Global Car Rental Market (2021-2026)


Dublin, July 5, 2021 (GLOBE NEWSWIRE) – The “Car Rental Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026” the report was added to offer.

The global car rental market reached a value of US $ 93.7 billion in 2020. In the future, the publisher expects the market to reach a value of US $ 144.7 billion. by 2026, growing at a CAGR of 7.2% in 2021-2026. Bearing in mind the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major contributor to the market.

Car rental refers to the ability to rent automobiles temporarily for a predefined period through online or offline channels. Car rental services are primarily intended to serve travelers and individuals who do not own private vehicles. Car rental is seen as a more cost effective alternative to vehicle ownership, as it provides freedom of movement, low cost travel, and avoids high cost of ownership. The service providers also offer various other products, such as auto damage repair, insurance compensation policies, entertainment systems, global positioning systems (GPS) and Wi-Fi networks, for provide increased comfort to users.

Global Car Rental Market Trends and Drivers:

The significant growth of the travel and tourism industry across the globe is one of the key factors in the growth of the car rental industry. In addition, the increase in the urban population with an increasing tendency for adventure and travel is also driving the growth of the market. With this in mind, individuals are adopting car rental services in the form of taxis and carpooling for increased mobility and economical travel.

The implementation of favorable government policies, as well as the growing awareness of environmental conservation, acts as another growth factor. Governments in developed and emerging economies are emphasizing reducing vehicle 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 apps, along with the increasing spending capabilities of the masses, are expected to further boost the market.

Key market segmentation:

The publisher provides key trend analysis within each sub-segment of the global car rental market along with growth forecast at the global, regional, and country level from 2021 to 2026. Our report has categorized the market on the basis of type reservation, rental period, vehicle type, application, end user and region.

Breakdown by type of reservation:

  • Offline booking
  • Online booking

Breakdown by rental period:

Breakdown by vehicle type:

  • Luxury
  • Executive
  • Economy
  • SUV
  • Others

Breakdown by application:

Breakdown by end user:

  • Autonomous
  • Driver

Breakdown by region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive landscape:

The global car rental industry is highly fragmented with the presence of several large and small players. Some of the major market players are:

  • Avis Budget Group, Inc.
  • Carzonrent India Private Limited
  • Eco rent a car
  • Sixt SE
  • Location
  • Company Holdings, Inc.
  • Enterprise Rent-A-Car
  • Europcar
  • The Hertz company

Key questions addressed in this report:

  • How has the global car rental market performed so far and how will it perform in the years to come?
  • What are the main regional markets?
  • What has been the impact of COVID-19 on the global car rental market?
  • What is the distribution of the market according to the reservation?
  • What is the distribution of the market according to the rental period?
  • What is the distribution of the market according to the type of vehicle?
  • What is the market split depending on the application?
  • What is the distribution of the market according to the end user?
  • What are the different stages of the industry value chain?
  • What are the main driving factors and challenges in the market?
  • What is the structure of the global car rental market and who are the major players?
  • How competitive is the market?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Car Rental Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market breakdown by reservation
6.1 Offline booking
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Online booking
6.2.1 Market trends
6.2.2 Market Forecast

7 Market breakdown by rental period
7.1 Short term
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Long term
7.2.1 Market trends
7.2.2 Market Forecast

8 Market breakdown by type of vehicle
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 SUV
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 breakdown 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 breakdown by end user
10.1 Autonomous
10.1.1 Market trends
10.1.2 Market Forecast
10.2 Driving by driver
10.2.1 Market trends
10.2.2 Market Forecast

11 Market breakdown by region

12 SWOT Analysis

13 Value chain analysis

14 Porters Five Forces Analysis

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. Company presentation Product portfolio Finances SWOT Analysis
16.3.2 Carzonrent India Private Limited Company presentation Product portfolio
16.3.3 Eco renting a car Company overview Product portfolio
16.3.4 Enterprise Holdings, Inc. Company overview Product portfolio SWOT Analysis
16.3.5 Enterprise Rent-A-Car Company overview Product portfolio Finances
16.3.6 Europcar Company overview Product portfolio Finances
16.3.7 Location Company overview Product portfolio Finances
16.3.8 Sixt SE Company overview Product portfolio Finances
16.3.9 The Hertz company Company overview Product portfolio

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Pamela W. Robbins