PRLog - Jan. 16, 2014 - PITAM PURA, India -- Car rental industry in Italy has showcased variations in its growth in the past seven years from 2006-2012. The country’s car rental market is estimated to grow at a noteworthy rate over the period of 2012-2017, strengthened by improving economic scenario, growing off-airport car rental market and increasing business and leisure trips by Italian people as well as the inbound tourists in the country. Rising number of tourist visits from different parts of European region as well as from other parts of the globe will intensify the market for car rental business in the country. Carpooling and non-airport segment of the industry will be the major growth areas for the car rental companies in Italy in the coming few years. The car sharing market is anticipated to grow at a high rate in the next five years from 2013-2017.
Italy Car Rental Cover Page
The car sharing market in the region is expected to showcase considerable growth in the coming five years. Despite some recent legal challenges to peer to peer car sharing, a variety of sharing options are expected to emerge, which will make it easier for the travelers to avoid taxis, traditional car rentals and car ownership.
The passenger car fleet size in Italy is estimated to reach ~ in 2017 as compared to ~ in 2012, with the increasing number of domestic and inbound travelers in next five years from 2013-2017. The fleet size of rented passenger cars is projected to grow at a CAGR of 4.57% over the period 2012-2017.
It is expected that by 2017, Italy car sharing market would grow at a rapid pace owing to enhanced integration with third party mobility solution suppliers as well as surging partnerships with cooperatives, facilitating immense car sharing facilities among neighborhood communities.
According to research report, “Italy Car Rental Industry Analysis to 2017: Increasing Growth in Off-airport Segment”, Italy car rental market is estimated to grow at a CAGR of 5.67% over the period of 2012-2017, because of the significant change in the economic conditions, higher growth in car pooling, inclining growth of on-airport segment due to rising number of international travelers and off-airport rentals due to geographic expansion in the cities of Italy, which will expand the overall car rental business in the country in the future.
The report provides detailed overview on Italy car rental industry and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, car rental companies to align their market centric strategies according to ongoing and expected trends in the future.
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