North America Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Rental in North America 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 North American car rentals market had total revenues of $44.5 billion in 2022, representing a compound annual growth rate (CAGR) of 6.7% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 1.5% between 2017 and 2022, to reach a total of 2.7 million cars in 2022.
- The leisure segment accounted for the market's largest proportion in 2022, with total revenues of $26.8 billion, equivalent to 60.3% of the market's overall value.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in North America
- 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 North America car rental market with five year forecasts by both value and volume
- What was the size of the North America car rental market by value in 2022?
- What will be the size of the North America car rental market in 2027?
- What factors are affecting the strength of competition in the North America car rental market?
- How has the market performed over the last five years?
- Who are the top competitors in North America'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. Booking Holdings Inc
- 8.4. Avis Budget Group Inc
- 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: North America car rental market value: $ billion, 2017–22
- Table 2: North America car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: North America car rental market category segmentation: % share, by value, 2017–2022
- Table 4: North America car rental market category segmentation: $ billion, 2017-2022
- Table 5: North America car rental market geography segmentation: $ billion, 2022
- Table 6: North America car rental market value forecast: $ billion, 2022–27
- Table 7: North America 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: Booking Holdings Inc: key facts
- Table 15: Booking Holdings Inc: Annual Financial Ratios
- Table 16: Booking Holdings Inc: Key Employees
- Table 17: Avis Budget Group Inc: key facts
- Table 18: Avis Budget Group Inc: Annual Financial Ratios
- Table 19: Avis Budget Group Inc: Key Employees
- Table 20: North America exchange rate, 2018–22
- List of Figures
- Figure 1: North America car rental market value: $ billion, 2017–22
- Figure 2: North America car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: North America car rental market category segmentation: $ billion, 2017-2022
- Figure 4: North America car rental market geography segmentation: % share, by value, 2022
- Figure 5: North America car rental market value forecast: $ billion, 2022–27
- Figure 6: North America car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the car rental market in North America, 2022
- Figure 8: Drivers of buyer power in the car rental market in North America, 2022
- Figure 9: Drivers of supplier power in the car rental market in North America, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car rental market in North America, 2022
- Figure 11: Factors influencing the threat of substitutes in the car rental market in North America, 2022
- Figure 12: Drivers of degree of rivalry in the car rental market in North America, 2022
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