Malaysia Car Rental Market Share

Market Share of Malaysia Car Rental Industry

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.

Malaysia Car Rental Market Leaders

1. The Hertz Corporation

2. Hawk Rent A car

3. Europcar Mobility Group

4. Mayflower Car Rental Sdn Bhd

5. Avis Rent A Car LLC

*Disclaimer: Major Players sorted in no particular order