Dublin, Oct. 08, 2021 (GLOBE NEWSWIRE) — The “The Automotive Rental Trade in South Africa 2021” report has been added to ResearchAndMarkets.com’s providing.
This report focuses on the South African automobile rental trade, with complete data on the state of the trade, results of the pandemic and the decline in tourism and journey, developments, company actions and developments.
There are profiles of 14 corporations together with the key gamers similar to Barloworld (Avis and Funds), Motus (Tempest) and CFAO Motors (Hertz), different established corporations within the sector similar to Woodford Group and Tempo Automotive Rental, and gamers within the ride-sharing, digital aggregation and automobile subscription area similar to Inclusion South Africa (Planet24), Flexclub and RentMyRide.
The Automotive Rental Trade in South Africa
The automobile rental trade has been considerably affected by the pandemic and ensuing journey restrictions and decline in disposable revenue. The primary enterprise channels for automobile leases are company, authorities, insurance coverage alternative and leisure, and demand from all of those avenues declined markedly since March 2020.
Automotive rental corporations have been capable of partially offset losses by decreasing fleet, department and worker numbers, and have benefited from a rise in second-hand automobile costs. The trade’s fleet had greater than halved by July 2021 from February 2020. The sector, which is described as mature, has been below stress for the previous two years as brokerages and on-line intermediaries have pushed costs down.
Automotive rental corporations want to reap the benefits of a rising development of shoppers who would quite hire than personal a automobile. Journey-sharing, digital aggregators and automobile subscriptions are offering automobile rental companies with different income streams. Journey-sharing, the place automobile house owners hire out their very own autos, gained recognition lately, however was slowed by the pandemic.
Digital aggregators account for a big share of bookings. Subscriptions, the place autos are employed out on short-term leases, normally on a month-to-month, enable automobile customers to alter from one automobile to a different from one month to the subsequent.
Key Matters Coated:
2. DESCRIPTION OF THE INDUSTRY
2.1. Trade Worth Chain
2.2. Geographic Place
3. SIZE OF THE INDUSTRY
4. STATE OF THE INDUSTRY
4.1.1. Company Actions
4.1.3. Enterprise Growth and Socio-Financial Growth
5. INFLUENCING FACTORS
5.1. Financial Setting
5.3. Crime and Street Security
5.4. Enter Prices
5.5. Know-how, Analysis and Growth (R&D) and Innovation
5.8. Environmental Issues
6.1. Limitations to Entry
7. SWOT ANALYSIS
9. INDUSTRY ASSOCIATIONS
10.2. Web sites
Firms Talked about
- Barloworld South Africa (Pty) Ltd
- Bidvest Automotive Rental (Pty) Ltd
- C M H Automotive Rent (Pty) Ltd
- Automotive Rent Brokers (Pty) Ltd
- CFAO Motors (Pty) Ltd
- FlexClub ZA Applied sciences (Pty) Ltd
- Gage Automotive Rental (Pty) Ltd
- Genissis 1 Money Automotive Rental CC
- Inclusion South Africa (Pty) Ltd
- Motus Holdings Ltd
- Tempo Automotive Rental (Pty) Ltd
- RentMyRide (Pty) Ltd
- Springs Automotive Wholesalers (Pty) Ltd
- Woodford Group (Pty) Ltd (The)
For extra details about this report go to https://www.researchandmarkets.com/r/2e8722