Car rental remains a high growth area, especially as major companies are reaping profits from their earlier investments through continuous expansion of their fleet sizes. Business purposes continue to dominate total car rental revenue for most major car rental companies. However, short rental revenue continues to account for only a small fraction of total revenue. Both short term and long term car rental revenue grew in 2013 as business travel activity increased. Along with the increasing number of domestic tourists, leisure car rentals also continued to grow. Rising disposable incomes have increased leisure travel among domestic destinations, thus benefiting local car rental services, especially for people touring around the city/area.
Industry Prospects
Business car rental will perform more strongly than leisure car rental during the forecast period as major companies will continue to focus more on business car rental services, especially for long term contracts. Business car rental will remain more profitable as it normally involves longer duration rentals than leisure car rental. Profit margins in the leisure car rental area are also expected to narrow due to increasing competition from independent car rental operators, especially those located in non-major cities. With healthy economic growth projected for Indonesia, business travel levels are expected to increase. Companies with smaller capital expenditures are expected to engage in outsourcing their transportation operations to established car rental companies, especially on a long term contract basis. Therefore, short term car rentals will continue to account for a minor fraction of the total car rental service revenue of major operators.
Full Report Details at
- http://www.fastmr.com/prod/882265_car_rental_in_indonesia.aspx?afid=301
Report Overview
Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Indonesia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Car Rental industry in Indonesia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Car Rental in Indonesia market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
* What is the market size of Car Rental in Indonesia?
* What are the major brands in Indonesia?
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Now Available: Car Rental in Indonesia
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001