+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Car Rental Market by Type, Mode of Booking, Rental Category, and Geography - Forecast and Analysis 2020-2024 - Product Image

Car Rental Market by Type, Mode of Booking, Rental Category, and Geography - Forecast and Analysis 2020-2024

  • ID: 4858680
  • Report
  • November 2019
  • Region: Global
  • 167 pages
  • TechNavio
UP TO OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 4

FEATURED COMPANIES

  • Avis Budget Group Inc.
  • Enterprise Holdings Inc.
  • Expedia Group Inc.
  • Localiza Rent a Car SA
  • Movida Participações SA
  • SIXT SE
  • MORE
Global Car Rental Market: About this market

The author's car rental market analysis considers sales from airport transport, local transport, outstation transport, and other transport. Our study also finds the sales of car rental in APAC, Europe, MEA, North America, and South America. In 2019, the airport transport segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as providing numerous services to their customers, including complimentary vehicle insurance will play a significant role in the airport transport segment to maintain its market position. Also, our global car rental market report looks at factors such as growing travel and tourism industry, strong global economic recovery and increasing HNWIs and increasing incorporation of advanced digital technologies in car rental services. However, rise in number of car-sharing services, growing adoption of car-hailing services, inadequate consumer awareness along with fluctuations in oil prices may hamper the growth of the car rental industry over the forecast period.

Global Car Rental Market: Overview

Increasing incorporation of advanced digital technologies in car rental services
Car rental operators are increasingly using technology to improve service convenience and tap into large markets. Operators are streamlining their membership procedures to make cars available to customers within minimal time. The high penetration of the Internet and the subsequent penetration of smartphone users are the main drivers for increased dependency on technology. Currently, most of the car rental companies depend extensively on their mobile-based applications and online websites for business. The same medium is used to communicate the fare, discount coupons, promotional offers, availability of cars, and real-time tracking details of vehicles used. Such advanced digital technologies in car rental services will lead to the expansion of the global car rental market at a CAGR of over 17% during the forecast period.

Advances in rental processes
Car rental service providers are focusing on technological innovations to upgrade their distribution channels and enhance customer experience by including online check-in, self-service kiosk, and loyalty programs. These advances helped in making the car rental process quick and easy. In addition, these new services and solutions have also removed counter passages, facilitating the smooth running of the rental process. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global car rental market is fragmented. The author's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading car rental manufacturers, that include Avis Budget Group Inc., Carzonrent India Pvt. Ltd., Enterprise Holdings Inc., Europcar Mobility Group SA, Expedia Group Inc., Hertz Global Holdings Inc., Localiza Rent a Car SA, Movida Participações SA, SIXT SE, and Turo Inc.

Also, the car rental market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Avis Budget Group Inc.
  • Enterprise Holdings Inc.
  • Expedia Group Inc.
  • Localiza Rent a Car SA
  • Movida Participações SA
  • SIXT SE
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Economy cars - Market size and forecast 2019-2024
  • Executive cars - Market size and forecast 2019-2024
  • Luxury cars - Market size and forecast 2019-2024
  • SUVs - Market size and forecast 2019-2024
  • MUVs - Market size and forecast 2019-2024
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity
PART 09: MARKET SEGMENTATION BY MODE OF BOOKING
  • Market segmentation by mode of booking
  • Comparison by mode of booking
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by mode of booking
PART 10: MARKET SEGMENTATION BY RENTAL CATEGORY
  • Market segmentation by rental category
  • Comparison by rental category
  • Airport transport - Market size and forecast 2019-2024
  • Local transport - Market size and forecast 2019-2024
  • Outstation transport - Market size and forecast 2019-2024
  • Other transport - Market size and forecast 2019-2024
  • Market opportunity by rental category
PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 13: MARKET TRENDS
  • Advent of intermediaries
  • Value-for-money car rental services
  • Advances in rental processes
  • Growing interest in self-driving vehicles
PART 14: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 15: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Avis Budget Group Inc.
  • Carzonrent India Pvt. Ltd.
  • Enterprise Holdings Inc.
  • Europcar Mobility Group SA
  • Expedia Group Inc.
  • Hertz Global Holdings Inc.
  • Localiza Rent a Car SA
  • Movida Participações SA
  • SIXT SE
  • Turo Inc.
PART 16: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits 
Exhibit 01: Global financial services market
Exhibit 02: Segments of global financial services market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2019
Exhibit 07: Global market: Size and forecast 2019-2024 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 09: Five forces analysis 2019
Exhibit 10: Five forces analysis 2024
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2019
Exhibit 17: Type - Market share 2019-2024 (%)
Exhibit 18: Comparison by type
Exhibit 19: Economy cars - Market size and forecast 2019-2024 ($ billions)
Exhibit 20: Economy cars - Year-over-year growth 2020-2024 (%)
Exhibit 21: Executive cars - Market size and forecast 2019-2024 ($ billions)
Exhibit 22: Executive cars - Year-over-year growth 2020-2024 (%)
Exhibit 23: Luxury cars - Market size and forecast 2019-2024 ($ billions)
Exhibit 24: Luxury cars - Year-over-year growth 2020-2024 (%)
Exhibit 25: SUVs - Market size and forecast 2019-2024 ($ billions)
Exhibit 26: SUVs - Year-over-year growth 2020-2024 (%)
Exhibit 27: MUVs - Market size and forecast 2019-2024 ($ billions)
Exhibit 28: MUVs - Year-over-year growth 2020-2024 (%)
Exhibit 29: Market opportunity by type
Exhibit 30: Customer landscape
Exhibit 31: Market share by geography 2019-2024 (%)
Exhibit 32: Geographic comparison
Exhibit 33: North America - Market size and forecast 2019-2024 ($ billions)
Exhibit 34: North America - Year-over-year growth 2020-2024 (%)
Exhibit 35: Europe - Market size and forecast 2019-2024 ($ billions)
Exhibit 36: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 37: APAC - Market size and forecast 2019-2024 ($ billions)
Exhibit 38: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 39: South America - Market size and forecast 2019-2024 ($ billions)
Exhibit 40: South America - Year-over-year growth 2020-2024 (%)
Exhibit 41: MEA - Market size and forecast 2019-2024 ($ billions)
Exhibit 42: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 43: Key leading countries
Exhibit 44: Market opportunity
Exhibit 45: mode of booking - Market share 2019-2024 (%)
Exhibit 46: Comparison by mode of booking
Exhibit 47: Offline - Market size and forecast 2019-2024 ($ billions)
Exhibit 48: Offline - Year-over-year growth 2020-2024 (%)
Exhibit 49: Online - Market size and forecast 2019-2024 ($ billions)
Exhibit 50: Online - Year-over-year growth 2020-2024 (%)
Exhibit 51: Market opportunity by mode of booking
Exhibit 52: rental category - Market share 2019-2024 (%)
Exhibit 53: Comparison by rental category
Exhibit 54: Airport transport - Market size and forecast 2019-2024 ($ billions)
Exhibit 55: Airport transport - Year-over-year growth 2020-2024 (%)
Exhibit 56: Local transport - Market size and forecast 2019-2024 ($ billions)
Exhibit 57: Local transport - Year-over-year growth 2020-2024 (%)
Exhibit 58: Outstation transport - Market size and forecast 2019-2024 ($ billions)
Exhibit 59: Outstation transport - Year-over-year growth 2020-2024 (%)
Exhibit 60: Other transport - Market size and forecast 2019-2024 ($ billions)
Exhibit 61: Other transport - Year-over-year growth 2020-2024 (%)
Exhibit 62: Market opportunity by rental category
Exhibit 63: Impact of drivers and challenges
Exhibit 64: Vendor landscape
Exhibit 65: Landscape disruption
Exhibit 66: Vendors covered
Exhibit 67: Vendor classification
Exhibit 68: Market positioning of vendors
Exhibit 69: Avis Budget Group Inc. - Vendor overview
Exhibit 70: Avis Budget Group Inc. - Business segments
Exhibit 71: Avis Budget Group Inc. - Organizational developments
Exhibit 72: Avis Budget Group Inc. - Geographic focus
Exhibit 73: Avis Budget Group Inc. - Segment focus
Exhibit 74: Avis Budget Group Inc. - Key offerings
Exhibit 75: Carzonrent India Pvt. Ltd. - Vendor overview
Exhibit 76: Carzonrent India Pvt. Ltd. - Service segments
Exhibit 77: Carzonrent India Pvt. Ltd. - Geographic focus
Exhibit 78: Carzonrent India Pvt. Ltd. - Key offerings
Exhibit 79: Enterprise Holdings Inc. - Vendor overview
Exhibit 80: Enterprise Holdings Inc. - Service segments
Exhibit 81: Enterprise Holdings Inc. - Organizational developments
Exhibit 82: Enterprise Holdings Inc. - Key offerings
Exhibit 83: Europcar Mobility Group SA - Vendor overview
Exhibit 84: Europcar Mobility Group SA - Business segments
Exhibit 85: Europcar Mobility Group SA - Organizational developments
Exhibit 86: Europcar Mobility Group SA - Geographic focus
Exhibit 87: Europcar Mobility Group SA - Key offerings
Exhibit 88: Expedia Group Inc. - Vendor overview
Exhibit 89: Expedia Group Inc. - Business segments
Exhibit 90: Expedia Group Inc. - Organizational developments
Exhibit 91: Expedia Group Inc. - Geographic focus
Exhibit 92: Expedia Group Inc. - Segment focus
Exhibit 93: Expedia Group Inc. - Key offerings
Exhibit 94: Hertz Global Holdings Inc. - Vendor overview
Exhibit 95: Hertz Global Holdings Inc. - Business segments
Exhibit 96: Hertz Global Holdings Inc. - Organizational developments
Exhibit 97: Hertz Global Holdings Inc. - Segment focus
Exhibit 98: Hertz Global Holdings Inc. - Key offerings
Exhibit 99: Localiza Rent a Car SA - Vendor overview
Exhibit 100: Localiza Rent a Car SA - Business segments
Exhibit 101: Localiza Rent a Car SA - Organizational developments
Exhibit 102: Localiza Rent a Car SA - Geographic focus
Exhibit 103: Localiza Rent a Car SA - Segment focus
Exhibit 104: Localiza Rent a Car SA - Key offerings
Exhibit 105: Movida Participações SA - Vendor overview
Exhibit 106: Movida Participações SA - Business segments
Exhibit 107: Movida Participações SA - Organizational developments
Exhibit 108: Movida Participações SA - Key offerings
Exhibit 109: SIXT SE - Vendor overview
Exhibit 110: SIXT SE - Service segments
Exhibit 111: SIXT SE - Organizational developments
Exhibit 112: SIXT SE - Geographic focus
Exhibit 113: SIXT SE - Segment focus
Exhibit 114: SIXT SE - Key offerings
Exhibit 115: Turo Inc. - Vendor overview
Exhibit 116: Turo Inc. - Business segments
Exhibit 117: Turo Inc. - Organizational developments
Exhibit 118: Turo Inc. - Key offerings
Exhibit 119: Validation techniques employed for market sizing
Exhibit 120: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4

FEATURED COMPANIES

  • Avis Budget Group Inc.
  • Enterprise Holdings Inc.
  • Expedia Group Inc.
  • Localiza Rent a Car SA
  • Movida Participações SA
  • SIXT SE
  • MORE
The author recognizes the following companies as the key players in the global car rental market: Avis Budget Group Inc., Carzonrent India Pvt. Ltd., Enterprise Holdings Inc., Europcar Mobility Group SA, Expedia Group Inc., Hertz Global Holdings Inc., Localiza Rent a Car SA, Movida Participações SA, SIXT SE, and Turo Inc.

Commenting on the report, an analyst from the author said: “The latest trend gaining momentum in the market is the advances in rental processes.”

According to the report, one of the major drivers for this market is the increasing incorporation of advanced digital technologies in car rental services.

Further, the report states that one of the major factors hindering the growth of this market is the rise in the number of car-sharing services.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 4
  • Avis Budget Group Inc.
  • Carzonrent India Pvt. Ltd.
  • Enterprise Holdings Inc.
  • Europcar Mobility Group SA
  • Expedia Group Inc.
  • Hertz Global Holdings Inc.
  • Localiza Rent a Car SA
  • Movida Participações SA
  • SIXT SE
  • Turo Inc.
Note: Product cover images may vary from those shown
Adroll
adroll