Netherland Car Rental Services Market Forecast to 2028 - COVID-19 Impact and Analysis by Rental Location (Non-Airport and On-Airport & Train Station), Car Category (Mini & Economy, Compact & Intermediate, Standard, Full Size, Premium, Luxury, and Special), and Customer Type (B2B and B2C)
The Netherland car rental services market is expected to grow from US$ 653.68 million in 2021 to US$ 1,138.91 million by 2028; it is estimated to grow at a CAGR of 8.3% during 2021–2028.
The rising road traffic continues to be one of the ongoing challenges that major urban centers in the Netherlands are facing. The alarming rate of rise in the number of owned cars increases accident risk, fuel consumption, and CO2 emission into the environment. The adverse impact of road traffic across the country is changing customer behavior and habits; for instance, the consumer attitude toward owning a car. Notably, the transition of customer preference in the Netherlands from personally owned vehicle toward the adoption of rental service is reducing the road traffic in the country. The adoption of car rentals or car-sharing enables a reduction in the volume of vehicles in urban locations, along with a reduction in greenhouse gas emissions. Interestingly, studies conducted in the Netherlands show that the provision of car rental services led to a considerable reduction in the number of privately owned vehicles by about 30%, reducing the number of kilometers driven by 15–20%, further reducing the exhaust emissions. Notably, the Dutch government is taking several steps to prevent climate change through goals and measures laid down and agreed upon in the Climate Act and the National Climate Agreement. Therefore, the rising need of the hour to reduce road traffic and the consequent problems associated with it, coupled with the policy support of the Dutch government, is driving the growth of the car rental service market in the Netherlands.
Impact of COVID-19 Pandemic on Car Rental Services Market
The COVID-19 crisis affected the industries worldwide, and the Netherlands economy witnessed severe impact in 2020 and 2021. The pandemic disturbed car rental services businesses across the region. It is estimated that the Dutch economy contracted by 4.1% in 2020 due to the COVID-19 pandemic, and the related restrictions significantly affected tourism, hospitality and mobility sectors of the country. Following a nationwide lockdown in the first half of 2020, the Dutch economy started regaining momentum from the third quarter of 2020, which was interrupted by the second and third wave of COVID-19 infections during 2021. The consequent reintroduction of containment measures and the progressive restrictions on movement since October 2021 has limited the economic activity in hospitality and tourism. This led to an unstable demand for car rental services, and the market slowed down to a large extent. However, in case of unavoidable travel to the Netherlands, there is a rising consumer affinity toward rental car on arrival at the country’s airport since it is a relatively safer mode of transport as compared with public modes of transport. Therefore, the COVID-19 pandemic slowed down the tourist volume in the Netherlands, creating a scarce demand for car rental service. The market is, however, expected to regain momentum with the removal of restrictions, subject to a successful implementation of vaccination drives and growing consumer preference toward rental cars over public modes of transport.
Car Rental Services Market Insights
The Netherlands car rental services market is driven by the growing number of car rental services in the region, emergence of new market players, and increased spending power of people, as well as changing lifestyles. Growing tourism activities and government investment in the sector have supported the growth of the car rental services market in the Netherlands. Players in the car rental services market are focusing on offering advanced technology-driven solutions to their customers with an intent to offer improved customer service. There is a growing demand for integrated software solution capable of enabling travellers to split rental charges between personal and business credit cards, as well as other additional features.
Rental Location-Based Market Insights
Based on rental location, the Netherland car rental services market is segmented into non-airport and on-airport & train station. In 2020, non-airport accounted for a larger share of the market.
Car Rental Services Market, by Customer Type, 2020 and 2028 (%)
Strategic Insights
The players operating in the car rental services market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In January 2022, Arval BNP Parihas and Ridecell, a global fleet automation and mobility solutions provider, signed a strategic partnership with the shared objective of accelerating the development of end-to-end mobility solutions. This move is expected to help cover various mobility needs of Arval corporate customers across Europe.
- In June 2021, Hertz Global Holdings placed an order for 100,000 Tesla 3 electric cars in its aim to electrify its rental-car fleet. The electrification plan, which is set to include almost all of Hertz’s half-million cars and trucks worldwide, is the company’s first large initiative since recovering from bankruptcy in June.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Macro-Economic Factor Analysis:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
4. The Netherlands Car Rental Service Market Landscape
4.1 Market Overview
4.2 The Netherlands PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. The Netherlands Car Rental Service Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Dire Need for Reducing Road Traffic and its Consequences
5.1.2 Booming Tourism Industry in Netherlands
5.2 Market Restraints
5.2.1 Competition from Car Subscription and Car Lease Companies
5.3 Market Opportunities
5.3.1 Adoption of Technology-Based User Experience Solutions
5.4 Future Trends
5.4.1 Addition of Electric Vehicles in Rental Car Fleet
5.5 Impact Analysis of Drivers and Restraints
6. The Netherlands Car Rental Service Market Overview
6.1 The Netherlands Car Rental Service Market Forecast and Analysis
6.2 Market Positioning – Global Key Players
7. The Netherlands Car Rental Service Market Analysis – By Rental Location
7.1 Overview
7.2 The Netherlands Car Rental Service Market Breakdown, By Rental Location, 2020 & 2028
7.3 Non-Airport
7.3.1 Overview
7.3.2 The Netherlands Non-Airport Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 On Airport & Train Station
7.4.1 Overview
7.4.2 The Netherlands On Airport & Train Station Market Revenue and Forecasts to 2027 (US$ Mn)
8. The Netherlands Car Rental Service Market Analysis – By Car Category
8.1 Overview
8.2 The Netherlands Car Rental Service Market Breakdown, By Car Category, 2020 & 2028
8.3 Mini and Economy
8.3.1 Overview
8.3.2 Mini and Economy : Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
8.4 Compact & Intermediate
8.4.1 Overview
8.4.2 Compact & Intermediate: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
8.5 Standard
8.5.1 Overview
8.5.2 Standard: Car Rental Services market – Revenue and Forecast to 2028 (US$ Million)
8.6 Full Size
8.6.1 Overview
8.6.2 Full Size: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
8.7 Premium
8.7.1 Overview
8.7.2 Premium: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
8.8 Luxury
8.8.1 Overview
8.8.2 Luxury: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
8.9 Special
8.9.1 Overview
8.9.2 Special: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
9. The Netherlands Car Rental Service Market Analysis – By Customer Type
9.1 Overview
9.2 The Netherlands Car Rental Service Market Breakdown, By Customer Type, 2020 & 2028
9.3 B2B
9.3.1 Overview
9.3.2 B2B: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
9.4 B2C
9.4.1 Overview
9.4.2 B2C: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
10. Impact of COVID-19 Pandemic on Car Rental Service Market
10.1 Netherlands
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Car Rental Services Market–Key Company Profiles
12.1 Avis Budget Group, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Europcar Mobility Group S.A.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AB Car Rental Bonaire
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Green Motion International
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sixt SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 The Hertz Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Enterprise Holdings
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ALD Automotive
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Arval BNP Paribas Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Athlon Car Lease International B.V.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. The Netherlands Car Rental Service Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Non-Airport
Table 3. Glossary of Term: Car Rental Services Market
LIST OF FIGURES
Figure 1. Car Rental Services Market Segmentation
Figure 2. The Netherlands Car Rental Service Market Overview
Figure 3. The Netherlands Car Rental Service Market, by Rental Location
Figure 4. The Netherlands Car Rental Service Market, by Car Category
Figure 5. The Netherlands Car Rental Service Market, By Customer Type
Figure 6. The Netherlands PEST Analysis
Figure 7. Car Rental Services Market Ecosystem Analysis
Figure 8. The Netherlands Car Rental Service Market Impact Analysis of Drivers and Restraints Car Rental Services market Impact Analysis of Drivers and Restraints
Figure 9. The Netherlands Car Rental Service Market Forecast and Analysis, (US$ Mn)
Figure 10. The Netherlands Car Rental Service Market Breakdown, By Rental Location, 2020 & 2028 (%)
Figure 11. The Netherlands Non-Airport Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. The Netherlands On Airport & Train Station Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. The Netherlands Car Rental Service Market Breakdown, By Car Category, 2020 & 2028 (%)
Figure 14. Mini and Economy: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
Figure 15. Compact & Intermediate: Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Standard: Car Rental Services market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Full Size: Car Rental Services market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Premium: Car Rental Services market –Revenue and Forecast to 2028 (US$ Million)
Figure 19. Luxury: Car Rental Services market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Special: Car Rental Services market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. The Netherlands Car Rental Service Market Breakdown, By Customer Type, 2020 & 2028 (%)
Figure 22. B2B: Car Rental Services market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. B2C: Car Rental Services market – Revenue and Forecast to 2028 (US$ Million)
- Avis Budget Group, Inc
- Europcar Mobility Group S.A
- AB Car Rental Bonaire
- Green Motion International
- Sixt SE
- The Hertz Corporation
- Enterprise Holdings
- ALD Automotive
- Arval BNP Paribas Group
- Athlon Car Lease International B.V