Japan Car Rental Market is in the growing stage, being driven by the increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration, rising population and increasing demand from tourists for business and leisure purposes hiring rental cars. The Car Rental Industry in Japan is moderately consolidated with key players such as Toyota Rent-a-Car, Nippon Rent-a-Car, Orix Rent-a-Car, Times Car Rental and Nissan Rent-a-Car.

Key Findings:

Japan Car rental market was valued at USD ~ in 2021 and is projected to grow to USD ~ by 2027, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
Increase in tourism is will pave the way for the Car Rental Market in Japan.
Number of car rented is expected to grow at ~% in the forecasted period of 2022P-2027F in Japan.

Rising Japan Car Rental Market: The Japan Car Rental Market is projected to show a significant growth of CAGR ~% in the forecasted period of 2022P-2027F, owing to the increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration, rising population and increasing demand from tourists for business and leisure purposes hiring rental cars.

Rise in Internet and Smartphone Penetration: Increasing internet and smartphone penetration across the country is expected to drive the Car Rental Market in Japan further. The increased usage of mobile applications has resulted in the growth of online car rental reservations. This rise in the overall internet and smartphone usage is supposed to help boost the Japanese Car Rental Industry.

Rising Tourism in the Country: The rise in domestic and international tourism across the country is likely to act as a catalyst for the Japan Car Rental Market. Domestic spending made up to ~% of all tourism spending in 2021. Due to the country's growing travel and tourism industries, there is a significant increase in demand for Car Rental Services, which will lead to significant growth of the Japanese Car Rental Industry.

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Analysts at Ken Research in their latest publication “Japan Car Rental Market Outlook to 2027F - By Market Structure (Organized and Unorganized), By Type of Vehicle (Small Cars/ Hatchbacks, Sedans, SUVs and Others) and By Booking Mode (Online and Offline)” observed that Japan Car Rental 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 increase in travel expenditure, rising demand for rental cars, increased internet and smartphone penetration, rising population and increasing demand from tourists for business and leisure purposes hiring rental cars. The Car Rental Market in Japan is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered

     Japan 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

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By Mode of Booking
Online
Offline
By Client
Business
Leisure
By Pick-up
Off- Airport
On-Airport

Key Target Audience

Car Rental Service Providers
Car Rental Companies aiming to establish in the Japan
Japan 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: 2017-2022P
Base Year: 2022P
Forecast Period: 2022P– 2027F

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Companies Covered:

Toyota Rent-a-Car
Nippon Rent-a-Car
Orix Rent-a-Car
Times Car Rental
Nissan Rent-a-Car
Smile Rental Car
NicoNico Rent a Car
JR Rent-a-Car
Sky Rent-a-Car

Key Topics Covered in the Report

Executive Summary
Country Overview of the Japan
Overview and Genesis of Car Rental Market in Japan
Ecosystem of Japan Car Rental Market
Business Cycle of Japan Car Rental Market
Timeline of Major Players of Japan Car Rental Market
Value Chain Analysis of Japan Car Rental Market
Market Segmentations of Car Rental Market in Japan
Snapshots on different Car Rental Markets in Japan
SWOT Analysis of Japan Car Rental Market
Growth Drivers of Japan Car Rental Market
Government regulations of Japan Car Rental Market
Trends and Developments of Japan Car Rental Market
Challenges of Japan Car Rental Market
End User Analysis of Car Rental Market in Japan
Competitive Analysis of Car Rental Market in Japan
Future Outlook and Projections of Car Rental Market in Japan
Analyst Recommendations
Research Methodology

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/japan-car-rental-market-outlook-to-2027/596215-100.html

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