According to industry reports, the sales revenue of China's car rental industry will increase from RMB 25.7 billion in 2012 to RMB 38 billion in 2014. From 2010 to 2014, the average compound growth rate of sales revenue of the car rental industry was 20.2%. Pesticide Tc,Processed Rice Pest Preparations,No Systemic Effect,Annual Sedges Broadleaf Weeds Anhui Meiland Agricultural Development Co., Ltd , https://www.meilandagro.com
According to the report, with the development of China's society, the improvement of people's living standards, and the shift in consumer awareness, more and more consumers have begun to choose car rental business. In addition, in recent years, China's first- and second-tier cities' car purchase restriction policies have also stimulated the development of the car rental industry to some extent.
The report shows that at present, China's car rental is mainly concentrated in the middle and low-end cars, and commercial vehicles, buses, and buses also have a certain proportion. China's car rental market is also concentrated in four first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, accounting for 60% of the entire rental market.
In addition, the report shows that young people after the 80s are the main force of car rental, accounting for 65% of the total number; followed by 70, the proportion is 22.8%; after 90 and 60 respectively, only 8.6% and 3.6%.
At present, China's major car rental companies include China Car Rental, One Car Rental, Extreme Car Rental, Cheyou Car Rental, AVIS International Car Rental, etc. The largest car rental company, Shenzhou Car Rental, has submitted an IPO application to the US Securities and Exchange Commission.
· China's car rental will reach 38 billion in 2014