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The "Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 - Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector" report has been added to ResearchAndMarkets.com's offering.
This report provides a comprehensive analysis of the car rental market of the Philippines. The report covers various aspects including Business Models, Company Profiles, Competition Scenario, Cross Comparisons, Segmentation, Regulatory Environment, Growth Drivers, Issues and Challenges of Car Rental, Car Leasing and Cab Aggregator along with a Snapshot on Yellow Taxi. The report concludes with market projections and analyst recommendations, highlighting the major opportunities and cautions.
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Market Overview
Philippines Car Rental Industry Revenue has grown at a positive CAGR during the period 2013-2018. This growth was supported by the increase in the number of tourist arrivals in the country, government initiatives to promote tourism and the rise in fleet size along with the general economy and business trip growth.
The market faces challenges such as inconsistent local transportation, highly congested roads, and unsafe driving practices. The car rental market is concentrated with a few players. Major global players such as Avis, Hertz, Nissan Rent-A-Car and Europcar are well established in the market.
Economy cars dominated the market for car rentals in the Philippines in the year 2018. The segment has grown due to its affordability, more compact cars on the roads due to increasing traffic problems and increasing business-related trips to the country. Car rental for leisure purposes contributed a major share for the industry in 2018.
Car Leasing Market
Philippines Car Leasing market is at the growing stage supported by the rise in demand by legal entities, and the influx of Chinese immigrants following the Pro-China Policy of the Philippines. The market faces challenges such as companies engaging in price wars, the absence of a regulatory body and car leasing companies facing problems while reselling the used vehicles.
The car rental market is concentrated with a few players such as Nissan Rent- A- Car, Europcar, and Hertz. Sedans dominated the market of car leasing in the Philippines in the year 2018. The segment is driven by factors such as corporate leasing for employee commute and rise in business activities where Sedans are preferred due to affordability. Three year lease period contributed the most to the overall market of the car leasing market in the Philippines in the year 2018.
The segment is majorly preferred as after the duration of three years, the additional cost (maintenance, insurance, and repairs) rises, also, the client does not have to bear the cost of finding a new vendor each year and upgrade to newer models. In the future, it is anticipated that the Philippines car leasing industry revenue will increase at a positive CAGR during the period 2018-2023E.
Companies Covered:
- Avis
- Budget
- Nissan
- Europcar
- Hertz
- Orix
- Diamond Rental
- Grab
- Owto
- Hirna
- Go Lag
- U Hope
- Micab
- Uber
Key Topics Covered:
1. Executive Summary
2. Research Methodology
2.1 Market Definitions
2.2 Abbreviations
2.3 Research Approach
2.4 Variables - Independent and Dependent
2.5 Correlation Matrix
2.6 Regression Matrix
2.7 Limitations and Conclusions
3. Car Rental Market
3.1 Business Model: Revenue Streams and Operating Model
3.2 Industry Revenue and Fleet Size, 2013-2018
3.3 Market Growth Drivers
3.4 By Purpose of Hire, 2018
3.5 By Region, 2018
3.6 By Car Type, 2018
3.7 By Type of Booking, 2018
3.8 Competitive Landscape, 2018
3.9 Company Profiles, 2018
3.10 Issues and Challenges
3.11 Regulatory Environment
3.12 Car Rental Industry Revenue Future Outlook, 2019-2023E
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3.13 By Purpose of Hire - Future Projection 2019-2023E
3.14 By Region - Future Projection, 2019-2023E
3.15 By Car Type, Future Projection- 2019-2023E
3.16 By Type of Booking - Future Projection 2019-2023E
3.17 Analyst Recommendations
4. Car Leasing Market
4.1 Business Model (Operating Flow and Role of Entity)
4.2 Industry Revenue and Fleet Size, 2013-2018
4.3 Growth Drivers
4.4 By Lease Duration, 2018
4.5 By Region, 2018
4.6 By Car Type, 2018
4.7 Competitive Scenario
4.8 Issues and Challenges
4.9 Car Leasing Industry Revenue- Future Outlook and Projections, 2019 - 2023E
4.10 By Duration - Future Projection, 2019- 2023E
4.11 By Region - Future Projection, 2019-2023E
4.12 By Car Type - Future Projection, 2019-2023E
4.13 Analyst Recommendations
5. Cab Aggregator Market
5.1 Business Model (Operating Flow and Role of Entity)
5.2 Cab Aggregator Industry Revenue and Fleet Size, 2013-2018
5.3 Growth Drivers
5.4 By Region, 2018
5.5 Competitive Landscape
5.6 Company Profiles
5.7 Case Study: Grab and Uber
5.8 Issues and Challenges
5.9 Regulatory Environment
5.10 Cab Aggregator Industry Revenue- Future Projections 2019- 2023E
5.11 By Region - Future Projection, 2019-2023E
5.12 Analyst Recommendations
6. Snapshot on Yellow Taxi (Key Parameters and Fleet Size)
For more information about this report visit https://www.researchandmarkets.com/r/py1q1t
View source version on businesswire.com: https://www.businesswire.com/news/home/20200203005364/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.