How big is the ASEAN Car Rental Market?

The ASEAN Car Rental Market size is expected to reach USD 2.58 billion in 2024 and grow at a CAGR of 15.70% to reach USD 5.46 billion by 2029. Read More

What is the current ASEAN Car Rental Market size?

In 2024, the ASEAN Car Rental Market size is expected to reach USD 2.58 billion. Read More

Who are the key players in ASEAN Car Rental Market?

Avis Budget Group, Sixt SE, Tribe Car Pte. Ltd., Blue Bird Group and INDORENT are the major companies operating in the ASEAN Car Rental Market. Read More

What years does this ASEAN Car Rental Market cover, and what was the market size in 2023?

In 2023, the ASEAN Car Rental Market size was estimated at USD 2.17 billion. The report covers the ASEAN Car Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the ASEAN Car Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

ASEAN Car Rental Market - Share, Trends & Industry Analysis

ASEAN Car Rental Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The ASEAN Car Rental Market Report is Segmented by Booking Type (Offline and Online), Rental Duration Type (Short Term and Long Term), Application Type (Tourism and Commuting), and Country (Vietnam, Indonesia, Malaysia, Thailand, Singapore, and the Rest of Southeast Asia). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

ASEAN Car Rental Industry Overview

The ASEAN car rental market is hugely fragmented, with various startups and regional players such as Avis Budget Group, Sixt SE, Tribe Car Pte. Ltd, Blue Bird Group, etc. To gain an edge over their competitors, major rental companies are making joint ventures and partnerships to launch newer products.

For instance, in January 2023, Socar, a leading car rental application in Malaysia, unveiled its ambitious initiative to broaden its services nationwide. The application now offers a 24/7 pickup service, enhancing convenience for users to rent and return cars at any hour. Furthermore, Socar has introduced multiple new features aimed at enhancing the overall user experience, simplifying and enhancing the process of renting a car through the app.