market owing to huge demand from the millennials , driving the market growth . Additionally , China has witnessed double digit growth of online car rental market which has further aided the overall market growth during 2012-2017 .
China Car Rental Market Segmentation
By Market Structure : In terms of revenues , China car rental market is dominated by organized players which accounted for a share of ~% ( USD ~ million ) during 2017 . The organized players in the China car rental market dominated in terms of fleet size and transaction value with the presence of large players in the industry focusing on online bookings and enhancing their fleet size . Major organized players in the car rental industry in China include CAR Inc , EHi Car Services Ltd , Beijing Shouqi Group Corp , Avis Budget Group Inc , and others . The unorganized market accounted for a share of ~% ( USD ~ million ) during 2017 . The car rental market of China is highly fragmented with availability of many small scale players in the unorganized segment facing intense competition from app-based business models .
By Trips : In terms of transaction value , business clients dominated the China car rental market during 2017 which accounted for ~% ( USD ~ million ) of the transaction value during 2017 . The increasing number of business travelers of corporate clients and China ’ s huge economy has boosted the demand for car rental services from business segment during 2012-2017 . Car rental companies have been tying up with companies to attract more corporate clients and earn higher revenues . Car rental for leisure purpose accounted for almost same market share as business segment , ~% ( USD ~ million ) during 2017 . The demand of rental cars for leisure purpose is majorly driven by tourists ’ arrivals from both domestic and foreign countries .
By Mode of Booking : Online as a mode of booking dominated the car rental segment in China which accounted for a share of ~% ( USD ~ million ) during 2017 . Online as a mode of booking car has been increasingly gaining prominence in China , majorly since past two years . The organized players in the market have shifted from traditional models of business to online platforms to beat the market competition and provide better customer services . Offline segment as mode of booking accounted for a share of ~% during 2017 . Offline booking includes booking through phone calls , SMS and by directly approaching a car rental company ( face to face ). Online car booking accounted for a share of ~% ( USD ~ million ) during 2017 .
By Car Type : Hatchbacks have dominated the car rental market with a share of ~% ( USD ~ million ) in terms of transaction value during 2017 due to economic price and likability of travelers . Sedan and SUV accounted for a share of ~% ( USD ~ million ) and ~% ( USD ~ million ) respectively , during 2017 . The customers for the SUV segments represent big corporate , luxury hotels and the high income tourists .
China Cab Aggregator Market