Market Share of Singapore Car Rental Industry
The Singapore car rental industry includes international companies such as Avis-Budget, Sixt, and Hertz, as well as local companies such as Ride Now, and Motorist. International car rental companies charge 50% more than local car rental companies such as Sixt, RideNow, Motorist.sg, and Aka. International car rental companies, on the other hand, typically have a larger selection of luxury and imported cars than local car rental companies. The players are engaging in partnerships with foreign players to launch car rental services in singapore. For instance,
- In January 2021, Tribecar, a Singapore-based car-rental platform, announced a partnership with NTUC Income and CARRO on Tuesday to provide next-generation smart city insurance for cars in their "Super Economy" category. The alliance aims to provide apparent motor insurance coverage through a usage-based proposition, which was first piloted in Singapore, where motor insurance is no longer based on a fixed cost but is tied to smart data from the vehicle, such as mileage, location, and timing consumption.
Singapore Car Rental Market Leaders
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SIXT SE
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Avis Budget Group
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Drive Sg
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Europcar Mobility Group
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Hertz Corporation
*Disclaimer: Major Players sorted in no particular order
