Car Rental in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Car rental refers to the short-term hiring of a motor vehicle from one party to another, typically excluding taxis. Our market scope includes only self-driven, short term (i.e., less than 1 year) car rental data. It excludes leasing or rental of cars for more than one year and the chauffeur driven cars/cabs.
- The Asia-Pacific car rental market recorded revenues of $10.64 billion in 2023, representing a negative compound annual growth rate (CAGR) of 6.9% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 0.2% between 2018 and 2023, to reach a total of 15,38,701 car fleet in 2023.
- In 2023, the Asia-Pacific car rental market experienced strong growth, driven by key macroeconomic factors, including rising GDP. For instance, India’s real GDP growth rate reached 6.4% in 2023, according to the Ministry of Statistics and Program Implementation (MOSPI).
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in Asia-Pacific
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific car rental market with five year forecasts
Reasons to Buy
- What was the size of the Asia-Pacific car rental market by value in 2023?
- What will be the size of the Asia-Pacific car rental market in 2028?
- What factors are affecting the strength of competition in the Asia-Pacific car rental market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's car rental market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hertz Global Holdings Inc
- Avis Budget Group Inc
- CAR Inc
- Europcar Mobility Group SA
