Car Rental Market Trends and Analysis by Region, Deals and Competitive Landscape

Car Rental Market Trends and Analysis by Region, Deals and Competitive Landscape

Summary

GlobalData’s car rental market report provides in-depth analysis of the key market trends that are shaping the future of the car rental market globally. Detailed market insight is provided at a regional level and company profiles for the leading players are also provided.

Key Highlights

During XX, the car rental market value in the US reached $XX billion, up from $XX billion in XX. As per GlobalData, it is expected that the car rental market value in the US will be the major contributor to the global car rental market with XX% ($XX billion in XX) due to growth in the use of technology and increased demand for car rental in the US.
During XX, car rental for leisure purposes in the Africa region was $XX million, which contributed XX% of the overall car rental market value, followed by business purposes with a contribution of XX% ($XX million). Car rental during leisure trips helps travelers to enjoy and relax by enjoying beautiful landscapes and abundant wildlife.
Japan is the fifth ranked country in terms of car rental market value in Asia Pacific, with a market value of $XX million in XX. However, the car rental market value performance in XX was lower than its pre-pandemic level in XX ($XX million). As per GlobalData, it is expected that Japan's car rental market value will reach its pre-pandemic level in XX to hit $XX million before reaching $XX million in XX with a CAGR of XX% from XX to XX.
Prior to COVID, the car rental utilization rate in the European region was XX%, which grew positively with a CAGR of XX% from XX to XX. Due to COVID situations, which led to a decrease in travel restrictions and group gatherings, the car rental utilization rate has reached XX% in XX and XX% in XX. During XX, the overall car rental utilization rate in the European region reached XX%, with Spain having the highest utilization rate of XX%.

Scope

This report provides an analysis of the Car rental industry including snapshot, insights into car rentals as per geographic region, key market trends, outlook, leading players.Reasons to Buy

• Understand the impact of COVID-19 on this market
• Gauge which are the biggest and most promising regional markets for the car rental market
• Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
• Gain an understanding of the outlook for regional markets and learn from existing successes and our recommendations.