Car Rental Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global car rental market was valued at around USD 102.08 billion in 2021 and is expected to register revenues worth USD 186.59 billion by the end of 2030, growing at an exceptional CAGR of approximately 6.9% between 2022 and 2030.

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Car Rental Market Growth Factors:

The increase in technological advancements is driving the growth of car rental market. The growing popularity of online car rental booking applications is also fueling the market growth. Furthermore, the features such as time saving and cost-effectiveness provide lucrative opportunities for the development and growth of car rental market.

The car rental also helps to control pollution by reducing sales volume of self-owned cars. Moreover, the infrastructure development in the developing regions is paving new way for the growth of market. In addition, rise in internet penetration across developed regions will help market to grow during the forecast period.

Car Rental Market Report Scope

Car Rental Market Report Highlights

• Based on the vehicle type, the economy cars segment dominated the global car rental market in 2020 with highest market share. This is mainly attributed to low maintenance costs of economy cars. The economy cars are fuel-efficient cars which help to save cost on fuel or gasoline.
• Based on the rental duration, the short-term segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to short trips and journeys. The rental cars are mostly used to travel short distance places.

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

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some of the prominent players in the car rental market include:

• Avis Budget Group
• Europecar
• Enterprise Holdings Inc.
• The Hertz Corporation
• Toyota Rent-a-Car
• Sixt SE
• Alamo Rent-a-Car LLC
• Carzonrent India Pvt Ltd
• Localiza
• ANI Technologies Pvt. Ltd

Car Rental Market Segments

By Vehicle Type

• Luxury Cars
• Economy Cars
• SUVs
• Executive Cars
• MUVs

By Application Type

• Local Usage
• Outstation
• Airport Transport
• Others

By Rental Duration

• Long-term
• Short-term

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global car rental market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the car rental market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global car rental market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for car rental are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Car Rental Market 

5.1. COVID-19 Landscape: Car Rental Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Car Rental Market, By Vehicle

8.1. Car Rental Market, by Vehicle Type, 2021-2030

8.1.1. Luxury Cars

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Economy Cars

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. SUVs

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Executive Cars

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. MUVs

8.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Car Rental Market, By Application

9.1. Car Rental Market, by Application, 2021-2030

9.1.1. Local Usage

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Outstation

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Airport Transport

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Car Rental Market, By Rental Duration 

10.1. Car Rental Market, by Rental Duration, 2021-2030

10.1.1. Long-term

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Short-term

10.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Car Rental Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Rental Duration (2019-2030)

Chapter 12. Company Profiles

12.1. Avis Budget Group

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Europecar

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Enterprise Holdings Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. The Hertz Corporation

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Toyota Rent-a-Car

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Sixt SE

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Alamo Rent-a-Car LLC

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Carzonrent India Pvt Ltd

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Localiza

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. ANI Technologies Pvt. Ltd

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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