Business

Global Car Rental Business will hit $164,335 Million By 2022 With CAGR of 11.6%

Published

6 years ago

June 19, 2019

The Value of the global car rental market in 2015 was at $79,648 million which was right according to that time. According to a study done on the key players in car rental service, the global car rental market will see massive growth in business by 2022. The value of the market in the upcoming three years would reach up to $164,335 million with CAGR of 11.6%. A drastic increment in the income of US countries’ people such as Mexico and New York, let the government officials enhance the road infrastructure across the states. And the Internet contributed to the same to propel the Global car rental market to a high position.

Car rental companies such as Cancun Car Rental in Mexico offer automobiles with suitable fees for a fixed duration. The renting period ranges from days to months. The car rental companies rent economic cars, executive cars, SUV and luxury cars. People use these cars for several events such as airport transport, local usage, self-drive and employees transportation. The demand for rental cars for these events is increasing day by day and it is benefiting the rental companies. That is why there is a strong prediction that the global car rental market will see huge growth in business by 2022.

The study on the market segmentation was based on the type of car, rental category, and geography. The type of cars were further categorized into a luxury car, executive car and sports car. The rental category was divided into airport cars and non-airport cars. The major markets including North America, Europe, and the Asia Pacific were studied to set an accurate forecast to the global car rental market.

Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Published

2 hours ago

March 21, 2025

Matthew Wiles

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.