Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry, the car rental market in the Netherlands has ample growth potential in the coming years.
Consumer Interests for On Demand Transportation: Commuters are increasingly demanding familiar, reliable, and high-quality travel services during their travel. With the new trend evolution of ‘bleisure’, gaining popularity across the country is skyrocketing the market. Factors such as rise in trend of on-demand transportation services and low rate of car ownership among millennials have propelled the growth of car rental market in the country. Additionally, the growing number of car rental services especially in metropolitan regions and airports along with increased spending power, and changing lifestyles of people.
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Advancement of Technology: The impact of technological advancements have revolutionized the industry in recent years. Improved customer and corporate information management and hassle-free internet booking applications are the two prominent ways of assisting car rental service operators to offer enhanced services.
Mission Zero and Formula E-Team: in the Netherlands “The Mission Zero” Powered by Holland presentation outlines how the Netherlands wants to lead the way to a zero-emission future. In addition to this, the Formula E-Team (FET) was set up to promote developments in electric transport. It is a public-private collaboration between the government, companies, and knowledge institutions. The FET implements the promise of 100% net sales to be zero emissions by 2030.
Rise in gasoline and Severe Competition: Hike in fuel, gasoline prices and severe competition are the two major challenges the Netherlands Car Rental market is witnessing. Gasoline prices began soaring as a result of lockdowns being lifted, followed by Russia’s invasion of Ukraine. High competition from organized players impacts unorganized players negatively, especially with the entry of new international players in the market affecting the growth of local players.
Analysts at Ken Research in their latest publication “Netherlands Car Rental Market Outlook to 2027F – Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry” observed the potential of the Car Rental Market in the Netherlands. The expansion of the tourism industry with rising foreign tourists in the Netherlands and On- Demand for transportation, the rising need for transportation options in the Netherlands, and increasing demand from customers along with government incentives on electric vehicles are expected to contribute to the market growth over the forecast period. The Netherlands Car Rental Market is expected to grow at 13.7% CAGR over the forecasted period 2022P-2027F owing to the increasing demand from the working-age population and expansion of the tourism and travel Industry.
Netherlands Car Rental Market:
- By Market Structure:
- Organized market
- Unorganized market
- By Type of Vehicles:
- Small Cars/ Hatchbacks
- Sedans
- SUVs
- Others
- By ICE/EV:
- ICE (Internal Combustion Engine
- Electric Vehicles
- By Region:
- Central
- South
- North
- By Mode of Booking:
- Online
- Offline
- By Client:
- Business
- Leisure
- By Pick-up:
- Off-Airport
- On-Airport
Key Target Audience
- Car Rental Companies aiming to establish in the Netherlands
- Netherlands automotive industries
- Government Bodies & Regulating Authorities
- Venture Capitalist targeting the car rental market
- Automotive industry association
Time Period Captured in the Report:
- Historical Year: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
Companies Covered:
- Car Rental Company
Avis Budget Group
Hertz
Euro Mobil
Rent a Car
Europcar
SIXT
Enterprise
Key Topics Covered in the Report
- Overview of Automotive Industry in the Netherlands
- Overview and Genesis of Car Rental Market in Netherlands
- Ecosystem of Netherlands Car Rental Market
- Business Cycle and Value Chain Analysis of Car Rental Market in Netherlands
- Netherlands Car Rental Market Sizing, 2017- 2022P
- Market Segmentations of Car Rental Market in Netherlands (by Market Structure, by Type of Vehicle, by ICE/ EV, by Mode of Booking, by Pick-up, by Client, by Region), 2022P
- Snapshots on Car Sharing, Cab Aggregators, Car Pooling/ Ride, Self- Driven Cars and Bike Aggregators
- SWOT Analysis of Netherlands Car Rental Market
- Growth Drivers of Netherlands Car Rental Market
- Government Regulations And Incentives of Netherlands Car Rental Market
- Trends and Developments of Netherlands Car Rental Market
- Challenges of Netherlands Car Rental Market
- Competitive Analysis of Car Rental Market in Netherlands
- End User Analysis of Car Rental Market in Netherlands
- Future Outlook and Projections of Car Rental Market in Netherlands, 2022P-2027F
- Market Opportunities and Analyst Recommendations
For more insights on the market intelligence, refer to the link below:-
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