Automotive Industry: France Car Rental Industry Research Report

Leaning consumer expenditure on car renting for leisure trips would be the major growth drivers for France Car rental Industry.
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pitam pura - Delhi - India

PITAM PURA, India - Jan. 14, 2014 - PRLog -- Vacations and tours majorly determine the revenues of the leisure segment of the car rentals. The leisure rentals are generally booked for a longer duration and generate higher revenue per transaction than travel for business rental purposes. The revenues of the leisure car rentals in the country are highly affected by events affecting airline industry such as disturbances in air travel patterns resulting from capacity reductions, pricing inclination, harsh weather conditions and others. The segment has grown at an average annual growth rate of 1.91% over the period of 2006-2012. The leisure segment of the market is projected to achieve revenues of USD ~ million in 2015 as compared to USD ~ million in 2012, with a rise in the number of international travelers in the country. The market in the next 5 years is expected to achieve revenues worth USD ~ million till 2017 and is estimated to grow at an average annual growth rate of 8.15%, over the period of 2012-2017.

The concept of e-booking or online booking of rental cars has provided the travelers an advantage to plan and book their cars in much quicker and easier way. In addition, travelers have the advantage to evaluate the alternatives before booking the rental cars online. Online car renting is expected to grow further which in turn will reduce the contribution of station renting significantly. The contribution of online booking to the overall car rental market in France was noted to be 4.34% in 2006 which showcased a substantial year-on-year growth reaching to ~% in 2012.

The trend of car sharing in France has brought a variety of social and environmental benefits for members, non-members and the community as a whole, by reducing the dependence of travelers on private automobiles. It has also resulted in lowering of the emissions of greenhouse gases by persuading people to drive less.

According to research report, “France Car Rental Industry Analysis to 2017: Impelled by Rising Leisure Travel”, France car rental market is estimated to grow at a CAGR of 5.62% over the period of 2012-2017, because of economic revival, growing car sharing business and increasing corporate and leisure trips by French people. With an inclination in the construction of road networks and expansion in the number of international tourist visits to France, the demand of cars for renting purpose would increase, thereby increasing the growth of car rental industry of France in future.

On-airport segment of the market is projected to achieve USD ~ million in 2015 growing from USD ~ million in 2012, owing to the increasing frequency of air travel and number of inbound travelers in the country. Rising preferences of longer duration vacations and growth of medical tourism in the country will also encourage the proceeds from this segment.

The report provides detailed overview on France 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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Ankur Gupta
Source:Ken Resaerch
Tags:France Car Rental, Car Rental Research
Location:pitam pura - Delhi - India
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