Market Research Reports - Ken Research Car rental Industry China

China Car Rental Market Outlook to 2022: Ken Research
The report titled “China Car Rental Market by Market Structure (Organized and Unorganized
Sector), by Mode of Booking (Online and Offline), by Clients (Leisure and Business), by Pick-
Ups (Airport and Off-Airport), by Car Type (Hatchback, Sedan and SUV) and by Major Regions
- Outlook to 2022” provides a comprehensive analysis of the car rental market in China. The
report covers various aspects such as overall market size of China car rental, cab aggregator,
self driven car and car sharing in terms of transaction value, segmentation on the basis of
market structure (organized and unorganized sector), by mode of booking (online and offline),
by clients (leisure and business), by pick-ups (airport and off-airport), by car type (hatchback,
sedan and SUV) and by major regions. The report also covers trends and developments, issues
and challenges, regulatory scenario and SWOT analysis of China car rental market. The report
covers snapshot and business models of cab aggregator market, self driven car, car sharing, car
pooling/ride sharing and bike aggregator market in China. The report also covers the
competitive landscape of the industry and comprehensive profile of leading players (CAR Inc,
EHi Car Services Ltd, Beijing Shouqi Group Corp, Avis Budget Group Inc, Shenzhen TopOne Car
Rental Co Ltd, Shanghai Bashi Industrial (Group) Co Ltd, Yongda Group, Shanghai Jinjiang
Holdings Co Ltd) operating in the market.
The report concludes with future outlook and projections of China car rental market, major
macroeconomic indicators and upcoming trends affecting the market have also been
highlighted in the report. The report also serves competitive scenario for each market which
exists in car rental industry to get an in-depth understanding of car rental sector in China.
China Car Rental Market
The Chinese car rental market emerged in 1990 when the Asian Games was held in Beijing. At
present, the major markets of focus include Beijing, Shanghai, Guangzhou and Shenzhen. The
traditional car rental industry has involved with considerable assets and low profits as the car
rental companies are focusing on enhancing their competitiveness by improving their services,
expanding fleet size and operational efficiency. The emerging platform-based internet car
rental models have been gaining prominence in the market, affecting the traditional business
models. Short-term car rental market is still in an early stage of development as of 2017 and the
category was fragmented with the presence of various players. The top 10 players within car
rental accounted for a combined value share of only ~% in 2017. During the period 2012-2017,
China car rental market grew at a CAGR of ~% in terms of transaction value and ~% in terms of
fleet size. The major growth drivers of car rental market in China include favorable government
policies, growth of domestic tourism and growing mergers and acquisitions in the industry. The
car rental market augmented from USD ~ million during 2012 to USD ~ million during 2017 at a
CAGR of ~% during 2012-2017. Car sharing has been increasingly gaining prominence in the