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Car Rental Market Size, Share & Trends Analysis Report by Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUVs, MUVs), Application (Local Usage, Airport Transport, Outstation, Others), Region, and Segment Forecasts, 2023-2030

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    Report

  • 200 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5450210
Description Jump to:
The global car rental market size is anticipated to reach USD 278.03 billion by 2030, registering a CAGR of 12.2% from 2023 to 2030, according to the report. Considerable growth in the world tourism sector is one of the critical factors propelling the market growth. Additionally, increasing pollution, rising car prices, and the cost-effective nature of car rental services are some of the other key factors boosting the growth of the market.

The market has witnessed significant attention in the last decade due to the increased use of smartphone-based online booking applications. Bookings/reservations through rental stations have witnessed a decline in recent years since online booking allows users to plan and book vehicles quickly and in advance. Also, the internet offers a convenient way to browse through various websites of car rental providers and get access to numerous options and offers.

Car rental operators in developed countries, such as the U.S., are increasingly implementing advanced technology solutions to streamline their processes. Some of the key market players are using smartphone applications to promote discounts and offer information such as real-time car tracking as well as the availability of the vehicle. Industry participants in the moderately fragmented market compete on the basis of pricing, location, fleet size, and marketing expertise.

Car Rental Market Report Highlights

  • Car rental providers across the globe are focusing on implementing various technologies for training, sales and marketing, and customer support to stand out among competitors and enable better communication with their customers
  • Rising environmental concerns and awareness regarding low emission vehicles are shifting consumer preference toward vehicle rental options
  • The evolution of ‘Bleisure’ is one of the prominent emerging trends in the travel and tourism sector, which refers to a combination of business and leisure trips. This trend is anticipated to drive the market among business and leisure travelers
  • Prominent players are focusing on having their reach across the globe, in an attempt to cater to the customer needs and acquire a higher customer base

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Vehicle type
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Vehicle type outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Car Rental Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Car Rental Market Analysis Tools
3.4.1. Industry analysis - Porter’s Five Forces
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
3.4.2.4. Social landscape
Chapter 4. Car Rental Market: Vehicle Type Estimates & Trend Analysis
4.1. Car Rental Market: Key Takeaways
4.2. Car Rental Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Luxury Cars
4.3.1. Luxury cars market estimates and forecasts, 2017 to 2030 (USD Billion)
4.4. Executive Cars
4.4.1. Executive cars market estimates and forecasts, 2017 to 2030 (USD Billion)
4.5. Economy Cars
4.5.1. Economy cars market estimates and forecasts, 2017 to 2030 (USD Billion)
4.6. SUVs
4.6.1. SUVs market estimates and forecasts, 2017 to 2030 (USD Billion)
4.7. MUVs
4.7.1. MUVs market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 5. Car Rental Market: Application Estimates & Trend Analysis
5.1. Car Rental Market: Key Takeaways
5.2. Car Rental Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Local Usage
5.3.1. Local usage market estimates and forecasts, 2017 to 2030 (USD Billion)
5.4. Airport Transport
5.4.1. Airport transport market estimates and forecasts, 2017 to 2030 (USD Billion)
5.5. Outstation
5.5.1. Outstation market estimates and forecasts, 2017 to 2030 (USD Billion)
5.6. Others
5.6.1. Others market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 6. Car Rental Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Car Rental Market by Region: Key Takeaway
6.3. North America
6.3.1. North America Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. U.S. Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Canada Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. Europe Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4.2. UK
6.4.2.1. UK Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4.3. Germany
6.4.3.1. Germany Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.4.4. France
6.4.4.1. France Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Asia Pacific Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.2. Japan
6.5.2.1. Japan Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.3. China
6.5.3.1. China Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.4. India
6.5.4.1. India Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.5. Australia
6.5.5.1. Australia Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.5.6. South Korea
6.5.6.1. South Korea Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.6. Latin America
6.6.1. Latin America Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.6.2. Brazil
6.6.2.1. Brazil Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.6.3. Mexico
6.6.3.1. Mexico Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. MEA Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7.2. Saudi Arabia
6.7.2.1. Saudi Arabia Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7.3. South Africa
6.7.3.1. South Africa Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
6.7.4. UAE
6.7.4.1. UAE Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. AVR Qatar, Inc.
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Avis Budget Group, Inc.
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Carzonrent India Pvt. Ltd.
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Eco Rent A Car
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Enterprise Holdings, Inc.
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Europcar
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Localiza
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. The Hertz Corporation
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. SIXT
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 North America car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 3 North America car rental market, by application, 2017 - 2030 (USD Billion)
Table 4 North America car rental market, by region, 2017 to 2030 (USD Billion)
Table 5 U.S. car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 6 U.S. car rental market, by application, 2017 - 2030 (USD Billion)
Table 7 Canada car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 8 Canada car rental market, by application, 2017 - 2030 (USD Billion)
Table 9 Europe car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 10 Europe car rental market, by application, 2017 - 2030 (USD Billion)
Table 11 Europe car rental market, by region, 2017 to 2030 (USD Billion)
Table 12 Germany car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 13 Germany car rental market, by application, 2017 - 2030 (USD Billion)
Table 14 UK car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 15 UK car rental market, by application, 2017 - 2030 (USD Billion)
Table 16 France car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 17 France car rental market, by application, 2017 - 2030 (USD Billion)
Table 18 Asia Pacific car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 19 Asia Pacific car rental market, by application, 2017 - 2030 (USD Billion)
Table 20 Asia Pacific car rental market, by region, 2017 to 2030 (USD Billion)
Table 21 China car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 22 China car rental market, by application, 2017 - 2030 (USD Billion)
Table 23 Japan car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 24 Japan car rental market, by application, 2017 - 2030 (USD Billion)
Table 25 India car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 26 India car rental market, by application, 2017 - 2030 (USD Billion)
Table 27 Australia car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 28 Australia car rental market, by application, 2017 - 2030 (USD Billion)
Table 29 South Korea car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 30 South Korea car rental market, by application, 2017 - 2030 (USD Billion)
Table 31 Latin America car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 32 Latin America car rental market, by application, 2017 - 2030 (USD Billion)
Table 33 Latin America car rental market, by region, 2017 to 2030 (USD Billion)
Table 34 Brazil car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 35 Brazil car rental market, by application, 2017 - 2030 (USD Billion)
Table 36 Mexico car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 37 Mexico car rental market, by application, 2017 - 2030 (USD Billion)
Table 38 Middle East and Africa car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 39 Middle East and Africa car rental market, by application, 2017 - 2030 (USD Billion)
Table 40 Middle East and Africa car rental market, by region, 2017 to 2030 (USD Billion)
Table 41 South Africa car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 42 South Africa car rental market, by application, 2017 - 2030 (USD Billion)
Table 43 Saudi Arabia car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 44 Saudi Arabia car rental market, by application, 2017 - 2030 (USD Billion)
Table 45 UAE car rental market, by vehicle type, 2017 - 2030 (USD Billion)
Table 46 UAE car rental market, by application, 2017 - 2030 (USD Billion)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Car rental: Market outlook
Fig. 9 Car rental: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Car rental market driver impact
Fig. 15 Car rental market restraint impact
Fig. 16 Car rental market strategic initiatives analysis
Fig. 17 Car rental market: Vehicle type movement analysis
Fig. 18 Car rental market: Vehicle type outlook and key takeaways
Fig. 19 Luxury cars market estimates and forecasts, 2017 - 2030
Fig. 20 Executive cars market estimates and forecasts, 2017 - 2030
Fig. 21 Economy cars market estimates and forecasts, 2017 - 2030
Fig. 22 SUVs market estimates and forecasts, 2017 - 2030
Fig. 23 MUVs market estimates and forecasts, 2017 - 2030
Fig. 24 Car rental market: Application movement analysis
Fig. 25 Car rental market: Application outlook and key takeaways
Fig. 26 Local usage market estimates and forecasts, 2017 - 2030
Fig. 27 Airport transport market estimates and forecasts, 2017 - 2030
Fig. 28 Outstation market estimates and forecasts, 2017 - 2030
Fig. 29 Others market estimates and forecasts, 2017 - 2030
Fig. 30 Global car rental market: Regional movement analysis
Fig. 31 Global car rental market: Regional outlook and key takeaways
Fig. 32 North America market estimates and forecasts, 2017 - 2030
Fig. 33 U.S. market estimates and forecasts, 2017 - 2030
Fig. 34 Canada market estimates and forecasts, 2017 - 2030
Fig. 35 Europe market estimates and forecasts, 2017 - 2030
Fig. 36 UK market estimates and forecasts, 2017 - 2030
Fig. 37 Germany market estimates and forecasts, 2017 - 2030
Fig. 38 France market estimates and forecasts, 2017 - 2030
Fig. 39 Asia Pacific market estimates and forecasts, 2017 - 2030
Fig. 40 Japan market estimates and forecasts, 2017 - 2030
Fig. 41 China market estimates and forecasts, 2017 - 2030
Fig. 42 India market estimates and forecasts, 2017 - 2030
Fig. 43 Australia market estimates and forecasts, 2017 - 2030
Fig. 44 South Korea market estimates and forecasts, 2017 - 2030
Fig. 45 Latin America market estimates and forecasts, 2017 - 2030
Fig. 46 Brazil market estimates and forecasts, 2017 - 2030
Fig. 47 Mexico market estimates and forecasts, 2017 - 2030
Fig. 48 Middle East and Africa market estimates and forecasts, 2017 - 2030
Fig. 49 Saudi Arabia market estimates and forecasts, 2017 - 2030
Fig. 50 South Africa market estimates and forecasts, 2017 - 2030
Fig. 51 UAE market estimates and forecasts, 2017 - 2030

Companies Profiled

  • AVR Qatar, Inc.
  • Avis Budget Group, Inc.
  • Carzonrent India Pvt. Ltd.
  • Eco Rent A Car
  • Enterprise Holdings, Inc.
  • Europcar
  • Localiza
  • The Hertz Corporation
  • SIXT

Methodology

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About the Car Hire Market

The Car Hire market is a subset of the Automotive Leasing and Rental industry. It involves the short-term rental of cars, usually for a period of one day to one week. Car hire companies provide a range of vehicles, from economy cars to luxury vehicles, and often offer additional services such as roadside assistance and insurance. Car hire is a popular option for those who need a vehicle for a short period of time, such as for business trips or vacations. Car hire companies typically operate through a network of branches, allowing customers to pick up and drop off vehicles at convenient locations. Many companies also offer online booking services, allowing customers to reserve a vehicle in advance. The Car Hire market is highly competitive, with companies competing on price, service, and convenience. Companies in the market include Avis, Hertz, Europcar, Sixt, and Enterprise. Show Less Read more

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