Overview

IBISWorld’s Car Rentals market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Car Rental industry in China has developed rapidly in the past five years through 2017, with total revenue growing at an annualized rate of 19.2%. Steady growth has been driven by the expanding customer group for car rental services, rising levels of household disposable income in China and the diversification of services provided by car rental firms. In 2017, the industry is estimated to generate $10 billion, up 15% from 2016.

Before 2007, the industry was limited by the Interim Rules on Administration of Car Rental Industry, which required industry firms to obtain permission for operation. Once the rule was eliminated, an increasing number of enterprises entered the market...

Industry Report - Starting a New Business Chapter

Initial investment

A high level of capital input is essential as companies within the industry need to purchase a large number of cars for operations. In addition, car maintenance expenses, insurance fees and fleet storage expenditure are required for new entrants.

Operation network

The costs associated with the establishment of a nationwide network is a deterrent to entry for new comers.

Brand recognition

Customer loyalty brings repeat rentals to the companies. New entrants of the industry may face the situation of competing with well-recognized company for customers.

Operation scale

The costs of enlarging scale discourage newcomers to enter this industry.

Additional Insights for the Car Rentals Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Car Rentals Industry are

  • Establishment of brand names
  • Economies of scale
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Real Personal Disposable Income and The Tourism Market - Total in the Car Rentals industry impact industry performance..

    shopping_cartVIEW PURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Car Rentals Industry?

    The Car Rental industry in China provides short-term (30 days or fewer) and long-term (more than 30 days) rentals of automobiles, such as passenger vehicles and recreation vehicles. The service of renting cars with drivers is excluded.

    Industry Products
    Short-term car rental
    Long-term car rental
    Industry Activities
    Short-term car rental
    Long-term car rental

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Real Personal Disposable Income
  • The Tourism Market - Total
  • SOCIAL CHANGES AND ATTITUDES
  • Competition from Substitutes - Limousine Service - Taxi Service
  • Systems and Technology - by Industry

  • Current Performance
  • Operating landscape
  • Industry revenue
  • Enterprises and establishments
  • Employment and total wages
  • Capital requirements
  • Car ownership gap
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Car Rentals Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Car Rentals Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Auto & Parts Wholesaling
  • Auto Parts Manufacturing
  • Automobile Manufacturing
  • Car Repair Services

  • Products & Services
  • Short-term car rental
  • Long-term car rental
  • Chart: Car Rentals Industry Products and Services Segmentation

  • Demand Determinants
  • Disposable income levels
  • Price
  • Convenience
  • Travel habits
  • Number of drivers

  • Major Markets
  • Households
  • Corporate firms
  • Governmental institutions
  • Chart: Major Market Segmentation for the Car Rentals Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profitability
  • Purchases
  • Depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Car Rentals

  • Basis of Competition
  • Price
  • Service
  • Network
  • Brand recognition
  • Fleet composition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Car Rentals Industry

  • Industry Globalization
    Major Companies
    China Auto Rental Holdings Inc.EHi Auto Services Co. Ltd.Anji Car Rental & Leasing Co. Ltd.Shenzhen City Extreme Car Rental Co. Ltd.Shouqi Car Rental Co. Ltd.
  • Table: China Auto Rental Holdings Inc. - financial performance
  • Table: EHi Auto Services Co. Ltd. - financial performance
  • Table: Anji Car Rental & Leasing Co. Ltd. - financial performance
  • Table: Shenzhen City Extreme Car Rental Co. Ltd. - financial performance
  • Table: Shouqi Car Rental Co. Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Car Rentals Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Car Rentals Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Car Fleet
  • A group of automobile vehicles owned or leased by car rental companies.
  • Replacement Rental
  • A short-term car rental service provided to customers with cars under repair or maintenance.
  • Residual Value
  • The value of a used rental car that is sold back to the car manufacturer or wholesaler.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Car Rentals:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Car Rentals market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Car Rentals, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear