Wednesday, January 10, 2018

Increasing Prominence of Cab Sharing Market and App-Based Bookings in China will majorly drive the Car Rental Market during 2018-2022: Ken Research

The report covers various aspects such as overall market size of China 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 China 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 China. The report also covers the competitive landscape of the industry and comprehensive profile of leading players (CAR Inc, EHi Car Services Ltd, Beijing Shouqi Group Corp, Avis Budget Group Inc, Shenzhen TopOne Car Rental Co Ltd, Shanghai Bashi Industrial (Group) Co Ltd, Yongda Group, Shanghai Jinjiang Holdings Co Ltd) operating in the market. The report concludes with future outlook and projections of China 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 China.
Increasing demand from corporate, increasing domestic and international tourism and growing demand for car sharing will majorly account for the growth of China car rental market in upcoming years.
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 China car rental market in upcoming years.
Ken Research in its latest study, China 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 growing demand for app based bookings and increasing mergers & acquisitions in the market.
China car rental market is expected to witness robust growth in line with growing competition in the market and introduction of new diversified business models. Traditional car rental companies have been entering into new markets such as car sharing and providing time-sharing car rental with flexibility for customers. Owing to fast development of the internet and innovations, more opportunities have appeared for new category entrants. P2P car rental, clean-tech car rental and time-sharing car rental all have made the car rental market more appealing and new small & medium scale players are seeking to enter the industry. New players and business models to some extent pose a threat to traditional car rental players which has resulted in many companies to switch from offline bookings to online bookings.
Increasing demand from working age population and increasing expansion of tourism and travel industry will further account for the growth of China car rental market in upcoming years. Online booking transaction value of car rental is projected to record significant growth over the forecast period, with sales set to rise at a 20% CAGR at constant 2017 prices. The market will be boosted by ever-maturing online booking systems and improved customer experience due to ease of use and convenience. Companies like CAR and eHi Car Services are predicted to continue to lead their positions within the category, underpinned by their well-recognized brands and continuously expanding fleets. Increasing spending power, ban on vehicles and growing mergers & acquisitions in the market will aid the overall market growth in upcoming years. Moreover, it is anticipated that up gradation in technology to deliver better service experience, flexibility and security to the customer will attract more customers to online car rental market in China.
Internet and Smartphone users in China, increasing international inbound arrivals and domestic tourists and growing working population in China are some other key factors that may have positive impact on the market, according to the Analyst at Ken Research.
Key Topics Covered in the Report
Avis Budget Group Inc Competitors
Beijing Shouqi Group Corp Revenue
Car rental Industry China
Car Rentals Market Share
China Bike Rental Industry Growth
Ride Sharing Market China Outlook
Car Rental Companies in China
eHi Car Services Ltd Inc Fleet Size
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Turkey Cold Chain Market is expected to Reach USD 887 Million by 2021: Ken Research

Turkey Cold Chain Market by Type (Cold Storage and Cold Transport), by Product Type (Bakery, Confectionary, Milk and Dairy Products, Meat and Seafood, Vaccines & Pharmaceutical, Fruits and Vegetables, Chemicals and Others), by Type of Cold Storage (Rented and Owned), by Size of Cold Storage Warehouse (Large, Medium, Small), by Technology of Cold Storage (Conventional and Modern), by Mode of Cold Transportation (Land, Air and Sea), by Delivery Type (Normal and Express), by Type of Cold Transport Fleet (Owned and Rented), By Type of Cold Transport Service (Domestic and International), Company Profile of Major Players (Polar Express, Yusen Logistics Turkey, Havi Logistics, Ekol Turkey, EMD, Emran Logistics)

Turkey’s cold chain industry is set to soar as demand for chilled and frozen food surges across the country.

The growth of Turkey’s cold chain market in the long run will be supported by the building up of new infrastructure and expansion of existing companies into the eastern region of the country.

The confectionary, ice-cream and frozen food industry in the country is anticipated to grow exponentially during the next five years which will further enhance the demand for cold storage and transport facilities.

Turkey has a huge advantage because of its geographical position in the Mediterranean region. The country is an important link between the European and Asian continent. Increase in trade between these continents will directly affect growth of the cold chain sector in the country in a positive manner. Growth in revenues of the cold transport market in the short run will be primarily because of the increasing number of supermarkets, food service establishments and other outlets in the country. In the long run, infrastructural development in the country will support the cold chain industry.  The total road network as of 2017 in Turkey is around 66,774 kilometer; by 2035 the government plans to build 4,130 km of new motorways which will significantly increase the reach and penetration of the cold chain industry all over the country. Considering the current demand several new cold storage warehousing facilities are expected to come up in Turkey over the period 2018-2022. This is likely to provide significant boost to the cold chain warehousing market of Turkey.

Several new technological advancements; both in the sector of cold storage and cold transport will make their way in to the market in the near future. EDI (Electronic Data Interchange), drones, RFID (Radio Frequency Identification), robots and lithium-ion (Li-ion) power cells have revolutionary applications in the cold chain industry. Global acceptance of these technologies will make it imperative for the Turkish industry to upgrade itself which will further increase the efficiency and healthy competition in the industry.

Ken Research in its latest study, Turkey Cold Chain Market by Cold Storage and Transport, by Product Type (Bakery, Confectionary, Dairy, Meat & Sea Food, Vaccines & Pharmaceutical, Fruits & Vegetables, Chemicals) - Outlook to 2022, suggests that Polar Express, Yusen Logistics and Havi Logistics will continue to lead the market. The Turkey Cold Chain Industry is estimated to register a positive CAGR of 7.3% during FY’2018-FY’2022. The increase in number of supermarkets, changing consumption habits of Turkish population and increase in trade with Europe and Asia will prosper the demand for cold chain services in the coming years.

Key Topics Covered in the Report:
Turkey Cold Chain Market
Cold Storage Market in Turkey
Cold Transportation Industry Turkey
Number of Temperature Controlled Fleets Turkey
Investment Cold Storage Warehouses Turkey
Cold Storage Capacity Turkey
Growth in Cold Transportation Turkey
Cold Storage Practices Turkey
Modern Cold Storages Turkey
Conventional Cold Storage Turkey
Turkey Cold Storage Market
Turkey Cold Transport Market
Trends Cold Chain Turkey
Turkey Third Party Logistics Market
Logistics Infrastructure Turkey
Cold Storage Value Chain Turkey
Temperature controlled Warehousing Capacity Turkey
Growth Drivers Cold Chain Turkey
Medium Cold Storage Warehouses Turkey
Pallets Cold Storage Turkey
Rented Temperature Controlled Warehouse Turkey
Third Party Cold Chain Logistics Turkey
Cold Chain SWOT Turkey
Competition Turkey Cold Chain Market
Turkey Cold Chain Future Forecast
Polar Express Cold Chain Logistics Turkey
Yusen Logistics Turkey Cold Storage Warehouses
Havi Logistics Turkey Cold Transport

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/turkey-cold-chain-market/142326-100.html

Related Reports by Ken Research
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/qatar-logistics-warehousing-market-report/87939-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-logistics-market-report/77655-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-report-2020-version/7988-100.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing
Ankur@kenresearch.com

+91-9015378249
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China Car Rental Market was led by Boom in Domestic Tourism and Increasing Popularity of Self-Drive Trips: Ken Research

Rising levels of household disposable income in China, expanding customer group for car rental services and the diversification of services provided by car rental firms have been major growth drivers of China car rental market during the review period.
The report titled “China 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” by Ken Research suggested that growing demand for cab sharing, short term car rental and bike rental services will majorly account for the overall revenue growth of China car rental market in next 5 years till 2022.
Car rental industry in China was emerged during 1990 when the Asian Games was held in Beijing and since then the industry has revolutionized with time. During the review period, it was witnessed that car rental market in China is majorly dominated by organized players, with top seven companies in the market accounting for 83% of the overall market share during 2017. The overall car rental market is fragmented with the presence of large number of small scale players in the industry. The short-term car rental market is still in an early stage of development as of 2017 and the category is fragmented with the presence of various small, medium and large players. The Chinese government’s regulation on limiting the number of vehicles has greatly increased demand for car rentals in the country. For top-tier cities, local governments have issued various policies to restrict the increase in the number of vehicles by limiting the issuing of new vehicle plates, and also by restricting non-local vehicle plates to limited entry areas and time periods.
The car rental market in China witnessed major mergers and acquisitions in the industry which has further aided to its growth. For instance, Beijing Shouqi Car Rental Service formed a strategic partnership with Reocar Holding Limited by purchasing 40% of its shares in early 2016; in August 2016, Uber China merged with Didi Chuxing. Leading car rental players have developed their own mobile apps and websites which resulted in market shift from traditional & offline mode of bookings to online car booking in the country. Online bookings recorded robust growth towards the end of the review period (2016-2017) due to convenience and timesaving for the customers. The demand for car rental in China is further boosted from corporate and individual customers in China. Insurance companies and automobile dealers also have a growing demand for car rentals as replacements for customers when cars are under repair. Increasing penetration of Smartphone, growing demand for car sharing and car pooling will majorly drive the car rental market China in upcoming years.
Key Topics Covered in the Report
Car rental Industry China
Value Chain Analysis China Car Rental Market
China Car Rental Market Size
China Cab Aggregators Revenue
Major Players in China Car Rental Market
Car Rental Companies in China
Competition in China Car Rental Market
China Self Driving Car Market Revenue
Non Chauffer Rental Car Market China
China Car Rental Market Future Growth
CAR Inc Car Rentals Market Share
eHi Car Services Ltd Inc Fleet Size
Beijing Shouqi Group Corp Revenue
Avis Budget Group Inc Competitors
Trends in Car Rental Market China
China Cab Aggregators Market Share
China Bike Rental Industry Growth
China Cab Sharing Market Outlook
Ride Sharing Market China Outlook
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Tuesday, January 9, 2018

Australia Car Rental Market Outlook to 2022: Ken Research

The report titled “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” provides a comprehensive analysis of the car rental market in Australia. 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.
Australia Car Rental Market
During the period 2012-2017, Australia car rental market grew at a CAGR of ~% in terms of transaction value and ~% in terms of fleet size. There are several factors that influenced the growth of car rental market in a country such as rate of tourist arrivals, number of business travelers, traffic congestion and other factors. In terms of transaction value, the car rental market augmented positively from USD ~ million during 2012 to USD ~ million during 2017. The tourist arrivals to the country positively influenced the car rental market to a large extent. Airport pick-up and drop accounted for major revenue generating source for car rental services in Australia owing to the increased arrival of tourists. Australia witnessed an increase in inbound arrival, growing from ~ million trips to the country during 2012 to ~ million during 2017. The industry witnessed overall increase in fleet size owing to growing competition, increasing demand and increasing market penetration across various cities in the country. Increasing competition in the market has raised the quality of services offered by car rental companies in the country which has attracted more number of customers. The gradual up gradation of technology in the country has increased the accessibility to service. The rising penetration of internet and Smartphone has enabled the major players in the market to facilitate online comparison of the services offered by car rental companies and the customers can book the most suitable option using internet and Smartphone.
Australia Car Rental Market Segmentation
By Market Structure: In terms of revenues, the car rental market is dominated by organized players which accounted for a share of ~% (USD ~ million) during 2017. The organized players in the Australia car rental market dominate in terms of fleet size as they are abundant in the most demanded rental locations namely, Sydney, Melbourne, Brisbane and others. The major factors that supported the domination of organized market are rental charges, accessibility, reliability, quality of services, popularity, online booking and similar other factors. The unorganized market accounted for a share of ~% (USD ~ million) during 2017.
By Trips: In terms of transaction value, leisure clients dominated the car rental market during 2017 which accounted for ~% (USD ~ million) of the transaction value during 2017. Australia has increasingly witnessed inbound tourism for leisure purpose majorly from Asian countries. Increasing number of tourism marketing campaigns increased number of promotions using social media has further aided the leisure segment. Trips for business purpose accounted for a share of ~% (USD ~ million) during 2017 as it is major hub for corporates. Car rental companies majorly tie up with companies to attract more corporate clients and earn higher revenues.
By Mode of Booking: Online car booking has dominated as the mode of booking which has accounted for a share of ~% (USD ~ million) during 2017. Online booking has dominated the market owing to increasing number of tourists, tour packages, ease and convenience of booking online, number of companies offering online and mobile app booking services, rising smart phone penetration and others. Offline booking accounted for a share of ~% (USD ~ million) during 2017 which majorly includes booking through phone calls, SMS and by directly approaching a car rental company (face to face).
By Car Type: Hatchbacks have dominated the car rental market with a share of ~% (USD ~ million) in terms of transaction value during 2017 due to economic price and likability of travelers. Sedan and SUV accounted for a share of ~% (USD ~ million) and ~% (USD ~ million) respectively, during 2017. The customers for the SUV car segment represent big corporate, luxury hotels and the high income tourists.
 Australia Cab Aggregator Market
Increased demand for an external transport services in the country has led to the entry of cab aggregators in the country. Australia has witnessed increasing number of inbound tourism which has resulted in increasing prominence of the cab aggregator or the taxi services in the country. The cab aggregators have positioned themselves in the market by promoting the advances in the services offered by them in comparison to the car rental companies and other local taxis in terms of price, age of the cars, hospitality and others. The entry of cab aggregators in the market has augmented the competition among the taxi services especially in terms of price. The cab aggregator market in Australia has augmented from USD ~ billion during 2012 to USD ~ billion during 2017 at a CAGR of ~% during the period. Leading players in the cab aggregator market in Australia include Uber, GoCatch, and Ingogo.
Australia Car Sharing Market
Car sharing market in Australia is majorly dominated by organized players in the market providing varied services including online bookings, short duration travel, door to door pick up and drop and others. Increasing convenience and cost saving have majorly contributed to the growth of car sharing market in Australia in recent years. Car sharing companies in Australia have been majorly targeting independent travelers who seek more flexibility in their travel plans and offer the service at a lower cost than what daily car rental services offer. Moreover, rising demand for cost-efficient and convenient inner-city transport has driven industry revenue growth over the years. With the increasing urbanization and advances in mobile technology, the car sharing market has flourished in Australia in recent years. Major players in the industry include GoGet, Hertz and GreenShareCar.
Future Outlook of Australia Car Rental Market
Australia car rental market is poised to grow at a moderate growth rate in the upcoming years owing to growing number of inbound tourists, increasing fleet size, growing competition in the market and increasing demand from working population. During the forecasted period, car rental companies are expected to increasingly provide car-sharing services and upgrade their IT platforms to handle information more accurately and faster, to deliver better service experience, flexibility and security to the customer. Other services such as bike rental services by car rental companies, car pooling and car sharing will gain prominence and the market for car rental will grow at a positive growth rate in upcoming years. It is anticipated that online as a mode of booking will dominate the car rental market accounting for a share of ~% during 2022. The overall car rental market will grow from USD ~ million during 2018 to USD ~ million during 2022 at a CAGR of ~% during the forecasted period.
Key Topics Covered in the Report
Avis Australia Car Rentals Market Share
International domestic tourism Australia
Tourism Holdings Ltd competitors
Car Rental Companies in Australia
Car rental Market in Australia
Ride Sharing Market Australia
Australia car rental market size
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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