Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's car rental market to top 100 bln yuan by 2022: report

August 23, 2021


Abstract : China's car rental market is about to enter the high-speed growth period and top 100 billion yuan (about 15.39 billion U.S. dollars) next year, according to a report.

BEIJING, Aug. 21 (Xinhua) -- China's car rental market is about to enter the high-speed growth period and top 100 billion yuan (about 15.39 billion U.S. dollars) next year, according to a report.

The market will embrace high-speed development after the car rental industry reshuffled over the previous five or six years, according to a report by Internet data analysis service provider Analysys.

In 2021, the industry saw some car renting companies with high competitiveness including China Auto Rental and eHi taking the major share of the market.

There are 418 million Chinese people with a driving license in 2020, but the private car ownership is only 244 million in the same year. As the number of legal drivers without a private car increased sharply, a large customer base for the car rental market emerged, noted the report.

Thanks to favorable policies and growing consumption, the country's car rental demand is expanding steadily, the report reads. Enditem

Scan the QR code and push it to your mobile phone

Keyword: car rental

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial