Reports
Reports
The global car rental market size was valued at USD 82.4 billion in 2021. The market is anticipated to reach a valuation of USD 108.54 billion by 2027, growing at a CAGR of 4.7% in the forecast period of 2023-2028.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Most tourists prefer the online reservation technique for a rental car. As per the car rental industry overview, booking online serves a variety of purposes, such as, verifying the renter's documents, the information about the car, the ability to drop at and pick up from a certain location, e-signed contracts, cashless transaction, and much more. Online booking also enables vehicle booking from faraway places, without the need to be physically present at the site, which is propelling the industry forward. The rental car market tends to vary significantly between regions and urban and suburban areas, increasing the importance of rental car market research.
Through a car rental company one can rent automobiles for short periods of time through online or offline booking modes.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The car rental market analysis can be categorised on the basis of segments like vehicle type, application, and booking type.
The industry can be divided on the basis of its vehicle type as luxury/premium cars, economy/budget cars, SUVs and MUVs.
The industry can be broadly categorised on the basis of its application type into:
The industry can be divided on the basis of its booking type as offline access and online access.
The car rental market report by EMR looks into the regional car rental markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
With increased levels of pollution and population, the car rental sector has experienced a dramatic transformation over the past few years, becoming one of the most prominent fleet transportation sectors. Manufacturers and customers depend on multiple cost-effective car rental systems, such as three-year leasing of vehicles from their owners and then renting them through app-based reservations.
There are several car rental industry trends that are supporting the growth of the market, including the growth of smartphone-based rentals, and specialised car rentals. For special occasions or trips, users can choose particular car models and types to suit the occasion or destination.
Furthermore, car rentals contribute significantly to reduce the amount of pollution by decreasing owned-vehicle volumetric sales, resulting in a growing car rental market share. In addition, growth in online vehicle booking segment have become the preferred choice for renting, further aiding the car rental market growth. The global car rental market growth is driven primarily by the travel and tourism sector. In addition, increase in disposable incomes along with the enhanced road infrastructure, is fostering industry growth.
The car rental companies market share depends upon several factors, including regions catered to, fleet size, and type of renting they support. The report presents a detailed analysis of the following key players in the global car rental market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Booking Type |
|
Breakup by Application Type |
|
Breakup by Vehicle Type |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Car Rental Market Analysis
8.1 Key Industry Highlights
8.2 Global Car Rental Historical Market (2018-2022)
8.3 Global Car Rental Market Forecast (2023-2028)
8.4 Global Car Rental Market by Booking Type
8.4.1 Offline Access
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Online Access
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Car Rental Market by Application Type
8.5.1 Leisure/Tourism
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Business
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Car Rental Market by Vehicle Type
8.6.1 Luxury/Premium Cars
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Economy/Budget Cars
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 SUVs
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 MUVs
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.7 Global Car Rental Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Car Rental Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Car Rental Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Car Rental Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.2 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Car Rental Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Car Rental Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ACE Rent-a-Car Reservations, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Advantage Rent-a-car
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 National Car Rental
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Avis Budget Group, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Eco Rent a Car
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Enterprise Holdings Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Hertz Corp.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Global Cars
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Localiza–Rent-a-car SA
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Europcar Group
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Car Rental Market: Key Industry Highlights, 2018 and 2028
2. Global Car Rental Historical Market: Breakup by Booking Type (USD Million), 2018-2022
3. Global Car Rental Market Forecast: Breakup by Booking Type (USD Million), 2023-2028
4. Global Car Rental Historical Market: Breakup by Application Type (USD Million), 2018-2022
5. Global Car Rental Market Forecast: Breakup by Application Type (USD Million), 2023-2028
6. Global Car Rental Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
7. Global Car Rental Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
8. Global Car Rental Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Car Rental Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Car Rental Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Car Rental Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Car Rental Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Car Rental Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Car Rental Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Car Rental Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Car Rental Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Car Rental Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Car Rental Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Car Rental Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Car Rental Market Structure
In 2021, the global car rental market attained a value of nearly USD 82.4 billion.
The market is projected to grow at a CAGR of 4.7% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 108.54 billion by 2027.
The major industry drivers are rising population, growing urbanisation, and the increased levels of pollution and population.
The key trends in the market are growth in online vehicle booking segment, increase in disposable incomes along with the enhanced road infrastructure.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The booking types include offline access and online access.
Leisure/tourism is the dominant application segment in the industry.
The vehicle types can be divided into luxury/premium cars, economy/budget cars, SUVs, and MUVs.
The major players in the industry are Ace Rent-a-car, Advantage Rent-a-car, National Car Rental, Avis Budget Group Inc., Eco Rent a Car, Enterprise Holdings Inc., Hertz Corp. [HRI (NYSE)], Global Cars, Localiza–Rent-a-car SA [RENT3 (BVMF)], and Europcar Group [EUCAR (EPA)], among others.
The global car rental market attained a value of nearly USD 82.4 billion in 2021, driven by the increased levels of pollution and population. Aided by the growth in the online and smartphone-based vehicle booking segment, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.7%. The market is projected to reach USD 108.54 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The booking types include offline access and online access. Based on its applications, the car rental industry can be segmented into leisure/tourism and business, with leisure/tourism accounting for the largest market share. The vehicle types can be divided into luxury/premium cars, economy/budget cars, SUVs, and MUVs. The major regional markets for car rental are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ace Rent-a-car, Advantage Rent-a-car, National Car Rental, Avis Budget Group Inc., Eco Rent a Car, Enterprise Holdings Inc., Hertz Corp. [HRI (NYSE)], Global Cars, Localiza–Rent-a-car SA [RENT3 (BVMF)], and Europcar Group [EUCAR (EPA)], among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.