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The market in the long run is expected to be more efficient with players moving towards the car sharing market in the densely populated areas such as Washington DC, New York and others. Additionally, opaque and online car rental segment will gain momentum with several leisure travelers switching to online reservations for relatively cheap rentals. The reduced fleet size and efficient yield management policy adapted by the players will also certainly change the course of the operations of the US car rental industry in the long run. It is expected that the market will grow at a CAGR of 5.25% in the next 5 years and will reach USD ~ million by 2015.
The future projections are presented along with the cause and effect relationship between the market and several industry and macro-economic indicators providing an insight on the prospects in the US car rental market.
The car rental market in the US is a mature market which was valued at USD ~ million with ~ million cars in service in 2010. The market has consolidated over the period with a wave of several mergers and acquisitions which has strengthened the position of few players and has created complexities for the new entrants due to high initial costs and reduced economies of scale. The US car rental market is predominantly dependent on the behavior of the travelers. Total visitors using car rental services has risen from ~ thousand in 2005 to ~ thousand in 2010 propelling the growth of the US car rental market.
Key Topics Covered in the Report:
The market size of the US car rental industry and its segments including on-airport, off-airport, domestic and overseas car rental travelers, online/opaque car rental market on the basis of revenue, users and cars in services
Market segmentation of the US car rental industry and its segments
Recent trends and developments in the industry
Competitive landscape/ market share of the various players operating in the country in off-airport, on-airport and total car rental market
Future outlook and projections along with the cause and effect relationship between the market and industry factors on the US car rental industry
Company profiles of major car rental agencies including company overview, business strategies, financial and operating performance and SWOT analysis
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