The global car rental market size is expected to reach USD 103.09 billion by 2022, according to a new report by Grand View Research, Inc. Increasing number of air travelers across the globe is expected to drive the car rental market growth over the forecast period. Service companies rent out vehicles to customers for a specific chargeable period. These companies are often organized across a range of local branches primarily near airports or busy city areas in order to facilitate customers to return the vehicle at a location of their convenience. Contemporary car rental services are largely complemented by websites and smartphone applications, which make provision for online reservations. Changes in customer preferences due to fast penetration of smartphones coupled with fast internet access through affordable 3G and 4G LTE services are one of the key factors responsible for industry growth.
http://www.grandviewresearch.com/industry-analysis/car-rental-market-analysis-market
No comments:
Post a Comment