Boom time for car hire

ACCORDING to a report published by Transparency Market Research, the global car rental market was valued at US$36.89 billion in 2013, and is forecast to be worth US$79.46 billion in 2019.

Increasing GDP levels, increasing volumes of both inbound and domestic tourists, coupled with a rise in disposable incomes and improving road infrastructure, are factors driving the industry. The emerging business class in India and China along with the green revolution in the automobile industry are also growth factors.

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