China Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Rental in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value includes car rentals for business, leisure purposes, and insurance replacement. Market volumes represent the size of the rental car fleet (absolute unit) within the respective countries. The calculation excludes leasing and long-term rentals. Taxis/cabs or other passenger vehicles driven by drivers are excluded from the calculation. Distribution channels are divided into airport and non-airport locations, with a focus on leisure and business segments. Other distribution channel represents the value of the fleet rented for insurance purpose.
- The Chinese car rentals market had total revenues of $980.9 million in 2022, representing a negative compound annual growth rate (CAGR) of 15% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 6.6% between 2017 and 2022, to reach a total of 128,560.0 cars in 2022.
- According to WTTC, the travel and tourism contribution to GDP in China reached $0.58 trillion, an increase of 3% of the economy.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the car rental market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in China
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China car rental market with five year forecasts by both value and volume
- What was the size of the China car rental market by value in 2022?
- What will be the size of the China car rental market in 2027?
- What factors are affecting the strength of competition in the China car rental market?
- How has the market performed over the last five years?
- Who are the top competitors in China's car rental market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the latest developments of the leading players?
- 8 Company Profiles
- 8.1. Avis Budget Group Inc
- 8.2. Hertz Global Holdings Inc
- 8.3. eHi Car Services Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: China car rental market value: $ billion, 2017–22
- Table 2: China car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: China car rental market category segmentation: % share, by value, 2017–2022
- Table 4: China car rental market category segmentation: $ billion, 2017-2022
- Table 5: China car rental market geography segmentation: $ billion, 2022
- Table 6: China car rental market value forecast: $ billion, 2022–27
- Table 7: China car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Table 8: Avis Budget Group Inc: key facts
- Table 9: Avis Budget Group Inc: Annual Financial Ratios
- Table 10: Avis Budget Group Inc: Key Employees
- Table 11: Hertz Global Holdings Inc: key facts
- Table 12: Hertz Global Holdings Inc: Annual Financial Ratios
- Table 13: Hertz Global Holdings Inc: Key Employees
- Table 14: Hertz Global Holdings Inc: Key Employees Continued
- Table 15: eHi Car Services Limited: key facts
- Table 16: eHi Car Services Limited: Key Employees
- Table 17: China size of population (million), 2018–22
- Table 18: China gdp (constant 2005 prices, $ billion), 2018–22
- Table 19: China gdp (current prices, $ billion), 2018–22
- Table 20: China inflation, 2018–22
- Table 21: China consumer price index (absolute), 2018–22
- Table 22: China exchange rate, 2018–22
- List of Figures
- Figure 1: China car rental market value: $ billion, 2017–22
- Figure 2: China car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: China car rental market category segmentation: $ billion, 2017-2022
- Figure 4: China car rental market geography segmentation: % share, by value, 2022
- Figure 5: China car rental market value forecast: $ billion, 2022–27
- Figure 6: China car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the car rental market in China, 2022
- Figure 8: Drivers of buyer power in the car rental market in China, 2022
- Figure 9: Drivers of supplier power in the car rental market in China, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car rental market in China, 2022
- Figure 11: Factors influencing the threat of substitutes in the car rental market in China, 2022
- Figure 12: Drivers of degree of rivalry in the car rental market in China, 2022
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