Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Automotive IndustryEurope Car Rental Industry Research Report   Join our daily free Newsletter

MENAFN Press - 09/01/2014
No. of Ratings : 0
Add to Mixx!

Europe Car Rental Industry
(MENAFN Press) Latvia is increasingly emerging as a popular destination for medical tourists, as some treatments and consultations are accessible for prices nearly 30-40% lower than in Western European countries. This has been a major factor stimulating the demand for car rental fleets thus, strengthening the revenue of car rental players in the country. Car rental industry in Latvia is estimated to grow at a CAGR of 5.24% over the period 2012-2017 with the revenue reaching USD 382 million by 2017

Belgium's travel and tourism sector showcased an increase in both domestic and international tourist volumes and expenditures in 2011. The government of Belgium introduced various strategies and initiatives to develop ecotourism in the country. The fleet size of the Belgium car rental market has grown at an average annual growth rate of 4.55% in the period of 2006-2012. In 2007, the number of car rental fleets was 270,000 which stood at nearly 325,000 in 2012. An improvement in economic scenario and a subsequent expansion in number of inbound and domestic travelers are expected to drive the revenues for the car rental industry in Belgium in the future. Furthermore, the country is expected to witness increasing number of leisure and business travelers in the future. Business tourists are estimated to become major customers over the forecasted period due to an increase in travels for business purposes in the country. The car rental fleets in Belgium are expected to grow at a CAGR of 2.28% in the next five years

Car rental industry in Ukraine is forecasted to grow at an average annual growth rate of 6.50% from 2012-2017, with the revenue inclining to USD 24 million by 2017. The major challenges which the car rental industry in Ukraine is expected to face will be the unstable political situation that will influence economies as well as the continuance of global economic crisis. The revenues of car rentals industry are expected to be fortified by ongoing improvements in road infrastructure and improvements in the business environment, which would incline the number of business travelers in the country

Additionally, an increase in the number of leisure travelers for enjoying winter sports as well as summer vacations in the country, as a result of country's exposure during Euro 2012 football tournament would also provide significant impetus to the car rental industry of Ukraine

Off-airport segment will continue to dominate the market for car rentals in Europe.

The geographical expansion of various companies, covering increasing locations throughout Germany, France, the UK, Italy, Spain and other European countries, has led to an expansion of off-airport counters. The growth in the off-airport segment will be augmented by future plans by several car rental companies to expand their geographical network by opening off-airport counters throughout Europe for the convenience of the customers

According to research report, "Europe Car Rental Industry Outlook to 2017: Latvia, Belgium and Ukraine to Stimulate the Market Growth", Europe car rental market is anticipated to grow at an average annual growth rate of 3.85% over the period 2012-2017

The introduction of advanced technologies in the car rental industry is expected to revolutionize the market. With the launching of Global Positioning System (GPS), biometric data recorders and eco-friendly cars, the future prospects of car rental industry are expected to be encouraging

The report provides detailed overview on the Europe car rental market 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

For More Details Please Click On Following Link



Contact Person: Ankur Gupt

Designation: Head-Marketing & Communicatio

E-mail: ankur@kenresearch.co

Contact: 01147017199, 91 901537824

About Ken Resaerch
Ken Research is a leading global industry research and information service company operating with a network of partner firms across the US, Asia and Europe. The company provides bespoke industry intelligence, equity research reports and business consulting services on gamut of sectors.



  MENA News Headlines
 Oct 9 2015 - Qatar- QSE falls 34 points, bullish phase continuesGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange failed to surpass the 11,800 mark as its key index lost 34 points, after being in a bullish phase for the last three consecutive sessions.Consumer goods, ...

 Oct 9 2015 - Saudi said to order spend curbs amid oil price slumpGulf Times
(MENAFN - Gulf Times) Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom's budget, according to two people with knowledge of the matter.The ...

 Oct 9 2015 - KSA- SABB Q3 profit rises 7.7% to $304mnGulf Times
(MENAFN - Gulf Times) Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7% rise in third-quarter net profit yesterday, in line with analyst forecasts. The bank, an ...

 Oct 9 2015 - Qatar wealth fund said interested in Glencore agriculture unit saleGulf Times
(MENAFN - Gulf Times) The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore's agriculture business, according to three people familiar ...

 Oct 9 2015 - Almost 300 Europe-bound migrants arrested in LibyaGulf Times
(MENAFN - Gulf Times) Libyan authorities said almost 300 migrants, a third of them from Senegal, were arrested Thursday as they prepared to board boats for the Mediterranean crossing to Europe."After ...

 Oct 9 2015 - Netanyahu moves to lower tensions over holy siteGulf Times
(MENAFN - Gulf Times) Prime Minister Benjamin Netanyahu has banned Israeli cabinet ministers and legislators from visiting a sensitive Jerusalem holy site where rising tensions have spilled over into ...

 Oct 9 2015 - France carries out fresh strikes against IS in SyriaGulf Times
(MENAFN - Gulf Times) France said on Friday it had carried out a second wave of strikes overnight on Islamic State targets in Syria and accused Russia of failing to target the group."Two Rafale jets ...

 Oct 9 2015 - UN envoy proposes Libya unity governmentGulf Times
(MENAFN - Gulf Times) UN envoy Bernardino Leon proposed a Libyan unity government on Friday aimed at ending years of conflict, but the plan was quickly dismissed by members of the country's two rival ...

 Oct 9 2015 - Tunisian dialogue mediators win Nobel Peace PrizeGulf Times
(MENAFN - Gulf Times) Tunisia's National Dialogue Quartet won the Nobel Peace Prize on Friday for building democracy in the country after the 2011 revolution which unleashed the Arab Spring.The award ...

 Oct 9 2015 - Four Arabs stabbed in southern Israel, Jewish suspect heldGulf Times
(MENAFN - Gulf Times) Four Arabs were stabbed in a town in southern Israel on Friday and a Jewish suspect was arrested, police said. The attacks follow a surge in knife violence by Palestinians ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help