The market players have been witnessed to place a greater emphasis on off-airport market segment in the country as it helps the companies to expand to diverse locations with lower staff requirement. The revenues for off-airport segment market have also been advancing owing to the increasing demand as it provides the facilities of pick and drop services apart from also dealing in replacement and leasing rentals. The segment is also estimated to grow at a rapid pace due to the huge development of Spanish High Speed Railway Station known as AVE in more places of the country after 2013, which will strengthen the demand for rented cars in the nearby areas of the station, in turn expanding the car rental business of the country in future.
The future prospects of the car rental market in Spain seems favorable with rising international and domestic tourism in the country and expanding off-airport rental locations for the convenience of vacationers and corporate people. Additionally, the substantial growth of carpooling business is expected to strengthen the industry outlook in Spain in the next five years.
According to research report, “Spain Car Rental Industry Analysis to 2017: Driven by Short term Online Car Rental Bookings”, Spain car rental market is estimated to grow at a CAGR of 2.64% over the period of 2012-2017, on account of significant growth in off-airport market, escalation in the demand for short term car rentals majorly for business purposes by Spanish people which will bolster the market in future.
The provides detailed overview on Spain 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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