United States of America (USA) Car Rental Market Summary, Competitive Analysis and Forecast to 2026
Summary
Car Rental in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-21, and forecast to 2026). 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 is made up of car rentals for business, leisure purposes and Insurance replacement. Market volumes represent the size of the rental car fleet within the respective countries. The calculation excludes leasing and long term rentals. Taxis/cabs or any other passenger vehicles driven by drivers are excluded from the calculation. The distribution channels are represented by airport and non airport locations calculated for leisure and business segments only. Other distribution channel represents the value of the fleet rented for insurance purpose. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The US Car rental market had total Revenues of $29,171.5 million in 2021, representing a compound annual growth rate (CAGR) of -0.2% between 2016 and 2021.
- The size of the rental fleet declined with a CAGR of -2% between 2016 and 2021, to reach a total of 2.0 million vehicles in 2021.
- Due to travel bans and restriction on the movement because of lockdowns caused the car ridership numbers to dropped by 61% in 2020.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the car rental market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in the United States
- 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 United States car rental market with five year forecasts
- What was the size of the United States car rental market by value in 2021?
- What will be the size of the United States car rental market in 2026?
- What factors are affecting the strength of competition in the United States car rental market?
- How has the market performed over the last five years?
- How large is the United State'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
- 4.3. Market distribution
- 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. Which players have been most successful in the past few years?
- 7.3. How are companies using technology to gain market share?
- 7.4. How have leading players been impacted by the COVID-19 pandemic?
- 8 Company Profiles
- 8.1. Enterprise Holdings Inc
- 8.2. Hertz Global Holdings Inc
- 8.3. 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: United States car rental market value: $ million, 2016-21
- Table 2: United States car rental market volume: thousand vehicles, 2016-21
- Table 3: United States car rental market category segmentation: % share, by value, 2016-2021
- Table 4: United States car rental market category segmentation: $ million, 2016-2021
- Table 5: United States car rental market geography segmentation: $ million, 2021
- Table 6: United States car rental market distribution: % share, by value, 2021
- Table 7: United States car rental market value forecast: $ million, 2021-26
- Table 8: United States car rental market volume forecast: thousand vehicles, 2021-26
- Table 9: Enterprise Holdings Inc: key facts
- Table 10: Enterprise Holdings 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: Avis Budget Group Inc: key facts
- Table 16: Avis Budget Group Inc: Annual Financial Ratios
- Table 17: Avis Budget Group Inc: Key Employees
- Table 18: United States size of population (million), 2017-21
- Table 19: United States gdp (constant 2005 prices, $ billion), 2017-21
- Table 20: United States gdp (current prices, $ billion), 2017-21
- Table 21: United States inflation, 2017-21
- Table 22: United States consumer price index (absolute), 2017-21
- Table 23: United States exchange rate, 2017-21
- List of Figures
- Figure 1: United States car rental market value: $ million, 2016-21
- Figure 2: United States car rental market volume: thousand vehicles, 2016-21
- Figure 3: United States car rental market category segmentation: $ million, 2016-2021
- Figure 4: United States car rental market geography segmentation: % share, by value, 2021
- Figure 5: United States car rental market distribution: % share, by value, 2021
- Figure 6: United States car rental market value forecast: $ million, 2021-26
- Figure 7: United States car rental market volume forecast: thousand vehicles, 2021-26
- Figure 8: Forces driving competition in the car rental market in the United States, 2021
- Figure 9: Drivers of buyer power in the car rental market in the United States, 2021
- Figure 10: Drivers of supplier power in the car rental market in the United States, 2021
- Figure 11: Factors influencing the likelihood of new entrants in the car rental market in the United States, 2021
- Figure 12: Factors influencing the threat of substitutes in the car rental market in the United States, 2021
- Figure 13: Drivers of degree of rivalry in the car rental market in the United States, 2021
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