France Car Rental Market Research Report, 2028

France Car Rental Market Research Report, 2028

Actual Market Research 30-01-2023 57 Pages Figures : 5 Tables : 10 Region : Europe Country : France Category : Automotive & Transport Transportation

France has been the most popular tourist destination on the globe for the past 30 years, and it is projected that over the projection period, demand for effective car rental services will rise due to France's expanding tourism sector. Many of France's car rental firms look forward to offering travellers practical discounts and deals so they can rent the vehicles of their choice when they travel to surrounding regions. To further increase the market's appeal, fleet operators frequently update their fleet. Digitalization, changing consumer preferences, and fleet expansion have been key growth propellers for the rising car rental business in France. The French market is characterised by a significant number of independent operators with a national presence, including the Euronext-listed companies ADA and Ucar and privately held Rent-a-Car. A number of new entrants have entered the market in recent years, particularly in the van segment (e.g., most supermarket chains) and in car sharing (AutoLib, etc.) and ride sharing (BlaBlaCar). Some of the major players in car rental in France include Sunny Cars, Sixt, Avis, Keddy, Hertz, Europcar, and Thrifty. According to the research report "France Car Rental Market Research Report, 2028," published by Actual Market Research, the market is expected to add USD 1.33 Billion by 2028. The France car rental car market is segmented by car type: Luxury car, Executive car, Economic car, Sports utility vehicle, Mutli utility Vehicle. In France the car rental market is dominated by the economy cars because economy cars are the most popular means of transportation economy car rental service provide less expensive rides that are accessible to the general public. Customers on business and pleasure vacations prefer luxury and premium car rental services. During the forecast period, short-term car rentals are expected to dominate the market. These short-term car rentals enable consumers and families to visit local city sites with additional seasonal offers and discounts. The increased use of smartphones and the growing number of users preferring the online channel, online tourist vehicle bookings are increasing in the country Technological progress and digitalization are factors that help market participants stay ahead of the competition. Car rental services are frequently supplemented by websites that allow online reservations, and car rental offices are typically located near airports or in congested city areas. Car rental agencies typically provide additional services, such as GPS navigation systems, insurance, and entertainment systems, in addition to the basic rental of a vehicle. Car rental must carry a breathalyser in the car at all times in France. The prices for car rental in France include EUR 114.94 per week; there are 17450 cars available for renting; the most popular car for renting in France is the Fiat 500; Car hire in France starts at just €17.50 per day for a (mini) class car from Budget. The average price to hire a car in France is just €66.00 per day, whilst the most expensive hire car in France is a Ford Focus Estate car for a compact class, costing €585.50 per day. At current fuel prices in France of €1.835 per liter for petrol and €1.899 per liter for diesel as of January 9, 2023, it’ll cost on average €73 to fill an average compact car with petrol and €76 for diesel. Car rental prices in France are kept low because there are 14 car rental companies across the country. With over 608 car rental locations and 124,575 car rental options available, 4x4 car rentals are mostly acquired from Geneva Airport (GGV) than any other location in France. The primary arrival point for winter holidays to the Alps, Geneva, is always in high demand for fully 4WD vehicles like the Toyota Rav4, BMW X3, and Audi Q5. 9-seater rental in France is always in high demand, whether for larger groups and families or organised tourist trips. US and Chinese visitors are some of our most frequent customers, all looking for automatic minivan rentals in France, of which most makes and models are available in this specification. British and other European customers usually prefer manual models to keep costs down, as driving in France is far more familiar to neighbouring countries. Some of the most popular 9-seat rentals in France are from French manufacturers like the Renault Traffic, a great low-cost option, and the Volkswagen Transporter and Mercedes Vito, also both very popular. Automatic Car Rental in France All of France's leading car rental companies, such as Budget, Enterprise, and Thrifty, recognise the importance of the automatic car rental market and have a wide range of automatic rental cars available. From compact automatic hire cars like the Renault Megane to 7-seaters like the Renault Scenic, the SUV Renault Captur, or Peugeot partners offering 9-seater automatic car hire in France, some of the most popular automatic cars in France include the VW Polo automatic, Renault Clio automatic, Audi A3 automatic, BMW 5 series automatic, and Renault Traffic automatic. Most popular locations to rent a car in France Paris CDG Airport, Paris Orly Airport, Nice Airport, Lyon Airport, Toulouse Airport, Bordeaux Airport, Nantes Airport, Beauvais Airport, Bastia Airport, Bergerac Airport, Geneva Airport, Limoges Airport, Montpellier Airport Popular websites for car rental in France Baron's Limousines, Europcar Atlantique, provides car rental for holidays in western France, Europcar France, France-Car-Hire-Rental.com, Paris Airport Associate Shuttle, Paris Vision, Rivieracarprestige.com, VIP Car Solutions Considered in this report • Geography: France • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • France Car Rental market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By car Type • Luxury car • Executive car • Economy car • Sports utility vehicle (SUV) car • Multi utility vehicle (MUV) car By application Type • Leisure/Tourism • Business The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to car rental industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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