North America MUV Rental Market Size, Share & Trends Analysis Report By Application (On-airport, Off-airport), By MUV Type (Passenger Vehicles, Cargo Vehicles), By Country, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 66 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The North America MUV rental market size is projected to reach USD 7.76 billion by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. A combination of factors such as an upsurge in the number of air travelers opting for vehicle rental services and the growing adoption of renting recreational vehicles for leisure purposes have fueled the regional market growth. Changing preferences of demographics, regarding vehicle ownership, are expected to have a positive influence on the market growth over the forecast period.

The increase in number of internet users has encouraged numerous local and global players in the MUV rental marketplace to have an international presence through their online website and mobile applications. The regional MUV rental market is expected to undergo a transformation from the conventional rental business operations to innovative business models. The North America market has witnessed a significant growth over the past few years owing to continuous economic growth. Numerous states in the U.S. are establishing tie-ups with van rental companies for providing transport facilities from airports to the city centers and other locations.

The key strategies adopted by the prominent players to acquire a higher market share include replacement of older fleet with newer ones, expansion of their operational reach, and adoption of a competitive pricing model. Major companies across the region are implementing a mix of operating models, including company owned stores, franchise, and agencies. With the advent of state-of-the-art technologies, vehicle renting has become a preferred option for travelers. Various players have started introducing mobile apps for customers as these apps provide benefits such as easy vehicle tracking and faster payment & booking process.

Further key findings from the report suggest:

• A majority of service providers in developed countries such as the U.S. are increasingly implementing advanced technology solutions to streamline the vehicle renting/booking processes

• The demand across the leisure group is high during the peak seasons. Prominent players are providing premium services and offering discounts & packages to frequent travelers

• The trend of renting camper vans or Recreational Vehicles (RVs) has also increased in recent years. Tourists mainly prefer renting RVs for traveling to remote locations or for camping purposes

• Some of the key players in the north america muv rental market include Enterprise Holdings, Inc.; Dollar Rent A Car, Inc.; Budget Rent A Car System, Inc.; and Sixt SE.

 Table of Contents

Chapter 1 Methodology and Scope
                    1.1 Market Segmentation and Scope
                    1.2 Market Definitions
                    1.3 Information Procurement
                        1.3.1 Purchased database
                        1.3.2 GVR's internal database
                        1.3.3 Secondary sources and third party perspective
                        1.3.4 Primary research
                    1.4 Information Analysis
                        1.4.1 Data analysis models
                    1.5 Market Formulation and Data Visualization
                    1.6 Data Validation and Publishing
Chapter 2 Executive Summary
                    2.1 Market Outlook
                    2.2 Segment Outlook
                    2.3 Competitive Insights
Chapter 3 Market Variables, Trends, and Scope
                    3.1 Market Introduction
                    3.2 Market Value Chain Analysis
                    3.3 Market Dynamics
                        3.3.1 Market driver analysis
                            3.3.1.1 Increase in number of leisure and corporate travelers
                            3.3.1.2 Rising popularity of recreational vehicles
                            3.3.1.3 Increasing number of mobile and internet users in the region
                        3.3.2 Market restraint/challenge analysis
                            3.3.2.1 Introduction of and need for compliance with stringent emission regulations
                            3.3.2.2 Growth of low-cost public transportation sector
                            3.3.2.3 Volatility in crude oil prices
                        3.3.3 Market opportunities
                            3.3.3.1 Digitization and technology adoption
                            3.3.3.2 Introduction of green vehicles
                    3.4 Penetration and Growth Prospect Mapping
                    3.5 Van Rental Market Trends
                    3.6 Business Environment Analysis Tools
                        3.6.1 Porter's Five Forces Analysis
                        3.6.2 PEST Analysis
Chapter 4 Application Estimates and Trend Analysis
                    4.1 Market Size Estimates & Forecasts and Trend Analysis, 2015 - 2025 (USD Million)
                    4.2 Application Movement Analysis & Market Share, 2018 & 2025
                    4.3 On-airport
                        4.3.1 Market size estimates and forecasts, 2015 - 2025 (USD Million)
                    4.4 Off-airport
                        4.4.1 Market size estimates and forecasts, 2015 - 2025 (USD Million)
Chapter 5 MUV Type Estimates and Trend Analysis
                    5.1 Market Size Estimates & Forecasts and Trend Analysis, 2015 - 2025 (USD Million)
                    5.2 MUV Type Movement Analysis & Market Share, 2018 & 2025
                    5.3 Passenger Vehicles
                        5.3.1 Market size estimates and forecasts, 2015 - 2025 (USD Million)
                    5.4 Cargo Vehicles
                        5.4.1 Market size estimates and forecasts, 2015 - 2025 (USD Million)
Chapter 6 Country Estimates & Trend Analysis
                    6.1 North America MUV rental market by country, 2018 & 2025
                    6.2 Country Movement Analysis & Market Share, 2018 & 2025
                    6.3 U.S.
                        6.3.1 U.S. MUV rental market, by application, 2015 - 2025 (USD Million)
                        6.3.2 U.S. MUV rental market, by MUV type, 2015 -2025 (USD Million)
                    6.4 Canada
                        6.4.1 Canada MUV rental market, by application, 2015 - 2025 (USD Million)
                        6.4.2 Canada MUV rental market, by MUV type, 2015 -2025 (USD Million)
                    6.5 Mexico
                        6.5.1 Mexico MUV rental market, by application, 2015 - 2025 (USD Million)
                        6.5.2 Mexico MUV rental market, by MUV type, 2015 - 2025 (USD Million)
Chapter 7 Competitive Analysis
                    7.1 Key Company Categorization (Key Innovators, Market Leaders, Emerging Players)
                    7.2 Key Company Ranking Analysis, 2018
Chapter 8 Competitive Landscape
                    8.1 North America MUV rental Market - Company Profiles
                        8.1.1 Airport Van Rental
                            8.1.1.1 Company overview
                            8.1.1.2 Service benchmarking
                            8.1.1.3 Recent developments
                        8.1.2 Alamo
                            8.1.2.1 Company overview
                            8.1.2.2 Financial performance
                            8.1.2.3 Service benchmarking
                            8.1.2.4 Recent developments
                        8.1.3 Auto Europe
                            8.1.3.1 Company overview
                            8.1.3.2 Service benchmarking
                        8.1.4 Budget Rent A Car System, Inc. (Budget Car Rental/Budget System)
                            8.1.4.1 Company overview
                            8.1.4.2 Financial performance
                            8.1.4.3 Service benchmarking
                            8.1.4.4 Recent developments
                        8.1.5 CarRentals.com
                            8.1.5.1 Company overview
                            8.1.5.2 Financial performance
                            8.1.5.3 Service benchmarking
                        8.1.6 Dollar Rent A Car, Inc.
                            8.1.6.1 Company overview
                            8.1.6.2 Financial performance
                            8.1.6.3 Service benchmarking
                        8.1.7 Enterprise Rent-A-Car
                            8.1.7.1 Company overview
                            8.1.7.2 Financial performance
                            8.1.7.3 Service benchmarking
                            8.1.7.4 Recent developments
                        8.1.8 Penske
                            8.1.8.1 Company overview
                            8.1.8.2 Financial performance
                            8.1.8.3 Service benchmarkinG
                            8.1.8.4 Recent developments
                        8.1.9 RVshare.com
                            8.1.9.1 Company overview
                            8.1.9.2 Service benchmarking
                        8.1.10 Sixt SE
                            8.1.10.1 Company overview
                            8.1.10.2 Financial performance
                            8.1.10.3 Service benchmarking
                            8.1.10.4 Recent developments

List of Tables

TABLE 1 North America MUV rental market size estimates & forecasts, 2015 - 2025 (USD Million)
TABLE 2 North America MUV rental market, by country, 2015 - 2025 (USD Million)
TABLE 3 North America MUV rental market, by application, 2015 - 2025 (USD Million)
TABLE 4 North America MUV rental market, by MUV type, 2015 - 2025 (USD Million)
TABLE 5 Key market driver impact
TABLE 6 Key market restraint/challenges impact
TABLE 7 North America MUV rental market for on-airport application, by country, 2015 - 2025 (USD Million)
TABLE 8 North America MUV rental market for off-airport application, by country, 2015 - 2025 (USD Million)
TABLE 9 North America MUV rental market for passenger vehicles, by country, 2015 - 2025 (USD Million)
TABLE 10 North America MUV rental market for cargo vehicles, by country, 2015 - 2025 (USD Million)
TABLE 11 U.S. MUV rental market by application, 2015 - 2025 (USD Million)
TABLE 12 U.S. MUV rental market by MUV type, 2015 - 2025 (USD Million)
TABLE 13 Canada MUV rental market by application, 2015 - 2025 (USD Million)
TABLE 14 Canada MUV rental market by MUV type, 2015 - 2025 (USD Million)
TABLE 15 Mexico MUV rental market by application, 2015 - 2025 (USD Million)
TABLE 16 Mexico MUV rental market by MUV type, 2015 - 2025 (USD Million)
TABLE 17 Key company categorization

List of Figures

FIG 1 Market segmentation and scope
FIG 2 Information procurement
FIG 3 Primary research pattern
FIG 4 Primary research process
FIG 5 Market formulation and data visualization
FIG 6 North America MUV rental market snapshot
FIG 7 Value chain analysis
FIG 8 Supply chain analysis
FIG 9 Market dynamics
FIG 10 Internet users in North America (December 2017)
FIG 11 U.S. crude oil first purchase price, 2015 - 2016 (USD Per Barrel)
FIG 12 Penetration and growth prospect mapping
FIG 13 North America MUV rental market analysis - Porter's five forces analysis
FIG 14 North America MUV rental market - PEST analysis
FIG 15 North America MUV rental market, by application, key takeaways
FIG 16 Application movement analysis & market share, 2018 & 2025
FIG 17 North America MUV rental market, by MUV type, key takeaways
FIG 18 MUV type movement analysis & market share, 2018 & 2025
FIG 19 North America MUV rental market, by country, 2018 & 2025
FIG 20 Country movement analysis & market share, 2018 & 2025
FIG 21 U.S. MUV rental market, by application, 2015 - 2025 (USD Million)
FIG 22 U.S. MUV rental market, by MUV type, 2015 - 2025 (USD Million)
FIG 23 Canada MUV rental market, by application, 2015 - 2025 (USD Million)
FIG 24 Canada MUV rental market, by MUV type, 2015 - 2025 (USD Million)
FIG 25 Mexico MUV rental market, by application, 2015 - 2025 (USD Million)
FIG 26 Mexico MUV rental market, by MUV type, 2015 - 2025 (USD Million)
FIG 27 Key company ranking analysis, 2018