Car Rental Market - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Car rental services involve renting of automobiles for short duration of time at certain cost. The global car rental market has witnessed a substantial growth past few years owing to the rise in pollution levels and population surge in urban regions. Furthermore, rise in the trend of online mode of car booking, consumers are adopting car rental services as cars have emerged as one of the fastest and cheapest mode of transportation.

Market Dynamics

The global car rental market has witnessed significant growth in recent past years, owing to the rising demand for car rental services owing to rising tourism activities and budget for tourism coupled with increasing disposable income of people in emerging economies. This scenario is expected to provide lucrative growth to the global car rental market over the forecast period.

Major players in the global car rental market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end applications such as outstation, intercity, airport service and others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of global car rental market size (US$ Billion and Million Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global car rental market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study Enterprise Holdings, The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, Al Futtaim Group, Localiza - Rent a Car, Eco Rent a Car, and GlobalCARS
• Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Category up-gradation, market expansion, and marketing tactics
• The global car rental market report caters to various stakeholders in this industry including investors, suppliers, global car rental manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global car rental market

Detailed Segmentation:

Global Car Rental Market, By Category:

• Intercity/Local Usage
• On-Airport
• Intra-City/Outstation
• Others

Global Car Rental Market, By Car Type:

• Luxury Cars
• Executive Cars
• Economy Cars
• SUV's
• MUV's

Global Car Rental Market, By Region:

• North America
• By Country
• U.S.
• Canada
• Latin America
• By Country
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• By Country
• GCC
• Israel
• Rest of Middle East
• Africa
• By Country/Region
• South Africa
• Central Africa
• North Africa

Company Profiles

• The Hertz Corporation*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Avis Budget Group
• Enterprise Holdings
• Europcar Group
• Carzonrent
• Sixt SE
• Al Futtaim Group
• Localiza - Rent a Car
• Eco Rent a Car
• GlobalCARS

“*” marked represents similar segmentation in other categories in the respective