United States (US) Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Rental in the United States 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 US car rentals market had total revenues of $41.9 billion in 2022, representing a compound annual growth rate (CAGR) of 7.3% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 1.7% between 2017 and 2022, to reach a total of 2.4 million cars in 2022.
- According to WTTC (World Travel and Tourism Council), in 2022, the capital investment in travel and tourism in the US reached $213 billion.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 2022?
- What will be the size of the United States car rental market in 2027?
- 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?
- What are the main segments that make up the United States'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
- 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: $ billion, 2017–22
- Table 2: United States car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: United States car rental market category segmentation: % share, by value, 2017–2022
- Table 4: United States car rental market category segmentation: $ billion, 2017-2022
- Table 5: United States car rental market geography segmentation: $ billion, 2022
- Table 6: United States car rental market value forecast: $ billion, 2022–27
- Table 7: United States 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: United States size of population (million), 2018–22
- Table 18: United States gdp (constant 2005 prices, $ billion), 2018–22
- Table 19: United States gdp (current prices, $ billion), 2018–22
- Table 20: United States inflation, 2018–22
- Table 21: United States consumer price index (absolute), 2018–22
- Table 22: United States exchange rate, 2018–22
- List of Figures
- Figure 1: United States car rental market value: $ billion, 2017–22
- Figure 2: United States car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: United States car rental market category segmentation: $ billion, 2017-2022
- Figure 4: United States car rental market geography segmentation: % share, by value, 2022
- Figure 5: United States car rental market value forecast: $ billion, 2022–27
- Figure 6: United States car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the car rental market in the United States, 2022
- Figure 8: Drivers of buyer power in the car rental market in the United States, 2022
- Figure 9: Drivers of supplier power in the car rental market in the United States, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car rental market in the United States, 2022
- Figure 11: Factors influencing the threat of substitutes in the car rental market in the United States, 2022
- Figure 12: Drivers of degree of rivalry in the car rental market in the United States, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook