The report
covers various aspects such as overall market size of Australia car rental, cab
aggregator, self driven car and car sharing in terms of transaction value,
segmentation on the basis of market structure (organized and unorganized
sector), by mode of booking (online and offline), by clients (leisure and
business), by pick-ups (airport and off-airport), by car type (hatchback, sedan
and SUV) and by major regions. The report also covers trends and developments,
issues and challenges, regulatory scenario and SWOT analysis of Australia car
rental market. The report covers snapshot and business models of cab aggregator
market, self driven car, car sharing, car pooling/ride sharing and bike
aggregator market in Australia. The report also covers the competitive
landscape of the industry and comprehensive profile of leading players (Avis
Australia Car Rentals, Hertz Investment (Holdings) Pty Limited, Europcar Asia
Pacific, Tourism Holdings Ltd, Uber, GoCatch, Ingogo, GoGet, Flexicar,
GreenShareCar) operating in the market. The report concludes with future
outlook and projections of Australia car rental market, major macroeconomic
indicators and upcoming trends affecting the market have also been highlighted
in the report. The report also serves competitive scenario for each market
which exists in car rental industry to get an in-depth understanding of car
rental sector in Australia.
Increasing prominence of IT platforms,
increasing number of players in car rental industry and growth of inbound
arrivals will majorly account for the growth of Australia car rental market in
upcoming years.
It is expected that online distribution
channel for car rental services will account for around 81% of the total
transaction value by 2022.
Australian car rental industry is expected to
grow at a moderate growth rate during the forecasted period on the back of
strong tourist flows, growth of free independent travelers and huge
opportunities in cab sharing services. The car rental industry in the country
has huge opportunities from inbound tourism from Asian countries. Increasing
partnerships with Asian airlines & tour operators and marketing their
presence across Asian countries are likely to positively affect the car rental
industry in Australia. During the forecasted period, car rental companies are
expected to increasingly provide car-sharing services in their offering and
upgrade their IT platforms to handle information more accurately and faster, to
deliver better service experience, flexibility and security to the customer.
The launch of app based cab services from the end of cab aggregators, have
induced the car rental companies in the country to launch their own apps
compatible with both iOS and Android, through which the trip booking and
payments have been made more convenient.
With the growth of online intermediaries in
the market, the car rental businesses have been increasingly focusing on the
growth of offline channels as well. Car rental companies have been aiming to
shift from outdated global distribution systems towards more flexible models,
which would allow for more price and capacity flexibility. The car rental
companies are also expected to increase the number of fleets as to meet the
increased demand from the international and domestic tourists. The car sharing
companies have newly introduced ride sharing services and bike rental services
which have been gaining prominence owing to cheaper hourly charges. The demand
for these services is increasing in the country and the revenue from these
services is anticipated to grow at a higher rate which will aid the revenues of
car rental companies in the long term.
Internet and Smartphone users in Australia,
increasing international inbound arrivals and domestic tourists and growing
working population in Australia are some other key factors that may have
positive impact on the market, according to the Analyst at Ken Research.
Ken Research in its latest study, Australia
Car Rental Market by Market Structure (Organized and Unorganized Sector), by
Mode of Booking (Online and Offline), by Clients (Leisure and Business), by
Pick-Ups (Airport and Off-Airport), by Car Type (Hatchback, Sedan and SUV) and
by Major Regions - Outlook to 2022, suggests that demand for car rental
in the country will grow at a positive growth rate owing to growth in tourism
industry coupled with companies focusing on increasing their fleet size.
Key Topics
Covered in the Report
Car Rental Market in Australia
Value Chain Analysis Australia Car Rental
Market
Australia Car Rental Market Size
Australia Cab Aggregators’ Revenue
Major Players in Australia Car Rental Market
Car Rental Companies in Australia
Competition in Australia Car Rental Market
Australia Self Driving Car Market Revenue
Non Chauffer Rental Car Market Australia
Australia Car Rental Market Future Growth
Avis Australia Car Rentals Market Share
Hertz Investment (Holdings) Pty Limited Fleet
Size
Europcar Asia Pacific Revenue from Car Rental
Tourism Holdings Ltd Competitors
Future of Australia Car Rental Market
Upcoming Trends in Car Rental Market Australia
Market Share Leading Companies Australia Cab
Aggregators
International Domestic Tourism Australia
Growth Australia Bike Rental Industry
Australia Cab Sharing Market
Ride Sharing Market Australia
For more
information on the research report, refer to below link:
Related
Reports by Ken Research
Contact Us:
Ken Research
Ankur Gupta, Head Marketing
+91-124-4230204
