Car Rental Market, Global Outlook and Forecast 2023-2032
Car or vehicle rental service is relatively developed in the industrialized economies. A car rental, hire car, or car hire company provides vehicles on rent for short periods of time, generally ranging from a few hours to a few weeks. Car rental providers have a number of local branches and offices near airports, bus stops, railway station, and busy city areas. The key vendors that provide vehicle rental services mainly focus on customer's requirements, growth, innovation, and offers that attract customers and efficiency.
This report aims to provide a comprehensive presentation of the global market for Car Rental, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Car Rental. This report contains market size and forecasts of Car Rental in global, including the following market information:
Global Car Rental Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Car Rental market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The impact of information technology in the industry has driven the transformation of the car rental services. The growing trend of using the Internet for customizing travel trips and online reservations & bookings is anticipated to propel the use of technology in the industry. The implementation of technology in these services makes the whole process safe, quick, reliable, and easy for consumers. In addition to this, the hassle-free process of online reservations and bookings increases convenience for both, the operators and customers.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Car Rental companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Car Rental Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Car Rental Market Segment Percentages, by Type, 2022 (%)
Luxury Cars
Executive Cars
Economy Cars
SUVs
MUVs
Global Car Rental Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Car Rental Market Segment Percentages, by Application, 2022 (%)
Local Usage
Airport Transport
Outstation
Global Car Rental Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Car Rental Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Car Rental revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Car Rental revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Avis Budget
Carzonrent
Enterprise Holding
Europcar
Hertz
Sixt
Outline of Major Chapters:
Chapter 1: Introduces the definition of Car Rental, market overview.
Chapter 2: Global Car Rental market size in revenue.
Chapter 3: Detailed analysis of Car Rental company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Car Rental in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
