2021 Automobile Rental And Leasing Market Size, Growth, Drivers, Trends And Forecast
The Automobile Rental And Leasing Global Market Report 2020-30 by The Business Research Company describes and explains the global automobile rental and leasing market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Automobile Rental And Leasing Global Market Opportunities And Strategies Report covers automobile rental and leasing market drivers, automobile rental and leasing market trends, automobile rental and leasing market segments, automobile rental and leasing market growth rate, automobile rental and leasing market major players, and automobile rental and leasing market size.
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The automobile rental and leasing market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Automobile Rental And Leasing Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Big Data In Automotive Equipment Leasing-
Automotive equipment leasing companies are using technologies such as big data to improve customer service and increase vehicle life. Big data is large amounts of data that can be analyzed to gain insights and drive decision making. Big data would allow the leasing company to remind the driver to book a car for its service or replace engine oil. This technology could also help leasing companies in minimizing driver risk and prevent the number of accidents, by giving the companies insights about the driving habits and whereabouts of its fleet. Companies such as Lex Autolease have been increasingly using big data to drive cost reduction and risk mitigation.
IoT In Car Rental And Leasing-
The Internet of things technology is widely being used by car rental and leasing companies in the maintenance and management of fleets. Internet of things is a network of internet connected objects or devices able to collect and exchange data using embedded sensors. Using IoT technology, car leasing companies are able to access odometer and diagnostic trouble codes (DTCs) in real time that facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually. Further, virtual key solutions for locking and unlocking of doors help avoid management of a large number of physical keys. For example, car rental firm Hertz is implementing IoT technology to provide keyless car rental services and manage its fleet to reduce costs.
The market is segmented:
- a) Passenger Car Rental
- b) Passenger Car Leasing
- c) Truck, Utility Trailer, And Recreational Vehicle Rental And Leasing
By Type Of Mode-
- a) Online
- b) Offline
By Type Of Lease-
- a) Open
- b) Close
By End Use-
- a) Individual
- b) Corporate
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