How big is the Car Rental Market?

The Car Rental Market size is expected to reach USD 132.10 billion in 2024 and grow at a CAGR of greater than 10.75% to reach USD 220.10 billion by 2029. Read More

What is the current Car Rental Market size?

In 2024, the Car Rental Market size is expected to reach USD 132.10 billion. Read More

Who are the key players in Car Rental Market?

Avis Budget Group Inc., Sixt, Hertz Corp., Enterprise Holdings Inc. and Europcar Group are the major companies operating in the Car Rental Market. Read More

Which is the fastest growing region in Car Rental Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Car Rental Market?

In 2024, the North America accounts for the largest market share in Car Rental Market. Read More

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

In 2023, the Car Rental Market size was estimated at USD 117.90 billion. The report covers the Car Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Car Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of the Car Rental Market?

The Key factors driving the growth of the Car Rental Industry are: a) Rise in global tourism b) Increase in business travel activities c) Advancements in technology d) Surge in smartphone usage facilitating easy booking Read More

Car Rental Market - Share, Analysis & Industry Statistics

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

This Industry Report Covers Global Car Rental Market Overview and is Segmented by Booking Type (Offline Access and Online Access), Application Type (Leisure/Tourism and Business), Vehicle Type (Luxury/Premium Car and Economy/Budget Cars), End User (Self-Driven and Chauffeur-Driven), Rental Length (Short Term and Long Term), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report PDF Offers the Market Size, Market Value, and Forecasts in Value (USD Billion) for all the Above Market Segments.

Car Rental Industry Overview

The global market is fragmented, with numerous international and domestic companies operating across the world, according to market statistics. The industry overview highlights that the key participants include Enterprise Rent-A-Car, The Hertz Corporation, Sixt SE, Europcar, and Avis Budget Group. The primary focus of these players is on enhancing their services to gain a customer base and maximize profitability, contributing to the industry value. Collaboration is another key strategy implemented by industry players to strengthen their positions in the market.

In April 2023, Hertz Global and Andre Dickens, the Mayor of Atlanta, launched Hertz Electrifies Atlanta, a PPP aimed at accelerating the adoption of electric vehicles and expanding the environmental and economic benefits of electrification in Atlanta.