Car Rental Market, By Car Type (Intercity/Local Usage, On-Airport, Intra-City/Outstation, Others), By Category (Luxury Cars, Executive Cars, Economic Cars, SUVs, MUVs), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Car Rental Market, By Car Type (Intercity/Local Usage, On-Airport, Intra-City/Outstation, Others), By Category (Luxury Cars, Executive Cars, Economic Cars, SUVs, MUVs), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Car rental services involve renting of automobiles for short duration of time at certain costs. The global car rental market has witnessed a substantial growth in the past few years owing to the rising pollution in urban regions. Furthermore, with the growing trend of online mode of car booking, consumers are adopting car rental services as cars have emerged as one of the fastest and cheapest modes of transportation.
Market Dynamics
The global car rental market is poised to witness lucrative growth over the forecast period as the demand for car rental services continues to rise. The major players in the market are actively investing in innovative product launches, research and development initiatives, and robust marketing strategies to capitalize on emerging trends in various segments including outstation, intgercity, and airport services. The integration of a global car rental system to meet the demand for reliable and high quality travel services further boosts the market growth.
Furthermore, the market is benefiting from the strategic efforts of key car rental operators to expand their brand presence and distribution platforms by leveraging the growing trend. Rapid urbanization, shifting lifestyles, increased investments, and rising consumer spending are also driving the global car rental market growth.
Moreover, the market is witnessing a surge in the adoption of car rental services as customers seek flexible mobility solutions, especially in urban areas. The convenience, cost-effectiveness, and variety of vehicle options offered by car rental companies makes them an attractive choice for both leisure and business travelers. This increasing consumer preference, coupled with advancements in technology and enhanced consumer experience, are expected to propel the global car rental market growth over the forecast period.
Key features of the study:
This report provides an in-depth analysis of the global car rental market and provides market size (US$ Billion) and Compound Annual Growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global car rental market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
The key companies covered as a part of this study include Enterprise Holdings, The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, Al Futtaim Group, Localiza - Rent a Car, Eco Rent a Car, and GlobalCARS
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
The global car rental market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global car rental market
Global Car Rental Market Detailed Segmentation:
By Category:
Intercity/Local Usage
On-Airport
Intra-City/Outstation
Others
By Car Type:
Luxury Cars
Executive Cars
Economy Cars
SUVs
MUVs
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
The Hertz Corporation
Avis Budget Group
Enterprise Holdings
Europcar Group
Carzonrent
Sixt SE
Al Futtaim Group
Localiza - Rent a Car
Eco Rent a Car
GlobalCARS
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Car Type
Market Snippet, By Category
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trend Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
PEST Analysis
PORTERS’S Analysis
New Product Approvals/Launches
Promotion and Marketing Initiatives
4. Global Car Rental Market - Impact of Coronavirus (COVID-19) Pandemic
Changes in Government Regulations, by Geography
North America
Europe
Asia Pacific
Rest of the World
5. Global Car Rental Market, By Category, 2023 - 2030 (US$ Thousand)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Segment Trends
Intercity/Local Usage
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
On-Airport
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Intra-City/Outstation
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Others
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
6. Global Car Rental Market, By Car Type, 2023 - 2030 (US$ Thousand)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Segment Trends
Luxury Cars
Market Share Analysis, 2022 – 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Executive Cars
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Economy Cars
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
SUVs
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
MUVs
Market Share Analysis, 2022 - 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
7. Global Car Rental Market, By Region, 2023 - 2030 (US$ Thousand)
Introduction
Market Share Analysis, By Region, 2022 and 2030 (%)
Y-o-Y Growth Analysis, By Region, 2023 - 2030
North America
Market Share Analysis, By Country, 2022 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 - 2030
U.S.
Country Trends
Market Size and Forecast, By Car type, 2022 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Canada
Country Trends
Market Size and Forecast, By Car type, 2022 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Europe
Market Share Analysis, By Country, 2022 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 - 2030
France
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Germany
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Italy
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Spain
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
U.K.
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Russia
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Rest of Europe
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Asia Pacific
Market Share Analysis, By Country, 2022 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 - 2030
China
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
India
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Japan
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030 (US$ Thousand)
Rest of Asia Pacific
Country Trends
Market Size and Forecast, By Car type, 2023 - 2030 (US$ Thousand)
Market Size and Forecast, By Category, 2023 - 2030
Rest of the World
Market Share Analysis, By Country/Sub-region, 2022 and 2030 (%)
Y-o-Y Growth Analysis, By Country/Sub-region, 2023 - 2030