Market Research Logo

Global Car Rental Market: Size, Trends & Forecasts (2017-2021)

Global Car Rental Market: Size, Trends & Forecasts (2017-2021)

Scope of the Report

The report entitled “Global Car Rental Market: Size, Trends & Forecasts (2017-2021)”, provides analysis of the global car rental market, with detailed analysis of market size in terms of value and its segments.

The report also includes a detailed regional analysis of the car rental market in regions such as North America, Europe, Asia Pacific (Excluding Japan) and Latin America. Under competitive landscape different players in the global, the US and Europe car rental market have been compared on basis of their market share.

Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall car rental market has also been forecasted for the years 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Enterprise Holdings, Hertz Global Holdings Inc., and Avis Budget Group Inc. are some of the key players operating in the global car rental market whose company profiling is done in the report. In this segment of the report, business overview, financial overview and the business strategies of the companies are provided.

Company Coverage

Enterprise Holdings
Hertz Global Inc.
Avis Budget Group Inc.
Regional Coverage

North America
Europe
Asia Pacific
Latin America

Executive Summary

A car rental also known as a hire car, or car hire agency is a company that provides car rental services for shorter durations of time to customers for different purposes, such as outstation visits, sightseeing as well as business trips for corporates, etc. They are mainly located near airports or busy urban localities where the demand for car rental services in generally high.

The global car rental market can be divided on the basis of location, customer, vehicle type and mode of booking. On the basis of location, the market can be divided into off airport and on airport. On the basis of customer, the market can be divided into business, leisure and other activities. Luxury cars, executive cars, SUV and MUV are the sub segments under vehicle type. On the other hand, on the basis of customer booking the market can be divided into offline and online modes.

The global car rental market is expected to increase at high growth rates during the forecast period (2017-2021). The global car rental market is supported by various factors such as spike in air travel, increase in hotel occupancy rates and upsurge in disposable income.

Increase in the number of off lease vehicles, over fleeting in the US car rental market and high competition from car share providers are some of the challenges faced by the market. However, evolution of telematics solutions, introduction of autonomous cars and partnership of car rentals with app based cab companies are some of the latest trends in the market.


1. Executive Summary
2. Introduction
2.1 Car Rental: An Overview
2.2 History of Car Rental
2.3 Global Car Rental Market Segments
Table1: Global Car Rental Market on Basis of Location and Customer
Table 2: Global Car Rental Market Segments (On Basis of Location and Customer)
Table 3: Global Car Rental Market on Basis of Vehicle and Mode of Customer Booking
Table 4: Global Car Rental Market Segments (On Basis of Vehicle and Mode of Booking)
3. Global Market Analysis
3.1 Global Car Rental Market: An Analysis
3.1.1 Global Car Rental Market by Value
Table 5: Global Car Rental Market; 2014-2016 (US$ Billion)
Table 6: Global Car Rental Market; 2017-2021 (US$ Billion)
Table 7 Global Car Rental Market by Region; 2016
3.2 Global Car Rental Market: Segment Analysis
Table 8: Global Car Rental Market by Segments; 2016
3.2.1 Global Economic Car Rental Market by Value
Table 9: Global Economic Car Rental Market by Value; 2015-2016 (US$ Billion)
3.2.2 Global Executive Car Rental Market by Value
Table 10: Global Executive Car Rental Market by Value; 2015-2016 (US$ Billion)
3.2.3 Global Luxury Car Rental Market by Value
Table 11: Global Luxury Car Rental Market by Value; 2015-2016 (US$ Billion)
3.2.4 Global SUV and MUV Car Rental Market by Value
Table 12: Global SUV Car Rental Market by Value; 2015-2016 (US$ Billion)
Table 13: Global MUV Car Rental Market by Value; 2015-2016 (US$ Billion_
3.1.3 Global Car Rental Market by Region
4. Regional Analysis
4.1 North America Car Rental Market: An Analysis
4.1.1 North America Car Rental Market by Value
Table 14: North America Car Rental Market; 2016-2021 (US$ Billion)
4.2 Europe Car Rental Market: An Analysis
4.2.1 Europe Car Rental Market by Value
Table 15: Europe Car Rental Market; 2016-2021 (US$ Billion)
4.3 Asia Pacific Car Rental Market: An Analysis
4.3.1 Asia Pacific (Excluding Japan) Car Rental Market by Value
Table 16: Asia Pacific (Excluding Japan) Car Rental Market; 2016-2021 (US$ Billion)
4.4 Latin America Car Rental Market: An Analysis
4.4.1 Latin America Car Rental Market by Value
Table 17: Latin America Car Rental Market; 2016-2021 (US$ Billion)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Spike in Air Travel
Table 18: Global Number of Passengers Travelling Via Air; 2011-2016 (Billion)
5.1.2 Increasing Hotel Occupancy Rates
Table 19: The US Hotel Occupancy Rates; 2011-2016 (%)
5.1.3 Upsurge in Disposable Income
Table 20: Global GNI Per Capita; 2011-2015 (US$)
5.2 Challenges
5.2.1 Increase in Off-Lease Vehicles
Table 21: Number of Off- Lease Vehicles in the US;2016-2020(Million Units)
5.2.2 Over Fleeting in the US Car Rental Market
5.2.3 Increased Competition from Ride and Car Share Providers
5.3 Market Trends
5.3.1 Evolution of Telematics Solutions
5.3.2 Introduction of Autonomous Cars
5.3.3 Partnership with App Based Cab Companies
6. Competitive Landscape
6.1 Global Car Rental Market by Players
6.1.1 Global Car Rental Market Players by Share
Table 22: Global Car Rental Market Players by Share;2016
6.2 The US Car Rental Market by Players
6.2.1 The US Car Rental Market Players by Share
Table 23: The US Car Rental Market Players by Share; 2016
6.2.2 Vehicles in the US Rental Car Fleet by Company
Table 24: Vehicles in the US Rental Car Fleet by Company;2016
6.2.3 The US Rental Car Market by Average Revenue Per Vehicle
Table 25: The US Rental Car Market by Average Revenue Per Vehicle;2016
6.2.4 The US Rental Car Industry Brands by Premium Vs Non Premium
Table 26: Weekly Price for Mid Size Car Rentals by Brand; 2016
6.3 Europe Car Rental Market by Players
6.3.1 Europe Car Rental Market Players by Share
Table 27: Europe Car Rental Market Players by Share; 2016
7. Company Profiling
7.1 Enterprise Holdings
7.1.1 Business Overview
7.1.2 Business Strategy
7.2 Hertz Global Holdings Inc.
7.2.1 Business Overview
7.2.2 Financial Overview
Table 28: Hertz Revenues; 2012-2016 (US$ Billion)
Table 29: Hertz Revenues by Segments; 2016
Table 30: Hertz Revenues by Region; 2016
7.2.3 Business Strategy
7.3 Avis Budget Group Inc.
7.3.1 Business Overview
7.3.2 Financial Overview
Table 31: Avis Revenues; 2012-2016 (US$ Billion)
Table 32: Avis Revenues by Region; 2016
7.3.3 Business Strategy

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report