Europe Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Rental in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 European car rentals market had total revenues of $17.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 0.8% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 0.4% between 2017 and 2022, to reach a total of 1.6 million cars in 2022.
- According to the World Travel and Tourism Council (WTTC), Paris - the capital of France, holds the title of the world’s most powerful city destination with a travel & tourism industry worth almost $36 billion in 2022, in terms of direct GDP contribution to the city.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in Europe
- 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 Europe car rental market with five year forecasts
- What was the size of the Europe car rental market by value in 2022?
- What will be the size of the Europe car rental market in 2027?
- What factors are affecting the strength of competition in the Europe car rental market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe'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. Enterprise Holdings Inc
- 8.2. Hertz Global Holdings Inc
- 8.3. Avis Budget Group Inc
- 8.4. Sixt SE
- 8.5. Europcar Mobility Group SA
- 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: Europe car rental market value: $ billion, 2017–22
- Table 2: Europe car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: Europe car rental market category segmentation: % share, by value, 2017–2022
- Table 4: Europe car rental market category segmentation: $ billion, 2017-2022
- Table 5: Europe car rental market geography segmentation: $ billion, 2022
- Table 6: Europe car rental market value forecast: $ billion, 2022–27
- Table 7: Europe car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Table 8: Enterprise Holdings Inc: key facts
- Table 9: Enterprise Holdings Inc: Key Employees
- Table 10: Hertz Global Holdings Inc: key facts
- Table 11: Hertz Global Holdings Inc: Annual Financial Ratios
- Table 12: Hertz Global Holdings Inc: Key Employees
- Table 13: Hertz Global Holdings Inc: Key Employees Continued
- Table 14: Avis Budget Group Inc: key facts
- Table 15: Avis Budget Group Inc: Annual Financial Ratios
- Table 16: Avis Budget Group Inc: Key Employees
- Table 17: Sixt SE: key facts
- Table 18: Sixt SE: Annual Financial Ratios
- Table 19: Sixt SE: Key Employees
- Table 20: Europcar Mobility Group SA: key facts
- Table 21: Europcar Mobility Group SA: Key Employees
- Table 22: Europe size of population (million), 2018–22
- Table 23: Europe gdp (constant 2005 prices, $ billion), 2018–22
- Table 24: Europe gdp (current prices, $ billion), 2018–22
- Table 25: Europe inflation, 2018–22
- Table 26: Europe consumer price index (absolute), 2018–22
- Table 27: Europe exchange rate, 2018–22
- List of Figures
- Figure 1: Europe car rental market value: $ billion, 2017–22
- Figure 2: Europe car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: Europe car rental market category segmentation: $ billion, 2017-2022
- Figure 4: Europe car rental market geography segmentation: % share, by value, 2022
- Figure 5: Europe car rental market value forecast: $ billion, 2022–27
- Figure 6: Europe car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the car rental market in Europe, 2022
- Figure 8: Drivers of buyer power in the car rental market in Europe, 2022
- Figure 9: Drivers of supplier power in the car rental market in Europe, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car rental market in Europe, 2022
- Figure 11: Factors influencing the threat of substitutes in the car rental market in Europe, 2022
- Figure 12: Drivers of degree of rivalry in the car rental market in Europe, 2022
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