The car rental industry in Turkey grew strongly during the review period supported by government initiatives to improve infrastructure, increasing volumes of tourism and business activity, as well as the rising middle-class population with its high level of disposable incomes. Turkey has a favorable economic environment making it an attractive destination for international car rental operators. The Turkish car rental industry grew at a CAGR of 8.21% during the review period and valued TRY3.3 billion in 2011. The industry is expanding rapidly and is expected to grow at a CAGR of 10.11% over the forecast period to reach TRY5.4 billion in 2016.
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TURKEY CAR RENTAL INDUSTRY
Scope
- This report provides an extensive analysis of the car rental industry in Turkey:
- It details historical values of the car rental market in Turkey for 2007–2011, along with forecast figures for 2012–2016
- It offers detailed analysis of the factors driving the growth of car rentals and the key emerging trends in Turkey
- The report details the key trends, regulatory environment, market entry strategies and marketing and growth strategies in Turkey
- It provides information on key companies operating in the car rental industry in Turkey
Key highlights
- The car rental industry in Turkey has been on a fast growth trajectory over the past last five years, having increased at a CAGR of around 8.21%. Over the next five years, from 2012–2016, the overall car rental industry in Turkey is expected to continue to grow strongly at a CAGR of 10.11%, and is expected to reach TRY5.4 billion in 2016.
- Marketing and sales strategies will play a key role in differentiating the service offerings of car rental companies in Turkey.
- Favorable government regulation is expected to intensify the competitive structure of the Turkish car rental industry.
- As a part of their marketing strategy, domestic and multinational companies are targeting business tourists by offering premium car rental services.
- The franchise model has been proven to be a key expansion strategy in the Turkish car rental industry.
Major points covered in Table of Contents of this report include:
Overview
Turkish Car Rental Industry Market Environment
Market Size and Growth Potential
Turkish Car Rental Industry
Competitive Landscape and Key Performance Indicators
Growth Strategy, Demand Drivers and Key Trends
Marketing and Growth Strategy
Key Operators
Explore Comprehensive list of more than Tables & Figures available in the report @ http://www.reportsnreports.com/reports/146511-the-car-rental-industry-in-turkey-market-entry-strategies-and-emerging-opportunities-analyses-and-forecasts-to-2016.html
Report Details :
Published: February 2012
Published: February 2012
No. of Pages:
Price: Single User License – US $ 1950
Corporate User License – US $ 5850
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