Total Visitors Using Car Rental Services Propelling The Growth Of The Us Car Rental Market

The constant increases in the number of overseas travelers has not only influenced

the growth of the US on airport car rental users but also have directly influenced the operations of the US car rental industry. The total overseas visitors using car rental has grown from 6,547 thousand in 2005 to 7,962 thousand in 2010. The overseas visitors using car rental declined in 2009 to 6,913 thousand due to economic recession which has led them to postpone their traveling plan, however, the number of overseas visitors recuperated in 2010.

Similar trend has been witnessed with number of domestic visitors using car rental services in the US. The domestic visitors declined in 2009 to 16,843 thousand from 17,738 thousand in 2008. However, number recovered to 18,402 thousand in 2010.

The report titled The US Car Rental Market Outlook to 2015 Evolving Travelers Profile provides a comprehensive analysis on various aspects of car rental industry such as market size of overall car rental industry, on-airport and off-airport segment, online car rental segment on the basis of revenue and cars in services, market segmentation, competitive landscape of the major players operating in the country. The report also entails the SWOT analysis of major car rental players in the US.

The future projections are presented along with the cause and effect relationship between the market and several industry and macro-economic indicators providing an insight on the prospects in the US car rental market.

The car rental market in the US is a mature market which was valued at USD ~ million with ~ million cars in service in 2010. The market has consolidated over the period with a wave of several mergers and acquisitions which has strengthened the position of few players and has created complexities for the new entrants due to high initial costs and reduced economies of scale. The US car rental market is predominantly dependent on the behavior of the travelers. Total visitors using car rental services has risen from ~ thousand in 2005 to ~ thousand in 2010 propelling the growth of the US car rental market.

For more information please refer to the below mentioned link:

http://ammindpower.com/report.php?A=229

by: AM Mindpower Solutions

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