Philippines Car Rental Market Growth, Size, Trends Analysis- By Booking Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Philippines Car Rental Market Introduction and Overview
According to SPER Market Research, ‘Philippines Car Rental Market Size- By Booking Type, By Vehicle Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Philippines Car Rental Market is estimated to reach USD 1244.7 million by 2033 with a CAGR of 7.91%.
An automobile rental is a service that lets individuals or businesses borrow a vehicle for a predetermined period of time, typically ranging from a few hours to several days. With this service, customers can choose from a wide selection of vehicles, such as vans, SUVs, luxury cars, and small cars, providing them with the flexibility to meet a variety of transportation needs.
The COVID-19 pandemic had a significant effect on travel and tourism. This has a big effect on car rentals as well as ride-sharing. The epidemic’s effects included company rating downgrades and market volatility. However, the market started to exhibit resilience after the restrictions were relaxed. The area’s inclination for shared mobility diminished, which further reduced demand for rental cars.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Booking Type, By Vehicle Type
Regions covered Eastern Philippines, Western Philippines, Northern Philippines, Southern Philippines
Companies Covered Avis, Budget Rent a Car, Europcar, Hertz, National Car Rental, Payless Car Rental, Sixt, Thrifty Car Rental, Viajero Car Rental, and Zipcar.
Philippines Car Rental Market Segmentation:
By Booking Type:Based on the Booking Type, Philippines Car Rental Market is segmented as; Online, Offline, Others.sss
By Vehicle Type:Based on the Vehicle Type, Philippines Car Rental Market is segmented as; Hatchbacks, Sedans, Sports Utility Vehicles, and Multi-Purpose Vehicles.
By Region:This research also includes data for Eastern Philippines, Western Philippines, Northern Philippines, Southern Philippines
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the Philippines Car Rental Market.
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Philippines Car Rental Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Car Rental Market
- 7. Philippines Car Rental Market, By Booking Type (USD Million) 2020-2033
- 7.1. Philippines Car Rental Market Size, Share and Forecast, By Booking Type, 2020-2026
- 7.2. Philippines Car Rental Market Size, Share and Forecast, By Booking Type, 2027-2033
- 7.3. Online
- 7.4. Offline
- 7.5. Others
- 8. Philippines Car Rental Market, By Vehicle Type (USD Million) 2020-2033
- 8.1. Philippines Car Rental Market Size, Share and Forecast, By Vehicle Type, 2020-2026
- 8.2. Philippines Car Rental Market Size, Share and Forecast, By Vehicle Type, 2027-2033
- 8.3. Hatchbacks
- 8.4. Sedans
- 8.5. Sport Utility Vehicles
- 8.6. Multi-purpose Vehicles
- 8.7. Others
- 9. Philippines Car Rental Market Forecast, 2020-2033 (USD Million)
- 9.1. Philippines Car Rental Market Size and Market Share
- 10. Philippines Car Rental Market, By Region, 2020-2033 (USD Million)
- 10.1. Philippines Car Rental Market Size and Market Share By Region (2020-2026)
- 10.2. Philippines Car Rental Market Size and Market Share By Region (2027-2033)
- 10.3. Eastern Philippines
- 10.4. Western Philippines
- 10.5. Northern Philippines
- 10.6. Southern Philippines
- 11. Company Profile
- 11.1. Avis
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. Budget Rent a Car
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Europcar
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Hertz
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. National Car Rental
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Payless Car Rental
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Sixt
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. Thrifty Car Rental
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Viajero Car Rental
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Others
- 12. Conclusion
- 13. List of Abbreviations
- 14. Reference Links
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