How big is the Malaysia Car Rental Market?

The Malaysia Car Rental Market size is expected to reach USD 549.28 million in 2024 and grow at a CAGR of 8.5% to reach USD 825.93 million by 2029. Read More

What is the current Malaysia Car Rental Market size?

In 2024, the Malaysia Car Rental Market size is expected to reach USD 549.28 million. Read More

Who are the key players in Malaysia Car Rental Market?

The Hertz Corporation, Hawk Rent A car, Europcar Mobility Group, Mayflower Car Rental Sdn Bhd and Avis Rent A Car LLC are the major companies operating in the Malaysia Car Rental Market. Read More

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

In 2023, the Malaysia Car Rental Market size was estimated at USD 502.59 million. The report covers the Malaysia Car Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Car Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Car Rental Market in Malaysia - Size, Share & Industry Analysis

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

The Malaysia Car Rental Market Report is Segmented by Booking Type (Offline and Online), Rental Duration Type (Short Term, Long Term), Vehicle Type (Hatchback, Sedan, Sport Utility Vehicles, and Multi-Purpose Vehicles), and Application Type (Tourism and Commuting). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

Malaysia Car Rental Industry Overview

The car rental market in Malaysia is primarily dominated by a few major players, such as Avis Rent a Car LLC, Hertz Corporation, Europcar, Mayflower, and Hawk. To maintain an advantage over their competitors, these leading rental companies are procuring funding to meet the increasing demands of the market. For instance,

In January 2023, Socar, one of the most popular car rental applications in Malaysia, announced its ambitious plan to expand its services across the country. The app now features a 24/7 pick-up service, making it even more convenient for its users to rent and return cars at any time of the day. Additionally, the app has added several new features that aim to improve the overall user experience, making it easier and more enjoyable to rent a car through Socar.
In January 2023, the Hertz Corporation in Malaysia launched an improved website that offers an exciting deal for first-time car rental users. By availing of this offer, customers can now enjoy an additional 10% discount on their rental, making it an excellent opportunity for those looking to rent a car for the first time.