Global Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Global Car Rental industry profile provides top-line qualitative and quantitative summary information including: 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 global car rentals market had total revenues of $74.1 billion in 2022, representing a compound annual growth rate (CAGR) of 1.9% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 0.3% between 2017 and 2022, to reach a total of 6.5 million cars in 2022.
- According to UNWTO, travel and tourism spending by international visitors globally reached 64% from 2021.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the car rental market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global car rental market
- 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 Global car rental market with five year forecasts by both value and volume
- What was the size of the Global car rental market by value in 2022?
- What will be the size of the Global car rental market in 2027?
- What factors are affecting the strength of competition in the Global car rental market?
- How has the market performed over the last five years?
- How large is the global’s car rental market in relation to its regional counterparts?
- 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. Europcar Mobility Group SA
- 8.5. Sixt SE
- 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: Global car rental market value: $ billion, 2017–22
- Table 2: Global car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: Global car rental market category segmentation: % share, by value, 2017–2022
- Table 4: Global car rental market category segmentation: $ billion, 2017-2022
- Table 5: Global car rental market geography segmentation: $ billion, 2022
- Table 6: Global car rental market value forecast: $ billion, 2022–27
- Table 7: Global 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: Europcar Mobility Group SA: key facts
- Table 18: Europcar Mobility Group SA: Key Employees
- Table 19: Sixt SE: key facts
- Table 20: Sixt SE: Annual Financial Ratios
- Table 21: Sixt SE: Key Employees
- Table 22: Global exchange rate, 2018–22
- List of Figures
- Figure 1: Global car rental market value: $ billion, 2017–22
- Figure 2: Global car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: Global car rental market category segmentation: $ billion, 2017-2022
- Figure 4: Global car rental market geography segmentation: % share, by value, 2022
- Figure 5: Global car rental market value forecast: $ billion, 2022–27
- Figure 6: Global car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the global car rental market, 2022
- Figure 8: Drivers of buyer power in the global car rental market, 2022
- Figure 9: Drivers of supplier power in the global car rental market, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the global car rental market, 2022
- Figure 11: Factors influencing the threat of substitutes in the global car rental market, 2022
- Figure 12: Drivers of degree of rivalry in the global car rental market, 2022
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