Car Rental Market
Car Rental Market Analysis by Luxury/Premium Cars and Economy/Budget Cars for Leisure/Tourism and Business from 2023 to 2033
Analysis of Car Rental Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Car Rental Market Outlook (2023 to 2033)
The global car rental market is predicted to expand at an impressive CAGR of 9.6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033.
Car rental is the service of renting automobiles for a specified period of time, either through offline or online channels. Car rental services are primarily designed to assist travelers and persons who don't have personal vehicles. Renting a car is more cost-effective than owning one since it provides better mobility, lower-cost travel, and avoids large ownership expenses.
For added convenience, car rental companies also sell additional items such as insurance compensation packages, automotive damage repair, global positioning systems (GPS), entertainment systems, and Wi-Fi networks.
Rapid increase in COVID-19 infections had a substantial influence on the overall tourism sector in 2020, affecting global market expansion.
- According to World Tourism Organization (UNWTO) data, global tourism dropped by 60 to 80% in 2020, owing primarily to the COVID-19 pandemic, leading to significant revenue losses.
A drop in global air traffic led to declining demand for car rentals at airports. However, the tourism sector rebounded in several parts of the world in the second half of 2021, giving new opportunities for global market growth.
Car rental companies are now following hygiene and safety standards to maintain safety and prevent virus transmission, such as sanitizing their vehicles after each ride. Some car rental companies are also providing free masks and hand sanitizers to their customers.
Throughout the previous decade, there has been tremendous growth in global travel. The growing number of air travelers due to increasing disposable income, decreasing fares, and a growing leisure and tourism industry in both developed and developing countries are increasing the demand for airport car rental services.
- The International Air Transport Association (IATA) predicted in October 2019 that the number of air travelers worldwide is projected to double to 8.3 billion by 2037.
Some major car rental firms plan to profit from this trend by spreading their brand and distribution networks around the world. Incorporating a global integrated car rental system will enable these operators to oversee their geographically dispersed firm activities.
Businesses are growing worldwide, which is impacting the rise of business travelers. As a result, the significant population of corporate or business visitors is projected to spur the demand for luxury car rental services.
'Bleisure' is a new trend in the travel and tourism sector. This comparatively new term, which specifies a combination of leisure and business travel, is getting popular around the world. Bringing the family on business travels is becoming increasingly common as businesses accept the concept to promote employee retention and alleviate some of the pressure of key road warriors.
| Report Attributes | Details |
|---|---|
| Car Rental Market Size in 2023 | US$ 80 Billion |
| Projected Market Value (2033) | US$ 200 Billion |
| Global Market Growth Rate (2023 to 2033) | 9.6% CAGR |
| North America Market Share (2022) | 52% |
| Economy/Budget Cars Segment Growth Rate (2023 to 2033) | 5.4% CAGR |
| Key Companies Profiled | Toyota Motor Corporation; Enterprise Rent-A-Car; Zipcar, Inc; Enterprise Holdings, Inc; Sixt SE; Avis Budget Group, Inc; Getaround, Inc |
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Why are Car Rental Services Rapidly Growing in Popularity?
“Reduced Preference for Car Ownership among Millennials”
Millennials have a lower rate of car ownership due to the high expense of personal car upkeep. Furthermore, millennials are attracted to car rentals due to benefits such as cost savings and fuel economy. In developed countries, the surge in demand for ride-hailing services and facilities such as car sharing, car rental, and station-based mobility has cut private car ownership by 80%.
- For example, the number of passenger automobiles on American highways is predicted to fall significantly by 2030 as the usage of electric ride-sharing services grows.
Such aspects are projected to raise the global demand for car rental services during the forecast period.
“Increasing Use of Car Rental Management Software”
On a global scale, the global market is rising significantly. Many big businesses have already joined the market and established significant market positions, but there is still room for more entrants. By enhancing their operations and implementing new automated technologies, all market participants are taking steps to deliver better services and offers to increase bookings.
Car rental companies increasingly use car rental management software to improve their services and streamline operations. The car rental management software reduces management tasks and increases operating effectiveness. Furthermore, management software includes capabilities such as advanced pricing management, fleet optimizations, and custom reports.
Country-wise Insights
What Makes the United States a Large Market for Car Rental Service Providers?
“Booming Domestic Tourism Industry”
As per this study by Fact.MR, a market research and competitive intelligence provider, North America accounted for 52% of the global market in 2022. The presence of prominent car rental companies, including Enterprise Rent-a-Car and Avis Budget Group, is boosting the market growth in the region. Moreover, the growing number of business and leisure visits across the region is also driving regional market growth.
The United States is a market leader in North America due to the booming domestic tourism industry. The increase in the number of people taking both leisure and business trips across the country is bolstering the market expansion. Furthermore, increased internet penetration has aided market players in capturing a broader customer base through the use of specific mobile apps for user convenience.
- As per the United States Travel and Tourism Statistics, the number of Americans traveling within the country in 2021 accounted for the lion's share, totaling 2.25 billion. Moreover, leisure travel accounted for 72.6% of all tourism in America, with the remaining 25.3% being for business and other reasons.
The state of New York is located in the northeast part of the United States and is a popular tourist destination. With a land area of about 140,000 square kilometers, the state offers a variety of historic and picturesque tourist locations, creating demand for rental services. Due to the existence of multiple car rental providers, New York represents the most competitive market for car rentals in the United States.
Which Countries are Witnessing Strong Market Growth in Asia Pacific?
“South Korea and Japan to Enjoy Strong Market Growth”
The Asia Pacific market is growing at a rapid pace due to continuously growing economies, increasing consumer disposable incomes, as well as increased business travel expenditures.
South Korea and Japan are witnessing strong growth in the global market as a result of rising travel spending, increasing demand for rental cars, and greater internet and smartphone penetration in these countries.
Why is Germany Commanding the European Market?
“Low Cost of Car Rentals in the Country”
Demand for car rental services is escalating in Europe. Germany is dominating the European market. Compared to the rest of Europe, car rentals in Germany usually are less expensive. As a result, the low cost of car rentals in Germany is propelling the regional market expansion.
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Category-wise Insights
Why is Demand for Economy/Budget Car Rentals Surging?
“Cost-effectiveness and Compact Nature of Economy/Budget Cars”
Demand for economy/budget cars is estimated to develop at a CAGR of 5.4% over the next ten years. The cost-effectiveness and compact nature of economy/budget cars are two primary elements fueling their demand. As a result, economy cars are becoming more popular for intra-city and airport transport.
Demand for luxury/premium cars is also growing due to the rising number of business travelers around the world, particularly in emerging countries. Furthermore, these vehicles provide customers with a combination of quality features at a reasonable price, driving their popularity among corporate travelers.
Why Do Travelers Prefer Online Booking Platforms?
“Affordability and Convenience Offered through Online Booking”
Most travelers prefer online booking methods for renting a car. Nowadays, online booking serves a range of objectives, including automobile information, document verification, services such as rented car drop-off and pick-up at a specific location, cashless payments, and e-signing agreements.
Online booking also allows for car booking from remote locations without the need to physically visit the facility. Furthermore, travelers can browse thousands of impartial evaluations from other travelers, eliminating the stress and unpleasant surprises associated with bookings.
Travelers can quickly compare the prices, services, and quality of various accommodation options. Greater transparency leads to more competition among accommodations. Reduced costs and higher quality mean visitors get more bang for their buck.
Increased smartphone sales are another key market driver. Customers' heavy dependence on smartphones to complete a wide range of tasks traditionally performed by personal computers has significantly contributed to the transformation of the car rental experience.
Competitive Landscape
The worldwide market is moderately fragmented, with a large number of international and domestic firms present. Key players in the car rental market are focusing on expansion initiatives to obtain regional market share, raise brand awareness, and enter developing markets. These players primarily focus on improving their services to increase profitability and acquire a broader customer base.
Another effective approach that market participants use to increase their market position is strategic partnerships. Moreover, several start-ups are entering the market and competing with prominent players.
- Kovi, a Brazilian start-up, provides an online platform for car rental services. The platform allows customers to search for and book rental cars by providing duration, personal information such as driving license, and so on. It provides services such as a large pool of cars, insured rides, various payment choices, etc.
- Ikenna Ordor's luxury car rental company 'Starr Luxury' announced its entrance into the United States in July 2022. It announced the launch of its services in major cities, including Miami, Los Angeles, Austin, Atlanta, and Houston. Starr Luxury is well-known for being one of the world's few companies of its sort to collaborate with five-star hotels.
- Uber's premium electric car service, Uber Comfort Electric, revealed its extension into other United States cities in July 2022, including Portland, Las Vegas, Seattle, Baltimore, Denver, Philadelphia, and Austin.
- Uber introduced a new car rental service named Uber Rent in May 2021 in collaboration with the Dublin-based car rental firm CarTrawler. CarTrawler will manage Uber's car rental technology, which is being pushed out across the United States as part of the agreement.
GoAir collaborated with Eco Europcar in April 2021 to introduce car rental services in 100 cities across India, comprising 25 airports. GoAir will provide chauffeur-driven cars in the mid to luxury car classes through Eco Europcar.
Know thy Competitors
Competitive landscape highlights only certain players
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Key Segments of Car Rental Industry Research
-
By Vehicle Type :
- Luxury/Premium Cars
- Economy/Budget Cars
-
By Booking Type :
- Offline
- Online
-
By Application :
- Leisure/Tourism
- Business
-
By End User :
- Self-driven
- Chauffeur-driven
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033)
- 6. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Vehicle Type
- 6.1. Luxury/Premium Cars
- 6.2. Economy/Budget Cars
- 7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Booking Type
- 7.1. Offline
- 7.2. Online
- 8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Application
- 8.1. Leisure/Tourism
- 8.2. Business
- 9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by End User
- 9.1. Self-driven
- 9.2. Chauffeur-driven
- 10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. Toyota Motor Corporation
- 20.2. Enterprise Rent-A-Car
- 20.3. Zipcar, Inc
- 20.4. Enterprise Holdings, Inc
- 20.5. Sixt SE
- 20.6. Avis Budget Group, Inc
- 20.7. Getaround, Inc
- 21. Appendix
- 22. Definitions of Analytical Frameworks
- 23. Sources and References
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List Of Table
Table 01: Global Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 02: Global Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 03: Global Market Volume (Units), by Booking Type, 2018 to 2033
Table 04: Global Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 05: Global Market Volume (Units), by Application, 2018 to 2033
Table 06: Global Market Value (US$ Mn), by Application, 2018 to 2033
Table 07: Global Market Volume (Units), by End User, 2018 to 2033
Table 08: Global Market Value (US$ Mn), by End User, 2018 to 2033
Table 09: Global Market Volume (Units), by Region, 2018 to 2033
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2033
Table 11: North America Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 12: North America Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 13: North America Market Volume (Units), by Booking Type, 2018 to 2033
Table 14: North America Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 15: North America Market Volume (Units), by Application, 2018 to 2033
Table 16: North America Market Value (US$ Mn), by Application, 2018 to 2033
Table 17: North America Market Volume (Units), by End User, 2018 to 2033
Table 18: North America Market Value (US$ Mn), by End User, 2018 to 2033
Table 19: North America Market Volume (Units), by Country, 2018 to 2033
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2033
Table 21: Europe Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 22: Europe Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 23: Europe Market Volume (Units), by Booking Type, 2018 to 2033
Table 24: Europe Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 25: Europe Market Volume (Units), by Application, 2018 to 2033
Table 26: Europe Market Value (US$ Mn), by Application, 2018 to 2033
Table 27: Europe Market Volume (Units), by End User, 2018 to 2033
Table 28: Europe Market Value (US$ Mn), by End User, 2018 to 2033
Table 29: Europe Market Volume (Units), by Country, 2018 to 2033
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2033
Table 31: East Asia Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 32: East Asia Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 33: East Asia Market Volume (Units), by Booking Type, 2018 to 2033
Table 34: East Asia Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 35: East Asia Market Volume (Units), by Application, 2018 to 2033
Table 36: East Asia Market Value (US$ Mn), by Application, 2018 to 2033
Table 37: East Asia Market Volume (Units), by End User, 2018 to 2033
Table 38: East Asia Market Value (US$ Mn), by End User, 2018 to 2033
Table 39: East Asia Market Volume (Units), by Country, 2018 to 2033
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 41: South Asia Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 42: South Asia Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 43: South Asia Market Volume (Units), by Booking Type, 2018 to 2033
Table 44: South Asia Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 45: South Asia Market Volume (Units), by Application, 2018 to 2033
Table 46: South Asia Market Value (US$ Mn), by Application, 2018 to 2033
Table 47: South Asia Market Volume (Units), by End User, 2018 to 2033
Table 48: South Asia Market Value (US$ Mn), by End User, 2018 to 2033
Table 49: South Asia Market Volume (Units), by Country, 2018 to 2033
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 51: Latin America Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 52: Latin America Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 53: Latin America Market Volume (Units), by Booking Type, 2018 to 2033
Table 54: Latin America Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 55: Latin America Market Volume (Units), by Application, 2018 to 2033
Table 56: Latin America Market Value (US$ Mn), by Application, 2018 to 2033
Table 57: Latin America Market Volume (Units), by End User, 2018 to 2033
Table 58: Latin America Market Value (US$ Mn), by End User, 2018 to 2033
Table 59: Latin America Market Volume (Units), by Country, 2018 to 2033
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2033
Table 61: Middle East and Africa Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 62: Middle East and Africa Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 63: Middle East and Africa Market Volume (Units), by Booking Type, 2018 to 2033
Table 64: Middle East and Africa Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 65: Middle East and Africa Market Volume (Units), by Application, 2018 to 2033
Table 66: Middle East and Africa Market Value (US$ Mn), by Application, 2018 to 2033
Table 67: Middle East and Africa Market Volume (Units), by End User, 2018 to 2033
Table 68: Middle East and Africa Market Value (US$ Mn), by End User, 2018 to 2033
Table 69: Middle East and Africa Market Volume (Units), by Country, 2018 to 2033
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2033
Table 71: Oceania Market Volume (Units), by Vehicle Type, 2018 to 2033
Table 72: Oceania Market Value (US$ Mn), by Vehicle Type, 2018 to 2033
Table 73: Oceania Market Volume (Units), by Booking Type, 2018 to 2033
Table 74: Oceania Market Value (US$ Mn), by Booking Type, 2018 to 2033
Table 75: Oceania Market Volume (Units), by Application, 2018 to 2033
Table 76: Oceania Market Value (US$ Mn), by Application, 2018 to 2033
Table 77: Oceania Market Volume (Units), by End User, 2018 to 2033
Table 78: Oceania Market Value (US$ Mn), by End User, 2018 to 2033
Table 79: Oceania Market Volume (Units), by Country, 2018 to 2033
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2033
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List Of Figures
Figure 01: Global Market Volume (Units), Value (US$ Thousand) and Y-o-Y Growth, 2018 to 2033
Figure 02: Global Absolute $ Historical Market (2018 to 2022) and Absolute $ Opportunity (2023 to 2033), US$ Mn
Figure 03: Global Absolute Historical Volume Market (2018 to 2022) and Absolute Volume Opportunity (2023 to 2033), Units
Figure 04: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 05: Global Market Incremental $ Opportunity (US$ Thousand), 2023 to 2033
Figure 06: Global Market Share, By Vehicle Type – 2023 to 2033
Figure 07: Global Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 08: Global Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 09: Global Market Share, By Booking Type – 2023 to 2033
Figure 10: Global Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 11: Global Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 12: Global Market Share, By Application – 2023 to 2033
Figure 13: Global Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 14: Global Market Attractiveness Index, By Application – 2023 to 2033
Figure 15: Global Market Share, By End User – 2023 to 2033
Figure 16: Global Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 17: Global Market Attractiveness Index, By End User – 2023 to 2033
Figure 18: Global Market Share, by Region – 2023 to 2033
Figure 19: Global Market Y-o-Y Growth Projections, by Region – 2023 to 2033
Figure 20: Global Market Attractiveness Index, by Region – 2023 to 2033
Figure 21: North America Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 22: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Figure 23: North America Market Share, By Vehicle Type – 2023 to 2033
Figure 24: North America Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 25: North America Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 26: North America Market Share, By Booking Type – 2023 to 2033
Figure 27: North America Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 28: North America Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 29: North America Market Share, By Application – 2023 to 2033
Figure 30: North America Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 31: North America Market Attractiveness Index, By Application – 2023 to 2033
Figure 32: North America Market Share, By End User – 2023 to 2033
Figure 33: North America Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 34: North America Market Attractiveness Index, By End User – 2023 to 2033
Figure 35: North America Market Share, By Country – 2023 to 2033
Figure 36: North America Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Figure 37: North America Market Attractiveness Index, By Country – 2023 to 2033
Figure 38: Europe Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 39: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Figure 40: Europe Market Share, By Vehicle Type – 2023 to 2033
Figure 41: Europe Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 42: Europe Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 43: Europe Market Share, By Booking Type – 2023 to 2033
Figure 44: Europe Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 45: Europe Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 46: Europe Market Share, By Application – 2023 to 2033
Figure 47: Europe Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 48: Europe Market Attractiveness Index, By Application – 2023 to 2033
Figure 49: Europe Market Share, By End User – 2023 to 2033
Figure 50: Europe Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 51: Europe Market Attractiveness Index, By End User – 2023 to 2033
Figure 52: Europe Market Share, By Country – 2023 to 2033
Figure 53: Europe Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Figure 54: Europe Market Attractiveness Index, By Country – 2023 to 2033
Figure 55: East Asia Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 56: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Figure 57: East Asia Market Share, By Vehicle Type – 2023 to 2033
Figure 58: East Asia Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 59: East Asia Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 60: East Asia Market Share, By Booking Type – 2023 to 2033
Figure 61: East Asia Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 62: East Asia Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 63: East Asia Market Share, By Application – 2023 to 2033
Figure 64: East Asia Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 65: East Asia Market Attractiveness Index, By Application – 2023 to 2033
Figure 66: East Asia Market Share, By End User – 2023 to 2033
Figure 67: East Asia Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 68: East Asia Market Attractiveness Index, By End User – 2023 to 2033
Figure 69: East Asia Market Share, By Country – 2023 to 2033
Figure 70: East Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Figure 71: East Asia Market Attractiveness Index, By Country – 2023 to 2033
Figure 72: South Asia Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 73: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Figure 74: South Asia Market Share, By Vehicle Type – 2023 to 2033
Figure 75: South Asia Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 76: South Asia Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 77: South Asia Market Share, By Booking Type – 2023 to 2033
Figure 78: South Asia Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 79: South Asia Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 80: South Asia Market Share, By Application – 2023 to 2033
Figure 81: South Asia Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 82: South Asia Market Attractiveness Index, By Application – 2023 to 2033
Figure 83: South Asia Market Share, By End User – 2023 to 2033
Figure 84: South Asia Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 85: South Asia Market Attractiveness Index, By End User – 2023 to 2033
Figure 86: South Asia Market Share, By Country – 2023 to 2033
Figure 87: South Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Figure 88: South Asia Market Attractiveness Index, By Country – 2023 to 2033
Figure 89: Latin America Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 90: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Figure 91: Latin America Market Share, By Vehicle Type – 2023 to 2033
Figure 92: Latin America Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 93: Latin America Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 94: Latin America Market Share, By Booking Type – 2023 to 2033
Figure 95: Latin America Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 96: Latin America Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 97: Latin America Market Share, By Application – 2023 to 2033
Figure 98: Latin America Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 99: Latin America Market Attractiveness Index, By Application – 2023 to 2033
Figure 100: Latin America Market Share, By End User – 2023 to 2033
Figure 101: Latin America Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 102: Latin America Market Attractiveness Index, By End User – 2023 to 2033
Figure 103: Latin America Market Share, By Country – 2023 to 2033
Figure 104: Latin America Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Figure 105: Latin America Market Attractiveness Index, By Country – 2023 to 2033
Figure 106: MEA Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 107: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Figure 108: MEA Market Share, By Vehicle Type – 2023 to 2033
Figure 109: MEA Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 110: MEA Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 111: MEA Market Share, By Booking Type – 2023 to 2033
Figure 112: MEA Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 113: MEA Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 114: MEA Market Share, By Application – 2023 to 2033
Figure 115: MEA Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 116: MEA Market Attractiveness Index, By Application – 2023 to 2033
Figure 117: MEA Market Share, By End User – 2023 to 2033
Figure 118: MEA Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 119: MEA Market Attractiveness Index, By End User – 2023 to 2033
Figure 120: MEA Market Share, By Country – 2023 to 2033
Figure 121: MEA Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Figure 122: MEA Market Attractiveness Index, By Country – 2023 to 2033
Figure 123: Oceania Market Value (US$ Thousand), Volume (Units) Forecast and Analysis, 2018 to 2033
Figure 124: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Figure 125: Oceania Market Share, By Vehicle Type – 2023 to 2033
Figure 126: Oceania Market Y-o-Y Growth Projections, By Vehicle Type – 2023 to 2033
Figure 127: Oceania Market Attractiveness Index, By Vehicle Type – 2023 to 2033
Figure 128: Oceania Market Share, By Booking Type – 2023 to 2033
Figure 129: Oceania Market Y-o-Y Growth Projections, By Booking Type – 2023 to 2033
Figure 130: Oceania Market Attractiveness Index, By Booking Type – 2023 to 2033
Figure 131: Oceania Market Share, By Application – 2023 to 2033
Figure 132: Oceania Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Figure 133: Oceania Market Attractiveness Index, By Application – 2023 to 2033
Figure 134: Oceania Market Share, By End User – 2023 to 2033
Figure 135: Oceania Market Y-o-Y Growth Projections, By End User – 2023 to 2033
Figure 136: Oceania Market Attractiveness Index, By End User – 2023 to 2033
Figure 137: Oceania Market Share, By Country – 2023 to 2033
Figure 138: Oceania Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Figure 139: Oceania Market Attractiveness Index, By Country – 2023 to 2033
Figure 140: United States Market share by Vehicle Type, 2022
Figure 141: United States Market share by Booking Type, 2022
Figure 142: United States Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 143: United States Market Share by End User, 2022
Figure 144: Canada Market share by Vehicle Type, 2022
Figure 145: Canada Market share by Booking Type, 2022
Figure 146: Canada Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 147: Canada Market Share by End User, 2022
Figure 148: Germany Market share by Vehicle Type, 2022
Figure 149: Germany Market share by Booking Type, 2022
Figure 150: Germany Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 151: Germany Market Share by End User, 2022
Figure 152: United Kingdom Market share by Vehicle Type, 2022
Figure 153: United Kingdom Market share by Booking Type, 2022
Figure 154: United Kingdom Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 155: United Kingdom Market Share by End User, 2022
Figure 156: France Market share by Vehicle Type, 2022
Figure 157: France Market share by Booking Type, 2022
Figure 158: France Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 159: France Market Share by End User, 2022
Figure 160: Russia Market share by Vehicle Type, 2022
Figure 161: Russia Market share by Booking Type, 2022
Figure 162: Russia Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 163: Russia Market Share by End User, 2022
Figure 164: Spain Market share by Vehicle Type, 2022
Figure 165: Spain Market share by Booking Type, 2022
Figure 166: Spain Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 167: Spain Market Share by End User, 2022
Figure 168: Italy Market share by Vehicle Type, 2022
Figure 169: Italy Market share by Booking Type, 2022
Figure 170: Italy Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 171: Italy Market Share by End User, 2022
Figure 172: China Market share by Vehicle Type, 2022
Figure 173: China Market share by Booking Type, 2022
Figure 174: China Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 175: China Market Share by End User, 2022
Figure 176: Japan Market share by Vehicle Type, 2022
Figure 177: Japan Market share by Booking Type, 2022
Figure 178: Japan Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 179: Japan Market Share by End User, 2022
Figure 180: South Korea Market share by Vehicle Type, 2022
Figure 181: South Korea Market share by Booking Type, 2022
Figure 182: South Korea Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 183: South Korea Market Share by End User, 2022
Figure 184: India Market share by Vehicle Type, 2022
Figure 185: India Market share by Booking Type, 2022
Figure 186: India Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 187: India Market Share by End User, 2022
Figure 188: Singapore Market share by Vehicle Type, 2022
Figure 189: Singapore Market share by Booking Type, 2022
Figure 190: Singapore Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 191: Singapore Market Share by End User, 2022
Figure 192: Indonesia Market share by Vehicle Type, 2022
Figure 193: Indonesia Market share by Booking Type, 2022
Figure 194: Indonesia Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 195: Indonesia Market Share by End User, 2022
Figure 196: Thailand Market share by Vehicle Type, 2022
Figure 197: Thailand Market share by Booking Type, 2022
Figure 198: Thailand Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 199: Thailand Market Share by End User, 2022
Figure 200: Brazil Market share by Vehicle Type, 2022
Figure 201: Brazil Market share by Booking Type, 2022
Figure 202: Brazil Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 203: Brazil Market Share by End User, 2022
Figure 204: Mexico Market share by Vehicle Type, 2022
Figure 205: Mexico Market share by Booking Type, 2022
Figure 206: Mexico Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 207: Mexico Market Share by End User, 2022
Figure 208: Turkey Market share by Vehicle Type, 2022
Figure 209: Turkey Market share by Booking Type, 2022
Figure 210: Turkey Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 211: Turkey Market Share by End User, 2022
Figure 212: GCC Countries Market share by Vehicle Type, 2022
Figure 213: GCC Countries Market share by Booking Type, 2022
Figure 214: GCC Countries Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 215: GCC Countries Market Share by End User, 2022
Figure 216: South Africa Market share by Vehicle Type, 2022
Figure 217: South Africa Market share by Booking Type, 2022
Figure 218: South Africa Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 219: South Africa Market Share by End User, 2022
Figure 220: Australia Market share by Vehicle Type, 2022
Figure 221: Australia Market share by Booking Type, 2022
Figure 222: Australia Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 223: Australia Market Share by End User, 2022
Figure 224: New Zealand Market share by Vehicle Type, 2022
Figure 225: New Zealand Market share by Booking Type, 2022
Figure 226: New Zealand Market Value (US$ Mn) and Forecast 2023 to 2033
Figure 227: New Zealand Market Share by End User, 2022
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the global car rental market?
The global car rental market is valued at US$ 80 billion in 2023.
What is the predicted growth rate of the car rental market?
Worldwide demand for car rental services is projected to surge at a CAGR of 9.6% from 2023 to 2033.
What is the forecast outlook for the global car rental market?
The market for car rental services is forecasted to reach US$ 200 billion by 2033.
Who are the major players in the global car rental market?
Toyota Motor Corporation, Enterprise Rent-A-Car, Zipcar, Inc, Enterprise Holdings, Inc, Sixt SE, Avis Budget Group, Inc, and Getaround, Inc leading car rental service providers.
Car Rental Market