Global Car Rental Market Report By Product (Luxury Cars, Executive Cars, Economy Cars, SUV And MUV), By Application (Airport Transport, Outstation And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026
ID:VMR11210286
January 2020
Report Formats:

The growth of car rental market can be attributed to the expansion and progression of the travel and tourism industry worldwide. Growing GDP, rising income levels of individuals and an increasing number of domestic and foreign tourists are some of the other drivers of the car rental market. Moreover, increasing traveling expenditure, raising awareness regarding car rental service, shifting preferences of people towards leisure and recreation spending along with the rising population of high net worth individual (HNI) are also expected to trigger the market growth.

As per the latest report added by Value Market Research, the Global Car Rental Market was valued USD 79.1 BN (by revenue) in 2018 and is anticipated to reach USD 186.1 BN by 2025 with a CAGR of 13%.
 
ECONOMY CARS DOMINATED THE OVERALL MARKET
Economy cars dominated the segment owing to people opting for the inter-city transport or for a shorter time span are usually preferred economy cars over other vehicle types. Also, they are comparatively cheaper and offer high mileage over others, therefore the growth of this segment is completely driven by the cost-effectiveness of these cars.
 
AIR TRANSPORT SEGMENT EMERGED AS THE HIGHEST REVENUE GENERATING SEGMENT
Air transport is dominating the segment owing to the rising number of air travelers coupled with the increase in the number of airports across the globe. Also, rising expenditure on the air travel industry in order to enhance the experience of passengers is further propelling the segment growth.
 
NORTH AMERICA REGION IS RULING THE OVERALL MARKET OF CAR RENTAL
North America has emerged as the predominant region owing to the rising number of domestic and international tourist coupled with the people are spending more on leisure and business trips in this region is fueling market growth. Also, the rising number of air travelers in this region is further augmenting the regional market growth.
 
PLAYERS INVOLVED IN THE MARKET
Avis Budget Group, Enterprise Rent-a-car, and Hertz among others.

As per this study the Global Car Rental Market was valued USD XX.X BN (by revenue) in 2019 and is anticipated to reach USD XXX.X BN by 2026 with a CAGR of XX%.
 
Car rental refers to hiring the car facility mostly from few hours to few weeks. Basically, it offers temporary vehicle such as car, trucks, and vans to serve the purpose of traveling and transporting. Renting a car is usually offered from the local branches of the provider or near airports through online reservation. The rent mainly includes base price, distance charges, and other related surcharges.
 
Market Dynamics
 
Growing international tourism along with increasing demand for reliable local transportation system is driving the market growth. Various attractive schemes and discounts offered by the providers are further contributing in the market growth. Also, the rise in disposable income, growing awareness regarding car hire, increasing usage of smartphones and Internet within the potential population is again boosting the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of car rental.
 
Market Segmentation
 
The broad car rental market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product

  • Luxury Cars
  • Executive Cars
  • Economy Cars
  • SUV
  • MUV
 
By Application
  • Airport Transport
  • Outstation
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for car rental in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Car Rental Market By Revenue (USD MN)
 

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the car rental market include Avis Budget Group, Enterprise Rent-a-car, and Hertz among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Car Rental Market
       2.2. Global Car Rental Market Snapshot
 
3 . CAR RENTAL – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Car Rental Market
       3.3. Market Restraints of Car Rental Market
       3.4. Opportunities of Car Rental Market
       3.5. Trends of Car Rental Market
       3.6. Porter’s Five Force Analysis of Car Rental Market
       3.7. Car Rental Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Product
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Car Rental Value Chain Analysis
       4.2. Car Rental Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Car Rental Raw Material Manufactures List
           4.2.3. Price Trend of Car Rental Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . GLOBAL CAR RENTAL MARKET ANALYSIS BY PRODUCT
       5.1 Overview by Product
       5.2 Global Car Rental Market Analysis by Product
       5.3 Market Analysis of Luxury Cars by Regions
       5.4 Market Analysis of Executive Cars by Regions
       5.5 Market Analysis of Economy Cars by Regions
       5.6 Market Analysis of SUV by Regions
       5.7 Market Analysis of MUV by Regions
 
6 . GLOBAL CAR RENTAL MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Car Rental Market Analysis by Application
       6.3 Market Analysis of Airport Transport by Regions
       6.4 Market Analysis of Outstation by Regions
       6.5 Market Analysis of Others by Regions
 
7 . GLOBAL CAR RENTAL MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Car Rental Market Estimate by Market Segment
           7.3.3. North America Car Rental Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Car Rental Market Estimate by Market Segment
           7.4.3. Europe Car Rental Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Car Rental Market Estimate by Market Segment
           7.5.3. Asia Pacific Car Rental Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Car Rental Market Estimate by Market Segment
           7.6.3. Latin America Car Rental Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Car Rental Market Estimate by Market Segment
           7.7.3. Middle East & Africa Car Rental Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa
 
8 . COMPETITIVE LANDSCAPE OF THE CAR RENTAL COMPANIES
       8.1. Car Rental Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF CAR RENTAL INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Avis Budget Group
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Enterprise Rent-a-car
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Hertz
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES

  •  Global Car Rental Market Snapshot
  •  Drivers of The Global Car Rental Market Impact Analysis
  •  Restraints of The Global Car Rental Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  Global Car Rental Market Analysis by Product (USD MN)
  •  Global Car Rental Market Analysis in Luxury Cars by Geography (USD MN)
  •  Global Car Rental Market Analysis in Executive Cars by Geography (USD MN)
  •  Global Car Rental Market Analysis in Economy Cars by Geography (USD MN)
  •  Global Car Rental Market Analysis in SUV by Geography (USD MN)
  •  Global Car Rental Market Analysis in MUV by Geography (USD MN)
  •  Global Car Rental Market Analysis by Application (USD MN)
  •  Global Car Rental Market Analysis in Airport Transport by Geography (USD MN)
  •  Global Car Rental Market Analysis in Outstation by Geography (USD MN)
  •  Global Car Rental Market Analysis in Others by Geography (USD MN)
  •  Global Car Rental Market by Geography (USD MN)
  •  North America Car Rental Market Analysis by Product (USD MN)
  •  North America Car Rental Market Estimate by Application (USD MN)
  •  North America Car Rental Market Estimate by Country (USD MN)
  •  United State Car Rental Market Analysis by Product (USD MN)
  •  United State Car Rental Market Estimate by Application (USD MN)
  •  Rest of North America Car Rental Market Analysis by Product (USD MN)
  •  Rest of North America Car Rental Market Estimate by Application (USD MN)
  •  Europe Car Rental Market Analysis by Product (USD MN)
  •  Europe Car Rental Market Estimate by Application (USD MN)
  •  United Kingdom Car Rental Market Analysis by Product (USD MN)
  •  United Kingdom Car Rental Market Estimate by Application (USD MN)
  •  France Car Rental Market Analysis by Product (USD MN)
  •  France Car Rental Market Estimate by Application (USD MN)
  •  Germany Car Rental Market Analysis by Product (USD MN)
  •  Germany Car Rental Market Estimate by Application (USD MN)
  •  Rest of Europe Car Rental Market Analysis by Product (USD MN)
  •  Rest of Europe Car Rental Market Estimate by Application (USD MN)
  •  Asia Pacific Car Rental Market Analysis by Product (USD MN)
  •  Asia Pacific Car Rental Market Estimate by Application (USD MN)
  •  Asia Pacific Car Rental Market Estimate by Country (USD MN)
  •  China Car Rental Market Analysis by Product (USD MN)
  •  China Car Rental Market Estimate by Application (USD MN)
  •  Japan Car Rental Market Analysis by Product (USD MN)
  •  Japan Car Rental Market Estimate by Application (USD MN)
  •  India Car Rental Market Analysis by Product (USD MN)
  •  India Car Rental Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Car Rental Market Analysis by Product (USD MN)
  •  Rest of Asia Pacific Car Rental Market Estimate by Application (USD MN)
  •  Latin America Car Rental Market Analysis by Product (USD MN)
  •  Latin America Car Rental Market Estimate by Application (USD MN)
  •  Latin America Car Rental Market Estimate by Country (USD MN)
  •  Brazil Car Rental Market Analysis by Product (USD MN)
  •  Brazil Car Rental Market Estimate by Application (USD MN)
  •  Rest of Latin America Car Rental Market Analysis by Product (USD MN)
  •  Rest of Latin America Car Rental Market Estimate by Application (USD MN)
  •  Middle East & Africa Car Rental Market Analysis by Product (USD MN)
  •  Middle East & Africa Car Rental Market Estimate by Application (USD MN)
  •  Middle East & Africa Car Rental Market Estimate by Country (USD MN)
  •  Middle East Car Rental Market Analysis by Product (USD MN)
  •  Middle East Car Rental Market Estimate by Application (USD MN)
  •  Africa Car Rental Market Analysis by Product (USD MN)
  •  Africa Car Rental Market Estimate by Application (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  •  New Product Launch
  •  Other Developments
  •  Company Market Share Analysis, 2019
 
 LIST OF FIGURES
 
  •  Research Scope of Car Rental Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Car Rental Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Car Rental Market Analysis by Product (USD MN)
  •  Global Car Rental Market Analysis in Luxury Cars by Geography (USD MN)
  •  Global Car Rental Market Analysis in Executive Cars by Geography (USD MN)
  •  Global Car Rental Market Analysis in Economy Cars by Geography (USD MN)
  •  Global Car Rental Market Analysis in SUV by Geography (USD MN)
  •  Global Car Rental Market Analysis in MUV by Geography (USD MN)
  •  Global Car Rental Market Analysis by Application (USD MN)
  •  Global Car Rental Market Analysis in Airport Transport by Geography (USD MN)
  •  Global Car Rental Market Analysis in Outstation by Geography (USD MN)
  •  Global Car Rental Market Analysis in Others by Geography (USD MN)
  •  Latin America Car Rental Market by Revenue
  •  Middle East & Africa Car Rental Market by Revenue
  •  Recent Development in Car Rental Industry
  •  Company Market Share Analysis, 2019
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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