China Car Rental Market Size & Outlook, 2025-2030
Global Market
Related Markets
China car rental market highlights
- The China car rental market generated a revenue of USD 15,028.0 million in 2024 and is expected to reach USD 32,119.1 million by 2030.
- The China market is expected to grow at a CAGR of 13.2% from 2025 to 2030.
- In terms of segment, economy cars was the largest revenue generating vehicle type in 2024.
- Economy cars is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Car rental market data book summary
| Market revenue in 2024 | USD 15,028.0 million |
| Market revenue in 2030 | USD 32,119.1 million |
| Growth rate | 13.2% (CAGR from 2025 to 2030) |
| Largest segment | Economy cars |
| Fastest growing segment | Economy cars |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Luxury cars, Executive cars, Economy cars, SUVs, MUVs |
| Key market players worldwide | Avis Budget Group Inc, Carzonrent India Pvt. Ltd., Eco Rent A Car, Eurazeo SE, Localiza Rent A Car SA ADR, Hertz Global Holdings Inc Ordinary Shares (New), Sixt SE, AVR Van Rental, Enterprise Holdings |
Other key industry trends
- In terms of revenue, China accounted for 10.0% of the global car rental market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China car rental market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,023.6 million by 2030.
China accounted for the highest market share in 2022, owing to the country's massive urbanization and population density in cities like Beijing, Shanghai, and Shenzhen, which have created a pressing need for efficient transportation solutions. With the advancement of technology, the ease of renting a vehicle through online booking has been the most popular choice of clients in recent years.
It enables real-time monitoring of a rental vehicle's operation, performance, and maintenance. These features proved to be invaluable tools for drivers and fleet managers, allowing them to more effectively identify issues and execute timely modifications to their rental services.
Additionally, China has seen a significant cultural shift towards tech-savviness and digital payment adoption, facilitating easy access to car rental services via smartphone apps.
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Publish Date: Mar 03, 2025
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Car Rental Market Scope
Car Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Avis Budget Group Inc | View profile | 31,000 | 379 Interpace Parkway, Parsippany, NJ, United States, 07054 | www.avisbudgetgroup.com |
| Carzonrent India Pvt. Ltd. | View profile | 251-500 | New Delhi, Delhi, India, Asia | www.carzonrent.com |
| Eco Rent A Car | View profile | 51-100 | New Delhi, Delhi, India, Asia | www.ecorentacar.com/ |
| Eurazeo SE | View profile | - | - | - |
| Localiza Rent A Car SA ADR | View profile | 21,113 | Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, Brazil, 31150-900 | www.localiza.com |
| Hertz Global Holdings Inc Ordinary Shares (New) | View profile | 27,000 | 8501 Williams Road, Estero, FL, United States, 33928 | www.hertz.com |
| Sixt SE | View profile | 8,735 | Zugspitzstrasse 1, Pullach, BY, Germany, 82049 | www.sixt.com |
| AVR Van Rental | View profile | 51-100 | Hawthorne, California, United States, North America | www.airportvanrental.com |
| Enterprise Holdings | View profile | 10001+ | St Louis, Missouri, United States, North America | www.enterpriseholdings.com |
China Car Rental Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Car Rental Market Outlook will help companies and investors design strategic landscapes.
Economy Cars was the largest segment with a revenue share of 33.03% in 2024.
Horizon Databook has segmented the China car rental market based on luxury cars, executive cars, economy cars, suvs, muvs covering the revenue growth of each sub-segment from 2018 to 2030.
China accounted for the highest market share in 2022, owing to the country's massive urbanization and population density in cities like Beijing, Shanghai, and Shenzhen, which have created a pressing need for efficient transportation solutions. With the advancement of technology, the ease of renting a vehicle through online booking has been the most popular choice of clients in recent years.
It enables real-time monitoring of a rental vehicle's operation, performance, and maintenance. These features proved to be invaluable tools for drivers and fleet managers, allowing them to more effectively identify issues and execute timely modifications to their rental services.
Additionally, China has seen a significant cultural shift towards tech-savviness and digital payment adoption, facilitating easy access to car rental services via smartphone apps.
- China Car Rental Market Vehicle Type Outlook (Revenue, USD Million , 2018-2030)
- Luxury cars
- Executive cars
- Economy cars
- SUVs
- MUVs
- China Car Rental Market Application Outlook (Revenue, USD Million , 2018-2030)
- Local usage
- Airport transport
- Outstation
- Others
- China Car Rental Market Booking Mode Outlook (Revenue, USD Million , 2018-2030)
- Offline/Direct
- Online
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Horizon Databook provides a detailed overview of country-level data and insights on the China Car Rental Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Car Rental Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Car Rental Market, 2018-2030 (US$M)
China car rental market statistics, by vehicle type, 2018-2030 (US$M)
