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Car Rental Market by Application (Leisure and Commercial), Rental Category (On Airport and Off airport), and Vehicle Type (Luxury car, Executive car, Economical car, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV)): Global Opportunity Analysis and Industry Forecast, 2020–2027

A01743
Pages: 252
Apr 2020 | 35815 Views
 
Author(s) : Lalit Katare , Sonia Mutreja
Tables: 95
Charts: 57
 

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Car Rental Market Statistics - 2027

The global car rental market size was valued at $92.92 billion in 2019 and is projected to reach $214.04 billion by 2027, registering a CAGR of 10.7% from 2020 to 2027. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the forecast period. 

car-rental-Market-2020-2027

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Car rental or car hire agencies are agencies that rent automobiles for a short period of time at certain cost. This service is often organized with many local branches, which are generally located near airports or busy areas in the city and are complemented by a website to allow online reservations. With growth in pollution levels and population, the car rental industry has experienced a drastic transformation over the past few years, becoming one of the most prominent industries in fleet transportation. Manufacturers and consumers rely on various car rental schemes that are cost-effective, such as leasing cars from their owners for a period of three years and then putting these cars on rent through app-based bookings. In addition, car rentals majorly help curb the pollution level by reducing volumetric sales of owned vehicles. Moreover, with an increase in air traffic and growth in the trend of online car booking, car rentals are the preferred options for travel, as cars are the most economical and faster modes of transportation. These advantages promote growth of the car rental industry at an exponential rate.

Factors such as rise in trend of on-demand transportation services and low rate of car ownership among millennials drive growth of the car rental market. However, low rate of internet penetration in developing regions hampers the market growth. Further, adoption of car rental management software is anticipated to provide lucrative growth opportunities for the players operating in the car rental market.

The global car rental market is segmented on the basis of application, rental category, vehicle type, and region. By application, it is classified into leisure and commercial. By rental category, it is divided into on-airport and off airport. On the basis of vehicle type, it is categorized into luxury car, executive car, economical car, sports utility vehicle (SUV), and multi utility vehicle (MUV). Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Car Rental Market
By Application

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Commercial segment is projected as the most lucrative segments

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Key player profiled in the report includes Avis Budget Group, Inc, EuropeCar, Enterprise Holdings, Inc., Hertz System, Inc., Localiza, Sixt, Carzonrent India Pvt Ltd., Eco Rent a Car, ANI Technologies Pvt. Ltd., and others.

Rise intrend of on-demand transportation services

On demand services include taxis, passenger vehicles, and charter vehicles with flexibility and other features such as real time feedback, tracking of vehicles, and rating to end customers. The availability of cars and comparison of fare with the correspondent car rental companies is facilitated by numerous mobile applications. For instance, in August 2017,Migo, a Seattle-based search engine for on-demand ride services launched a mobile application that allows users to compare locations and prices of nearby taxi, car-sharing, and ride-hailing companies all in one app. Moreover, such car rental services allow customers to make use of numerous functions. Thus, rise in trend of on-demand transportation services is driving the growth of car rental market.

Car Rental Market
By Rental category

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On airport segment is projected as the most lucrative segments

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Low rate of car ownership among millennials

There is a lower rate of car ownership of among millennials owing to high cost of maintenance cost of personnel car .In addition, advantages of millennial are inclined towards car rental owing to its advantages such as cost cutting and fuel economy. Rise in demand for ride hailing services and facilities such as car rental, car sharing, and station-based mobility have reduced private car ownership by 80% in developed countries. For instance, the number of passenger vehicles on American roads is expected to reduce from $247 million to $44 million in 2030, owing to increase in use of electric ride share services. Furthermore, buying a new car and maintaining it is costlier than renting a vehicle on a yearly basis. Thus, gradual penetration of such car ownership (4% in developing countries) per year is estimated to fuel its demand across the globe in the coming years. Hence, lower rate of car ownership among millennials drives the growth of car rental market.

Car Rental Market
By Vehicle type

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Sports utility vehicle (SUV) segment is projected as the most lucrative segments

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Low rate of internet penetration in developing regions

Generally, car rental and ride hailing services require three parties for their operation i.e. drivers, riders, and service providers. All the process such as matching rider with drivers, fare estimation & calculation, ride payment, and reputation management are done by using smartphones with mandatory internet connectivity. Some countries such as Eritrea, Burundi, Chad, and Somalia have low penetration of internet that threatens the growth of the ride hailing market in such regions. A ride driver must have a GPS equipped smartphone that have active internet connection to identify the exact pickup and drop location of customers. Therefore, such low penetration of internet in some regions hampers the car rental market globally.

Car Rental Market
By region

2027
North America 
Europe
Asia-pacific
Lamea

LAMEA region segment is projected as the most lucrative segments

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Adoption of car rental management software

The car rental market is growing rapidly on a global level. Many leading players have already entered the market and acquired remarkable position in the market, however there is still scope for other players. All the players operating in the market are taking initiatives to provide better offers and services to get more bookings, by improving their operations and adopting new automated technologies. In addition, to provide better services and automate their business, car rental players are using car rental management software. The car rental management software minimizes the task of management and boosts the efficiency of operation. Further, management software also provides features such as fleet optimizations, advanced pricing management, and custom reports, which, in turn, helps car rental companies to grow their business. Thus, adoption of car rental management software holds a remarkable growth opportunity for the car rental market players for market expansion. 

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global car rental market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall car rental market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global car rental market with a detailed impact analysis.
  • The current car rental market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.


Key Market Segments

By Application

  • Leisure
  • Commercial

By Rental category

  • On airport
  • Off airport

By Car type

  • Luxury car
  • Executive car
  • Economical car
  • Sports utility vehicle (SUV)
  • Multi utility vehicle (MUV)

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Avis Budget Group
  • Europcar
  • Enterprise Holdings Inc.
  • Hertz System, Inc.
  • Localiza
  • SIXT
  • Uber Technologies, Inc.
  • Carzonrent India Pvt Ltd.
  • Eco Rent a Car
  • ANI Technologies Pvt. Ltd. (OLA TAXI’S)
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis (2019)
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increasing trend of on-demand transportation services.
3.5.1.2.Low rate of car ownership among millennials.

3.5.2.Restraint

3.5.2.1.Low rate of internet penetration in developing regions

3.5.3.Opportunities

3.5.3.1.Adoption of car rental management software

CHAPTER 4:CAR RENTAL MARKET, BY APPLICATION

4.1.Overview
4.2.Leisure

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country

4.3.Commercial

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country

CHAPTER 5:CAR RENTAL MARKET, BY RENTAL CATEGORY

5.1.Overview
5.2.On-airport

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.Off airport

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

CHAPTER 6:CAR RENTAL MARKET, BY CAR TYPE

6.1.Overview
6.2.Luxury car

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.Executive car

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

6.4.Economical car

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country

6.5.Sports utility vehicle (SUV)

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis by country

6.6.Multi utility vehicle (MUV)

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis by country

CHAPTER 7:CAR RENTAL MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by application
7.2.3.Market size and forecast, by rental category
7.2.4.Market size and forecast, by car type
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by application
7.2.5.1.2.Market size and forecast, by rental category
7.2.5.1.3.Market size and forecast, by car type

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by application
7.2.5.2.2.Market size and forecast, by rental category
7.2.5.2.3.Market size and forecast, by car type

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by application
7.2.5.3.2.Market size and forecast, by rental category
7.2.5.3.3.Market size and forecast, by car type

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by application
7.3.3.Market size and forecast, by rental category
7.3.4.Market size and forecast, by car type
7.3.5.Market analysis by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast, by application
7.3.5.1.2.Market size and forecast, by rental category
7.3.5.1.3.Market size and forecast, by car type

7.3.5.2.Germany

7.3.5.2.1.Market size and forecast, by application
7.3.5.2.2.Market size and forecast, by rental category
7.3.5.2.3.Market size and forecast, by car type

7.3.5.3.Spain

7.3.5.3.1.Market size and forecast, by application
7.3.5.3.2.Market size and forecast, by rental category
7.3.5.3.3.Market size and forecast, by car type

7.3.5.4.France

7.3.5.4.1.Market size and forecast, by application
7.3.5.4.2.Market size and forecast, by rental category
7.3.5.4.3.Market size and forecast, by car type

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by application
7.3.5.5.2.Market size and forecast, by rental category
7.3.5.5.3.Market size and forecast, by car type

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by application
7.4.3.Market size and forecast, by rental category
7.4.4.Market size and forecast, by car type
7.4.5.Market analysis by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by application
7.4.5.1.2.Market size and forecast, by rental category
7.4.5.1.3.Market size and forecast, by car type

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by application
7.4.5.2.2.Market size and forecast, by rental category
7.4.5.2.3.Market size and forecast, by car type

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by application
7.4.5.3.2.Market size and forecast, by rental category
7.4.5.3.3.Market size and forecast, by car type

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by application
7.4.5.4.2.Market size and forecast, by rental category
7.4.5.4.3.Market size and forecast, by car type

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by application
7.4.5.5.2.Market size and forecast, by rental category
7.4.5.5.3.Market size and forecast, by car type

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by application
7.5.3.Market size and forecast, by rental category
7.5.4.Market size and forecast, by car type
7.5.5.Market analysis by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by application
7.5.5.1.2.Market size and forecast, by Rental Category
7.5.5.1.3.Market size and forecast, by car type

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by application
7.5.5.2.2.Market size and forecast, by rental category
7.5.5.2.3.Market size and forecast, by car type

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by application
7.5.5.3.2.Market size and forecast, by rental category
7.5.5.3.3.Market size and forecast, by car type

CHAPTER 8:COMPANY PROFILES

8.1.Avis Budget Group

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Business performance
8.1.4.Key strategic moves and developments

8.2.Europcar

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.2.4.Key strategic moves and developments

8.3.Enterprise Holdings Inc.

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Key strategic moves and developments

8.4.Hertz System, Inc.

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Business performance
8.4.5.Key strategic moves and developments

8.5.Localiza

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Business performance

8.6.SIXT

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments

8.7.Uber Technologies, Inc.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Business performance

8.8.Carzonrent India Pvt Ltd.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio

8.9.Eco Rent a Car

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio

8.10.ANI Technologies Pvt. Ltd. (OLA TAXI’S)

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL CAR RENTAL MARKET, BY APPLICATION, 2019-2027($MILLION)
TABLE 02.CAR RENTAL MARKET REVENUE FOR LEISURE, BY REGION 2019-2027 ($MILLION)
TABLE 03.CAR RENTAL MARKET REVENUE FOR COMMERCIAL, BY REGION 2019-2027 ($MILLION)
TABLE 04.GLOBAL CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019-2027($MILLION)
TABLE 05.CAR RENTAL MARKET REVENUE FOR ON-AIRPORT, BY REGION 2019-2027 ($MILLION)
TABLE 06.CAR RENTAL MARKET REVENUE FOR OFF AIRPORT, BY REGION 2019-2027 ($MILLION)
TABLE 07.GLOBAL CAR RENTAL MARKET, BY CAR TYPE, 2019-2027($MILLION)
TABLE 08.CAR RENTAL MARKET REVENUE FOR LUXURY CAR, BY REGION 2019-2027 ($MILLION)
TABLE 09.CAR RENTAL MARKET REVENUE FOR EXECUTIVE CAR, BY REGION 2019-2027 ($MILLION)
TABLE 10.CAR RENTAL MARKET REVENUE FOR ECONOMICAL CAR, BY REGION 2019–2027 ($MILLION)
TABLE 11.CAR RENTAL MARKET REVENUE FOR SPORTS UTILITY VEHICLE (SUV), BY REGION 2019–2027 ($MILLION)
TABLE 12.CAR RENTAL MARKET REVENUE FOR MULTI UTILITY VEHICLE (MUV), BY REGION 2019–2027 ($MILLION)
TABLE 13.NORTH AMERICAN CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 14.NORTH AMERICAN CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 15.NORTH AMERICAN CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 16.U. S. CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 17.U. S. CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 18.U. S. CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 19.CANADA CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 20.CANADA CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 21.CANADA CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 22.MEXICO CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 23.MEXICO CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 24.MEXICO CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 25.EUROPEAN CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 26.EUROPEAN CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 27.EUROPEAN CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 28.UK CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.UK CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 30.UK CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 31.GERMANY CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 32.GERMANY CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 33.GERMANY CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 34.SPAIN CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.SPAIN CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 36.SPAIN CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 37.FRANCE CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.FRANCE CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 39.FRANCE CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 40.REST OF EUROPE CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.REST OF EUROPE CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 42.REST OF EUROPE CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 43.ASIA-PACIFIC CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.ASIA-PACIFIC CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 45.ASIA-PACIFIC CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 46.CHINA CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47.CHINA CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 48.CHINA CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 49.JAPAN CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.JAPAN CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 51.JAPAN CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 52.INDIA CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.INDIA CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 54.INDIA CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 55.SOUTH KOREA CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 56.SOUTH KOREA CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 57.SOUTH KOREA CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 58.REST OF ASIA-PACIFIC CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 59.REST OF ASIA-PACIFIC CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 60.REST OF ASIA-PACIFIC CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 61.LAMEA CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 62.LAMEA CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 63.LAMEA CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 64.LATIN AMERICA CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 65.LATIN AMERICA CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 66.LATIN AMERICA CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 67.MIDDLE EAST CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 68.MIDDLE EAST CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 69.MIDDLE EAST CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 70.AFRICA CAR RENTAL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 71.AFRICA CAR RENTAL MARKET, BY RENTAL CATEGORY, 2019–2027 ($MILLION)
TABLE 72.AFRICA CAR RENTAL MARKET, BY CAR TYPE, 2019–2027 ($MILLION)
TABLE 73.AVIS BUDGET GROUP, INC: COMPANY SNAPSHOT
TABLE 74.AVIS BUDGET GROUP, INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 75.EUROPCAR: COMPANY SNAPSHOT
TABLE 76.EUROPCAR: PRODUCT PORTFOLIO
TABLE 77.EUROPCAR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 78.ENTERPRISE HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 79.ENTERPRISE HOLDINGS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80.HERTZ SYSTEM, INC.: COMPANY SNAPSHOT
TABLE 81.HERTZ SYSTEM, INC.: OPERATING SEGMENTS
TABLE 82.HERTZ SYSTEM, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 83.LOCALIZA: COMPANY SNAPSHOT
TABLE 84.LOCALIZA: OPERATING SEGMENTS
TABLE 85.SIXT: COMPANY SNAPSHOT
TABLE 86.SIXT: OPERATING SEGMENTS
TABLE 87.SIXT: PRODUCT PORTFOLIO
TABLE 88.SIXT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 89.UBER TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 90.CARZONRENT INDIA PVT LTD.: COMPANY SNAPSHOT
TABLE 91.CARZONRENT INDIA PVT LTD.: PRODUCT PORTFOLIO
TABLE 92.ECO RENT A CAR: COMPANY SNAPSHOT
TABLE 93.ECO RENT A CAR: PRODUCT PORTFOLIO
TABLE 94.ANI TECHNOLOGIES PRIVATE LIMITED: COMPANY SNAPSHOT
TABLE 95.ANI TECHNOLOGIES PRIVATE LIMITED: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2014–2018*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2014–2018*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2014–2018*
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS (2019)
FIGURE 15.GLOBAL CAR RENTAL MARKET SHARE, BY APPLICATION, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR LEISURE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR COMMERCIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.GLOBAL CAR RENTAL MARKET SHARE, BY RENTAL CATEGORY, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR ON-AIRPORT, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR OFF AIRPORT, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.GLOBAL CAR RENTAL MARKET SHARE, BY CAR TYPE, 2019–2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR LUXURY CAR, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR EXECUTIVE CAR, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR ECONOMICAL CAR, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR SPORTS UTILITY VEHICLE (SUV), BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET FOR MULTI UTILITY VEHICLE (MUV), BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.CAR RENTAL MARKET, BY REGION, 2019-2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 29.U. S. CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 30.CANADA CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 31.MEXICO CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 33.UK CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 34.GERMANY CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 35.SPAIN CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 36.FRANCE CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 37.REST OF EUROPE CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 38.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 39.CHINA CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 40.JAPAN CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 41.INDIA CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 42.SOUTH KOREA CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 43.REST OF ASIA-PACIFIC CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 44.COMPARATIVE SHARE ANALYSIS OF CAR RENTAL MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 45.LATIN AMERICA CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 46.MIDDLE EAST CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 47.AFRICA CAR RENTAL MARKET, 2019–2027 ($MILLION)
FIGURE 48.AVIS BUDGET GROUP, INC: REVENUE, 2017–2019 ($MILLION)
FIGURE 49.AVIS BUDGET GROUP, INC: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 50.HERTZ SYSTEM, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 51.HERTZ SYSTEM, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 52.HERTZ SYSTEM, INC.: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 53.LOCALIZA: REVENUE, 2016–2018 ($MILLION)
FIGURE 54.LOCALIZA: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 55.SIXT: REVENUE, 2016–2018 ($MILLION)
FIGURE 56.SIXT: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 57.UBER TECHNOLOGIES, INC.: REVENUE, 2017–2019 ($MILLION)

 
 

Car rental market exhibited lucrative growth over past few years. Lack of route flexibility in public transportation and need forgreener environment results in shift of commuters to rental vehicles, which, in turn,propels the market growth and is anticipated to offer growth opportunities for the players operating in the car rental industry.

Factors such as rise intrend of on-demand transportation services and low rate of car ownership among millennials are drivegrowth of the car rental market. However, low rate of internet penetration in developing regions hindersthe market growth. Further, adoption of car rental management software is anticipated to provide lucrative growth opportunities for the players operating in the car rental market.

Among the analyzed regions, North America is expected to account for the highest revenue in the global market throughout the forecast period, followed by Europe, Asia-Pacific, and LAMEA. Moreover, LAMEA is expected to witness the highest growth rate, owing to growth in thetourism industry. 
 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. What is the total market value of car rental report? Based on application, the leisure segment holds share of around 55%, while commercial segment holds a around 45% share in global car rental market.

A. The market is analyzed from the year 2019 to 2027 where 2020-2027 is the forecast period.

A. The global car rental market generated revenue worth $92,920.1 million in 2019 and is projected to reach $214,041.4 million by 2027, to register a CAGR of 10.7 % during the forecast period

A. 2019 is base year calculated in the car rental report

A. The companies that holds a significant share in the global car rental market, are selected in the report.

A. Tthe top companies that holds the market share in car rental market are Avis Budget Group, Inc, EuropeCar, Enterprise Holdings, Inc., Hertz System, Inc., Localiza, Sixt, Carzonrent India Pvt Ltd., Eco Rent a Car, ANI Technologies Pvt. Ltd.

A. Based on rental category, the on airport segment is the most influencing segment growing in the car rental report.

A. Avis Budget Group, Inc, EuropeCar, Enterprise Holdings, Inc., Hertz System, Inc., Localiza, Sixt, Carzonrent India Pvt Ltd., Eco Rent a Car, ANI Technologies Pvt. Ltd., and others are some of the service providers of car rental industry.

 

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