Car Rental Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 102.47 Billion
Market Size 2032 (Forecast Year) USD 198.12 Billion
CAGR 7.6%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

Car Rental Market Insights

As per the published report by Market Research Store, the Global Car Rental Market size was estimated at USD 102.47 Billion in 2023 and is anticipated to reach reach USD 198.12 Billion by 2032, growing at a projected CAGR of 7.6% during the forecast period 2024-2032. The report provides a detailed analysis of the global Car Rental Market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

Car Rental Market Size

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The report covers forecast and analysis for the car rental market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on revenue (USD billion). The study includes drivers and restraints for the car rental market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the car rental market on a global level.

In order to give the users of this report a comprehensive view on the car rental, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the car rental market has also been included. The study encompasses a market attractiveness analysis, wherein car type segments and end-user segments are benchmarked based on their market size, growth rate and general attractiveness.

Car Rental Market: Report Scope

Report Attributes Report Details
Report Name Car Rental Market
Market Size in 2023 USD 102.47 Billion
Market Forecast in 2032 USD 198.12 Billion
Growth Rate CAGR of 7.6%
Number of Pages 110
Key Companies Covered Avis Budget Group, Inc, Sixt Rent-A-Car, Enterprise Rent-A-Car, The Hertz Corporation, EuropCar, Al-Futtaim Group, Carzonrent, Localiza Rent A Car, and Eco Rent A Car
Segments Covered By Car Type, By End-Users, By, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2023
Forecast Year 2024 to 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The study provides a decisive view on the car rental market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key car type segmented market covered under this study includes luxury cars, executive cars, economy cars, SUV cars, and MUV cars. Key end-user segments covered under this study include local usage, airport transport, outstation, and others (Including self drive, event transportation, and employee transportation solutions). The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for rental cars based on individual car types and end-users in all the regions and countries.

The report also includes detailed profiles of end players such as

  • Avis Budget Group, Inc
  • Sixt Rent-A-Car
  • Enterprise Rent-A-Car
  • The Hertz Corporation
  • EuropCar
  • Al-Futtaim Group
  • Carzonrent
  • Localiza Rent A Car
  • Eco Rent A Car

The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

The report segments the global car rental market as:

Car Rental Market: Car Type Segment Analysis

  • Luxury cars
  • Executive cars
  • Economy cars
  • SUV cars
  • MUV cars

Car Rental Market: End-users Segment Analysis

  • Local usage
  • Airport transport
  • Outstation
  • Others (Including self drive, event transportation, employee transportation solutions)

Car Rental Market: Regional Segment Analysis

  • North America 
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global car rental market, 2014 - 2020, (USD Billion)
    • 2.2. Car rental: Market snapshot
  • Chapter 3. Car Rental Market: Industry Analysis
    • 3.1. Car rental: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing global tourism industry
      • 3.2.2. Global growth in business trips and leisure trips
      • 3.2.3. Large use of internet and SmartPhone technology
    • 3.3. Restraints
      • 3.3.1. Stringent emission standard and volatility in crude oil prices
    • 3.4. Opportunity
      • 3.4.1. Emerging market
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by car type segment
      • 3.6.2. Market attractiveness analysis by end-users segment
      • 3.6.3. Market attractiveness analysis by regional segment
  • Chapter 4. Global Car Rental Market: Competitive Landscape
    • 4.1. Company market share analysis, 2014
    • 4.2. Price trend analysis
  • Chapter 5. Global Car Rental Market: Car Type Analysis
    • 5.1. Global car rental market share, by car type, 2014 & 2020
      • 5.1.1. Global luxury cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.2. Global executive cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.3. Global economy cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.4. Global SUV cars for global car rental market, 2014 – 2020 (USD Billion)
      • 5.1.5. Global MUV cars for global car rental market, 2014 – 2020 (USD Billion)
  • Chapter 6. Global Car Rental Market: End-user Segment Analysis
    • 6.1. Global car rental market share, by end-user, 2014 & 2020
      • 6.1.1. Global car rental market for local usage, 2014 – 2020 (USD Billion)
      • 6.1.2. Global car rental market for airport transport, 2014 – 2020 (USD Billion)
      • 6.1.3. Global car rental market for outstation, 2014 – 2020 (USD Billion)
      • 6.1.4. Global car rental market for other end-users, 2014 – 2020 (USD Billion)
  • Chapter 7. Car Rental Market: Regional Analysis
    • 7.1. Global car rental market: Regional overview
      • 7.1.1. Global car rental market share, by region, 2014 and 2020
    • 7.2. North America
      • 7.2.1. North America car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.2.2. North America car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.2.3.2. U.S. car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.3.2. Europe car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.3.3. Germany
        • 7.3.3.1. Germany car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.3.3.2. Germany car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. UK car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.3.4.2. UK car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.3.5.2. France car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia-Pacific car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.4.2. Asia-Pacific car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.4.3.2. China car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.4.4.2. Japan car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.4.5.2. India car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.5.2. Latin America car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil car rental market revenue, by car type, 2014 – 2020 (USD Billion)
        • 7.5.3.2. Brazil car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa car rental market revenue, by car type, 2014 – 2020 (USD Billion)
      • 7.6.2. Middle East & Africa car rental market revenue, by end-user, 2014 – 2020 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Avis Budget Group Inc
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Sixt Rent A Car
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Enterprise Rent-A-Car
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. The Hertz Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. EuropCar
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Al-Futtaim Group
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Carzonrent
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Localiza Rent A Car
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Eco Rent A Car
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments

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