without having to worry about the
person behind the wheel. We could witness a decrease in the green house gas
emissions due to regular upkeep and proper driving technique.
US car
rental giants have already started to blend with this new technology. Many have
started to partner with technology giants and are ready to roll out the
driverless car concept in the car rental industry. Two high profile
partnerships came into picture. Google’s Waymo entered into partnership with US
car rental giant Avis for storing and maintaining autonomous vehicles while
Apple’s self driving Lexuses have been linked to Hertz (US). Enterprise
holdings, one of the market leaders in car rental market have partnered with a
small startup Voyage involving a deal of just 12 cars.
Rental car
companies are not known for their innovation but they are certainly poised to
deploy this technology and bring a dramatic shift in the car rental market. With
each major company partnering with technology giants, they wish to improve efficiency
and effectiveness in order to appeal their customers. Driverless cars will happen to car rental without any special investment
from companies. It will just be an option when the vehicle is purchased, the
same way that GPS is now and ultimately prove to be an inevitable change in the
future.
For more information, click on the link below:
Contact Us:-
Ken Research
Ankur Gupta, Head
Marketing & Communications
0124-4230204
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