Increasing number of car sharing and car pooling has contributed significantly towards the growth of global market for car rental services. There is increase in online booking due to convenience and advancement in mobile applications and IT infrastructure. Offline bookings are expected to gain traction in the forthcoming years, thereby generating higher revenues. Heavy investments are being made for developing new business models, which in turn is enabling the companies to speed up in the global market for car rental services. Improved road infrastructure and thriving tourism industry are other factors fuelling the growth of global market for car rental services.
A recent report anticipates that the global market for car rental services will expand at a healthy 6.6% CAGR during the forecast period, 2017-2027, to touch an evaluation of nearly US $197,020.00Mn by 2027-end. Companies namely Sixt SE, Eco Rent a Car, Al Futtaim Group, Carzonrent India Pvt Ltd., Enterprise Holdings Inc., GlobalCARS and Localiza – Rent a Car SA among others will witness a sizeable growth globally. Leading companies are intent on marketing schemes such as product developments and growing their product portfolio.
Eco Rent a Car Introduces Mercedes Sprinter Vans: Luxurious Class
Eco Rent a Car recently introduced nearly four Mercedes Sprinter Vans with luxurious features, exclusively for the purpose of group travel. Key players can focus on this new development owing to fact that there is considerable increase in tourism industry, since the recent past. The new Mercedes Sprinter Vans consist of two seating capacities, 16 seater and 13 seater respectively. These vans are mainly meant for leisure and business purposes, corporate houses, airport transfer services, hotel guests, govt. delegations and event transportation. For the benefit of customers, Eco Rent a Car has mentioned that the company is offering the van service in just Rs.9000.
Apart from this, the company is offering Mercedes Sprinter Vans in black color that gives it a luxurious class appeal and is expected to be the first ever launch in India. The new mini Mercedes Sprinter Vans are imported and can be hired for travelling anywhere in the country. There is considerable increase in leisure and business travels, for the purpose of which, demand for mini buses and mini vans increase, especially amongst the Indian travelers. This move also is due to considerable cost savings compared to the travel in multiple cars. Manufacturers must initiate efforts in introducing automobiles that meet the increasing consumer demands, which also enables luxurious group travel.
Sixt SE Unveils New Location at International Airport of San Antonio
Sixt SE unveiled new location at the international airport of San Antonio and it is in the brand-new on-airport CONRAC (Consolidated Rental Facility). U.S is likely to benefit immense with improving and up gradation of existing locations, thereby expanding new markets soon. Sixt SE introduced this new location at its flagship place in the international airport of Miami. San Antonio has been observed as an incredibly luxurious and unforgettable destination. Therefore, Sixt SE planned to expand its business in the popular place, which in turn will contribute towards increasing revenues of the company. Apart from this, the company finds major opportunities in U.S. and is likely to lead the region’s market in the forthcoming years.
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