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Car Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • ID: 5118146
  • Report
  • June 2020
  • Region: Global
  • 111 pages
  • IMARC Group

FEATURED COMPANIES

  • Avis Budget Group Inc.
  • Eco rent a car
  • Enterprise Holdings Inc.
  • Enterprise Rent-A-Car
  • Europcar
  • Localiza
The global car rental market is currently witnessing strong growth. Car rental refers to the facility of renting automobiles temporarily for a predefined period through online or offline channels. Car rental services are primarily aimed at serving travelers and individuals who do not own private vehicles. Renting automobiles is considered to be a more cost-effective alternative to owning a vehicle as it offers freedom of movement, low-cost traveling and enables the evasion of high ownership costs. The service providers also offer various other products, such as car damage repair, insurance compensation policies, entertainment systems, global positioning systems (GPS) and Wi-Fi networks, for providing enhanced convenience to users.

Significant growth in the travel and tourism industry across the globe is one of the key factors driving the growth of the market. Furthermore, the rising urban population with increasing inclination toward adventure and travel is also providing a boost to the market growth. In line with this, individuals are adopting car rental services in the form of taxis and carpooling for increased mobility and cost-effective traveling. Additionally, the implementation of favorable government policies, along with the increasing awareness regarding environment conservation, is acting as another growth-inducing factor. Governments of both the developed and emerging economies are emphasizing on minimizing their vehicular emissions and promoting car rental services as one of the most economical modes of transportation. Other factors, including the introduction of car rental services through websites and smartphone-based applications, coupled with increasing expenditure capacities of the masses, are projected to drive the market further. Looking forward, the publisher expects the market to register a CAGR of around 7% during 2020-2025.

Breakup by Booking:
  • Offline Booking
  • Online Booking
Breakup by Rental Length:
  • Short Term
  • Long Term
Breakup by Vehicle Type:
  • Luxury
  • Executive
  • Economy
  • SUVs
  • Others
Breakup by Application:
  • Leisure/Tourism
  • Business
Breakup by End-User:
  • Self-Driven
  • Chauffeur-Driven
Breakup by Region:
  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Avis Budget Group, Inc., Carzonrent India Private Limited, Eco rent a car, Enterprise Holdings, Inc., Enterprise Rent-A-Car, Europcar, Localiza, Sixt SE, The Hertz Corporation, etc.

Key Questions Answered in this Report:
  • How has the global car rental market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the booking?
  • What is the breakup of the market based on the rental length?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global car rental market and who are the key players?
  • What is the degree of competition in the market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Avis Budget Group Inc.
  • Eco rent a car
  • Enterprise Holdings Inc.
  • Enterprise Rent-A-Car
  • Europcar
  • Localiza
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Car Rental Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast

6 Market Breakup by Booking
6.1 Offline Booking
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Online Booking
6.2.1 Market Trends

7 Market Breakup by Rental Length
7.1 Short Term
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Long Term
7.2.1 Market Trends

8 Market Breakup by Vehicle Type
8.1 Luxury
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Executive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Economy
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 SUVs
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Application
9.1 Leisure/Tourism
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Business
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by End-User
10.1 Self-Driven
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Chauffeur-Driven
10.2.1 Market Trends
10.2.2 Market Forecast

11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast

12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 Price Indicators

16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Avis Budget Group, Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Carzonrent India Private Limited
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Eco rent a car
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Enterprise Holdings, Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 SWOT Analysis
16.3.5 Enterprise Rent-A-Car
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Europcar
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Localiza
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 Sixt SE
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 The Hertz Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
Note: Product cover images may vary from those shown
  • Avis Budget Group Inc.
  • Carzonrent India Private Limited
  • Eco rent a car
  • Enterprise Holdings Inc.
  • Enterprise Rent-A-Car
  • Europcar
  • Localiza
  • Sixt SE
  • The Hertz Corporation
Note: Product cover images may vary from those shown

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