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car rental is becoming so popular owing to the increasing tourism industry, MSME sector, and online passenger transport. Some facilities like online reservations, GPS navigation are major factors to drive the growth of singapore car rental market.
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Singapore Car Rental Market Forecast From 2019 to 2024
DESCRIPTION The Singapore car rental market is projected to grow at a CAGR of 3.71% during the forecast period to reach US$1.966 billion by 2024, from US$1.580 billion in 2018. The growth in the market is attributed to the rising cost of owning and maintaining a car in the country.A car rental service rents automobiles for short periods of time for a fee. It is often organized with numerous local branches, and primarily located near airports or busy city areas and often complemented by a website allowing online reservations.
Key Questions Answered By The Report • What will be Singapore Car Rental Market from 2019 to 2024? • How are the major drivers and restraints affecting the Singapore Car Rental Market . • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Singapore Car Rental Market are : • By Car Type • Economy Cars • Luxury Cars • Executive Cars • SUVs • MUVs • By Mode of Booking • Online • Offline • By Rental Category • Local Transport • Airport Transport • Outstation Transport
COMPANY PROFILES • Hertz • Budget • Roset • Sixt • Asia Express Car Rental Singapore • Avis Rent A Car System, LLC
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