Car Rental Market Size, Share & Trends Report

Car Rental Market Size, Share & Trends Analysis Report By Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUVs, MUVs), By Application (Local Usage, Airport Transport, Outstation, Others), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-568-7
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Market Segmentation

  • Car Rental, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
    • Luxury cars
    • Executive cars
    • Economy cars
    • SUVs
    • MUVs
  • Car Rental, Application Outlook (Revenue, USD Billion, 2017 - 2030)
    • Local usage
    • Airport transport
    • Outstation
    • Others
  • Car Rental, Regional Outlook (Revenue, USD Billion, 2017 - 2030)
    • North America
      • North America Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
        • Luxury cars
        • Executive cars
        • Economy cars
        • SUVs
        • MUVs
      • North America Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
        • Local usage
        • Airport transport
        • Outstation
        • Others
      • U.S.
        • U.S. Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • U.S. Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • Canada
        • Canada Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • Canada Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
    • Europe
      • Europe Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
        • Luxury cars
        • Executive cars
        • Economy cars
        • SUVs
        • MUVs
      • Europe Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
        • Local usage
        • Airport transport
        • Outstation
        • Others
      • UK
        • UK Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • UK Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • Germany
        • Germany Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • Germany Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • France
        • France Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • France Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
    • Asia Pacific
      • Asia Pacific Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
        • Luxury cars
        • Executive cars
        • Economy cars
        • SUVs
        • MUVs
      • Asia Pacific Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
        • Local usage
        • Airport transport
        • Outstation
        • Others
      • Japan
        • Japan Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • Japan Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • China
        • China Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • China Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • India
        • India Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • India Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • Australia
        • Australia Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • Australia Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • South Korea
        • South Korea Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • South Korea Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
    • Latin America
      • Latin America Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
        • Luxury cars
        • Executive cars
        • Economy cars
        • SUVs
        • MUVs
      • Latin America Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
        • Local usage
        • Airport transport
        • Outstation
        • Others
      • Brazil
        • Brazil Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • Brazil Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • Mexico
        • Mexico Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • Mexico Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
    • Middle East and Africa
      • Middle East and Africa Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
        • Luxury cars
        • Executive cars
        • Economy cars
        • SUVs
        • MUVs
      • Middle East and Africa Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
        • Local usage
        • Airport transport
        • Outstation
        • Others
      • South Africa
        • South Africa Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • South Africa Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • Saudi Arabia
        • Saudi Arabia Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • Saudi Arabia Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others
      • UAE
        • UAE Car Rental Market, Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
          • Luxury cars
          • Executive cars
          • Economy cars
          • SUVs
          • MUVs
        • UAE Car Rental Market, Application Outlook (Revenue, USD Billion, 2017 - 2030)
          • Local usage
          • Airport transport
          • Outstation
          • Others

Car Rental Market Dynamics

Drivers: Increasing Trend Of On-Demand Transportation Services

The car rental market has witnessed an increasing trend of on-demand transportation services in recent years. This trend is driven by various factors, including the convenience and flexibility offered by on-demand services, the rising popularity of car sharing, and the changing preferences of consumers. On-demand transportation services provide customers with the convenience of accessing a vehicle whenever needed, without the burden of ownership or long-term commitments. Customers can easily reserve a car through online platforms or mobile apps and pick up and drop off the vehicle at designated locations. This flexibility appeals to individuals who require a car temporarily or for specific occasions.

Rising Travel And Tourism Industry Across The Globe

The worldwide travel and tourist business is growing, which substantially impacts the dynamics and expansion of the car rental market. As the global economy grows and disposable incomes rise, more individuals and families want to travel to various destinations for vacation, business, or other purposes, creating demand for transportation solutions. The flexibility and convenience provided by automobile rentals is a key factor in the delicate balance between the car rental and travel industries. Travelers who rent a car can explore destinations at their own leisure, visit distant areas, and build personalized journeys. The availability of a diverse range of vehicles, ranging from compact cars to SUVs and luxury cars, caters to the diverse preferences and travel needs of a broad spectrum of customers. Business travel also plays a pivotal role in propelling the car rental market forward. Professionals frequently require reliable transportation solutions for attending meetings, conferences, and other business-related activities in unfamiliar cities or countries. Corporate partnerships and collaborations between car rental companies and businesses contribute significantly to the growth of the market

Restraints: Competition From Ride-Sharing Services

The car rental market has faced significant competition from ride-sharing services, impacting its growth in recent years. Ride-sharing services, such as Uber Technologies Inc. and Lyft, Inc. have gained popularity due to their convenience, affordability, and ease of use. These services allow individuals to request a ride through a mobile app and be picked up by a driver using their own personal vehicle. Ride-sharing services have significantly impacted the car rental market by offering consumers an alternative transportation option. Rather than renting a car for a specific duration, individuals now can depend on ride-sharing services for their transportation needs in a more flexible and on-demand manner. This has led to a shift in consumer behavior, with some individuals opting to use ride-sharing services instead of renting a car, especially for shorter trips or in urban areas where parking and traffic can be challenging.

What Does This Report Include?

This section will provide insights into the contents included in this car rental market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Car rental market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Car rental market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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