The publisher's car rental market report provides in-depth analysis of the key market trends that are shaping the future of the car rental market globally. Detailed market insight is provided at a regional level and company profiles for the leading players are also provided.
Key Highlights
- In the second year of the global pandemic, the US car rental market sustained its top position in terms of rental market value in 2021. Though the sector witnessed a shortage of rental cars because of the semiconductor crisis, the US car rental market value saw an annual growth of 21% and a recovery to 88.2% of pre-pandemic levels
- The global car rental industry is likely to be taken over by electric cars within a few years. With climate change and global warming being the hot topic globally, governments and businesses around the globe are promoting environmentally friendly ways of doing things. The transition to electric vehicles is not only seen in the car owning system but is also influencing the rental car market. For instance, the European Union's agenda to eradicate the sale of petrol/diesel cars in the 2030s has led to a high demand for electric vehicles in the European car rental market
- Car rental through online platforms has gained the limelight in recent years and is driving the rental car demand. The rental companies have been able to serve a larger customer base and expand their operations by focusing on digitalization. It is also providing various customer-centric benefits. The companies are digitalizing their business operations by providing online solutions for rentals through the mobile applications and web plug-in. Online penetration is at its peak in the US and other large travel markets such as the UK, France, and Japan. So, the growth of car rental companies could be supported by increasing online travel bookings in those large markets
Scope
- The publisher's car rental market report provides in-depth analysis of the key market trends that are shaping the future of the car rental market globally. Detailed market insight is provided at a regional level and company profiles for the leading players are also provided
Reasons to Buy
- Understand the impact of COVID-19 on this market
- Gauge which are the biggest and most promising regional markets for the car rental market
- Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
- Gain an understanding of the outlook for regional markets and learn from existing successes and our recommendations
Table of Contents
- Snapshot
- Key Trends
- Deals
- Key Insights
- Americas
- Asia-Pacific
- Europe
- Middle East & Africa
- Outlook
- Company Profiles
- Enterprise Holdings, Inc.
- Hertz Global Holdings Inc.
- Avis Budget Group Inc.
- Sixt SE
- Europcar Mobility Group SA
- Appendix
- References
- Definitions
- About the Publisher
Figure 1: Top Car Rental Markets in 2021, Market Value ($B)
Figure 2: Top Car Rental Markets in 2021, Market Value ($B)
Figure 3: Top Five Americas Markets: Market Value ($B)
Figure 4: Top Five Americas Markets: Utilization Rate (%)
Figure 5: Top Five Asia-Pacific Markets: Market Value ($B)
Figure 6: Top Five Asia-Pacific Markets: Utilization Rate (%)
Figure 7: Top Five European Markets: Market Value ($B)
Figure 8: Top Five European Markets: Utilization Rate (%)
Figure 9: Top Five Middle East & Africa Markets: Market Value ($M)
Figure 10: Top Five Middle East & Africa Markets: Utilization Rate (%)
Figure 11: Top 10 Car Rental Markets by Market Value, 2021 vs 2025 ($B)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Avis-Budget
- Enterprise
- Europcar
- Hertz
- Sixt
- Volkswagen
