Japan Car Rental Market Overview
According to SPER Market Research, the Japan Car Rental Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The market for renting cars in Japan is a well-established and fiercely competitive industry that offers rental services for all kinds of vehicles, such as cars, trucks, buses, and vans. Several factors, including a sizable population, a developed transportation infrastructure, and a significant demand for transportation options, influence the market. The tourist industry in Japan is one of the major market factors. In order to experience Japan on their own terms, many of the millions of tourists who visit the nation each year choose to rent a car. For travellers, car rental businesses provide a wide range of packages and choices, such as GPS navigation systems, English-language support, and discounted pricing for long-term rentals. The high cost of owning a car is another crucial element in the Japanese market for automobile rentals. The hefty taxes and expenses related to vehicle registration and upkeep make owning a car in Japan excessively expensive. For short-term purposes like weekend getaways or moving furniture, many people opt to hire a car as a result. Overall, the Japanese vehicle rental market is a vibrant, competitive sector that offers both residents and visitors a useful service. Car rental businesses are in a good position to expand and prosper in the years to come because they place a priority on providing excellent customer service and are dedicated to quality.
Impact of COVID-19 on the Japan Car Rental Market
The COVID-19 epidemic has significantly impacted many global industries, including the vehicle rental market in Japan. One of the pandemic's main repercussions has been a substantial drop in tourism, which has consequently resulted in a downturn in demand for rental cars. The number of foreign tourists visiting Japan has significantly decreased as a result of severe travel restrictions, and many domestic passengers have also been deterred from travelling due to health issues and travel limitations. Because to this reduction in revenue, several automobile rental companies have had to adjust to the shifting market dynamics. Others have diversified their goods to meet regional demand, while some have established additional safety standards to reassure clients, such as greater cleaning and sanitization of vehicles and offices.
For instance, several businesses have begun providing customers who want to avoid using public transit during the pandemic with rental cars for longer periods of time. Despite these difficulties, the epidemic has also resulted in some good things for the Japan vehicle rental business. Long-term leases and short-term rentals as alternatives to traditional car ownership have grown in popularity as more people have migrated to remote work. As consumers seek for more adaptable and affordable mobility options in the post-pandemic era, this trend has the potential to open up new opportunities for automobile rental businesses.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Market Structure, By Type of Vehicles, By ICE/EV, By Mode of Booking, By Client, By Pick-up.
|
| Regions covered | Central, South, North.
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| Companies Covered | JR Rent-a-Car, NicoNico Rent a Car, Nippon Rent-a-Car, Orix Rent-a-Car, Sky Rent-a-Car, Smile Rental Car, Times Car Rental, Toyota Rent-a-Car.
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Key Target Audience
- Car Rental Service Providers
- Car Rental Companies aiming to establish in the Japan
- Japan automotive industries
- Government Bodies & Regulating Authorities
- Venture Capitalist targeting the car rental market
- Automotive industry association
- Car Manufacturers
- Existing Car Rental Companies
- OEM Dealerships
- New Market Entrants
- Investors
- Car Rental Associations
Japan Car Rental Market Segmentation:
1. By Market Structure:
- Organized market
- Unorganized market
2. By Type of Vehicles:
- Small Cars/ Hatchbacks
- Sedans
- SUVs
3. By ICE/EV:
- ICE (Internal Combustion Engine)
- Electric Vehicles
4. By Mode of Booking:
5. By Client:
6. By Pick-up
7. By Region:
Key Topics Covered in the Report:
- Japan Car Rental Market Size (FY’2019-FY’2032)
- Overview of Japan Car Rental Market
- Segmentation of Japan Car Rental Market By Market Structure (Organized market, Unorganized market)
- Segmentation of Japan Car Rental Market By Type of Vehicles (Small Cars/ Hatchbacks, Sedans, SUVs, Others)
- Segmentation of Japan Car Rental Market By ICE/EV (ICE (Internal Combustion Engine), Electric Vehicles)
- Segmentation of Japan Car Rental Market By Mode of Booking (Online, Offline)
- Segmentation of Japan Car Rental Market By Client (Business, Leisure)
- Segmentation of Japan Car Rental Market By Pick-up (Off- Airport, On-Airport)
- Statistical Snap of Japan Car Rental Market
- Growth Analysis of Japan Car Rental Market
- Problems and Challenges in Japan Car Rental Market
- Competitive Landscape in the Japan Car Rental Market
- Impact of COVID-19 and Demonetization on Japan Car Rental Market
- Details on Recent Investment in Japan Car Rental Market
- Competitive Analysis of Japan Car Rental Market
- Key Players in the Japan Car Rental Market
- SWOT Analysis of Japan Car Rental Market
- Japan Car Rental Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Japan Car Rental Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Japan Car Rental Car Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan Car Rental Market
7. Japan Car Rental Market, By Market Structure, 2019-2032 (USD Million)
7.1 Organized market
7.2 Unorganized market
8. Japan Car Rental Market, By Type of Vehicles, 2019-2032 (USD Million)
8.1 Small Cars/ Hatchbacks
8.2 Sedans
8.3 SUVs
8.4 Others
9. Japan Car Rental Market, By ICE/EV, 2019-2032 (USD Million)
9.1 ICE (Internal Combustion Engine)
9.2 Electric Vehicles
10. Japan Car Rental Market, By Mode of Booking, 2019-2032 (USD Million)
10.1 Online
10.2 Offline
11. Japan Car Rental Market, By Client, 2019-2032 (USD Million)
11.1 Business
11.2 Leisure
12. Japan Car Rental Market, By Pick-up, 2019-2032 (USD Million)
12.1 Off- Airport
12.2 On-Airport
13. Japan Car Rental Market, By Region, 2019-2032 (USD Million)
13.1 Japan Car Rental Size and Market Share by Region (2019-2025)
13.2 Japan Car Rental Size and Market Share by Region (2026-2032)
13.3 Central
13.4 South
13.5 North
14. Company Profiles
14.1 JR Rent-a-Car
14.1.1 Company details
14.1.2 Financial outlook
14.1.3 Product summary
14.1.4 Recent developments
14.2 NicoNico Rent a Car
14.2.1 Company details
14.2.2 Financial outlook
14.2.3 Product summary
14.2.4 Recent developments
14.3 Nippon Rent-a-Car
14.3.1 Company details
14.3.2 Financial outlook
14.3.3 Product summary
14.3.4 Recent developments
14.4 Orix Rent-a-Car
14.4.1 Company details
14.4.2 Financial outlook
14.4.3 Product summary
14.4.4 Recent developments
14.5 Sky Rent-a-Car
14.5.1 Company details
14.5.2 Financial outlook
14.5.3 Product summary
14.5.4 Recent developments
14.6 Smile Rental Car
14.6.1 Company details
14.6.2 Financial outlook
14.6.3 Product summary
14.6.4 Recent developments
14.7 Times Car Rental
14.7.1 Company details
14.7.2 Financial outlook
14.7.3 Product summary
14.7.4 Recent developments
14.8 Toyota Rent-a-Car
14.8.1 Company details
14.8.2 Financial outlook
14.8.3 Product summary
14.8.4 Recent developments
15. List of Abbreviations
16. Reference Links
17. Conclusion
18. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
