Key Trends in Car Rental, 2021 Update – Analysing Key Market Trends, Opportunities, Challenges, ESG and Disruptor Technologies

Summary

This key trends reports focuses on global car rental industry, honing in on 60 major markets across the world. This report will provide comprehensive data insights on and analysis of key market trends, disruptors in the sector and some of the strategies developed by car rental companies during the COVID-19 pandemic.

2020 was one of the most challenging years for the car rental industry since the financial recession in 2008. The COVID-19 pandemic wiped approximately US$50 billion off the total market value as countries across all six continents tackled the virus, imposed lockdowns and introduced social distancing measures. The car rental industry needed to adapt quickly by changing operational strategy, implementing safety protocols and more rigorous sanitation methods. These changes have resulted in less face-to-face contact between customer and supplier, accelerating online booking trends globally. The financial impact of the pandemic on these businesses cannot be underestimated, with many top car rental firms reporting significant drops in revenue, typically reporting 40% drops or more.

This report will look at the key trends in the car rental industry, performance in 2020, taking a deep analytical dive into the opportunities and threats to the sector. Furthermore, this report will analyze key themes in the industry, and disruptor technologies which are so often the catalyst for significant industry change.

Scope

– GlobalData’s Key Trends Report “Key Trends in Car Rental”, looks at the different types of car rental products, current key trends within the industry, business models and strategies and the impact of COVID-19. In addition this report includes case studies, new product developments, and challenges and opportunities within this space.

Reasons to Buy

– Gain an insight into the car rental industries leading players.
– Understand how they have adapted to the threat of COVID-19
– Understand the key traveler types car rental companies can look to attract
– Look at the key product developments and why they appeal
– Gain a detailed understanding of the key trends, issues and chellenges facing car rental operators