Cab Aggregator Market, Ride Sharing Market in Vietnam, Car on Rent Cab Aggregator Market in Vietnam | Page 10

September 2017
Vietnam Car Rental Market Outlook to 2021
Executive Summary
The report titled “Vietnam Car Rental Market Outlook to 2021 – Rising Tourism
and Trend of Mobile Booking for Rental Cars to Drive Market” focuses on the
organized and unorganized, chauffer driven and non-chauffer driven car rental
segments. The report covers aspects such as car rental market by its key segments
including off-airport and on-airport demand, corporate and retail clients, and
demand by major regions. The publication also includes competitive landscape,
which discusses the major market players along with the detailed discussion about
the organizations and their respective market share. The reports also provides in
depth analysis of the cab aggregator market including detailed company profiles of
the stakeholders. Furthermore, the report includes snapshots on carpooling market,
bike, bus, van and coach rental market in Vietnam. The future analysis of overall
Vietnam Car Rental Market has also been discussed along with recommendations
from analyst view.
The report is useful for car rental and cab aggregator companies, potential entrants
and other stakeholders to align their market centric strategies according to ongoing
and expected trends in the future.
Present Car Rental Market Dynamics
Vietnam Car Rental market has increased from USD ~ million in 2011 to USD ~
million in 2016 growing at a CAGR of ~% owing to the rising tourism industry,
surge in public awareness about car rental services and increasing number of
internet users. The inbound tourists have been preferring car rental instead of public
transport which has had a positive impact on the car rental market revenues in the
country. Additionally, players such as Hertz entered the market making a positive
impact by creating a competitive environment while simultaneously providing more
choices to customers.
Market Segmentation of Vietnam Car Rental Industry
By Organized and Unorganized: The organized players lead the car rental market in
Vietnam with ~% revenue share in 2016 due to increasing number of domestic and
foreign companies setting up their corporate office in the country and number of
players increasing their fleet size over the years. Additionally, ~% of the market is
captured by unorganized players in revenue generation due to many domestic
players operating in this space.
By Chauffeur and Non-Chauffeur driven Car: Non-chauffeur driven cars
accounted for ~% revenue share in car rental market in Vietnam. Tourists prefer to
visit multiple destinations and self-driven cars are more economical as they don’t
have to pay driver’s charge or for food and accommodation. The chauffeur driven
car segment was led by the off airport location pickups and drop offs with ~%
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