Market Research Report

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, 2021-2028

ID:VMR11210286
April 2021
Report Formats: Electronic (PDF), MS EXCEL

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 BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 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.
 
Global Car Rental Market Share by Region (Representative Graph)
 Global Car Rental Market Share

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 Market
       2.2. Global Market Snapshot
 
3 . CAR RENTAL – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Product
           3.7.2 Market Attractiveness Analysis By Application
           3.7.3 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of 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 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL CAR RENTAL MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Luxury Cars Historic and Forecast Sales by Regions
       6.6 Executive Cars Historic and Forecast Sales by Regions
       6.5 Economy Cars Historic and Forecast Sales by Regions
       6.7 SUV Historic and Forecast Sales by Regions
       6.8 MUV Historic and Forecast Sales by Regions
 
7 . GLOBAL CAR RENTAL MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Airport Transport Historic and Forecast Sales by Regions
       7.5 Outstation Historic and Forecast Sales by Regions
       7.6 Others Historic and Forecast Sales by Regions
 
8 . GLOBAL CAR RENTAL MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America Sales Analysis
           8.3.1. Overview, Historic and Forecast Sales Analysis
           8.3.2. North America By Segment Sales Analysis
           8.3.3. North America By Country Sales Analysis
           8.3.4. United State Sales Analysis
           8.3.5. Canada Sales Analysis
           8.3.6. Mexico Sales Analysis
       8.4. Europe Sales Analysis
           8.4.1. Overview, Historic and Forecast Sales Analysis
           8.4.2. Europe by Segment Sales Analysis
           8.4.3. Europe by Country Sales Analysis
           8.4.4. United Kingdom Sales Analysis
           8.4.5. France Sales Analysis
           8.4.6. Germany Sales Analysis
           8.4.7. Italy Sales Analysis
           8.4.8. Russia Sales Analysis
           8.4.9. Rest Of Europe Sales Analysis
       8.5. Asia Pacific Sales Analysis
           8.5.1. Overview, Historic and Forecast Sales Analysis
           8.5.2. Asia Pacific by Segment Sales Analysis
           8.5.3. Asia Pacific by Country Sales Analysis
           8.5.4. China Sales Analysis
           8.5.5. India Sales Analysis
           8.5.6. Japan Sales Analysis
           8.5.7. South Korea Sales Analysis
           8.5.8. Australia Sales Analysis
           8.5.9. Rest Of Asia Pacific Sales Analysis
       8.6. Latin America Sales Analysis
           8.6.1. Overview, Historic and Forecast Sales Analysis
           8.6.2. Latin America by Segment Sales Analysis
           8.6.3. Latin America by Country Sales Analysis
           8.6.4. Brazil Sales Analysis
           8.6.5. Argentina Sales Analysis
           8.6.6. Peru Sales Analysis
           8.6.7. Chile Sales Analysis
           8.6.8. Rest of Latin America Sales Analysis
       8.7. Middle East & Africa Sales Analysis
           8.7.1. Overview, Historic and Forecast Sales Analysis
           8.7.2. Middle East & Africa by Segment Sales Analysis
           8.7.3. Middle East & Africa by Country Sales Analysis
           8.7.4. Saudi Arabia Sales Analysis
           8.7.5. UAE Sales Analysis
           8.7.6. Israel Sales Analysis
           8.7.7. South Africa Sales Analysis
           8.7.8. Rest Of Middle East And Africa Sales Analysis
 
9 . COMPETITIVE LANDSCAPE OF THE CAR RENTAL COMPANIES
       9.1. Car Rental Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF CAR RENTAL INDUSTRY
       10.1. Top 10  Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Avis Budget Group
           10.3.1. Company Overview
           10.3.2. Company Revenue
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Enterprise Rent-a-car
           10.4.1. Company Overview
           10.4.2. Company Revenue
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Hertz
           10.5.1. Company Overview
           10.5.2. Company Revenue
           10.5.3. Products
           10.5.4. 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
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product (USD MN)
  •  Luxury Cars Market Sales by Geography (USD MN)
  •  Executive Cars Market Sales by Geography (USD MN)
  •  Economy Cars Market Sales by Geography (USD MN)
  •  SUV Market Sales by Geography (USD MN)
  •  MUV Market Sales by Geography (USD MN)
  •  Analysis Market by Application (USD MN)
  •  Airport Transport Market Sales by Geography (USD MN)
  •  Outstation Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Car Rental Market Sales by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 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 Market Analysis by Product (USD MN)
  •  Luxury Cars Market Sales by Geography (USD MN)
  •  Executive Cars Market Sales by Geography (USD MN)
  •  Economy Cars Market Sales by Geography (USD MN)
  •  SUV Market Sales by Geography (USD MN)
  •  MUV Market Sales by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Airport Transport Market Sales by Geography (USD MN)
  •  Outstation Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Top 10  Company Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

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  • Analyze competitive developments

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