Asia Pacific Tourism Vehicle Rental Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Asia Pacific Tourism Vehicle Rental Industry Overview

The Asia-Pacific Tourism Vehicle Rental Market is dominated by several key players such as Zoomcar, Drivezy, Sixt SE, Shouqi Car Rental, etc. The companies are expanding their fleet size and launching new services across the region. It is anticipated to witness major growth during the forecast period. For instance:

• In June 2022, CARRO, which is Southeast Asia's largest used automobile marketplace, collaborated with PT Mitra Pinasthika Mustika Tbk, which is Indonesia's leading consumer automotive and transportation company. Both companies agreed on the collaboration of a deal worth USD 54 million under which CARRO became the 50% shareholder of PT Mitra Pinasthika Mustika Rent's business. Furthermore, this agreement kicks off a strategic partnership between MPMX, which is also Indonesia's leading automotive and transportation company. CARRO will provide consumers in Indonesia with an end-to-end ecosystem that includes an online marketplace, financing, repair, rental, and aftersales services.
• In June 2022, MPMX and CARRO signed a strategic partnership that will provide Indonesia with a fully integrated online and offline automotive ecosystem.