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Car Rental Market Size, Share, Trends and Analysis by Customer Type, Rental Location, Rental Sales by Channel, Fleet Size, Rental Occasion and Days, Average Revenue Per Day and Rental Length, Utilization Rate, Region and Segment Forecast, 2023-2026

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    Report

  • 186 Pages
  • March 2023
  • Region: Global
  • GlobalData
  • ID: 5793648
The car rental market size was valued at $82.1 billion in 2022. The market is expected to grow at a CAGR of 10.6% during 2023-2026. The study provides an executive-level overview of the current car rental market worldwide, with detailed forecasts of key indicators up to 2026.

This market intelligence report offers a thorough, forward-looking analysis of the global car rental market by customer type (business, leisure) & rental location (airport, non-airport), rental sales by channel (online, offline), region, and key drivers in a concise format to help executives build proactive and profitable growth strategies.

Key Highlights

The global car rental market size was valued at $82.1 billion in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.6% during 2023-2026. The tourism industry has been a major contributor to the growth of the car rental market. The car rental market has been experiencing an increasing demand for rental cars due to the rise in international and domestic travel. With the increase in travel, people are looking for more flexible transportation options, and rental cars provide a convenient solution.

Scope

  • This report provides overview and service addressable market for car rental market
  • It identifies the key trends impacting growth of the car rental market over the next 12 to 24 months
  • It includes global market forecasts for the car rental market and analysis of M&A deals, VF/PE deals, patents, and hiring trends
  • It contains details of M&A deals in the car rental space and a timeline highlighting milestones in the development of car rental market
  • The detailed value chain consists of six layers: Vehicle/Fleet Acquisition, Vehicle/Fleet Maintenance & Management, Sales and Marketing, Reservations/Bookings, Vehicle Pick-up and Drop-off, and Financial Management

Reasons to Buy

  • This market intelligence report offers a thorough, forward-looking analysis of the global car rental market by customer type (business, leisure) & rental location (airport, non-airport), rental sales by channel (online, offline), region, and key drivers in a concise format to help executives build proactive and profitable growth strategies
  • Accompanying the publisher's forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in the car rental market
  • The report also covers key insights on fleet size, rental occasion and days, average revenue per day and rental length, and utilization rates related to the car rental market
  • With more than 100 charts and tables, the report is designed for an executive-level audience, enhancing presentation quality
  • The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in car rental market
  • The broad perspective of the report coupled with comprehensive, actionable detail will help automotive stakeholders, car rental providers, and other intermediaries succeed in growing the car rental market globally.

Table of Contents

01. Executive Summary
02. Research Scope & Segmentation
2.1 Car Rental: Market Segmentation and Scope
2.2 Car Rental: Market & Segment Definitions
03. Market Overview & Industry Analysis
3.1 Market Overview
3.2 Customer Journey Overview in the Car Rental Ecosystem
3.3 Industry Value Chain Analysis
3.4 Industry Value Chain Analysis: Leaders & Disruptors
3.5 Market Drivers
3.6 Market Challenges
3.7 Macro Impact Assessment
04. Dashboard Analytics
4.1 Mergers & Acquisitions (M&A), 2018-2022
4.2 Venture Financing/Private Equity Analysis, 2018-2022
4.3 Patent Activity Analysis, 2020-2022
4.4 Social Media Analytics, 2018-2022
4.5 Job Analytics, Q1 2022-Q4 2022
05. Global Car Rental Revenue Opportunity & Forecast
5.1 Global Car Rental Market Size & Forecasts, 2018-2026 ($B)
5.2 Global Car Rental Market Snapshot
5.3 Global Car Rental Revenue Opportunity by Customer Type & Rental Location, 2018-2026 ($B)
5.4 Global Car Rental Market Estimates & Forecasts by Rental Sales By Channel, 2018-2026 ($B)
5.5 Global Car Rental Market Estimates & Forecasts by Region, 2018-2026 ($B)
5.6 Global Car Rental - Insights
06. Revenue Opportunity & Forecasts By Region
6.1 Regional Overview & Analysis, 2018-2026 ($B)
6.2 North America Car Rental Market - Overview
6.2.1 North America Car Rental Market - Country Snapshot
6.2.2 North America Car Rental Market Size & Forecasts by Customer Type & Rental Location ($B), 2018-2026
6.2.3 North America Car Rental Market Size & Forecasts by Customer Type & Rental Location ($B), 2018-2026
6.2.4 North America Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.2.5 North America Car Rental - Insights
6.2.4.1 US Car Rental Market - Overview
6.2.4.2 US Car Rental Market - Customer Type & Rental Location
6.2.4.3 US Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.2.4.4 Canada Car Rental Market - Overview
6.2.4.5 Canada Car Rental Market - Customer Type & Rental Location
6.2.4.6 Canada Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.2.4.7 Mexico Car Rental Market - Overview
6.2.4.8 Mexico Car Rental Market - Customer Type & Rental Location
6.2.4.9 Mexico Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.3 Europe Car Rental Market - Overview
6.3.1 Europe Car Rental Market - Country Snapshot
6.3.2 Europe Car Rental Market - Customer Type & Rental Location
6.3.3 Europe Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.3.4 Europe Car Rental - Insights
6.3.4.1 UK Car Rental Market - Overview
6.3.4.2 UK Car Rental Market - Customer Type & Rental Location
6.3.4.3 UK Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.3.4.4 Germany Car Rental Market - Overview
6.3.4.5 Germany Car Rental Market - Customer Type & Rental Location
6.3.4.6 Germany Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.3.4.7 France Car Rental Market - Overview
6.3.4.8 France Car Rental Market - Customer Type & Rental Location
6.3.4.9 France Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.3.4.10 Spain Car Rental Market - Overview
6.3.4.11 Spain Car Rental Market - Customer Type & Rental Location
6.3.4.12 Spain Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.3.4.13 Italy Car Rental Market - Overview
6.3.4.14 Italy Car Rental Market - Customer Type & Rental Location
6.3.4.15 Italy Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.3.4.16 Rest of Europe Car Rental Market - Overview
6.3.4.17 Rest of Europe Car Rental Market - Customer Type & Rental Location
6.3.4.18 Rest of Europe Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.4 Asia-Pacific Car Rental Market - Overview
6.4.1 Asia-Pacific Car Rental Market - Country Snapshot
6.4.2 Asia-Pacific Car Rental Market - Customer Type & Rental Location
6.4.3 Asia-Pacific Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.4.4 Asia-Pacific Car Rental - Insights
6.4.4.1 China Car Rental Market - Overview
6.4.4.2 China Car Rental Market - Customer Type & Rental Location
6.4.4.3 China Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.4.4.4 Japan Car Rental Market - Overview
6.4.4.5 Japan Car Rental Market - Customer Type & Rental Location
6.4.4.6 Japan Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.4.4.7 South Korea Car Rental Market - Overview
6.4.4.8 South Korea Car Rental Market - Customer Type & Rental Location
6.4.4.9 South Korea Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.4.4.10 Australia Car Rental Market - Overview
6.4.4.11 Australia Car Rental Market - Customer Type & Rental Location
6.4.4.12 Australia Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.4.4.13 Indonesia Car Rental Market - Overview
6.4.4.14 Indonesia Car Rental Market - Customer Type & Rental Location
6.4.4.15 Indonesia Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.4.4.16 Rest of Asia-Pacific Car Rental Market - Overview
6.4.4.17 Rest of Asia-Pacific Car Rental Market - Customer Type & Rental Location
6.4.4.18 Rest of Asia-Pacific Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.5 South & Central America Car Rental Market - Overview
6.5.1 South & Central America Car Rental Market - Country Snapshot
6.5.2 South & Central America Car Rental Market - Customer Type & Rental Location
6.5.3 South & Central America Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.5.4 South & Central America Car Rental - Insights
6.5.4.1 Brazil Car Rental Market - Overview
6.5.4.2 Brazil Car Rental Market - Customer Type & Rental Location
6.5.4.3 Brazil Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.5.4.4 Argentina Car Rental Market - Overview
6.5.4.5 Argentina Car Rental Market - Customer Type & Rental Location
6.5.4.6 Argentina Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.5.4.7 Chile Car Rental Market - Overview
6.5.4.8 Chile Car Rental Market - Customer Type & Rental Location
6.5.4.9 Chile Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.5.4.10 Colombia Car Rental Market - Overview
6.5.4.11 Colombia Car Rental Market - Customer Type & Rental Location
6.5.4.12 Colombia Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.5.4.13 Peru Car Rental Market - Overview
6.5.4.14 Peru Car Rental Market - Customer Type & Rental Location
6.5.4.15 Peru Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.5.4.16 Rest of South & Central America Car Rental Market - Overview
6.5.4.17 Rest of South & Central America Car Rental Market - Customer Type & Rental Location
6.5.4.18 Rest of South & Central America Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.6 Middle East & Africa Car Rental Market - Overview
6.6.1 Middle East & Africa Car Rental Market - Country Snapshot
6.6.2 Middle East & Africa Car Rental Market - Customer Type & Rental Location
6.6.3 Middle East & Africa Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.6.4 Middle East & Africa Car Rental - Insights
6.6.4.1 UAE Car Rental Market - Overview
6.6.4.2 UAE Car Rental Market - Customer Type & Rental Location
6.6.4.3 UAE Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.6.4.4 South Africa Car Rental Market - Overview
6.6.4.5 South Africa Car Rental Market - Customer Type & Rental Location
6.6.4.6 South Africa Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.6.4.7 Saudi Arabia Car Rental Market - Overview
6.6.4.8 Saudi Arabia Car Rental Market - Customer Type & Rental Location
6.6.4.9 Saudi Arabia Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.6.4.10 Morocco Car Rental Market - Overview
6.6.4.11 Morocco Car Rental Market - Customer Type & Rental Location
6.6.4.12 Morocco Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.6.4.13 Egypt Car Rental Market - Overview
6.6.4.14 Egypt Car Rental Market - Customer Type & Rental Location
6.6.4.15 Egypt Car Rental Market Estimates & Forecasts - Rental Sales By Channel
6.6.4.16 Rest of Middle East & Africa Car Rental Market - Overview
6.6.4.17 Rest of Middle East & Africa Car Rental Market - Customer Type & Rental Location
6.6.4.18 Rest of Middle East & Africa Car Rental Market Estimates & Forecasts - Rental Sales By Channel
07. Competitive Landscape
7.1 Car Rental Vendor Competitive Landscape
7.2 Top M&A Deals in Car Rental Market
7.3 Top Venture Financing/Private Equity Investors in Car Rental Market
7.4 Company Profile: Hertz Global Holdings, Inc.
7.5 Company Profile: Enterprise Holdings Inc
7.6 Company Profile: Avis Budget Group Inc
7.7 Company Profile: Sixt SE
7.8 Company Profile: Europcar Mobility Group
7.9 Company Profile: Localiza Rent A Car SA
7.10 Company Profile: Tourism Holdings Ltd
7.11 Company Profile: ALD SA
7.12 Company Profile: SK Rent A
7.13 Company Profile: Car Co Ltd
7.14 Company Profile: Autohellas S.A.
08. Research Methodology
8.1 Research Methodology Steps
8.1.1 Market Study
8.1.2 Research
8.1.3 Analysis
8.1.4 Quality Control
List of Tables
Table 1: Global Car Rental Market Revenue, by Customer Type & Rental Location ($M), 2018-2026
Table 2: Global Car Rental Market Revenue by Rental Sales By Channel, 2018 - 2026 ($M)
Table 3: How To Read - Vendor Performance Quadrant
Table 4: Top 10 M&A transactions, 2022
Table 5: Leading VF/PE Investors in Car Rental theme in the year 2022
List of Figureures
Figure 1: Top three Car Rental Country Markets, 2022 vs 2026
Figure 2: Car Rental Market - Segmentation
Figure 3: Deal Volume: Global Car Rental M&A Deals, 2018-2022
Figure 4: Deal Value: Global Car Rental M&A Deals ($M), 2018-2022
Figure 5: Geographical Distribution: Car Rental Deals (volume in %), 2022
Figure 6: Geographical Distribution: Car Rental Deals (value in $M), 2022
Figure 7: Deal Volume: Global Car Rental VF/PE Deals, 2018-2022
Figure 8: Deal Value: Global Car Rental VF/PE Deals ($M), 2018-2022
Figure 9: Geographical Distribution: Car Rental VF/PE Deals (volume in %), 2022
Figure 10: Geographical Distribution: Car Rental VF/PE Deals (value in $M), 2022
Figure 11: Global Filing/Grant Trends in Car Rental, 2020-2022
Figure 12: Car Rental Patents: Global Trending Sectors by Total Publications, 2022
Figure 18: Geographical Distribution: Car Rental Patents across all Sectors (%), 2022
Figure 19: Top Patent Assignee for Car Rental by Total Publications, 2022
Figure 20: Geographical Distribution: Car Rental Patents across all Sectors by Total Publications, 2022
Figure 21: Total Number of Social Media Posts on Car Rental, 2018-2022
Figure 22: Top Hashtags Mentions by Themes, 2022
Figure 23: Geographies Mentioned with Car Rental on Social Media, 2022
Figure 24: Geographies Mentioned with Car Rental on Social Media (number of posts), 2022
Figure 25: Top Influencers of Car Rental on Social Media
Figure 26: Active Jobs: Car Rental Jobs in all Sectors, 2022
Figure 27: Geographical Distribution: Car Rental Jobs in all Sectors (No. of Active Jobs), 2022
Figure 28: Geographical Distribution: Car Rental Jobs in all Sectors, 2022
Figure 30: Global Car Rental Key Companies, 2022
Figure 31: Global Car Rental Share, by Top Five Countries, 2018-2026 (%)
Figure 32: Global Car Rental Top Three Regions, 2018-2026
Figure 33: Global Car Rental Market Size & Forecasts by Customer Type & Rental Location ($B), 2018-2026
Figure 34: Global Car Rental Market Estimates by Rental Sales By Channel ($B) & CAGR (%)
Figure 35: Global Car Rental Market Estimates by Rental Sales By Online Channel ($B) & CAGR (%)
Figure 36: Global Car Rental Market Estimates ($B) & CAGR (%), By Region (2022 vs 2026)
Figure 37: Rental Car Fleet Size, 2018-2026 (in Million of Cars)
Figure 38: Average Revenue per Day, 2018-2026 (in $)
Figure 39: Average Rental Length, 2018-2026 (in Days)
Figure 40: Number of Rental Days, 2018-2026 (in Million Days)
Figure 41: Number of Rental Occasions, 2018-2026 (in Millions)
Figure 42: Utilization Rate, 2018-2026 (in %)
Figure 43: Car Rental Regional Overview, 2022 & 2026 ($B)
Figure 44: North America Car Rental Market, 2018-2026 ($B)
Figure 46: North America Car Rental Market Share By Country, 2022 vs 2026 (%)
Figure 47: North America Car Rental Market Size & Forecasts by Customer Type & Rental Location ($B), 2018-2026
Figure 48: North America Car Rental Market Estimates by Rental Sales By Channel ($B) & CAGR (%)
Figure 49: North America Car Rental Market Estimates by Rental Sales By Online Channel ($B) & CAGR (%)
Figure 50: Rental Car Fleet Size, 2018-2026 (in Thousands of Cars)
Figure 51: North America Car Rental Market Average Revenue per Day, 2018-2026 (in $)
Figure 52: North America Car Rental Market Average Rental Length, 2018-2026 (in Days)
Figure 53: North America Car Rental Market Number of Rental Days, 2018-2026 (in Million Days)
Figure 54: North America Car Rental Market Number of Rental Occasions, 2018-2026 (in Millions)
Figure 55: North America Car Rental Market Utilization Rate, 2018-2026 (in %)
Figure 56: US Car Rental Market, 2018-2026 ($M)
Figure 57: US Car Rental Market Size & Forecasts by Customer Type & Rental Location ($M), 2018-2026
Figure 58: US Car Rental Market Estimates by Rental Sales By Channel ($M) & CAGR (%)
Figure 59: US Car Rental Market Estimates by Rental Sales By Online Channel ($M) & CAGR (%)
Figure 60: Canada Car Rental Market, 2018-2026 ($M)
Figure 61: Canada Car Rental Market Size & Forecasts by Customer Type & Rental Location ($M), 2018-2026
Figure 62: Canada Car Rental Market Estimates by Rental Sales By Channel ($M) & CAGR (%)
Figure 63: Canada Car Rental Market Estimates by Rental Sales By Online Channel ($M) & CAGR (%)
Figure 64: Mexico Car Rental Market, 2018-2026 ($M)
Figure 65: Mexico Car Rental Market Size & Forecasts by Customer Type & Rental Location ($M), 2018-2026
Figure 66: Mexico Car Rental Market Estimates by Rental Sales By Channel ($M) & CAGR (%)
Figure 67: Mexico Car Rental Market Estimates by Rental Sales By Online Channel ($M) & CAGR (%)
Figure 68: Europe Car Rental Market, 2018-2026 ($B)
Figure 69: Europe - Key Countries Market CAGR (2023-2026)
Figure 70: Europe Car Rental Market Share By Country, 2022 vs 2026 (%)
Figure 71: Europe Car Rental Market Size & Forecasts by Customer Type & Rental Location ($B), 2018-2026
Figure 72: Europe Car Rental Market Estimates by Rental Sales By Channel ($B) & CAGR (%)
Figure 73: Europe Car Rental Market Estimates by Rental Sales By Online Channel ($B) & CAGR (%)
Figure 74: Europe Car Rental Market Rental Car Fleet Size, 2018-2026 (in Thousands of Cars)
Figure 75: Europe Car Rental Market Average Revenue per Day, 2018-2026 (in $)
Figure 76: Europe Car Rental Market Average Rental Length, 2018-2026 (in Days)
Figure 77: Europe Car Rental Market Number of Rental Days, 2018-2026 (in Million Days)
Figure 78: Europe Car Rental Market Number of Rental Occasions, 2018-2026 (in Millions)
Figure 79: Europe Car Rental Market Utilization Rate, 2018-2026 (in %)
Figure 80: UK Car Rental Market, 2018-2026 ($M)
Figure 81: UK Car Rental Market Size & Forecasts by Customer Type & Rental Location ($M), 2018-2026
Figure 82: UK Car Rental Market Estimates by Rental Sales By Channel ($M) & CAGR (%)
Figure 83: UK Car Rental Market Estimates by Rental Sales By Online Channel ($M) & CAGR (%)
Figure 84: Germany Car Rental Market, 2018-2026 ($M)
Figure 85: Germany Car Rental Market Size & Forecasts by Customer Type & Rental Location ($M), 2018-2026
Figure 86: Germany Car Rental Market Estimates by Rental Sales By Channel ($M) & CAGR (%)
Figure 87: Germany Car Rental Market Estimates by Rental Sales By Online Channel ($M) & CAGR (%)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Enterprise Holdings Inc
  • Avis Budget Group Inc
  • Hertz Global Holdings Inc
  • Sixt SE
  • Europcar Mobility Group SA
  • Localiza Rent A Car SA
  • Tourism Holdings Ltd
  • SK Rent A Car Co Ltd
  • ALD SA
  • Autohellas S.A.