Competition Scenario In Japan Car Rental Market
Japan Car Rental Market is in the growing stage, being driven by the increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration, rising population and increasing demand from tourists for business and leisure purposes hiring rental cars. The Car Rental Industry in Japan is moderately consolidated with many players in the market and some key players such as Toyota Rent-a-Car, Nippon Rent-a-Car, Orix Rent-a-Car, Times Car Rental and Nissan Rent-a-Car.
What Is The Expected Future Outlook For The Overall Japan Car Rental Market Across The Globe?
The Japan Car Rental market was valued at USD ~billion in 2022P and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022P-2027F. Number of car rented is expected to grow at ~% in the forecasted period of 2022P-2027F in Japan. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Japan Car Rental market is driven by high internet penetration in the country, adoption of advance technologies, favorable government initiatives, emergence of new players and influx of foreign investments. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
The rise in domestic and international tourism across the country is likely to act as a catalyst for the Japan Car Rental Market. Domestic spending made up to ~% of all tourism spending in 2021. Due tourism industries, there is a significant increase in demand for Car Rental Services, which will lead to significant growth of the Japanese Car Rental Industry.
Increasing internet and smartphone penetration across the country is expected to drive the Car Rental Market in Japan further. The increased usage of mobile applications has resulted in the growth of online car rental reservations. This rise in the overall internet and smartphone usage is supposed to help boost the Japanese Car Rental Industry.
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Key Segments Covered
Japan Car Rental Market:
By Market Structure
- Organized market
- Unorganized market
By Type of Vehicles
- Small Cars/ Hatchbacks
- Sedans
- SUVs
- Others
By ICE/EV
- ICE (Internal Combustion Engine)
- Electric Vehicles
By Region
- Central
- South
- North
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By Mode of Booking
- Online
- Offline
By Client
- Business
- Leisure
By Pick-up
- Off- Airport
- On-Airport
Key Target Audience
- Car Rental Service Providers
- Car Rental Companies aiming to establish in the Japan
- Japan automotive industries
- Government Bodies & Regulating Authorities
- Venture Capitalist targeting the car rental market
- Automotive industry association
- Car Manufacturers
- Existing Car Rental Companies
- OEM Dealerships
- New Market Entrants
- Investors
- Car Rental Associations
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
Companies Covered:
- Toyota Rent-a-Car
- Nippon Rent-a-Car
- Orix Rent-a-Car
- Times Car Rental
- Nissan Rent-a-Car
- Smile Rental Car
- NicoNico Rent a Car
- JR Rent-a-Car
- Sky Rent-a-Car
Key Topics Covered in the Report
- Executive Summary
- Country Overview of the Japan
- Overview and Genesis of Car Rental Market in Japan
- Ecosystem of Japan Car Rental Market
- Business Cycle of Japan Car Rental Market
- Timeline of Major Players of Japan Car Rental Market
- Value Chain Analysis of Japan Car Rental Market
- Market Segmentations of Car Rental Market in Japan
- Snapshots on different Car Rental Markets in Japan
- SWOT Analysis of Japan Car Rental Market
- Growth Drivers of Japan Car Rental Market
- Government regulations of Japan Car Rental Market
- Trends and Developments of Japan Car Rental Market
- Challenges of Japan Car Rental Market
- End User Analysis of Car Rental Market in Japan
- Competitive Analysis of Car Rental Market in Japan
- Future Outlook and Projections of Car Rental Market in Japan
- Analyst Recommendations
- Research Methodology
For more insights on the market intelligence, refer to the link below: –
Japan Car Rental Market Outlook to 2027F: Ken Research
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