The dynamic and complex business of car rental
started with simplified renting car on per day basis at fixed base charges plus over and above per mile charge. Soon
hertz stepped into the market to change the face and fate of car rental
industry. Now car rental is a fully fledged package consisting of combination
of pickup and drop location, car type, rental period and even refueling option.
Car rental industry is segmented on the basis of location, types of vehicle,
market size, regions and many more. Car
rental Market Research Reports that Emerging
trends, technical advancements and industrialization has helped to expand the
dynamism of car rental industry therefore influencing them to lower their
carbon print, to go eco- friendly, introducing digitization, green and
autonomous vehicle splendid techniques to protect from theft and most
importantly has introduced with self driving ideology instead of hiring the
driver which ultimately made end consumer more satisfied.
NEW
TECHNOLOGIES THAT CAME INTO MARKET ARE:
Ø Green technologies: Universal concern over pollution and global warming became the
driving force for introducing hybrid rental cars that were highly fuel
efficient and cost effective. Being easy on wallet and reducing global emission
Hertz Toyota prius hybrid rental car became the prominent leader in hybrid
category.
Ø Electric Vehicle: Fully electric vehicle is
relatively more reliable and greener alternative to ordinary cars working on
combustion engine. Therefore millions of dollars is spent by Orlando, Florida
which is the most popular tourist destination and UK government to improve electric
vehicles infrastructure
Ø Black Box: They capture rudimentary information prior to accident. They
record vehicle speeds and successfully helps automakers and government to
design safer vehicles.
Ø Biometrics: biometric is used across rental car collection points to protect
the cars against theft. This technique is most used in Europe due to its high
theft rate which collects the traceable records to track down criminals.
Ø Electronic fuel Metering: this technology is primarily used
by market leaders such as hertz to measure the amount of fuel customer has
while leaving and when they return. If there would be any discrepancy it would
easily be detected.
Ø Smart phone technology: Automated rental technology that is use of mobile apps to hire
rental cars are available 24/7 for the service of customer just a click away.
Moreover inbuilt GPS system track rental car nearest to their current location.
This function is available to more than 2000 location worldwide. Thus leaving
no stone unturned to add value to customers.
Car
rental Industry Analysis reports with increase in
consumption and technology of car rental, the industry is anticipated to continue
to grow through 2021. Car rental industries contribute significantly to reduce
pollution level in the environment. Rise in the disposable income of developed
countries such as North America, Europe, Asia- Pacific made them the major
leader is continuously striving to equip themselves with all new technologies
to acquire each and every customer in the market. The onset of technical
gadgets is predicted to increase competition among the market players such as
Hertz Corporation, Uber Technologies Inc, Alamo and many more. At the end of
the day consumers are satisfied with the change in technologies in car rental
industries marking the success of car rental industry.
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more information, click on the link below:
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Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
0124-4230204
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