How big is the Luxury Car Rental Market?

The Luxury Car Rental Market size is expected to reach USD 43.42 billion in 2024 and grow at a CAGR of 7% to reach USD 60.91 billion by 2029. Read More

What is the current Luxury Car Rental Market size?

In 2024, the Luxury Car Rental Market size is expected to reach USD 43.42 billion. Read More

Who are the key players in Luxury Car Rental Market?

The Hertz Corporation, Europcar International, Avis Budget Group Inc., SIXT SE and Enterprise Holdings, Inc. are the major companies operating in the Luxury Car Rental Market. Read More

Which is the fastest growing region in Luxury 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 Luxury Car Rental Market?

In 2024, the Asia Pacific accounts for the largest market share in Luxury Car Rental Market. Read More

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

In 2023, the Luxury Car Rental Market size was estimated at USD 40.38 billion. The report covers the Luxury Car Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Luxury Car Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Luxury Car Rental Market Size & Share Analysis - Industry Research Report

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

The Luxury Car Rental Market Report is Segmented by Vehicle Model Style (Hatchback, Sedan, Sports Utility Vehicles, Multi-Purpose Vehicles), Rental Duration (Short-Term, Long-Term), Booking Type (Online Booking, Offline Booking), Drive Type (Self-Driven, Chauffeur-Driven), and Geography (North America (United States, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), and Rest of the World (South America, Middle East and Africa)). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Luxury Car Rental Industry Overview

The luxury car rental market is dominated by several key players, such as Hertz Corporation, Sixt SE, Avis Budget Group Inc., and Europcar International. The rapid expansion of car rental services across several regions is likely to result in significant growth for the market during the forecast period. For instance,

• December 2023: Luxury Escapes partnered with CarTrawler to offer customers car rental options alongside holiday bookings for the first time. The partnership grants access to a variety of high-end and affordable vehicles, including electric ones, at competitive prices.

• October 2023: Enterprise Holding Inc. launched a new era of mobility with its luxury car rental services, now available worldwide. The company has extended its top-tier services to European, North American, and Asian countries.