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The car rental market is forecasted to grow by USD 188.3 billion during 2024-2029, accelerating at a CAGR of 20.5% during the forecast period. The report on the car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in vehicle ownership cost, incorporation of advanced digital technologies in car rental services, and increasing demand for car rentals due to stringent regulations for controlling emissions.
The car rental market is segmented as below:
By Mode Of Booking
- Offline
- Online
By Rental Category
- Airport transport
- Local transport
- Outstation transport
- Other transport
By Type
- Economy cars
- Executive cars
- Luxury cars
- SUVs
- MUVs
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the car rental market covers the following areas:
- Car Rental Market sizing
- Car Rental Market forecast
- Car Rental Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Mode of Booking
9 Market Segmentation by Rental Category
10 Market Segmentation by Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global car rental market: Aspark Holidays Pvt. Ltd., Autorent Car Rental LLC, Avis Budget Group Inc., Carzonrent India Pvt. Ltd., Centauro Rent a Car S.L.U., DriiveMe Ltd., Enterprise Holdings Inc., Europcar Group UK Ltd., Expedia Group Inc., Getaround Inc., GO Rentals Auckland Ltd., Hertz Global Holdings Inc., Localiza Rent a Car SA, Movida Participacoes SA, Renault SAS, SIXT SE, Turismo Gargo SA de CV, Turo Inc., Uber Technologies Inc., and Zoomcar India Pvt. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is advent of intermediaries in global car rental market."
According to the report, one of the major drivers for this market is the rise in vehicle ownership cost.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aspark Holidays Pvt. Ltd.
- Autorent Car Rental LLC
- Avis Budget Group Inc.
- Carzonrent India Pvt. Ltd.
- Centauro Rent a Car S.L.U.
- DriiveMe Ltd.
- Enterprise Holdings Inc.
- Europcar Group UK Ltd.
- Expedia Group Inc.
- Getaround Inc.
- GO Rentals Auckland Ltd.
- Hertz Global Holdings Inc.
- Localiza Rent a Car SA
- Movida Participacoes SA
- Renault SAS
- SIXT SE
- Turismo Gargo SA de CV
- Turo Inc.
- Uber Technologies Inc.
- Zoomcar India Pvt. Ltd.