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24 Nov 2017

Industry

Car Rentals, 2018: Growing 6-8%, Driven by Logistics Service and Tourism (Current Issue No. 2882)

คะแนนเฉลี่ย

We at KReseach expect that turnover within the car rental market here will probably reach THB42.5 billion in 2017, increasing 9 percent YoY. Of that total, 69 percent would likely be in long-term car rentals by various organizations as major customers, and the rest, 31 percent, in short-term car rentals by tourists as the main clients. During 2018, we project that the overall turnover in car rental business here will total perhaps THB45-45.9 billion, rising 6-8 percent YoY.

KResearch is of the view that growth in logistics service business as a result of growing online transactions, plus thriving tourism amid many low-cost airline flights to new destinations as well as independent travel, have helped boost car rental business here in recent years. This outlook should continue into 2018, as well.

Industry