The Car Rental industry in China has developed rapidly in the past five years through 2015, with total revenue growing at an annualized rate of 20.7%. Steady growth has been driven by the expanding customer group for car rental services, rising levels of household disposable income in China and the diversification of services provided by car rental firms. In 2015, the industry is estimated to generate $7.5 billion, up 17.6% from 2014.
Before 2007, the industry was limited by the Interim Rules on Administration of Car Rental Industry, which required industry firms to obtain permission for operation.
The Car Rental industry in China provides short-term (30 days or fewer) and long-term (more than 30 days) rentals of automobiles, such as passenger vehicles and recreation vehicles. The service of renting cars with drivers is excluded.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.