Market Overview:
The global car rental software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for car rental services and the growing trend of using mobile apps for booking car rentals. In addition, the increasing adoption of cloud-based solutions is also contributing to the growth of this market. However, factors such as data security concerns and lack of standardization are restraining the growth of this market. The global car rental software market can be segmented on the basis of type into mobile app-based and web-based solutions. The mobile app-based solution segment is expected to grow at a higher CAGR than that for web-based solutions during the forecast period from 2018 to 2030 owing to its advantages such as easy accessibility, convenience, and user friendliness. On the basis of application,the global car rental software market can be divided into two segments:car rental service providersand others (including fleet management companies, taxi operators etc.).Thi s segmen tis expec tedtog rowat ac agr o f 11 .1 % du ringth eforecastp eriod .
Product Definition:
A car rental software is a computer application that enables car rental businesses to manage their reservations, bookings and customers. It can also help track the rentals and payments made on each vehicle. Car rental software can automate many of the tasks involved in renting out cars, such as calculating prices, issuing invoices and tracking late fees.
Mobile App:
Mobile app is software which can be downloaded on to a mobile phone or tablet. It helps in providing various facilities such as online reservations, payment processing, and access to loyalty programs. The global car rental industry has witnessed significant growth over the past few years owing to increasing disposable income of individuals across the world coupled with rising travel and tourism activities. This has resulted in increased demand for car rental services which further propels the growth of mobile application market globally.
Web-based:
The global web-based and it's usage in car rental software market size was valued at USD 1,19,853.0 thousand in 2015. The increasing demand for mobility services is expected to propel the industry growth over the forecast period. In addition, growing internet penetration coupled with high smartphone adoption rate is anticipated to drive industry growth over the next seven years.
Application Insights:
The car rental service segment dominated the global market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing demand for on-demand transportation services in major cities across the globe. Moreover, companies are expanding their brands by entering into new markets and establishing joint ventures with local players to expand their presence globally. For instance, last year Turo expanded its brand name into Malaysia by forming a partnership with Meru Travel Malaysia Berhad., which provides car rental services under the brand name of ¢â‚¬ËœTuro¢â‚¬â„¢s Meru Cars Malaysia. Similarly, UBER has entered into a partnership with Avis Budget Group Inc., providing cars for rent through UBER Rent via budget*com and amaysim mobile apps in Thailand only.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to increasing investments by companies for developing innovative technologies and mobile apps for car rental services, thereby creating new avenues for revenue generation. Moreover, presence of prominent players such as Avis Budget Group; Enterprise Rent-a-Car; Hertz Global Holdings, Inc.; and SIX Financial Corporation are also contributing towards regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing number of automobile users in countries such as China and India who prefer car rental services due to lack of vehicle ownership or high purchasing cost associated with them. Furthermore, growing tourism sector across these countries has ledto an increase in demand from various application segments including corporate hiring service providers offering fleet management solutions along with individual travelers lookingfor on-demand transportation solution at affordable costs rather than buying cars or opting for expensive cab fares etcetera).
Growth Factors:
- Increasing demand for car rental services owing to the rise in tourism and travel activities.
- Proliferation of online car rental booking platforms that offer convenience and affordability to customers.
- Growing number of startups in the car rental space that are offering innovative services and discounts to lure customers.
- Rising popularity of shared mobility services such as ride-sharing and carpooling, which is leading to a decline in private vehicle ownership rates worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Rental Software Market Research Report
By Type
Mobile App, Web-based
By Application
Car Rental Service, Others
By Companies
Easy Rent Pro, HQ Car Rental, Navotar, Barsnet (Bluebird Auto Rental Systems), Rent Centric, Ecalypse, MotoUse, Fleetlet, OTO rent
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Car Rental Software Market Report Segments:
The global Car Rental Software market is segmented on the basis of:
Types
Mobile App, Web-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car Rental Service, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Easy Rent Pro
- HQ Car Rental
- Navotar
- Barsnet (Bluebird Auto Rental Systems)
- Rent Centric
- Ecalypse
- MotoUse
- Fleetlet
- OTO rent
Highlights of The Car Rental Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mobile App
- Web-based
- By Application:
- Car Rental Service
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Car Rental Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Car rental software is a computer application that helps car rental companies manage their fleets and book rentals. It can also help customers search for, compare, and book rentals.
Some of the major companies in the car rental software market are Easy Rent Pro, HQ Car Rental, Navotar, Barsnet (Bluebird Auto Rental Systems), Rent Centric, Ecalypse, MotoUse, Fleetlet, OTO rent.
The car rental software market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Rental Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Car Rental Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Rental Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Car Rental Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Car Rental Software Market Size & Forecast, 2020-2028
4.5.1 Car Rental Software Market Size and Y-o-Y Growth
4.5.2 Car Rental Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mobile App
5.2.2 Web-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Car Rental Service
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Rental Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Car Rental Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mobile App
9.6.2 Web-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Car Rental Service
9.10.2 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mobile App
10.6.2 Web-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Car Rental Service
10.10.2 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mobile App
11.6.2 Web-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Car Rental Service
11.10.2 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mobile App
12.6.2 Web-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Car Rental Service
12.10.2 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mobile App
13.6.2 Web-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Car Rental Service
13.10.2 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Car Rental Software Market: Competitive Dashboard
14.2 Global Car Rental Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Easy Rent Pro
14.3.2 HQ Car Rental
14.3.3 Navotar
14.3.4 Barsnet (Bluebird Auto Rental Systems)
14.3.5 Rent Centric
14.3.6 Ecalypse
14.3.7 MotoUse
14.3.8 Fleetlet
14.3.9 OTO rent
