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Car Rental Market to Make $176.2b by 2025

By Dipo Olowookere
Future Market Insights (FMI) has announced the release of its report titled ‘Car Rental Market: Global Industry Analysis and Opportunity Assessment 2015-2025.’
According to the report, the global car rental market, valued at $87.8 billion in 2014, is anticipated to reach $176.2 billion by 2025, expanding at a CAGR of 6.6 percent between 2015 and 2025.
The global car rental market is driven by rising global tourism industry, surge in public awareness about car rental services, easy booking via online services, introduction of new business concepts, increasing number of Internet users and rise in international tourist arrivals. Apart from this, growing GDP rates and increasing income levels in the developing regions are also positively influencing growth of the car rental market globally.
Increasing infrastructural developments, growing air travel, rise in demand for recreational activities and increasing urban population have widened the scope for car rental service providers. Conversely, stringent emission standards, low cost public transportation, and volatility in crude oil prices are some of the minor restraints in the global car rental market. Additionally, increasing mobile and Internet usage is also expected to drive growth of the global car rental market in the coming years. Growing investments by the industry players and increasing online presence of the car rental service providers is expected to further drive growth of global car rental market.
Rising technological developments are expected to offer favourable growth opportunities in the near future. Rapid urbanisation is leading to a rise in the mobility on-demand services, which include car sharing, short-term car rental services, etc., which are providing favourable prospects for growth of the car rental market.
North America dominated the global car rental market in 2014, in terms of revenue, accounting for 48.4 percent share of the overall market. However, APEJ (Asia Pacific Excluding Japan) is foreseen to expand at a relatively high CAGR of 10.2 percent during the forecast period. North America is expected to remain the most dominant global car rental market throughout the forecast period.
The major players in the market are focusing on expanding their global footprints through various mergers and acquisitions.
Rising consolidation in the car rental industry has facilitated market leaders, such as Enterprise Holdings Inc., to expand their respective businesses in various geographies, thereby increasing their market share. The U.S. is witnessing major investments by market players, along with increasing popularity of car sharing services.
By end use, the on-airport segment dominated the global car rental market in 2014 in terms of revenue, and is foreseen to expand at a CAGR of 8.2 percent during the forecast period. The on-airport car rental segment is expected to remain the most dominant segment in the global car rental market throughout the forecast period
By customer type, the leisure segment is foreseen to expand at a high CAGR of 8.6 percent during the forecast period. The segment is expected to dominate the global car rental market throughout the forecast period.
On the basis of booking type, the offline access dominated the global car rental market in 2014 in terms of revenue, accounting for 48.4 pecent share of the overall market in 2014. The market is expected to lose its market share to the mobile application segment, which is projected to expand at a CAGR 9.9 percent during the forecast period.
On the basis of sector, the unorganised segment dominated the global car rental market in 2014 in terms of revenue, accounting for 56.9 percent share of the overall market. However, the organised sector segment is foreseen to expand at a relatively high CAGR of 7.3 percent.
Competitive Landscape
Key market players covered in the reportinclude Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Inc., Europcar Group S.A., Carzonrent India Pvt Ltd., Sixt SE, Al Futtaim Group, Localiza- Rent a Car SA, Eco Rent a Car and GlobalCARS. The car rental market is consolidated in some regions such as the U.S. and Europe, with the top two players bagging over 50 percent shares of the total market. Most players in the market are engaged in various activities, such as mergers and acquisitions, increasing investments in technological developments, geographical expansion and brand building via strong marketing strategies, in order to sustain their position in the competitive market.
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OneClickDrive Brings Together Dubai’s Top Car Rental Offers on One Platform

Dubai keeps drawing millions of visitors as well as residents with its opulent way of life, architectural marvels, and hassle-free infrastructure. However, to see this city in its full glory, mobility is all one needs.And, that’s where OneClickDrive comes into the picture. OneClickDrive is a marketplace for car rentals in the region featuring a wide range of options to rent a car in Dubai according to individual needs and budgets, all under one easy-to-use platform.
If you are a weekend traveler to Dubai or a local who requires a rental for an extended period of time, the site places all your potential rental choices at your fingertips. No more surfing the web and frequent phone calls as OneClickDrive consolidates listings from Dubai’s major car rental suppliers and enables customers to view, compare, and reserve directly.
Ranging from economy cars, sedans to SUVs, sports cars, and luxury cars, there is a wide range. Whether you need a budget-friendly Nissan Sunny or want to make a grand entrance with a Rolls Royce Ghost, OneClickDrive offers real-time listings with transparent pricing, no commission charges or hidden fees.
Every kind of traveler is sure to find the perfect fit with OneClickDrive. For those who require a fuel-efficient drive for city usage, there are many small and economy cars available. Families and larger groups can rent SUVs and vans for comfort and space. Those tourists who want to visit Dubai in style could rent Audi R8 Dubai or other high-end luxury cars such as Lamborghini, Ferrari, Bentley and Mercedes Benz.
Further, customers also consider long-term rentals, which are now some of the most sought-after features on the platform. Monthly rentals typically come with included mileage and free maintenance, and the rates are lower, therefore putting it nicely for expats, corporate professionals, or even someone waiting for their own vehicle.
OneClickDrive is friendly not just to self-drive renters. The site carries chauffeur-driven car services for their VIP clients, airport transfers, business events, or tourists who may not care to relish the road rules of a new city. Professional drivers, luxury vehicles, and an hourly or daily basis make this option a favorite among many.
OneClickDrive boasts of the most popular features of this direct-to-supplier model, which allows customers to contact the rental company directly, thereby eliminating any middlemen and commission fees. Not only does this promise the lowest rates possible, but it also assures total transparency during the whole process.
OneClickDrive established itself over the years as a one-stop shop in the area of car rentals in Dubai. Its easy navigation, mobile-friendly interface and commitment to real-time accuracy have made it the favorite for both short-term visitors and long-term residents alike.
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Supercars for Less: The Online Marketplace Making Luxury Rides Accessible

Supercars, often called sports cars in Nigeria, are rapidly gaining popularity among a select group of customers. This growing interest stems from their appealing design, powerful performance, and the significant prestige they represent as symbols of wealth and success. While track-day experiences are reserved for a privileged few, the desire for these luxury vehicles is increasingly strong in the Nigerian market.
But what if you could get the thrill of a high-performance machine without the multi-million Naira price tag?
That’s exactly what Chris Slix, an ingenious car enthusiast, set out to prove. Like many, Chris harboured a dream of owning a McLaren, but faced the harsh reality of its prohibitive cost, even a used model. Adding to the challenge, some exclusive car brands have stringent purchase history requirements, effectively shutting out new buyers, regardless of their financial standing.
Undeterred, Chris set out to prove that with ingenuity and smart sourcing, the supercar dream could be achieved for less than one-tenth of the cost — and he did it with the help of Temu. A recent IPSOS survey found that 80% of respondents globally believe Temu offers value for money, with shoppers reporting average savings of 24%. More than half said they would recommend the platform to others, underscoring its growing reputation as a go-to destination for smart, savvy shopping.
Chris realised that most limited edition McLarens share parts with the base-model cars of the brand. So, he took one of McLaren’s most affordable cars and DIYed it into a premium version with budget parts from Temu. While the original car costs nearly N831 million and buying branded parts is equally exorbitant, Chris was able to buy the parts for around N52 million.
Image credits: @Chris Slix on YouTube
“I had four criteria when I was hunting for pieces – harder, better, faster, stronger; five, if you count ‘cheaper’.
His purchase was a made-to-order McLaren 650s – 675LT Full Dry-Carbon Conversion Kit, which formed the body of the car and gave it the look and feel of a dream car. It is this body and the unique tangerine paint that set the car apart from other McLarens and made it look truly premium and unique.
“The product arrived in a massive box and was completely worth the wait and the excitement. The piece itself was very well-made with no imperfections at all!”
Image credits: @Chris Slix on YouTube
The final product, with the body, paint, and parts, was truly a beauty, to the point that nobody would have been able to tell that this cost less than a quarter of the original car. Looks like you really don’t have to be a billionaire to shop like one; or for that matter, even drive like one.
For Nigerian car enthusiasts, it’s a clear signal: you don’t need a multi-million Naira budget or exclusive brand connections to pursue your ultimate automotive vision. With the right research, a bit of DIY spirit, and the unparalleled value offered on platforms like Temu, creating your own version of a dream car is now more within reach than ever before.
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NNPC Commits to Cleaner, Alternative Fuel for Nigerians

By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited has expressed its commitment to cleaner, alternative fuel for Nigerians as it handed over 35 hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on Compressed Natural Gas (Pi-CNG).
During a brief ceremony held at the NNPC Towers on Monday, the chief executive of NNPC Limited, Mr Bashir Bayo Ojulari, reiterated the company’s commitment to supporting the federal government’s gas aspirations.
Mr Ojulari, who stated that the move was in line with his organisation’s efforts to drive the adoption of CNG as a cleaner, cheaper and sustainable fuel alternative, added that the state-owned energy firm has recorded significant progress on gas supply, infrastructure, distribution and retail outlets.
“I am proud that NNPC Ltd is playing a pivotal role in driving the federal government’s gas agenda towards energy transition,” he stated.
On his part, the Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo said the CNG buses represent not just vehicles but serve as instruments of economic relief, social equity, and environmental responsibility.
“They signal a future where the ordinary Nigerian can commute safely, affordably, and efficiently,” he added.
The Minister described the initiative as a direct reflection of President Bola Tinubu’s Renewed Hope Agenda, a bold step to reduce the cost of transportation, lessen dependence on petrol, and ensure the utilization of the Nation’s abundant natural gas resources for the benefit of the people.
Adding his input, the Executive Vice President for Downstream at NNPC, Mr Mumuni Dagazau, said the adoption of CNG as a fuel alternative has significant economic benefits for the Nation by reducing reliance on PMS and AGO as automotive fuels which also leads to substantial cost savings and supports the growth of local gas industry.
Also in his remarks, the Executive Vice President, Gas, Power & New Energy, Mr Olalekan Ogunleye, said that as the CNG commercialization drive continues to gather momentum, NNPC will be there to lead the way.
The Programme Coordinator of the Presidential CNG Initiative, Mr Michael Oluwagbemi, commended the national oil company for supporting the initiative, stressing that the company has been a reliable partner for the Initiative since its commencement.
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