Vehicle Rental Market Size In 2022 is estimated to grow at a modest CAGR| Latest Trend, Competitors

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Aug 03, 2022 (The Expresswire) — “Vehicle Rental Market” 2022: – Report focus on and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications and etc. Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc. Industry chain, manufacturing process, cost structure, marketing channel are also analyzed in this report. Vehicle Rental market report covers the many growth prospect over the approaching years. Likewise, it studies market new product analysis, strategies, financial overview and trends.

The growing concern and awareness of lower emissions have mostly led to the increase in vehicle rental options, where car rental and carpooling significantly help reduce the number of cars on the road. Brazil has been witnessing an increase in tourism, resulting in the growth of the car rental market. The passenger cars and light commercial vehicles occupy the major chunk of the rental market. Also, car rental also provides the option of increased mobility without paying the costs associated with car ownership. The vehicle rental services are offered via websites and through other online platforms, thereby boosting the growth of the vehicle rental market. However, increased operational costs have hindered the growth of the market.

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Company Coverage: –

– Locamerica

– Unidas

– Localiza

– Movida

– Avis Budget

– Enterprise Group

– Ouro Verde

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Market Players Competitor Analysis:

Instability in Brazilian Economic is Hindering the Market Growth

The market is expected to register a weaker growth rate owing to the present economic instability (primarily inflation), coupled with the decrease in the demand dynamics of the market. The fleet market in Brazil has undergone particular challenges in the recent past due to the tentative economic landscape in the country. The strategy of the government in 2013 to stimulate consumption through a tax reduction temporarily caused a significant extent of depreciation in the value of pre-owned cars, making the purchase of new vehicles easier. This had a strong impact on the fleet management business and car rental markets, where the fleet management companies witnessed their assets losing value, forcing them to reduce their charges for the vehicles.

The automotive industry is a significant segment of the Brazilian economy. With a population of 209 million people, Brazil is considered the largest fleet market in South America. The Brazilian automotive market dwindled by 12% in 2016. The idle manufacturing capacity for the automotive industry is around 40-45%. The consumer confidence in Brazil has been very low, ever since 2008. Recent studies have stated that Brazilian people have the money to buy, but are fearful of losing their jobs and are therefore scared of spending money.

Key Developments in the Market

• December 2017: Cia Lease of the Americas is a Brazilian rental car firm announced a tie-up with rival Unidas SA to create Brazil’s second-largest car rental company.

• March 2017: Cia Lease of the Americas acquired smaller rival Auto Ricci SA. Cia Lease of the Americas has acquired the 33.7% stake in Ricci for approximately USD 16 million


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Reasons to Purchase this Report:

● To examine the increased usage of Vehicle Rental in Industry that affect the global market scenario ● Analyze various perspectives of the market with the help of Porter’s five forces analysis ● To know the modality and application that are expected to dominate the market ● To know the regions that are expected to witness fastest growth during the forecast period ● Identify the latest developments, market shares, and strategies employed by major market players

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● This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

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Regional Analysis: –

– North America

– Asia-Pacific

– Europe

– South America

– Africa

Some Major Points from TOC: –

1. Introduction
1.1 Research Methodology
1.2 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Market Overview and Technology Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of the Suppliers
4.3.2 Bargaining Power of the Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1 Drivers
5.1.1 Strong Domestic Leisure and Increase in International Tourism
5.1.2 Increase in Passenger Flow at Airports
5.2 Restraints
5.2.1 Low Percentage of Paved Roads
5.3 Opportunities
5.3.1 Expansion of Fleet Management Services
6. Brazil Vehicle Rental Market, By Application
6.1 Leisure/Tourism
6.2 Business
6.3 Others
7. Brazil Vehicle Rental Market, By Booking
7.1 Online
7.2 Offline
8. Brazil Vehicle Rental Market, By Vehicle Type
8.1 Passenger Vehicles
8.2 Commercial Vehicles
9. Brazil Vehicle Rental Market, By Usage
9.1 Self-Driven Vehicles
9.2 Fleet Operator-Driven Vehicles
9.3 Other
10. Brazil Vehicle Rental Market, By End-User
10.1 Fleet Operator
10.2 Tour Operator
11. Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis
12. Company Profiles
12.1 Locamerica
12.2 Unidas
12.3 Localiza
12.4 Movida
12.5 Avis Budget
12.6 Enterprise Group
12.7 Ouro Verde
13. Future Outlook of the market
14. DisclaimerAAAA

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