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The Brazil Vehicle Rental Market is Segmented by Application Type (Leisure/Tourism, Business and Fleet Outsourcing), Booking Type (Offline and Online), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Usage (Self Driven Vehicles, Fleet Operator Driven Vehicles and Others) and by End-User (Fleet Operator and Tour Operator)
The Brazil Vehicle Rental Market is projected to grow with a CAGR of more than 6 % during the forecast period.
The Brazil Vehicle RentalMarket report covers a detailed study on the latest trends and innovations in the market which is Segmented by Application Type (Leisure/Tourism, Business and Fleet Outsourcing), Booking Type (Offline and Online), by Vehicle Type ( Passenger Cars and Commercial Vehicles), by Usage (Self Driven Vehicles, Fleet Operator driven Vehicles and Others) and by End-User (Fleet Operator and Tour Operator). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
|Self Driven Vehicle|
|Fleet Operator Driven Vehicles|
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Brazil is one of the top destinations for tourism and the foot fall is increasing every year. In September 2019, the Brazilian Institute of Tourism unveiled a project Brasileiro, traga +5 (“Brazilian, bring another five”), which urges Brazilians living overseas to stimulate tourism in Brazil.
The Government is also relaxing the procedure to obtain the tourist visa for Brazil. After relaxing visa norms for countries like United States, Japan, Canada and Australia, the country has witnessed about 25% in tourists from these countries. In the coming years, the government is working towards adding more countries to the list by easing the visa procedure norms for residents of countries like, China, Qatar, the United Arab Emirates and Saudi Arabia.
Brazil’s Ministry of Tourism said it will invest USD 198 million (813 million in Brazilian real) in tourism efforts through 2020. Efforts include providing 63 small businesses with R86 million in financing and investing R200 million in the first phase of a program that seeks to support small businesses on 30 tourist routes. The government is also relaxing norms for private sector investments in the industry to boost foreign direct investments.
In June 2019, Brazilian Government has established a new policy called the National Policy for Tourism Management of Cultural and Natural World Heritage Sites. The goal of the new law is to help maintain, develop new programs, organize projects and promote the tourist segments related to the Cultural and Natural World Heritage Sites in Brazil. Brazil has 21 recognized UNESCO World Heritage Sites.
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Brazil is the second most favorite destination for tourists in South America. In the year 2018, Brazil recorded around 6.6 million tourist’s arrival. The government efforts to boost tourism in the country and the aim of doubling these numbers by 2022, the private fleet operators are investing heavily in increasing their fleet strength to cater the demand. For instance,
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The Brazil Vehicle Rental Market is fragmented, with many players accounting for a small market share. Some of the prominent companies in Brazil Vehicle Rental Market are Unidas, Localiza, Movida, Enterprise and others. Owing to the growth in the Brazilian Market many start-ups are coming up in the country and investing heavily to cater the growing demand.
For instance, in November 2019, Kovi, a startup in mobility space, raised USD 30 million in Series A funding from global investors.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Application Type
5.1.3 Fleet Outsourcing
5.2 Booking Type
5.3 Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
5.4.1 Self Driven Vehicle
5.4.2 Fleet Operator Driven Vehicles
5.5.1 Fleet Operator
5.5.2 Tour Operator
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Movida Car Rental
6.2.2 Localiza Hertz
6.2.3 Avis Budget
6.2.4 Enterprise Group
6.2.5 Unidas Fortas
6.2.6 Ouro Verde
6.2.9 Vamos vehicle rental
7. MARKET OPPORTUNITIES AND FUTURE TRENDS