Category

Netherlands Car Rental Market Size, Share, Opportunities, And Trends By Car Type (Economy Cars, Luxury Cars, Executive Cars, SUVs, MUVs), By Mode Of Booking (Online, Offline), By Rental Category (Local Transport, Airport Transport, Outstation Transport, Others) - Forecasts From 2019 To 2024.

Published: Mar 2020 | Report Code:  KSI061610802 | Pages:  114

Netherlands Car Rental market was valued at US$2.112 billion in 2018 and is projected to expand at a CAGR of 6.00% over the forecast period to reach US$2.996 billion by 2024. The growth in the market may be attributed to the increasing expansion of the tourism and travel industry in the country.

A car rental service rents automobiles for short periods of time for a fee. It is often organized with numerous local branches, and primarily located near airports or busy city areas and often complemented by a website allowing online reservations. The company provides services generally near busy streets and markets, tourist places, airports, and railway stations and generally allow online reservations along with added services like GPS, navigation systems, insurance and entertainment systems.

The market is expected to show significant growth during the given forecast period. Increasing demand from the working-age population and increasing expansion of the tourism and travel industry will majorly account for the growth of the Netherlands car rental market in upcoming years. The growth in the market will also be augmented by the increase in the frequency of air travel, increase in the travel expenditure on account of improvement in the economic conditions and rising number of foreign visitors in Netherlands. The growing popularity of car-sharing schemes is expected to aid the growth of the car rental market in the country.

By Car Type

By car type, the Netherlands Car Rental market is segmented as economy cars, luxury cars, executive cars, SUVs and MUVs. Among car type, economy cars are expected to hold a significant share in the Singapore car rental market owing to their cost-effectiveness. However, MUVs will witness remarkable growth due to the emerging trend of carpooling and car-sharing services in the country.

By Mode of Booking

Based on the mode of booking, the Netherlands Car Rental market has been segmented as online and offline. Cardiovascular is expected to show the highest growth during the given forecast period. The growth may be attributed to the rising number of smartphone users in the country coupled with the ease of booking a car from wherever the customer is.

By Rental Category

By Rental Category, the Netherlands Car Rental market is segmented as local transport, airport transport, and outstation transport. Airport transport segment is expected to project a decent growth owing to the rising tourist influx in the country coupled with the rising air traffic.

Segmentation

The Netherlands Car Rental market has been segmented by car type, mode of booking and rental category.

By Car Type

Economy Cars

Luxury Cars

Executive Cars

SUVs

MUVs

 

By Mode of Booking

Online

Offline

 

By Rental Category

Local Transport

Airport Transport

Outstation Transport

OUR CLIENTS