Growth Opportunities in the Global Car Rental Industry

  • ID: 4206192
  • Report
  • Region: Global
  • Lucintel
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The Global Car Rental Industry is Expected to Reach an Estimated $99.6 Billion by 2022

FEATURED COMPANIES

  • Avis Budget Group Inc.
  • Empresas Tattersall SA
  • Enterprise Rent-A-Car
  • Europcar Groupe S.A
  • Localiza Rent a Car SA
  • Redcap Tour Co., Ltd.
  • MORE

Trends, opportunities and forecast in this market to 2022 by location (On-Airport and Off-Airport), type of customer (Business, Leisure, and Others), vehicle (Luxury Cars, Executive Cars, Economy Cars, Sports Utility Vehicles, and Multi Utility Vehicles), mode of booking (On-Line and Off-Line), and region (North America, Europe, Asia Pacific, and the Rest of the World)

The global car rental industry looks good with opportunities in the off- airport and on-airport market segment. The global car rental industry is expected to reach an estimated $99.6 billion by 2022 and it is forecast to grow at a CAGR of 5.5% from 2017 to 2022. The major drivers of growth for this market are increase in international air travelers and increase in the volume of domestic tourists.

Emerging trends, which have a direct impact on the dynamics of the car rental industry, include enhanced user experience through digitization, additional green vehicles in the fleets of rental car companies, introduction of autonomous vehicles, enhanced technologies in car rental services, and the concept of self-driving instead of hiring a driver.

A total of 84 figures/charts and 73 tables are provided in this 154-page report to help in your business decisions.

The study includes car rental industry size and forecast for the global car rental industry through 2022 by location, customer, vehicle, mode of booking, and region as follows:

Global Car Rental Industry by Location ($ Billion from 2011 to 2022)
  • On-Airport
  • Off-Airport
Global Car Rental Industry by Customer ($ Billion from 2011 to 2022)
  • Business
  • Leisure
  • Others
Global Car Rental Industry by Vehicle ($ Billion from 2011 to 2022)
  • Luxury Cars
  • Executive Cars
  • Economy Cars
  • Sports Utility Vehicles
  • Multi Utility Vehicles
Global Car Rental Industry by Mode of Booking ($ Billion from 2011 to 2022)
  • On-Line
  • Off-Line
Global Car Rental Industry by Region ($ Billion from 2011 to 2022)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Italy
  • France
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Hong Kong
  • South Korea
  • The Rest of the World
  • Brazil
  • Argentina
Car rental companies profiled in this market include Enterprise Rent-A-Car, Hertz Global Holdings, Inc., Avis Budget Group Inc., Europcar Groupe S.A., and Sixt AG are the major car rental service providers in the global car rental industry.

On the basis of the comprehensive research, the author forecasts that on-airport segment expected to show above average growth during the forecast period.

Within the global car rental industry, the leisure customer segment is expected to remain the largest market. With a rise in air travel and domestic tourism, and recovery in the GDP level, the number of the leisure customers in is expected to increase, which will spur growth for this segment over the forecast period.

North America is expected to remain the largest region due to high quality road infrastructure and limited railways. Increasing investment opportunities in different industries, gains in per capita disposable income, and increasing corporate travel will drive car rental demand in North America.

Some of the features of “Growth Opportunities in the Global Car Rental Industry 2017-2022: Trends, Forecast, and Opportunity Analysis” include:
  • Market size estimates: Global car rental industry size estimation in terms of value ($B) shipment.
  • Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by segments and region.
  • Segmentation analysis: Global car rental industry size by various applications such as location, customer, vehicle, and mode of booking in terms of value and volume shipment.
  • Regional analysis: Global car rental industry breakdown by key regions such as North America, Europe, and Asia & Rest of World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of global car rental industry.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of car rental in the global car rental suppliers.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:

Q.1  What are some of the most promising, high-growth opportunities for the global car rental industry by location (On-Airport and Off-Airport), type of customer (Business, Leisure, and Others), vehicle (Luxury Cars, Executive Cars, Economy Cars, Sports Utility Vehicles, and Multi Utility Vehicles), mode of booking (On-Line and Off-Line), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3   Which region will grow at a faster pace and why?
Q.4  What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in car rental market?
Q.5  What are the business risks and competitive threats in car rental market?
Q.6  What are the emerging trends in car rental market and the reasons behind them?
Q.7  What are some of the changing demands of customers in the car rental market?
Q.8  What are the new developments in the car rental market? Which companies are leading these developments?
Q.9  Who are the major players in car rental market? What strategic initiatives are key players pursuing for business growth?
Q.10  What are some of the competing service and processes of car rental companies and how big of a threat do they pose for loss of market share by service substitution?
Q.11  What M&A activity by the major car rental suppliers has occurred in the last 5 years and what has its impact been on the industry?
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FEATURED COMPANIES

  • Avis Budget Group Inc.
  • Empresas Tattersall SA
  • Enterprise Rent-A-Car
  • Europcar Groupe S.A
  • Localiza Rent a Car SA
  • Redcap Tour Co., Ltd.
  • MORE

1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Industry Trends and Forecast Analysis from 2011 to 2022
3.1: Macroeconomic Trends and Forecast
3.2: Global Car Rental Industry Trends and Forecast
3.3: Global Car Rental Industry by Location
3.3.1: Off-Airport
3.3.2: On-Airport
3.4: Global Car Rental Industry by Customers
3.4.1: Business
3.4.2: Leisure
3.4.3: Others
3.5: Global Car Rental Industry by Vehicle Type
3.5.1: Luxury Cars
3.5.2: Executive Cars
3.5.3: Economy Cars
3.5.4: Sports Utility Vehicles
3.5.5: Multi Utility Vehicles
3.6: Global Car Rental Industry by Mode of Booking
3.6.1: On-Line Booking
3.6.2: Off-Line Booking
 
4. Industry Trends and Forecast Analysis by Region
4.1: Global Car Rental Industry by Region
4.2: North American Car Rental Industry
4.2.1: Industry by Location: Off-Airport and On-Airport
4.2.2: The United States Car Rental industry
4.2.3: Canadian Car Rental industry
4.2.4: Mexican Car Rental Industry
4.3: European Car Rental Industry
4.3.1: Industry by Location: Off-Airport and On-Airport
4.3.2: The United Kingdom Car Rental Industry
4.3.3: Italian Car Rental Industry
4.3.4: French Car Rental Industry
4.3.5: German Car Rental Industry
4.3.6: Spanish Car Rental Industry
4.4: APAC Car Rental Industry
4.4.1: Industry by Location: Off-Airport and On-Airport
4.4.2: Chinese Car Rental Industry
4.4.3: Indian Car Rental Industry
4.4.4: Japanese Car Rental Industry
4.4.5: Hong Kong Car Rental Industry
4.4.6: South Korean Car Rental Industry
4.5: ROW Car Rental Industry
4.5.1: Industry by Location: Off-Airport and On-Airport
4.5.2: Brazilian Car Rental Industry
4.5.3: Argentinian Car Rental Industry
 
5. Competitor Analysis
5.1: Service Portfolio Analysis
5.2: Industry Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Car Rental Industry by Region
6.1.2: Growth Opportunities for the Global Car Rental Industry by Location
6.2: Emerging Trends in the Global Car Rental Market
6.3: Strategic Analysis
6.3.1: New Services Launches
6.3.2: Capacity Expansion of the Global Car Rental Industry
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Car Rental Industry
6.3.4: Certification and Licensing
6.3.5: Technology Development
 
7. Company Profiles of Leading Players
7.1: Enterprise Rent-A-Car
7.2: Hertz Global Holdings, Inc.
7.3: Avis Budget Group Inc.
7.4: Europcar Groupe S.A
7.5: Sixt SE
7.6: Localiza Rent a Car SA
7.7: ICHINEN HOLDINGS CO., LTD.
7.8: Redcap Tour Co., Ltd.
7.9: Empresas Tattersall SA
7.10: Warisan TC Holdings Berhad
 
List of Figures
 
Chapter 2. Market Background and Classifications
Figure 2.1: Model T Ford
Figure 2.2: Classification of the Global Car Rental Industry
Figure 2.3: Supply Chain of the Global Car Rental Industry
Figure 2.4: Major Drivers and Challenges for the Global Car Rental Industry
 
Chapter 3. Industry Trends and Forecast Analysis from 2011 to 2022
Figure 3.1: Trends of the Global GDP Growth Rate
Figure 3.2: Trends of the Global Population Growth Rate
Figure 3.3: Trends of the Global Inflation Rate
Figure 3.4: Trends of the Global Unemployment Rate
Figure 3.5: Trends of the Regional GDP Growth Rate
Figure 3.6: Trends of the Regional Population Growth Rate
Figure 3.7: Trends of the Regional Inflation Rate
Figure 3.8: Trends of the Regional Unemployment Rate
Figure 3.9: Regional Per Capita Income Trends
Figure 3.10: Trends and Forecast for the Global Car Rental Industry (2011-2022)
Figure 3.11: Trends of the Global Car Rental Industry ($B) by Location (2011- 2016)
Figure 3.12: Forecast for the Global Car Rental Industry ($B) by Location (2017-2022)
Figure 3.13: Trends of Off-Airport in the Global Car Rental Industry ($B) by Region (2011-2016)
Figure 3.14: Forecast for Off-Airport in the Global Car Rental Industry ($B) by Region (2017-2022)
Figure 3.15: Trends of On-Airport in the Global Car Rental Industry ($B) by Region (2011-2016)
Figure 3.16: Forecast for On-Airport in the Global Car Rental Industry ($B) by Region (2017-2022)
Figure 3.17: Trends of the Global Car Rental Industry ($B) by Customer (2011-2016)
Figure 3.18: Forecast for the Global Car Rental Industry ($B) by Customer (2017-2022)
Figure 3.19: Trends and Forecast for Business Customers in the Global Car Rental Industry (2011-2022)
Figure 3.20: Trends and Forecast for Leisure Customers in the Global Car Rental Industry (2011-2022)
Figure 3.21: Trends and Forecast for Other Customers in the Global Car Rental Industry (2011-2022)
Figure 3.22: Trends of the Global Car Rental Industry ($B) by Vehicle Type (2011-2016)
Figure 3.23: Forecast for the Global Car Rental Industry ($B) by Vehicle Type (2017-2022)
Figure 3.24: Trends and Forecast for Luxury Cars in the Global Car Rental Industry (2011-2022)
Figure 3.25: Trends and Forecast for Executive Cars in the Global Car Rental Industry (2011-2022)
Figure 3.26: Trends and Forecast for Economy Cars in the Global Car Rental Industry (2011-2022)
Figure 3.27: Trends and Forecast for Sports Utility Vehicles in the Global Car Rental Industry (2011-2022)
Figure 3.28: Trends and Forecast for Multi Utility Vehicles in the Global Car Rental Industry (2011-2022)
Figure 3.29: Trends of the Global Car Rental Industry ($B) by Booking Type (2011-2016)
Figure 3.30: Forecast for the Global Car Rental Industry ($B) by Booking Type (2017-2022)
Figure 3.31: Trends and Forecast for On-Line Booking in the Global Car Rental Industry (2011-2022)
Figure 3.32: Trends and Forecast Off-Line booking in the Global Car Rental Industry (2011-2022)
 
Chapter 4. Industry Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global Car Rental Industry ($B) by Region (2011-2016)
Figure 4.2: Forecast for the Global Car Rental Industry ($B) by Region (2017-2022)
Figure 4.3: Trends and Forecast of the North American Car Rental Industry (2011-2022)
Figure 4.4: Trends of the North American Car Rental Industry ($B) by Location (2011-2016)
Figure 4.5: Forecast for the North American Car Rental Industry ($B) by Location (2017-2022)
Figure 4.6: Trends and Forecast for the United States Car Rental Industry (2011-2022)
Figure 4.7: Trends and Forecast for the Canadian Car Rental Industry (2011-2022)
Figure 4.8: Trends and Forecast for the Mexican Car Rental Industry (2011-2022)
Figure 4.9: Trends and Forecast for the European Car Rental Industry (2011-2022)
Figure 4.10: Trends of the European Car Rental Industry ($B) by Location (2011-2016)
Figure 4.11: Forecast for the European Car Rental Industry ($B) by Location (2017-2022)
Figure 4.12: Trends and Forecast for the Unite Kingdom Car Rental Industry (2011-2022)
Figure 4.13: Trends and Forecast for the Italian Car Rental Industry (2011-2022)
Figure 4.14: Trends and Forecast for the French Car Rental Industry (2011-2022)
Figure 4.15: Trends and Forecast for the German Car Rental Industry (2011-2022)
Figure 4.16: Trends and Forecast for the Spanish Car Rental Industry (2011-2022)
Figure 4.17: Trends and Forecast for the APAC Car Rental Industry (2011-2022)
Figure 4.18: Trends of the APAC Car Rental Industry ($B) by Location (2011-2016)
Figure 4.19: Forecast for the APAC Car Rental Industry ($B) by Location (2017-2022)
Figure 4.20: Trends and Forecast for the Chinese Car Rental Industry (2011-2022)
Figure 4.21: Trends and Forecast for the Indian Car Rental Industry (2011-2022)
Figure 4.22: Trends and Forecast for the Japanese Car Rental Industry (2011-2022)
Figure 4.23: Trends and Forecast for the Hong Kong Car Rental Industry (2011-2022)
Figure 4.24: Trends and Forecast for the South Korean Car Rental Industry (2011-2022)
Figure 4.25: Trends and Forecast for the ROW Car Rental Industry (2011-2022)
Figure 4.26: Trends of the ROW Car Rental Industry ($B) by Location (2011-2016)
Figure 4.27: Forecast for the ROW Car Rental Industry ($B) by Location (2017-2022)
Figure 4.28: Trends and Forecast for the Brazilian Car Rental Industry (2011-2022)
Figure 4.29: Trends and Forecast for the Argentinian Car Rental Industry (2011-2022)
 
Chapter 5. Competitor Analysis
Figure 5.1: Industry Share Analysis of the Global Car Rental Industry in 2016
Figure 5.2: Industry Share Analysis of the Top Five Players in the Global Car Rental Industry in 2016
Figure 5.3: Locations of Major Car Rental Industry
Figure 5.4: Porter’s Five Forces Industry Analysis for the Global Car Rental Industry
 
Chapter 6. Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunities for the Global Car Rental Industry by Region (2022)
Figure 6.2: Growth Opportunities for the Global Car Rental Industry by Location (2022)
Figure 6.3: Emerging Trends in the Global Car Rental Industry
Figure 6.4: Strategic Initiatives by Major Competitors in the Global Car Rental Industry (2014-2016)
Figure 6.5: Major Capacity Expansions in the Global Car Rental Industry (2011-2016)
 
Chapter 7. Company Profiles of Leading Players
Figure 7.1: Major Industry Locations of Enterprise Rent-A-Car Business
Figure 7.2: Major Industry Locations of Hertz Global Holdings, Inc. Business
Figure 7.3: Major Industry Locations of Avis Budget Group Inc. Business
Figure 7.4: Major Industry Locations of Europcar Groupe S.A Business
Figure 7.5: Major Industry Locations of Sixt SE Business
Figure 7.6: Major Industry Locations of Localiza Rent a Car SA Business
Figure 7.7: Major Industry Locations of Ichinen Holdings Co., Ltd. Business
Figure 7.8: Major Industry Locations of Redcap Tour Co., Ltd. Business
Figure 7.9: Major Industry Locations of Empresas Tattersall SA Business
Figure 7.10: Major Industry Locations of Warisan TC Holdings Berhad Business
 
List of Tables
 
Chapter 1. Executive Summary
Table 1.1: The Global Car Rental Industry Parameters and Attributes – Service Perspective
 
Chapter 3. Industry Trends and Forecast Analysis from 2011 to 2022
Table 3.1: Industry Trends of the Global Car Rental Industry (2011-2016)
Table 3.2: Industry Forecast for the Global Car Rental Industry (2017-2022)
Table 3.3: Industry Size and CAGR of Various Locations in the Global Car Rental Industry (2011-2016)
Table 3.4: Industry Size and CAGR of Various Locations in the Global Car Rental Industry (2017-2022)
Table 3.5: Industry Size and CAGR of Various Regions of Off-Airport in the Global Car Rental Industry (2011-2016)
Table 3.6: Industry Size and CAGR of Various Regions of Off-Airport in the Global Car Rental Industry (2017-2022)
Table 3.7: Industry Size and CAGR of Various Regions of On-Airport in the Global Car Rental Industry (2011-2016)
Table 3.8: Industry Size and CAGR of Various Regions of On-Airport in the Global Car Rental Industry (2017-2022)
Table 3.9: Industry Size and CAGR of Various Customers of the Global Car Rental Industry (2011-2016)
Table 3.10: Industry Size and CAGR of Various Customers of the Global Car Rental Industry (2017-2022)
Table 3.11: Industry Trends of Business Customers in the Global Car Rental Industry (2011-2016)
Table 3.12: Industry Forecast for Business Customers in the Global Car Rental Industry (2017-2022)
Table 3.13: Industry Trends of Leisure Customers in the Global Car Rental Industry (2011-2016)
Table 3.14: Industry Forecast for Leisure Customers in the Global Car Rental Industry (2017-2022)
Table 3.15: Industry Trends of Other Customers in the Global Car Rental Industry (2011-2016)
Table 3.16: Industry Forecast for Other Customers in the Global Car Rental Industry (2017-2022)
Table 3.17: Industry Size and CAGR of Various Vehicles of the Global Car Rental Industry (2011-2016)
Table 3.18: Industry Size and CAGR of Various Vehicles of the Global Car Rental Industry (2017-2022)
Table 3.19: Industry Trends of Luxury Cars in the Global Car Rental Industry (2011-2016)
Table 3.20: Industry Forecast for Luxury Cars in the Global Car Rental Industry (2017-2022)
Table 3.21: Industry Trends of Executive Cars in the Global Car Rental Industry (2011-2016)
Table 3.22: Industry Forecast for Executive Cars in the Global Car Rental Industry (2017-2022)
Table 3.23: Industry Trends of Economy Cars in the Global Car Rental Industry (2011-2016)
Table 3.24: Industry Forecast for Economy Cars in the Global Car Rental Industry (2016-2022)
Table 3.25: Industry Trends of Sports Utility Vehicles in the Global Car Rental Industry (2011-2016)
Table 3.26: Industry Forecast for Sports Utility Vehicles in the Global Car Rental Industry (2017-2022)
Table 3.27: Industry Trends of Multi Utility Vehicles in the Global Car Rental Industry (2011-2016)
Table 3.28: Industry Forecast for Multi Utility Vehicles in the Global Car Rental Industry (2017-2022)
Table 3.29: Industry Size and CAGR of Various Booking Types of the Global Car Rental Industry (2011-2016)
Table 3.30: Industry Size and CAGR of Various Booking Types of the Global Car Rental industry (2017-2022)
Table 3.31: Industry Trends of On-Line Booking in the Global Car Rental industry (2011-2016)
Table 3.32: Industry Forecast for On-Line Booking in the Global Car Rental industry (2017-2022)
Table 3.33: Market Trends of Off-Line Booking in the Global Car Rental Industry (2011-2016)
Table 3.34: Industry Forecast for Off-Line Booking in the Global Car Rental industry (2017-2022)
 
Chapter 4. Industry Trends and Forecast Analysis by Region
Table 4.1: Industry Size and CAGR of Various Regions of the Global Car Rental industry (2011-2016)
Table 4.2: Industry Size and CAGR of Various Regions of the Global Car Rental industry (2017-2022)
Table 4.3: Industry Trends of Car Rental in the North American Car Rental industry (2011-2016)
Table 4.4: Industry Forecast for Car Rental in the North American Car Rental industry (2017-2022)
Table 4.5: Industry Size and CAGR of Various Locations of the North American Car Rental industry (2011-2016)
Table 4.6: Industry Size and CAGR of Various Locations of the North American Car Rental industry (2017-2022)
Table 4.7: Trends and Forecast for the United States Car Rental Industry (2011-2022)
Table 4.8: Trends and Forecast for the Canadian Car Rental Industry (2011-2022)
Table 4.9: Trends and Forecast for the Mexican Car Rental Industry (2011-2022)
Table 4.10: Industry Trends of Car Rental in the European Car Rental Industry (2011-2016)
Table 4.11: Industry Forecast for the Car Rental in the European Car Rental industry (2017-2022)
Table 4.12: Industry Size and CAGR of Various Locations of the European Car Rental Industry (2011-2016)
Table 4.13: Industry Size and CAGR of Various Locations of the Car Rental Industry (2017-2022)
Table 4.14: Trends and Forecast for the United Kingdom Car Rental Industry (2011-2022)
Table 4.15: Trends and Forecast for the Italian Car Rental Industry (2011-2022)
Table 4.16: Trends and Forecast for the French Car Rental Industry (2011-2022)
Table 4.17: Trends and Forecast for the German Car Rental Industry (2011-2022)
Table 4.18: Trends and Forecast for the Spanish Car Rental Industry (2011-2022)
Table 4.19: Industry Trends of Location in the APAC Car Rental Industry (2011-2016)
Table 4.20: Industry Forecast for the Location in the APAC Car Rental Industry (2017-2022)
Table 4.21: Industry Size and CAGR of Various Locations of the APAC Car Rental Industry (2011-2016)
Table 4.22: Industry Size and CAGR of Various Locations of the APAC Car Rental Industry (2017-2022)
Table 4.23: Trends and Forecast for the Chinese Car Rental Industry (2011-2022)
Table 4.24: Trends and Forecast for the Indian Car Rental Industry (2011-2022)
Table 4.25: Trends and Forecast for the Japanese Car Rental Industry (2011-2022)
Table 4.26: Trends and Forecast for the Hong Kong Car Rental Industry (2011-2022)
Table 4.27: Trends and Forecast for the South Korean Car Rental Industry (2011-2022)
Table 4.28: Industry Trends of the ROW Car Rental Industry (2011-2016)
Table 4.29: Industry Forecast for the ROW Car Rental Industry (2017-2022)
Table 4.30: Industry Size and CAGR of Various Locations of the ROW Car Rental Industry (2011-2016)
Table 4.31: Industry Size and CAGR of Various Locations of the ROW Car Rental Industry (2017-2022)
Table 4.32: Trends and Forecast for the Brazilian Car Rental Industry (2011-2022)
Table 4.33: Trends and Forecast for the Argentinian Car Rental Industry (2011-2022)
 
Chapter 5. Competitor Analysis
Table 5.1: Service Mapping of Car Rental Industry Suppliers Based on Industry Served
Table 5.2: Rankings of Suppliers Based on Revenue of the Car Rental Industry
 
Chapter 6. Growth Opportunities and Strategic Analysis
Table 6.1: New Service Launches by Competing Car Rental Companies (2011-2016)     
Table 6.2: Certifications and Licenses Acquired by Major Competitors in the Global Car Rental Industry
Table 6.3: Technological Advancements in the Global Car Rental Industry

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  • Avis Budget Group Inc.
  • Empresas Tattersall SA
  • Enterprise Rent-A-Car
  • Europcar Groupe S.A
  • Hertz Global Holdings, Inc.
  • ICHINEN HOLDINGS CO., LTD.
  • Localiza Rent a Car SA
  • Redcap Tour Co., Ltd.
  • Sixt SE
  • Warisan TC Holdings Berhad
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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