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Car Rental Market
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
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Car Rental Market
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 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.
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Car Rental Market
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.
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Car Rental Market
Major Companies:
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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)
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Car Rental Market
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