Market Overview

The Global Car Rental Market was valued at USD 129,372.2 million in 2023 and is expected to reach USD 302,467.9 million by 2031 while growing at a CAGR of 11.2% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global car rental market growth. Car rental involves temporarily leasing a vehicle from a rental company, enabling individuals or businesses to access a vehicle for a specific duration, usually ranging from a few hours to several days, in exchange for a rental fee. These companies maintain a fleet of vehicles for customers to select based on their preferences and needs.

Increasing integration of advanced technologies and urbanization, coupled with rising traffic congestion in major cities, propels the growth of the car rental market. Nonetheless, challenges like high operational costs and growing environmental awareness, along with concerns about carbon emissions, could impede market expansion.

Furthermore, the global car rental industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Vehicle Type Analysis

The Global Car Rental Market is segmented among Luxury cars, Executive cars, Economy cars, SUVs, and MUVs, based on Vehicle Type. In 2023, Economy cars accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Car Rental Market is segmented among Local usage, Airport transport, Outstation, and Others, based on Application. In 2023, Airport transport accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Car Rental Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are AVR Qatar, Inc., Avis Budget Group, Inc., Carzonrent India Pvt. Ltd., Eco Rent A Car, Enterprise Holdings, Inc., Europcar, Localiza, The Hertz Corporation, Bandago Van Rental, and SIXT.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Car Rental Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Car Rental Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Car Rental Market Segmentation, By Vehicle Type

• Global Car Rental Market Share Analysis, By Vehicle Type

• Global Car Rental Market Growth Analysis, By Vehicle Type

• Global Car Rental Market Trends, By Vehicle Type

o Luxury cars

o Executive cars

o Economy cars

o SUVs

o MUVs

6. Global Car Rental Market Segmentation, By Application

• Global Car Rental Market Share Analysis, By Application

• Global Car Rental Market Growth Analysis, By Application

• Global Car Rental Market Trends, By Application

o Local usage

o Airport transport

o Outstation

o Others

7. Global Car Rental Market Segmentation, By Region

• Global Car Rental Market Share Analysis, By Region

• Global Car Rental Market Growth Analysis, By Region

• Global Car Rental Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• AVR Qatar, Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Avis Budget Group, Inc.

• Carzonrent India Pvt. Ltd.

• Eco Rent A Car

• Enterprise Holdings, Inc.

• Europcar

• Localiza

• The Hertz Corporation

• Bandago Van Rental

• SIXT

*Similar analysis will be provided for each company listed above.