#Philippines Car Rental Market Size
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The Philippines Car Rental Market is valued at USD 507.62 Million in 2021 and is expected to register a CAGR of over 7.64% during the forecast period, 2022-2027.The report also offers the market dynamics, latest trends, size, share and industry overview.
#Philippines Car Rental Market#Philippines Car Rental Market Size#Philippines Car Rental Market Share#Philippines Car Rental Market Trends#Philippines Car Rental Market Analysis
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Philippines car rental market is in the growing stage, driven by the increase in disposable income and the rising demand from tourist activities: Ken Research
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With the Covid’19 pandemic getting over and removal of travel restrictions, the market is again picking up and is expected to continue growing in the coming years as renting a car for travel is faster and more convenient than public transport or other means to get around the city.
Covid Impact on Market: Before the pandemic, between 2017 and 2019, the market was surging at a steady rate as the service was becoming more popular among users due to its affordability and convenience and higher internet penetration. Post pandemic, the market demand was highly impacted and negatively affected. The long duration of lockdowns forced companies to lay off the vehicles to reduce their loss and hence, the fleet size decreased.
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Demand from Tourist Activities: With the travel restrictions and safety concerns, the tourist movement completely stopped. Along with that, offices were operating remotely, hence there was not much demand in the market. With the removal of travel restrictions, the market is again picking up and is expected to continue growing in the coming years.
Increase in Disposable Income: With an increase in disposable income of people from the previous year, the paying capacity of people have increased. With this people has been spending more than earlier on renting cars.
Analysts at Ken Research in their latest publication “Philippines Car Rental Market Outlook to 2027F - Driven by the increase in tourism and business activities along with deeper internet penetration and adoption of digital services.” observed that the Philippines car sharing market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the adoption of smartphones. The Philippines Car Rental Market is expected to grow at robust CAGR over the forecasted period 2022P -2027F.
Key Segments Covered in the report
Philippines car Rental Market
By Type of Booking
Online market
Offline market
By Type of Car
Small Cars(PHP 3500-7500 / Per trip)
Medium(PHP 3500-7500 / Per trip)
Luxury(PHP 7500+)
By Purpose
Leisure
Business
Philippines Car Leasing Market
By Type of Region
Manila
Luzon
Visayas
Mindanao
By Time Duration
1 year
2 year
3 year
4 or more year
By Vehicle Price Range
Sedan(PHP 20000-35000
SUV(PHP 35000-50000)
Premium(PHP 50000+)
By Type of End User
Corporate
Retail Individuals
Philippines Ride Hailing Market
�� By Type of Region
Metropolitan
Non Metropolitan
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Philippines Ride Sharing Market
By Point of Service
Rest Area
At Airport
By Type of Car
Sedan
SUV
By Type of Distance
Short distance
Long distance
Philippines Self-Drive Car Rental Market
By Type of Region
Metro cities
Non metro cities
By Type of Booking Channel
Online
Offline
By Usage
Intercity
Intracity
By Time Period
1-2 days
A week
A month
By Type of Car
Standard (PHP 1500 + / per hour)
Luxury (PHP 1000-4000/24hours)
By Type of Booking Period
Weekend
Weekdays
By Segment of Car
Standard
luxury
By Status of Ownership
Owned
Leased
By Point of Service
At Airport
Rest area
Key Target Audience
Car Rental Service Providers
Car Rental Companies aiming to establish in the Philippines
Philippines Automotive Industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association
Car Manufacturers
Existing Car Rental Companies
OEM Dealerships
New Market Entrants
Investors
Car Rental Associations
Time Period Captured in the Report:
Historical Period: 2017-2022
Base Year: 2022
Forecast Period: 2022-2027
Companies Covered:
Car Rental
Diamond Rent-a-Car
Luxicar
Voyg
Rent a Car ECLPI
Avis
Hertz
SafeRide
Self-Drive
Europcar
Thrifty
Juzzr Car Rental
Hertz
Voyg
SafeRide
VPI
Ride Hailing
Grab
JoyRide
Hirna
Maxim
Ride Sharing
Grab
Hirna
Car Leasing
Orix
Avis
Diamond Rent-a-Car
Europcar
Herts
ECLPI Rent a Car
Key Topics Covered in the Report
Overview and Genesis of Car Rental Market in Philippines
Ecosystem of Philippines Car Rental Market
Business Cycle of Philippines Car Rental Market
Timeline of Major Players of Philippines Car Rental Market
Value Chain Analysis of Philippines Car Rental Market
Philippines Car Rental Market Sizing, 2017- 2022
Market Segmentations of Car Rental Market in Philippines
Snapshots on different Car Rental Markets in Philippines
Industrial Analysis of Car Rental Market in Philippines
Competitive Analysis of Car Rental Market in Philippines
Future Outlook and Projections of Car Rental Market in Philippines
For More Insights On Market Intelligence, Refer to the Link Below: –
Philippines Car Rental Market Outlook to 2027
Related Reports by Ken Research: –
Vietnam Car Rental Market Outlook to 2027F
Belgium Car Rental Market Outlook 2027F
#Philippines Car Rental Market#Philippines Car leasing sector#Philippines Car leasing Industry#Philippines vehicle rental industry portfolio#Philippines Passenger Car market size#Philippines Automotive Market Passenger Car sector#Philippines Car Sharing Market size#Philippines Cab Aggregator Market#Philippines Self-Driven Market#Philippines Car Pooling/Ride-Sharing Market#Philippines Car Rental Market Vehicle type#Philippines Car Rental Market Booking mode#Philippines Car Rental Market Pick-up market share#Philippines Regional Car Rental Market share#Philippines Car Rental market Trends#Challenges Car Leasing Philippines#Opportunities Car rent Philippines#Car Rental and Leasing Service Providers Philippines#Philippines Car Leasing Lenders#Leading Players in Philippines Car Sharing Market#Competitors in Philippines Car Rental Market#Emerging Players in Philippines hire car Market#Major players in Philippines Vehicle Rental Market#Vehicle rental Companies in Philippines#Top Captive players in Philippines Car-Hire Industry#e-platform players Philippines Car rental Market#Philippines Car Rental Market Average rental duration#Philippines Car Rental Market Future Market Sizing Analysis#Philippines car rental services market#Tourism vehicle rental market size
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Travel Agencies Market Aims to Expand at Double Digit Growth Rate up to 2027 | Asia World Enterprise, Carlson Wagonlit Travel, Central America Travel Services, etc.
Travel Agencies market report is the major research for those who look for an entire analysis of markets. The report covers all information on the Global and regional markets including old and future trends for market demand, size, trading, supply, competitors, and prices as well as Global predominant vendors’ information. We have provided CAGR, value, volume, sales, production, revenue, and other estimations for the global as well as regional markets. The market is designed to serve as a ready-to-use guide for developing accurate pandemic management programs allowing market players to successfully emerge from the crisis and retract numerous gains and profits. The players included in this report are chosen in terms of their product portfolio, market share, brand value, and the well-being of the organizations. Our report based on current situations across the globe. You can get a sample copy of the report here @ https://www.datalabforecast.com/request-sample/57066-travel-agencies-market **Note: Don’t miss the trading opportunities on Travel Agencies Market. Talk to our analyst and gain key industry insights that will help your business grow as you create sample reports. Note- This report sample includes: • Brief Introduction to the research report • Table of Contents (Scope covered as a part of the study) • Research framework (Structure of The Report) • Top players in the market • The research methodology adopted by Data Lab Forecast
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Travel Agencies Market
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Travel Agencies Market: Key Players The major market players that are operating in the Travel Agencies market are Asia World Enterprise, Carlson Wagonlit Travel, Central America Travel Services, Regency Travel & Tours, Adelman Travel Group, AdTrav Travel Management, Atlas Travel International, Balboa Travel Management, Cain Travel, Expedia, Frosch International Travel, Global Crew Logistics, Kintetsu International Express, Montrose Travel, Omega World Travel, Ovation Travel Group, Thomas Cook, Travel and Transport, Travelocity, Travelong, TravelStore, TripAdvisor, Uniglobe Travel International, World Direct Travel Detailed Segmentation: Global Travel Agencies Market, By Product Type: ⇛ International and Domestic Airline Bookings, Tour and Packaged Travel Bookings, Accommodation Bookings, Cruise Bookings, Car Rental, Others. Global Travel Agencies Market, By End User: ⇛ Application A, Application B, Application C. Do You Have Any Query or Specific Requirement? 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Car Rental Management Solution Market Size, Share, Growth & Trend Analysis Report by 2021 - 2027
A recently added research report illustrating details on “Global Car Rental Management Solution Market 2027” conveys key insights on specific market components such as competition intensity, regional development opportunities, vendor profiles and essential understanding of most potential growth triggers and vendor activities that harbinger growth in global Car Rental Management Solution market. Crucial details on SWOT analysis, PESTEL analysis and Porter’s Five Forces scientific reviews have been pronounced with extraordinary detail in the report to encourage high investment returns by leading players in global Car Rental Management Solution market. The report carries out a deep analytical study to distinguish and comprehend the capability of core factors that stimulate very good quality development.
Global Car Rental Management Solution market research report includes reliable economic, international, and country-level forecasts and analysis to provide holistic view on Car Rental Management Solution market. It also offers total analysis on competitive market and intensive analyses of the supply chain to make comprehend users about the changing market patterns. This will assist them to offer products and services to their customers according to the changing needs.
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Key Players Mentioned at the Car Rental Management Solution Market Report:
Titanium SystemsCaag SoftwareEasy Rent ProDatalogic ConsultantsThermeonEcalypseSarmas BVCarPrSystemsFleetMasterXiteagencyIbexrentacarDogma Systems
Applications
Small and Medium Enterprises (SMEs)
Large Enterprises
Types
Cloud-base
On-premises
Car Rental Management Solution Market: Regional analysis includes:
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
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The research study can answer the accompanying key inquiries: • What are the prominent factors driving the Car Rental Management Solution Application Market across different regions? • What will be the progress rate of the Car Rental Management Solution Application Market for the conjecture period 2021-2027? • Who are the major vendors dominating the Car Rental Management Solution Application industry and what are their winning strategies? • What are the challenges faced by the Car Rental Management Solution Application Market? • What will be the market scope for the assessed period? • What are the significant patterns shaping the expansion of the business in the coming years?
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Global Liquefied Natural Gas Market Audience, Geographies and Key Players 2026
Liquefied Natural Gas market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Liquefied Natural Gas market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.
ALSO READ :https://icrowdnewswire.com/2019/11/05/running-watches-market-2019-global-industry-key-players-size-trends-opportunities-growth-analysis-and-forecast-to-2025/
Segment by Type, the Liquefied Natural Gas market is segmented into High-calorific Low-calorific
Segment by Application, the Liquefied Natural Gas market is segmented into Transportation Fuel Power Generation Mining & Industrial
ALSO READ : http://www.marketwatch.com/story/industrial-internet-of-things-iiot-market-2021-share-growth-trend-industry-analysis-and-forecast-to-2026-2021-01-18
Regional and Country-level Analysis The Liquefied Natural Gas market is analysed and market size information is provided by regions (countries). The key regions covered in the Liquefied Natural Gas market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
ALSO READ : http://www.marketwatch.com/story/luxury-car-rental-market-2021-global-trends-share-growth-analysis-opportunities-and-forecast-to-2024-2021-01-19
Competitive Landscape and Liquefied Natural Gas Market Share Analysis Liquefied Natural Gas market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Liquefied Natural Gas business, the date to enter into the Liquefied Natural Gas market, Liquefied Natural Gas product introduction, recent developments, etc.
ALSO READ : http://www.marketwatch.com/story/luxury-car-rental-market-2021-global-trends-share-growth-analysis-opportunities-and-forecast-to-2024-2021-01-19
The major vendors covered: BP Shell Chevron Exxon Mobil Total PetroChina Equinor Sinopec Gazprom Canadian Natural Resources ConocoPhilips Eni
ALSO READ : http://www.marketwatch.com/story/organic-juices-market-growth-2021-2025-by-covid-19-impact-revenue-profit-leading-companies-opportunities-and-global-industry-trends-2021-01-20
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The increase in internet penetration and adoption of smart phones in the country will boost Philippines Car Rental Market: Ken Research
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1.With increase in internet penetration and digital adoption in the country, car rental services are shifting to online platforms for direct bookings and confirmations.
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With the increase in internet penetration and adoption of smart phones, the market for car rental services has expanded, hence becoming easier for people to access. Ongoing developments in the Philippines car rental market such as integrating Services with Internet of Things, Online Bookings, Unique Business Models, Reliable Personal Identification Process, and Scanned Fingerprints are helping the car rental market to grow. Car rental companies are moving to online platforms for direct bookings and confirmations as internet usage and digital adoption rise throughout the nation. As a result, the procedure is hassle-free and contactless.
2.In the last few years, the mode of booking for car rental services has shifted from offline to online platforms
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In the last few years, the mode of booking for car rental services has shifted to online platforms with 60% bookings being made online. This can be attributed to the increasing internet penetration and familiarity of online bookings across the country along with the easy booking process and time saving benefits of online bookings.
3.The household distribution of vehicle ownership (car/ jeep/ van) is less than 10%.
The household distribution of vehicle ownership (car/ jeep/ van) is less than 10% due to high vehicle ownership costs, maintenance costs and increasing traffic and congestion in urban areas. This provides the car rental industry with a bright future and big potential market to capture.
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Global Electric Car Rental Market Updates, News and Data 2026
Summary
A new market study, titled “Global Electric Car Rental Market Insights and Forecast to 2026 ” has been featured on WiseGuyReports.
Electric Car Rental market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Electric Car Rental market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.
Segment by Type, the Electric Car Rental market is segmented into Economy cars Luxury cars
ALSO READ: https://www.openpr.com/news/2093488/electric-car-rental-market-2020-global-industry-analysis
Segment by Application, the Electric Car Rental market is segmented into Electric Cars Others
Regional and Country-level Analysis The Electric Car Rental market is analysed and market size information is provided by regions (countries). The key regions covered in the Electric Car Rental market report are North America, Europe, China, Japan, South Korea and India. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026. Competitive Landscape and Electric Car Rental Market Share Analysis
Electric Car Rental market competitive landscape provides details and data information by manufacturers. The report offers comprehensive analysis and accurate statistics on production capacity, price, revenue of Electric Car Rental by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on production, revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue, and the production capacity, price, revenue generated in Electric Car Rental business, the date to enter into the Electric Car Rental market, Electric Car Rental product introduction, recent developments, etc. The major vendors covered: Avis Budget Group Enterprise Holdings Europcar Group Hertz Sixt BlueIndy DriveElectric Drive Electric Orlando DriveNow Easirent Green Motion Wattacars Zoomcar
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Global Robo-Taxi Market Trends, Growth, Opportunities,Market Size Forecast to 2028| Major Competitors Waymo LLC, Daimler AG., GM Cruise LLC., Aptiv., AB Volvo, Ridecell, Inc, Tesla, Uber Technologies Inc., Volkswagen AG, Lyft, Inc., Ford Motor Company, General Motors.
Robo-taxi market will grow at a CAGR of 113.05% in the forecast period of 2021 to 2028. The rising race to deploy autonomous vehicles is an essential factor driving the robo-taxi market.Robo-Taxi or Robo-Cab, are the type of taxis which are self-driven, without a chauffeur. They are autonomous cars of autonomic level 4 or level 5 operated for a virtual hailing service. They are fuel efficient vehicles that do not emit any harmful carbon gases, thereby protecting the environment. These eco-friendly automated vehicles, less cost, consume less battery and thereby reduce the cost of operating cars.
Rising demand for fuel-efficient and emission-free vehicles is a crucial factor accelerating the market growth, also rising need for better road safety and traffic control, rising elimination of drivers from taxis reduces the overall operational cost, thereby making it cost-effective, rising need to reduce the level of accidents that arise due to manual errors to ensure safer roads a better traffic control, increasing need to reduce the level of carbon emissions from diesel operated cars and to move towards a more sustainable and eco-friendly environment and rising demand for autonomous vehicles, which consume less battery and less gas are the major factors among others boosting the robo-taxi market. Moreover, rising government initiatives to drive the market, rising robotic assistance and rising rapid urbanization to develop better infrastructure in developing nations will further create new opportunities for robo-taxi market in the forecast period mentioned above. However, rising machines jeopardizing human jobs likely to reduce wide acceptance, increased Research and development cost for implementation and rising cybersecurity threats are the major factors among others which will curtail the market growth, while difficulty in navigation in crowded spaces and gaining public and individual trust will further challenge the robo-taxi market in the forecast period mentioned above.
Global Robo-Taxi Market, By Level of Autonomy (L4, L5), Application (Passenger Transport, Goods Transport), Service (Station-Based, Car Rental), Vehicle (Shuttle/Van, Car), Propulsion (Hybrid, Electric, Fuel Cell), Component (Camera, LIDAR, Radar, Ultrasonic Sensors), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 Robo-taxi market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to robo-taxi market. This robo-taxi market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on robo-taxi market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Robo-Taxi Market Scope Country Level Analysis:
Robo-taxi market is analyzed and market size, volume information is provided by country, level of autonomy, application, service, vehicle, propulsion and component as referenced above.The country section of the robo-taxi market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. The countries covered in the robo-taxi market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).Asia-Pacific dominates the robo-taxi market due to increasing number of vehicles on the road that has led to traffic congestion, growing concern about pollution, rising favorable government policies to adopt EVs have attracted many players to deploy Robo-taxis, increasing development of support infrastructure, such as charging stations, has encouraged OEMs to test their vehicles and also the Chinese government has structured guidelines in place for the testing and implementation of the Robo-taxis in this region.
Robo-Taxi Market Scope and Market Size:
Robo-taxi market is segmented on the basis of level of autonomy, application, service, vehicle, propulsion and component. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of level of autonomy, the robo-taxi market is segmented into L4 and L5.
Based on application, the robo-taxi market is segmented into passenger transport and goods transport. Passenger transportation segment is the leading segment projected to be the largest and the fastest market during the forecast period due to the expected lower the cost of car ownership with greater convenience and less number of road accidents. Based on service, the robo-taxi market is segmented into station-based and car rental. Based on vehicle, the robo-taxi market is segmented into shuttle/van and car. Car segment is the leading segment to hold the largest market share during the forecast period due to rising robotic assistance used for delivery, supplies pick up, and other routine tasks by autonomous cars for small businesses among others. Based on propulsion, the robo-taxi market is segmented into hybrid, electric and fuel cell. The robo-taxi market is also segmented on the basis of component into camera, LIDAR, radar and ultrasonic sensors.
The major players covered in robo-taxi market report are Waymo LLC, Daimler AG., GM Cruise LLC., Aptiv., AB Volvo, Ridecell, Inc, Tesla, Uber Technologies Inc., Volkswagen AG, Lyft, Inc., Ford Motor Company, General Motors., BMW AG, TOYOTA MOTOR CORPORATION, Continental AG, DENSO CORPORATION., NVIDIA Corporation, Mobileye and Robert Bosch GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Reasons for buying this Robo-taxi market Report:
Laser Capture Robo-taxi market report aids in understanding the crucial product segments and their perspective.
Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Laser Capture Robo-taxi market industry.
Even the Laser Capture Robo-taxi market economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.
This report provides a more rapid standpoint on various driving facets or controlling Medical Robotic System promote advantage.
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Robo-taxi market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Robo-taxi market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model?
Which are the Global Opportunities for expanding the Robo-taxi market?
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OFF-HIGHWAY VEHICLE (OHV) TELEMATICS MARKET ANALYSIS
Off-Highway Vehicle (OHV) Telematics Market, By End-use Application (Construction, Agriculture and Mining) by Technology (Cellular and Satellite), by Sales Channel (OEM and Aftermarket), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Press Release : Off-Highway Vehicle (OHV) Telematics Market
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Market Insight- Global Off-highway Vehicle (OHV) Telematics Market
Market Overview
Telematics is the technology of receiving, sending, and storing information through the use of telecommunication devices. Telematics is typically used in road transport, electric engineering, road safety, and computer science. Telematics involves different technologies including global navigation satellite systems, integrated telecommunications and informatics, and the use of road vehicles with telematics. Practical applications of telematics include vehicle tracking, container tracking, trailer tracking, fleet management, telematics standards, car-sharing, emergency warning for cars, auto insurance, etc. Furthermore, off-highway vehicle (OVH) telematics refers to the integrated use of information and communication with telecommunications technology. OVH telematics finds applications in various sectors including agriculture, mining, constructions, etc.
The global off-highway Vehicle (OHV) telematics market is estimated to account for US$ 116.3 Mn in terms of value in 2019 and is expected to grow at a CAGR of 13.3% during the forecasted period 2019-27.
Market Dynamics- Drivers
Gradual growth of construction industry after global economic recession is expected to drive growth of the global off-highway vehicle (OHV) telematics market during the forecast period
Growing construction activities in private as well as public sectors are expected to boost the market growth in the near future. There is a number of infrastructure-related projects underway or planned across the globe in countries such as India, Philippines, UAE, Saudi Arabia, Egypt, Nigeria, and the U.S. For instance, in the Union Budget 2014–15, the Government of India allocated a budget of US$ 1.12 billion for the current fiscal year as part of the ‘One Hundred Smart Cities’ project. Moreover, over the following 20 years, the government is expected to invest US$ 650 billion in various urban and infrastructure projects in the country. In the Middle East, various infrastructure projects are under development namely Jeddah Economic City (Saudi Arabia), Masdar City (UAE), and Dubailand (UAE). This rampant development in infrastructure projects is expected to boost the demand for construction equipment, which in turn, is expected to support growth of the market during the forecast period.
Presence of regulatory policies to increase security and safety of off-highway vehicles is expected to propel the global off-high vehicle (OHV) telematics market growth over the forecast period
Governments across numerous countries are developing stringent policies to ensure safety and security of off-highway vehicles. This includes periodic inspection, timely servicing of brakes, and integration of electronic tools and communication systems in these vehicles. According to the U.S. Department of Labor’s work practice established for operation of heavy equipment, it is obligatory to check engine parts, service brakes and other accessories of heavy equipment such as dump trucks and loaders at the beginning of each shift, in order to ensure safety. Telematics system offers timely updates of engine and drives performance to the fleet operator and also works as a mode of communication. Moreover, installation of telematics in heavy equipment minimizes labor and time required for manual checking of equipment. Therefore, strict government policies are expected to boost the global off-high vehicle (OHV) telematics market growth over the forecast period.
North America region dominated the global off-highway Vehicle (OHV) telematics market in 2019, accounting for 63.7% share in terms of value, followed by Europe and Asia Pacific, respectively
Market Dynamics- Restraints
Growing reluctance of end users to change business practices is expected to restrain growth of the global off-high vehicle (OHV) telematics market during the forecast period
Telematics systems facilitate real-time monitoring of off-highway vehicles and also drivers. Majority of fleet operators and drivers operating off-highway vehicles consider this to be an intrusion of privacy and are reluctant to install telematics systems in their fleets. Telematics systems collect and transmit information such as real-time tracking, vehicle diagnostics, changes in speed and harsh driving practice, among others. However, car rental companies are reluctant to provide such data of their fleet with third-party telematics solution providers. Moreover, growing uncertainty among fleet operators rewarding legal connotations related to installation of trackers is expected to hamper the global off-high vehicle (OHV) telematics market growth in the near future.
Lack of training for the use in heavy equipment is expected to hinder the global off-high vehicle (OHV) telematics market growth over the forecast period
Slow adoption and lack of awareness among fleet owners for adoption of telematics systems are expected to reduce exposure of heavy equipment operators and OHV drivers to advanced telematics systems. However, educational training programs will facilitate them to understand benefits system and its effective use. Hence, these factors are expected to restrain the market growth in the near future.
Market Opportunities
Significant market potential in emerging economies such as India and China
Although China and India are the largest market for off-highway equipment, the penetration of telematics is low in these countries as compared to North America and Europe. Increasing awareness regarding significance of telematics systems in OHV and rapid development in these countries is expected to provide major growth opportunities in the near future. Moreover, numerous manufacturers are launching OHV equipped with telematics systems, in order to capitalize on the lucrative market in the region. For instance, in 2015, JCB launched ‘JCB Livelink’, a telematics system that allows users to remotely track equipment, in the India market.
Rising integration of Internet of Things (IoT) can provide major business opportunities
IoT has evolved through union of micro-electromechanical systems, internet, and wireless technologies. With IoT, fleet owners can remotely monitor the vehicle speed, tire air pressure, fuel consumption, and driver behavior, which in turn, can be used to improve efficiency of the vehicle and the driver. Telematics systems developers can integrate this technology to develop telematics solutions as per specific requirements in mining, agriculture and construction industries, where operational cost is significant. Moreover, it can be used to deliver specific telematics solutions to specific requirements of mining, agriculture, and construction industries sectors.
In global off-highway Vehicle (OHV) telematics market, by technology segment cellular sub-segment dominated the global off-highway Vehicle (OHV) telematics market in 2019, accounting for 73.3% share in terms of value, followed by satellite sub segment.
Market Trends
Rising partnership and collaboration activities among OEMs and telematics providers
Major OEMs are focused on collaborating with telematics solution providers, in order to offer enhanced services and strengthen the market presence. For instance, Major OEMs such as JCB, Komatsu, John Deere, and Caterpillar collaborated with telematics companies such as Microlise, ORBCOMM, and Trimble to offer one-stop hardware and service solution for end users. Moreover, OEMs are focused on introducing off-highway vehicles equipped with telematics systems, in order to reduce the role of telematics system providers in the aftermarket.
Growing adoption of telematics by equipment rental companies
Equipment rental companies play a crucial role in mining, construction, and oil & gas sectors across the globe. Telematics provides enhanced safety and security with lost-cost of ownership, performance monitoring of fleet, and precise billing of future or historic job. These factors are encouraging equipment rental companies to adopt telematics in the near future.
Value Chain Analysis
Competitive Section
Key players operating in the global off-high vehicle (OHV) telematics market are TomTom International BV, Zonar Systems Inc., Harman International Industries Inc., Bridgestone Europe NV/SA, Trackunit A/S, ORBCOMM Inc., Omnitracs LLC, Topcon Corporation, Navman Wireless, Wacker Neuson SE, and MiX Telematics Limited.
Key Developments
Key companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in April 2019, Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation, acquired TomTom Telematics, a subsidiary of TomTom International BV for US$ 1 billion.
Major players in the market are involved in product launches, in order to gain a competitive edge in the market. For instance, in April 2019, Harman International Industries Inc., a subsidiary of Samsung Electronics, introduced 5G-ready Telecommunication Control Unit (TCU).
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Global Vehicle-to-Grid (V2G) Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025
Summary – A new market study, “ Global Vehicle-to-Grid (V2G) Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025 ” has been featured on WiseGuyReports.
Vehicle-to-grid (V2G) describes a system in which plug-in electric vehicles, such as electric cars (BEVs) and plug-in hybrids (PHEVs), communicate with the power grid to sell demand response services by either delivering electricity into the grid or by throttling their charging rate.
Large-scale electric vehicle ordered charging can optimize power system operation, reduce peak loads, thus improving the operation safety and economy of power system. Compared with the traditional fuel vehicles, electric vehicles can greatly reduce primary energy consumption and greenhouse gas emissions.
Many countries have set objectives to expand the EV market in the coming decades, and each has taken a different approach to the policy enablers that they hope will help stimulate the market in the near term. Their motivations are similar: to improve air quality in vehicle-dense urban areas, to reduce transportation sector emissions of GHGs, and to achieve greater energy independence by reducing foreign oil imports.
Shortcomings in vehicle uptake have been feared by many to be the result of driver anxiety about vehicle range. Frequently, policy proposals to solve vehicle range issues call for networks of high capacity charging stations. In theory, giving drivers the ability to charge vehicles on-the-go could reduce range anxiety and mimic the refueling infrastructure to which drivers of gasoline-powered cars have become accustomed.
Also Read : https://www.newsmaker.com.au/news/378026/vehicletogrid-v2g-market-2020-global-share-trend-segmentation-analysis-and-forecast-to-2026#.Xyr8wygzaM8
The costs of driver adaptation underlie the challenge of stimulating EV market growth. Within the technical constraints of today’s vehicles, there is no way to meet all drivers’ vehicle range requirements for all trips. Drivers may be willing to find alternate modes of transportation, such as public transit or car rentals, if they are sufficiently compensated for the inconvenience. The question is: what is the required compensation, and where in the economic equation can it be captured?
Global Vehicle-to-Grid (V2G) market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vehicle-to-Grid (V2G).
This report researches the worldwide Vehicle-to-Grid (V2G) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Vehicle-to-Grid (V2G) breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
AC Propulsion
Corinex
Coritech
EnBW
Endesa
EnerDel
EV Grid
Hitachi
Next Energy
NRG Energy
PG&E
Vehicle-to-Grid (V2G) Breakdown Data by Type
Unidirectional V2G
Bidirectional V2G
Vehicle-to-Grid (V2G) Breakdown Data by Application
Peak power sales
Spinning reserves
Base load power
Peak power as a form of direct load control (DLC)
Peak power to reduce demand charges
Reactive power
Vehicle-to-Grid (V2G) Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Vehicle-to-Grid (V2G) Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Vehicle-to-Grid (V2G) capacity, production, value, consumption, status and forecast;
To focus on the key Vehicle-to-Grid (V2G) manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Vehicle-to-Grid (V2G) :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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The Real Estate Conversation
The Real Estate Conversation
There has never been a better time for first home buyers and would-be investors to buy a house in Darwin, according to CoreLogic data. Darwin's declining population is weighing on the property market, Quentin Kilian, chief executive of the REINT, told SCHWARTZWILLIAMS. The Darwin real estate market has bottomed, so local owners should feel less pressure to take the first offer that comes along, says Glenn Grantham, general manager, Raine & Horne Darwin. Elaine Mills speaks to SCHWARTZWILLIAMS about the innovations she has introduced in her business, including employing virtual assistants in the Philippines to do the administration for her property managers. Karl Secondis of One Real Estate, Darwin, has been a successful agent for more than 20 years.
The "negative gearing" of investment properties is not well understood by the general public, and I also tend to think that most residential investment properties in Australia, are not negative geared for taxation purposes. They are purchased to provide positive income, investment, and security for the future. It seems that some of the aged persons over 65, that are not collecting an aged pension, are the ones that own residential investment property. Negatively geared, not on your life. In many locations through-out Australia the capital growth of property is quite low, so owning a rental property that is rented at a loss becomes a liability. Every year, there will be business' that run at a loss, and it would be virtually impossible to identify an "intentional loss for taxation purposes". The ownership of investment properties is with-out doubt, one of the prime sources of "intense jealousy" between various people within the Australian community. This is probably why the issue of "negative gearing" of property has become so intense.
Every year Forbes publishes the list of the richest people in Australia. 2009 showed a drop in the number of billionaires (we're down to 9) but despite the changes in the economy these entrepreneurs proved that fortunes can still be made. Almost everyone on the list started out with a small venture that eventually flourished with dedication and a mind-set to defy the odds against making it big. They are an inspiration to Australians everywhere with dreams of success to hold their course and just keep going. 590 million at the age of 84? Mr. Alter landed on the shore in 1949 right out of Poland and hurried up to get a job, 2 jobs as a matter of fact. A bit later he bought a couple shops and a bank near Melbourne. Yes, that's right - a bank!
Currently his son, Sam runs his Pacific Shopping Centers and manages his portfolio of prime retail properties in the vicinity of Melbourne and Adelaide. This wealthy Oz tycoon likes things that give you a buzz. He started out on the path to fortune as a coffee farmer but really made himself known with the Rosemount Estates winery. In 2001 he sold off the entire kit and caboodle for cash and stock to Southcorp. He turned around in 2003 and flipped the stick to Foster's as a means to buy Hamilton Island. He has taken the cup in the Hobart-to-Sydney race 4 consecutive years with his yacht, Wild Oats.
He keeps himself occupied with exporting his name-brand wines to the U.S. This sister and brother team was fortunate to have a father that discovered some tremendous iron ore deposits in Western Australia. Rio Tinto's Hamersley mine provides them and other family members annual royalties. Wright's primary concern is his Voyager Estate winery. Rumor has it that as a teenager Mr. Van Lieshout left school to work at a job unloading bananas. After moving from his native Holland he eventually started up the Super A-Mart furniture chain which he sold in 2006. Currently he is in the market for Brisbane real estate. Len Buckeridge is synonymous with BGC Group, a major home builder in Western Australia.
200 million private port. 600 million. He stirred up some scandalous talk when accused of making payments in secret to a Queensland politician. He denies the bad news. Mr. Harvey started dropped out of agricultural college to sell vacuum cleaners door-to-door. He later co-founded Harvey Norman, the electronics retailer. The CEO is his wife, Katie Page. He is a horse man, with a stake in the thoroughbred auction house, Magic Millions. 200 million. The return on the flagship fund has been 11% annualized. Mr. Perron sold handkerchief boxes after dropping out of school and later tried to make a go as a plumber. Australian Investment Properties didn't really make it big until being gifted with a Toyota franchise from a former boss. He established dealerships all over Western Australia and now invests in real estate.
Fox is a former pro in the Australian Football League and got started on his way to wealth by selling soft drinks from a truck. He founded the largest logistics company in Australia: Linfox. He enjoys classic cars - has 130 of them. Stokes is the primary dealer of Caterpillar equipment in Australia. He adds to his fortune by his stake in media group, Seven Network. Lately he has been attempting to grab up Perth's Western Australia Newspapers. Originally from South Africa, Neilson set up Platinum Asset Management in 1993 with George Soros backing him. 500 million. His next plan is to open a contemporary Chinese art museum. Along with other family members she benefits from her late father's mining assets: Rio Tinto's Hamersley Basin Iron Ore Mine.
Rinehart also owns a direct stake in the family company Hancock Prospecting. Pratt was at one time a McKinsey consultant and ran Visy Industries U.S. 20 years. He is now co-chairs the packaging kingdom with his mother, owned in entirety by his family. He co-owns the global operations with his two sisters. 1 richest person in 2008. Sadly he lost his position due to decreasing iron ore demand which affected shares of his Fortescue Metals Group. A Chinese steel group recently took ownership of part of the company. There was a bit of scandal around the deal which he denies.
Gandel owns prime real estate - lots of it, including half of Melbourne's Chadstone shopping mall and a stake in a trust that owns the other half. Rumor has it that his private home is the priciest in Melbourne. Known affectionately as "High-Rise-Harry", he is Oz's apartment building tycoon. He was born in China to Russian parents and started his career as a taxi driver. He now owns hundreds of flats in Sydney and North Shore. Lowy is another one of the country's real estate moguls as well as the president of the Football Federation Australia. He is a Czech immigrant and founded the Westfield Group real estate company. 3 billion and that's not shabby. Let's hear it for the young guy! What has this dude not done? Packer is heir to his late father's media group, Publishing & Broadcasting. 300 million and has shares in Consolidated Media and gaming company, Crown. He also has a joint venture going with Hong Kong's Lawrence Ho.
Casual Lunch, 2 p.m. Perhaps inspired by Melbourne, whose narrow lanes are known for their hip cafes and boutiques, Adelaide’s side streets are having something of a moment. Experience the vibe on Ebenezer Place, which is lined with an eclectic mix of businesses; last year, a popular suburban establishment, Parwana Afghan Kitchen, opened a sister restaurant, the pint-size Kutchi Deli Parwana. 9.50 at 1.36 Australian to the U.S. On a sunny day, order a few dishes and take a seat on the sidewalk to soak in the atmosphere. 2. Arty Afternoon, 3 p.m. The Art Gallery of South Australia houses an expansive collection in its stately building on Adelaide’s North Terrace, a leafy boulevard lined with grand monuments and University of Adelaide buildings.
Inside, admission is free to most exhibitions, and you can browse Australian, Aboriginal and European art, and even a small Islamic gallery. If you’re in town early in the month, you’re in luck: The museum stays open until 9 p.m. First Fridays, with a festive program of live music, guided tours and talks with featured artists in the evening. 3. Pedestrian Promenade, 5 p.m. Adelaide’s main promenade is Rundle Mall, a long pedestrianized artery, home to the city’s best shopping and restaurants. 4. Handmade Haven, 7 p.m. For a souvenir that reflects Adelaide’s creative spirit, pop into Urban Cow Studio.
Its rooms have creaky floorboards splattered with paint and are cluttered with jewelry, housewares, canvases and more, all handmade in Adelaide by more than 150 local artists and artisans. Look out for funky Elodie Barker ceramic mugs (44 dollars each) and hand-poured soy candles in coconut, espresso and mango papaya scents (30 dollars for medium, 40 dollars for large sizes), or browse exhibits by local artists. The location also houses the Howling Owl cafe and the comedy club Rhino Room. 5. Out of Africa, 8 p.m. One of the city’s top chefs is an import from South Africa, and since he opened Africola in November 2014, Duncan Welgemoed has been bringing the flavors of his home country to Australia. Africola’s interiors are a nod to the shebeens (taverns) of the townships, with colorful murals, repurposed Coke bottles (here doubling as chile-sauce dispensers), bright fabrics and plastic menus illustrated with Mandela motifs.
A Sydney real estate agent will face a string of charges in court next month after she allegedly stole a credit card from a house inspection. The woman, 38, allegedly took the victim's bank card when showing potential buyers a property in the northern beaches suburb of Dee Why on Saturday. Police will allege she asked the current occupant of the residence to vacate the premises during the hour-long open inspection. 3,200 in a frenzied shopping spree in the area. That night the man was contacted by his bank to advise him what appeared to be suspicious recent activity on his credit card,' Northern Beaches acting crime manager Guy Magee told The Manly Daily. The man was told there had been a series of tip-and-go purchases on his credit card in a period of a few hours at retail outlets in Dee Why, Collaroy, Narrabeen and Avalon.
Australia’s resources boom has seen all eyes turn to Perth in recent years - and the Western Australian capital city is known as a dynamic, metropolitan area with a population of some 1.7 million people. As the nation’s fastest-growing state, WA is focused on development - and nowhere in the state is as focused on business, culture and arts and entertainment than Perth. Real estate in Perth - where to start? When it comes to Perth real estate, there are many factors to consider - and with so many suburbs to choose from, you might want to begin by choosing the lifestyle factors that are most important to you.
If you’re keen to get out and about on WA’s famous beaches, you might want to start your Perth property search in Cottesloe. As one of the city’s most prestigious suburbs, you’ll find a great mix of housing types here - offering close access to more than three kilometres of stunning beaches. There are plenty of amenities to be found along the waterfront - including numerous restaurants and cafes. Alternatively, outdoor enthusiasts might want to investigate the Perth real estate on offer at City Beach, which is situated 11 kilometres from the Perth CBD. Boasting plenty of natural bushland and excellent sports facilities at City Beach Oval, City Beach is part of the Town of Cambridge and has plenty to offer residents who love to be active.
A waterfront alternative to Perth’s main beaches are its riverside suburbs and Attadale - which is located nine kilometres from the CBD on the south bank of the Swan River - is particularly appealing. Attadale offers a pleasant blend of the best the city has to offer - Perth property dwellers here enjoy views of the CBD, as well as ample riverfront - which includes cycling paths and walkways. While one and two-storey family homes are the norm here, units and villas can also be found - ensuring there is something for everyone. Whether you’ve decided to relocate to Perth or are simply looking to make an investment, the agents at Ray White can help. With more than a century of experience under our belts, we are well-equipped to help you through every stage of the process, whether you are buying, selling, renting or investing. We’re responsible for approximately ten per cent of all real estate transactions in Australia - and you can rest assured that our commitment to our customers is evident in everything we do.
Owning property has long been the Australian dream and regarded as a pretty safe investment. But a number of Australians have been hit by criminals who have sold their house through simple identity fraud, then pocketed the profits and disappeared. Recently a house in the Canberra suburb of Macgregor was offloaded through a South African-based real estate scam without the owner’s knowledge. The owners, who are based overseas, only discovered their investment property had been sold when they contacted their property manager to query why rental money hadn’t been paid. Canberra Police are now investigating a series of exchanges which resulted in the fraud and the disbursement of funds.
“The absence of the home owner and an inability to personally review documentation which may be fraudulent provides leverage for the scammers to operate. Police would urge home owners residing overseas or travelling overseas for a lengthy period to establish robust protocols which protect and confirm their bona fides,” ACT Police said in a statement. In late July a 46-year-old man was charged with fraud after allegedly falsifying his identity to sell two Gold Coast homes which didn’t belong to him. Earlier this year NSW Fair Trading Minister Stuart Ayres issued a warning to property owners and real estate agents about scam emails being sent to landlords living overseas.
“The scam email advises agencies of managing landlords to forward forms to them to complete and return to the scammer,” he said. A run of these types of scams resulted in a group of Western Australian property owners being defrauded of their properties. 240,000 unit at Perth suburb Mandurah. Allegedly the trio changed the owner’s contact details and subsequently made a request to sell the property. An offer was received for the property but the scam unravelled when a contract was sent to the rightful owner - luckily by mail, and before deeds or funds had changed hands. Cutajar said there was a real risk in Australia’s property market of scammers stealing their title and selling or mortgaging their property without their knowledge.
He said it all starts with identity fraud. The scammer acquires fake birth certificates, Medicare cards, passports and drivers licences in the home owner’s name. Cutajar said the forms of identification only need to look real because a real estate agent or solicitor are only going to sight the documents. Discovering your house has been fraudulently sold to an innocent buyer makes recourse complicated and difficult. “In almost all of the cases it has resulted in litigation,” Cutajar said. “In some instances they may go against the owner, in some instances they may go against the real estate agent that sold it.
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Philippines car rental market is estimated to grow more than USD 400 Mn by 2027 owing to the increase in internet penetration and adoption of smart phones in the country: Ken Research
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Ecosystem of Philippines Car Rental Market
There are five markets in this report: Car Rental, Car leasing, Ride Sharing, Ride Hailing and Self Drive. The Philippines car rental market and self-drive market is highly fragmented with Avis and Diamond Rent-a-Car hold the major share respectively. Philippines car leasing market is moderately consolidated and Orix, is the market leader. Philippines ride hailing market and ride sharing market are highly consolidated where Grab is the market leader.
Key Market Findings:
Leisure travel is estimated to continue being the highest revenue generating segment with the increase in tourism across the country.
Tourists and Corporate Clients are majority of the customers of the market.
Players are looking to expand their fleet size to premium cars to offer comfort and luxury to customers.
Online Bookings: With increase in internet penetration and digital adoption in the country, car rental services are shifting to online platforms for direct bookings and confirmations. This makes the entire process hassle-free and contactless.
Unique Business Models: Year-on-Year with the help of technology, unique business models and features are coming up in the market like allowing private car owners to give out their spare vehicles on lease or rent. Ultimately, car rental services are becoming more accessible to customers.
Increasing Traffic and Congestion in Crowded Areas: The parking issues in urban cities is increasing due to limited space and increase in population, expecting the passengers to use more of ride hailing and ride sharing services.
Increase in Tourism: Lately, the international tourism sector is again increasing in Philippines with more than ~1500% increase in tourist arrivals from 2021 to 2022P. With that, there’s only an expectation of the demand to grow in future by tourists.
Analysts at Ken Research in their latest publication “Philippines Car Rental Market Outlook to 2027 - Driven by the increase in tourism and business activities along with deeper internet penetration and adoption of digital services.” observed that the Philippines car sharing market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the adoption of smartphones. The Philippines Car Rental Market is expected to grow at robust CAGR over the forecasted period 2022 -2027.
Key Segments Covered in the report
Philippines car Rental Market
By Type of Booking
Online market
Offline market
By Type of Car
Small Cars(PHP 3500-7500 / Per trip)
Medium(PHP 3500-7500 / Per trip)
Luxury(PHP 7500+)
By Purpose
Leisure
Business
Philippines Car Leasing Market
By Type of Region
Manila
Luzon
Visayas
Mindanao
By Time Duration
1 year
2 year
3 year
4 or more year
By Vehicle Price Range
Sedan(PHP 20000-35000
SUV(PHP 35000-50000)
Premium(PHP 50000+)
By Type of End User
Corporate
Retail Individuals
Philippines Ride Hailing Market
By Type of Region
Metropolitan
Non Metropolitan
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Philippines Ride Sharing Market
By Point of Service
Rest Area
At Airport
By Type of Car
Sedan
SUV
By Type of Distance
Short distance
Long distance
Philippines Self-Drive Car Rental Market
By Type of Region
Metro cities
Non metro cities
By Type of Booking Channel
Online
Offline
By Usage
Intercity
Intracity
By Time Period
1-2 days
A week
A month
By Type of Car
Standard (PHP 1500 + / per hour)
Luxury (PHP 1000-4000/24hours)
By Type of Booking Period
Weekend
Weekdays
By Segment of Car
Standard
luxury
By Status of Ownership
Owned
Leased
By Point of Service
At Airport
Rest area
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Key Target Audience
Car Rental Service Providers
Car Rental Companies aiming to establish in the Philippines
Philippines Automotive Industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association
Car Manufacturers
Existing Car Rental Companies
OEM Dealerships
New Market Entrants
Investors
Car Rental Associations
Time Period Captured in the Report:
Historical Period: 2017-2022
Base Year: 2022
Forecast Period: 2022-2027
Companies Covered:
Car Rental
Diamond Rent-a-Car
Luxicar
Voyg
Rent a Car ECLPI
Avis
Hertz
SafeRide
Self-Drive
Europcar
Thrifty
Juzzr Car Rental
Hertz
Voyg
SafeRide
VPI
Ride Hailing
Grab
JoyRide
Hirna
Maxim
Ride Sharing
Grab
Hirna
Car Leasing
Orix
Avis
Diamond Rent-a-Car
Europcar
Herts
ECLPI Rent a Car
Key Topics Covered in the Report
Overview and Genesis of Car Rental Market in Philippines
Ecosystem of Philippines Car Rental Market
Business Cycle of Philippines Car Rental Market
Timeline of Major Players of Philippines Car Rental Market
Value Chain Analysis of Philippines Car Rental Market
Philippines Car Rental Market Sizing, 2017- 2022
Market Segmentations of Car Rental Market in Philippines
Snapshots on different Car Rental Markets in Philippines
Industrial Analysis of Car Rental Market in Philippines
Competitive Analysis of Car Rental Market in Philippines
Future Outlook and Projections of Car Rental Market in Philippines
For More Insights On Market Intelligence, Refer to the Link Below: –
Philippines Car Rental Market Outlook to 2027
Related Reports by Ken Research: –
Vietnam Car Rental Market Outlook to 2027F
Belgium Car Rental Market Outlook 2027F
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Indonesia
Leaving the Philippines after such a short stay had left us slightly sad, but Indonesia has completely and utterly made up for that!! In hindsight we couldn’t have made a better choice than to spend more time in this amazing country! Otherwise some of these wonderful adventures would never have happened:
# Our first stop was Labuan Bajo, the main city on Flores, a lovely and very diverse island east of Bali and Lombok. We spent 15 days exploring its various sights and kicked off with a boat trip around the truly stunning Komodo National Park. We weren’t the luckiest with the boat we ended up on as our group was a bit dull, our touroperator lied about prices and additional charges and our captains had trouble with time management and corresponsing communication as one didn’t speak any English and the other was deaf and didn’t speak at all. Luckily the scenery, the amazing nature and the food that was served made up for it. During our 2 say stay we spotted Komodo dragons, the world’s largest and most venemous lizards, at Komodo and Rinca islands, slept under the Milky Way in the quiet Kalong bay, enjoyed one of the most beautiful views ever over Palau island’s interesting shape, absolutely fell in love with the underwater world just out of Pink Beach, snorkelled with a majestic Manta ray and collected shells on the peaceful white beach of Kanawa island. Blessed bastards we are! # Back in Labuan Bajo we boarded a van that took us over the mountainous road to Ruteng, where we slept in a nonnery and visited the ‘Hobbit cave’. This cave, that in itself isn’t much of a sight, is a major archeological hotspot as ancient remains of many interesting and extinct species were found here, amongst which those of the first humanoid! Adjacent to the cave is small museum, which was opened just for us by the loveliest guard and taught us about the importance of the findings. Not what we expected, but actually very interesting and combined with the stunning road to get there it made for a great daytrip! # After the sisters at the nonnery awoke us with their morning hymns and the pope watched over our breakfast, our trip continued to Bajawa. This time we took a public car; a regular 6ppl car driving to a certain location for which you can reserve a seat. In our case the car was stuffed with 8 passengers and the girl sat between us got terribly carsick from the windy road and threw up about 7 times before we finally arrived. 👍 Once in Bajawa we scootered around the beautiful surroundings again, visiting the insanely hot local hotsprings and a traditional village called Bena where the houses are built with only natural materials like bamboo, clay and reed and buffalo and boar bones are kept as trophees. Really cool to see traditions like that! # From Bajawa we took the worst road of the island all the way to Riung at the northern coast, where we found the most amazing natural and open bungalow outside of the city and cut off of any mobile connection to the world. The perfect place to enjoy the sunset from a hammock at the beach, sip on some local arak palm wine with our cool host Philip and take off on a private boat to snorkel and visit the 4729282729373 flying foxes in the otherwise completely deserted 17 Islands Marine Park. We found paradise! 🏝 # All happy and relaxed after our amazing time with Philip we made our way back south, to Ende. We were going to spent a few days here to explore the surroundings my motorbike, but we couldn’t find our peace in the chaotic and not very charming town. We drove around on the day of our arrival, visiting Ende’s busy port and a beautiful, very black beach that we just shared with an army of crabs, vut very quickly left the next morning. # Our next stop was Moni, a tiny little village up in the mountains, which mainly functiones as the starting point for visiting the beautiful coloured krater lakes of the Kelimutu vulcano. We managed to secure ourselves a seat on top of a local bus, wildly oncomfortable but a-ma-zing in terms of views. Plus we made some local friends who could not believe they were sharing the roof of a bus with two blond girls! Upon arrival we checked into the loveliest place we could have found; at the homestay of trendy local guy Lopez who took us to local hotsprings, shared his lifestory and invited us to cook a local dinner together, sitting on the floor of his tiny kitchen. We got op at 4 in the morning to get to the top of Kelimutu and watch the sun rise over the lakes, and it was stunning indeed! Verrrry cold and cloudy too; I was very happy to still be carrying a fleece and a jacket around that hadn’t been useful at all for the past half year. 😂 # From Moni we made our way back to the coast, to the locals’ favourite beach that we had been hearing much about: Koka Beach. And we were not disappointed: what a majestic place, not more than two strips of beautiful white sand beaches, like a bay closed off by lush rock formations creating an oasis of quiet. Right at the beach we met Blasius, who ran a small restaurant and homestay with his family and with who we stayed for the night. We spent our time swimming, tanning, eating and playing games with Blasius and the other guests. Life on Flores just seems to be getting better and better! # Along the line of 'another day, another beach’ we made our way back to the northern coast, to our final stop just outside if Maumere. We found yet another perfect little bungalow on a beautiful piece of beach where we spent our last 4 days on the island snorkelling, going on boat trips, collecting more shells, making some really cool new English friends and just being. Flores truly stole our hearts! # All it took to enter a completely different world was a not even 2 hour flight from Flores to Bali. From quiet, natural, local, cultural and at times slightly underdeveloped Flores we arrived into the Westernized, chaotic and partying area of Kuta on Bali, filled with branded shops, pushy traffic and drunk Ozzies. We quickly left Kuta and my big backpack behind, got ourselves a rental motorbike and spent 12 days going after the most authentic places on the island. We started off in Uluwatu on the southern Bukit peninsula, where we found our favourite beach of the island: Nyang Nyang. It took quite a climb down a rocky cliff to reach this white sandy haven, but how it was worth it! We were almost the only visitors, the beach was filled with the most amazing shells, we sipped juice from a fresh young coconut and really enjoyed the stunning view of a grafity covered shipwreck on the beach and the sun setting behind the lush cliffs. 🙌 # Our next destination was Canggu. Being very popular and easily accesible, this hipster town on the south coast of Bali is filled with fashionistas, surfing tourists, laidback bars, trendy shops and cute restaurants. We spent a few days relaxing, windowshopping, watching the surf and catching up with some friends from home that were around as well! # From Canggu and the beach we made our way further north and into the island until we reached Ubud. The atmosphere here is just great, just like the scenery, the people and the presence of some culture. We visited Ubud’s beautiful palace where we watched various artists renovate the artwork around the walls, we walked along the Campuhan ridge enjoying the lush and hilly views, we enjoyed the quiet oasis of the Saraswati Temple and its lovely lotus pools, tried all local dishes on the menu of the amazing Mama’s Warung, haggled our asses off at Ubud’s large market and whitnessed a traditional, exciting and slightly strange Kecac fire dance where a 100 half naked men sang about a story illustrated by dressed up dancers and ending with a barefoot guy dancing in a huge fire. 😂 Ubud has some very cool surroundings too; we enjoyed a beautiful ride to visit the Tegunungan waterfalls to the south and made friends with some locals while walking through the Tegallalang rice terraces to the north. Yeah, Ubud means good times. 👍 # We continued our way north and after a stop at the disappointing and almost abandoned botanical garden at Bedegul we reached Lovina, a collection of villages at the northern coast of Bali - and the place where we met our superfun English friends from Flores again! 👯 The four of us took a boat out into the ocean to a floating blowup funpark where we spent all morning climbing up stuff, making flips, jumping, swinging, surfing, launching eachother into the air with a huge airbag, sliding and wrestling. The next few days we couldn’t move from muscle ache, but it was worth every second of it! So. Much. Fun! 😂 # Still cripple we continued our trip to Amed, all the way at the eastern end of the island. This lovely, relaxed town is home to some eye-popping snorkeling spots where we spent hours and hours spotting amazing corals, crazily colourful fish of all shapes and sizes, nudibranches, squids, rays, lobsters, slugs, snakes, chinese dressed up as mermaids, shipwrecks, underwater temples and more cool fish. 💖 My god I love snorkeling! # By the time we left Amed the sun left Bali and made place for heavy heavy rain. It rained for 3 days straight, limiting us in our motorbike adventure. Trying to avoid the showers we visited the amazing Tirta Gangga water palace, drove past Virgin Beach and passed through Sidemen’s beautiful surroundings back to Ubud, where we spent a last day dancing in the rain with the English before we had to get back to Kuta for Bamsi’s departure. 👎
And just like that another 5 weeks had flown away and it was time to say goodbye again! An adventure until the last minute. Wow, we had fun and I will miss my little one! 👭
On the bright side; the ending of this adventure means the start of another exciting new adventure. After a few last solo days on Bali of sorting my stuff, working on my motorbike skills and getting my last bit of beach for a while I am now ready for a drastic change of scenery. After over 7,5 months I will be leaving Asia and its beautiful and diverse sceneries, its interesting habits, its delicious (and less delicious) foods and, mostly, its perfectly tropical temperatures and I am not sure whether I have had enough of that. I have however had enough of missing my bae, so for now I am mostly very very exciting to be reunited with him soon! So to Asia, my bikini and my tan; bye bye for now! And to New Zealand; bring on your beautiful winter and my love! ❄️💙🇳🇿
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Philippines Car Rental Market is driven by Rise in Urban Population, Changing Social Habits of Local People and Emergence of New Players: Ken Research
Philippines Car Rental Market is driven by Rise in Urban Population, Changing Social Habits of Local People and Emergence of New Players: Ken Research
“A steady increase in the demand for premium category cars and an increase in migrants from China due to a Pro China Policy have been driving the Car Rental Market in Philippines”.
Increase in the Number of Tourist Arrival: There has been an increase in the number of tourists arriving in the country. From 4.7 million in 2013, the number of tourists arriving in the country has increased to 7.1…
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