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The car rental services procurement category is projected to grow at a CAGR of 7.74% during 2022-2026. The prices are outlined to rise by 4%-6% during the forecast period and suppliers will have high bargaining power in this market. Hertz Global Holdings Inc., SIXT SE, and Europcar Mobility Group SA are a few of the key suppliers in the car rental services market.
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This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the car rental services procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading car rental services suppliers profiled extensively in this report include:
Furthermore, this car rental services procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for car rental services requirements. In addition, most adopted and high-potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers to realize cost savings and identify business strategies to improve sales.
The car rental services procurement market report provides a detailed analysis of various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline the procurement process, and reduce category TCO while sourcing for car rental services requirements.
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The report provides a detailed insight into the most adopted procurement strategies by buyers across industries and an analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings while sourcing for car rental services requirements.
The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full car rental services procurement market report now to get comprehensive details on pricing models
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To optimize the value of the purchase, it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price-influencing factors. During the forecast period, the market expects an incremental spend of USD 49.00 billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through analysis of the following factors:
The car rental services market will register an incremental spend of about USD 49.00 billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!
The drivers and inhibitors that influence these global and regional outlooks are elaborated in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:
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A targeted strategic approach to car rental services sourcing will provide several opportunities. However, in the absence of actionable intelligence on car rental services, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as top-line growth, scalability of inputs, and green initiatives, which will assist buyers in formulating a strategic procurement strategy
The report explains the following key category management objectives that should form the base for sourcing strategy.
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In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.
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Scope of Car Rental Services |
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Report Specs |
Details |
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Page number |
149 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Spend growth (CAGR) |
7.74% |
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Incremental spend |
USD 49.00 billion |
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Pricing growth outlook |
4%-6% |
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Pricing models |
Fixed pricing, Integrated pricing, and Distance-based pricing |
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Supplier selection scope |
Pricing transparency, Ability to provide fuel-efficient and eco-friendly vehicles, Level of technological adoption, and Safety and security measures |
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Supplier opportunities |
Top-line growth, Scalability of inputs, Green initiatives, Category innovations, Supply base rationalization, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Customer retention, Reduction of TCO, and Supply assurance |
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Supplier selection criteria |
Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Legal requirements, Quality control, Change management procedures, Pricing models, Penalty clauses, SLA nuances, Acceptance criteria, and Evaluation criteria |
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Category management scope |
Top-line growth, Scalability of inputs, Green initiatives, Category innovations, Supply base rationalization, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Customer retention, Reduction of TCO, and Supply assurance |
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Top suppliers |
Hertz Global Holdings Inc., SIXT SE, Europcar Mobility Group SA, Localiza Rent a Car SA, Crawford and Co., Avis Budget Group Inc., Midway Car Rental, Silvercar Inc., Uber Technologies Inc., and Carzonrent India Pvt Ltd |
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Market dynamics |
Regional category spend in terms of percentage with respect to North America, South America, Europe, Middle East and Africa and APAC and global category spend and CAGR in terms of percentage over a span of 5 years. |
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Customization scope |
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