Philippines Car Rentals (Self Drive) Market Size by Customer Type (Business, Leisure), Rental Location (Airport, Non-Airport), Fleet Size, Rental Occasion and Days, Utilization Rate, Average Revenue and Forecast to 2026

Philippines Car Rentals (Self Drive) Market Size by Customer Type (Business, Leisure), Rental Location (Airport, Non-Airport), Fleet Size, Rental Occasion and Days, Utilization Rate, Average Revenue and Forecast to 2026

Summary

Annual revenue from the business and leisure car rental (Self-drive) market in Philippines is valued at PHP 0.28 million and PHP 0.46 million respectively in 2021. During the period 2017-2021, business rentals registered a CAGR of -4.63% while leisure rentals registered a CAGR of -3.92%. Over the forecast period 2021-2026, the annual revenue from business and leisure rentals is expected to record a CAGR of 14.95% and 18.04% respectively, reaching to a value of PHP 0.57 million and PHP 1.04 million respectively by 2026.

Furthermore, the report also details out Fleet Size (number of operational cars available for short term rental for the purpose of business, leisure, and insurance replacement) for the period 2017 to 2026 along with Utilization Rate and Average Revenue per Day from the Car Rental business in Philippines.

The report acts as an essential tool for companies active or plans to venture in to Philippines’s Car Rental market. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting.

Scope

• Overview of the Car Rentals business in Philippines.
• Analysis of the Utilization Rate, Fleet available for rent and actual on-rent days.
• Historic and forecast revenues by Customer type and average revenue per day for the period 2017 through to 2026.
• Analytics on key market moving parameters rental occasions, rental days, average rental length and others.
• Key revenue statistics on Point of Rental and Insurance / Temporary Car Replacement market segments.

Reasons to Buy

• Embrace the market information at category and segment level for precise marketing plan.
• Outline investments on potential growth factors considering actual market size and future prospects.
• Evolve business plans based on forecasts information.