The global 2 wheeler and 4 wheeler rental market was valued at USD 83.37 billion in 2018 and is expected to reach USD 180.93 billion in 2026, growing at a CAGR of 10.2% during the forecast period.
The 2 wheeler and 4 wheeler rental agency is a company that leases automobiles for a certain period of time, usually ranging from a few hours to a few weeks. It is generally organized with many local branches (which let a user return a vehicle to various locations), and mainly positioned near airports or busy city areas and often allows online reservations by a website.
2 Wheeler and 4 Wheeler Rental Market Segmentation |
|
| By Type | 1. Car |
| 2. Bike | |
| 3. Others | |
| By Application | 1. Local usage |
| 2. Outstation | |
| 3. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Growing penetration and development of transportation infrastructure, easy access, reasonable pricing, and support of local authorities are the key driving factors driving the 2 wheeler and 4 wheeler rental services. Application of digital platforms by service providers is expected to boost the demand of 2 wheeler and 4 wheeler rental market. Increasing travel and tourism activities are also driving the market. But, the negative influence of unstable prices of gasoline and petroleum products on economic conditions is restraining the 2 wheeler and 4 wheeler rental market growth. The development in the trend of internet use to customize travel trips, reservations, and bookings is expected to create growth opportunities in future.
Based on the type, the car segment dominating the global market market accounting 37.3% market share
Based on the type, the global 2 wheelers and 4 wheeler rental market are segmented into car, bike, others. The car segment is growing rapidly in the 2 wheeler and 4 wheeler rental market and expected to account for 37.3% market share in 2018. The growth of the car rental market is mainly driven by the improvement of the travel & tourism industry, rise in disposable income of people in countries such as the U.S., Germany, & China and developed road infrastructure. Automobile companies are developing green vehicles to control the rise in pollution level, which helps the growth of the market in case of renting electric vehicles.
Based on application, the local usage segment is expected to grow at a CAGR of around 12.3% throughout the forecast period
Based on the application, the market has been segmented into local usage, outstation, and others. Local usage and outstation applications are estimated to have significant growth at a CAGR of 12.3% over the next few years. Lack of route availability and standard timings of public transport services have resulted in shifting preference of travelers toward car rental services for day-to-day travels, majorly propelling the market. In addition, industry players are focusing on providing the option of choosing vehicles as per customer convenience.
North America is dominating the 2 wheeler and 4 wheeler rental market with market share of 39% in terms of value in 2018
North America dominates the overall 2 wheeler and 4 wheeler rental market with a revenue share of about 39% in 2018 due to, increasing number of leisure and business trips across the North American countries, and a constant shift in consumer preference for rental services. The Asia Pacific is expected to have the highest growth rate for this market in the forecast period due to the presence of a large customer base, especially the easy availability of two-wheelers. Followed by the European market is poised for steady growth due to increasing tourism activity, a sense of adventure in riding two-wheelers and rising rental service preference. Additionally, in North America the two-wheelers rental market will have challenges due to lack of interest among customers for two-wheelers.
Company Profiles and Competitive Intelligence:
The major players operating in the global 2 wheeler and 4 wheeler rental market are Cycle BC, Rentrip Services Pvt. Ltd., Dah Holdings Pty. Ltd., AdMo-Tours Inc., Provence Bike, Avis Budget Group Inc., Carzonrent India Pvt Ltd., Enterprise Holdings Inc., Sixt SE, and The Hertz Corporation among others.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global 2 Wheeler and 4 Wheeler Rental Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global 2 Wheeler and 4 Wheeler Rental Market
1.3. Market Dynamics
1.4. Global 2 Wheeler and 4 Wheeler Rental Market, by Segment, 2018
1.4.1. Global 2 Wheeler and 4 Wheeler Rental Market, by Type, 2018, (USD Million)
1.4.2. Global 2 Wheeler and 4 Wheeler Rental Market, by Application, 2018, (USD Million)
1.4.3. Global 2 Wheeler and 4 Wheeler Rental Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. 2 Wheeler and 4 Wheeler Rental Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global 2 Wheeler and 4 Wheeler Rental Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increasing travel and tourism activities
2.2.2. Increasing use of laptop and mobile apps
2.3. Market Restraints
2.3.1. Lack of infrastructure in undeveloped and developing countries
2.4. Market Opportunities
2.4.1. Innovative new services through online apps
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global 2 Wheeler and 4 Wheeler Rental Market, by Type
3.1. Market Overview, by Type
3.1.1. Global 2 Wheeler and 4 Wheeler Rental Market, by Country, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Car
3.2.1. Global 2 Wheeler and 4 Wheeler Rental Market, By Car, 2016-2026, (USD Million)
3.3. Bike
3.3.1. Global 2 Wheeler and 4 Wheeler Rental Market, By Bike, 2016-2026, (USD Million)
3.4. Others
3.4.1. Global 2 Wheeler and 4 Wheeler Rental Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global 2 Wheeler and 4 Wheeler Rental Market, by Application
4.1. Market Overview, by Application
4.1.1. Global 2 Wheeler and 4 Wheeler Rental Market, by Application, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. Local usage
4.2.1. Local usage Global 2 Wheeler and 4 Wheeler Rental Market, by Local usage, 2016-2026, (USD Million)
4.3. Outstation
4.3.1. Global 2 Wheeler and 4 Wheeler Rental Market, by Outstation, 2016-2026, (USD Million)
4.4. Others
4.4.1. Global 2 Wheeler and 4 Wheeler Rental Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global 2 Wheeler and 4 Wheeler Rental Market, by Region
5.1. Market Overview, by Region
5.1.1. Global 2 Wheeler and 4 Wheeler Rental Market, by Region, 2016-2026, (USD Million)
5.1.2. Attractive Investment Opportunity, by Region, 2018
5.2. North America 2 Wheeler and 4 Wheeler Rental Market
5.2.1. North America 2 Wheeler and 4 Wheeler Rental Market, by Type, 2016-2026 (USD Million)
5.2.2. North America 2 Wheeler and 4 Wheeler Rental Market, by Application, 2016-2026 (USD Million)
5.2.3. United States 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.2.4. Canada 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.3. Europe 2 Wheeler and 4 Wheeler Rental Market
5.3.1. Europe 2 Wheeler and 4 Wheeler Rental Market, by Type, 2016-2026 (USD Million)
5.3.2. Europe 2 Wheeler and 4 Wheeler Rental Market, by Application, 2016-2026 (USD Million)
5.3.3. United Kingdom 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.3.4. Germany 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.3.5. France 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.3.6. Rest of Europe 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.4. Asia Pacific 2 Wheeler and 4 Wheeler Rental Market
5.4.1. Asia Pacific 2 Wheeler and 4 Wheeler Rental Market, by Type, 2016-2026 (USD Million)
5.4.2. Asia Pacific 2 Wheeler and 4 Wheeler Rental Market, by Application, 2016-2026 (USD Million)
5.4.3. China 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.4.4. Japan 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.4.5. India 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.4.6. Rest of Asia Pacific 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.5. Latin America 2 Wheeler and 4 Wheeler Rental Market
5.5.1. Latin America 2 Wheeler and 4 Wheeler Rental Market, by Type, 2016-2026 (USD Million)
5.5.2. Latin America 2 Wheeler and 4 Wheeler Rental Market, by Application, 2016-2026 (USD Million)
5.5.3. Brazil 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.5.4. Mexico 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.5.5. Rest of Latin America 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.6. Middle East & Africa 2 Wheeler and 4 Wheeler Rental Market
5.6.1. Middle East & Africa 2 Wheeler and 4 Wheeler Rental Market, by Type, 2016-2026 (USD Million)
5.6.2. Middle East & Africa 2 Wheeler and 4 Wheeler Rental Market, by Application, 2016-2026 (USD Million)
5.6.3. GCC 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
5.6.4. Rest of Middle East & Africa 2 Wheeler and 4 Wheeler Rental Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Type
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 7 Company Profiles
7.1. Cycle BC
7.1.1. Cycle BC Overview
7.1.2. Cycle BC Product Portfolio
7.1.3. Cycle BC Financial Overview
7.1.4. Cycle BC News/Recent Developments
7.2. Rentrip Services Pvt. Ltd.
7.2.1. RENTRIP SERVICES PVT. LTD. Overview
7.2.2. RENTRIP SERVICES PVT. LTD. Product Portfolio
7.2.3. RENTRIP SERVICES PVT. LTD. Financial Overview
7.2.4. RENTRIP SERVICES PVT. LTD. News/Recent Developments
7.3. DAH Holdings Pty. Ltd.
7.3.1. DAH HOLDINGS PTY. LTD. Overview
7.3.2. DAH HOLDINGS PTY. LTD. Product Portfolio
7.3.3. DAH HOLDINGS PTY. LTD. Financial Overview
7.3.4. DAH HOLDINGS PTY. LTD. News/Recent Developments
7.4. AdMo-Tours Inc.
7.4.1. AdMo-Tours Inc. Overview
7.4.2. AdMo-Tours Inc. Product Portfolio
7.4.3. AdMo-Tours Inc. Financial Overview
7.4.4. AdMo-Tours Inc. News/Recent Developments
7.5. Provence Bike
7.5.1. Provence Bike Overview
7.5.2. Provence Bike Product Portfolio
7.5.3. Provence Bike Financial Overview
7.5.4. Provence Bike News/Recent Developments
7.6. Avis Budget Group Inc.
7.6.1. Avis Budget Group Inc. Overview
7.6.2. Avis Budget Group Inc. Product Portfolio
7.6.3. Avis Budget Group Inc. Financial Overview
7.6.4. Avis Budget Group Inc. News/Recent Developments
7.7. Carzonrent India Pvt Ltd.
7.7.1. Carzonrent India Pvt Ltd. Overview
7.7.2. Carzonrent India Pvt Ltd. Product Portfolio
7.7.3. Carzonrent India Pvt Ltd. Financial Overview
7.7.4. Carzonrent India Pvt Ltd. News/Recent Developments
7.8. Enterprise Holdings Inc.
7.8.1. ENTERPRISE HOLDINGS INC. Overview
7.8.2. ENTERPRISE HOLDINGS INC. Product Portfolio
7.8.3. ENTERPRISE HOLDINGS INC. Financial Overview
7.8.4. ENTERPRISE HOLDINGS INC. News/Recent Developments
7.9. The Hertz Corporation
7.9.1. The Hertz Corporation Overview
7.9.2. The Hertz Corporation Product Portfolio
7.9.3. The Hertz Corporation Financial Overview
7.9.4. The Hertz Corporation News/Recent Developments
7.10. Sixt SE
7.10.1. The Hertz Corporation Overview
7.10.2. The Hertz Corporation Product Portfolio
7.10.3. The Hertz Corporation Financial Overview
7.10.4. The Hertz Corporation News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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