Philippines Car Rental Market Report and Forecast 2025-2034
Description
The Philippines car rental market was valued at USD 1.35 Billion in 2024. The industry is expected to grow at a CAGR of 11.50% during the forecast period of 2025-2034 to attain a valuation of USD 4.01 Billion by 2034.
Philippines Car Rental Market Growth
The Philippines car rental market growth is boosted by leisure/tourism travel options and business-oriented travel options.
Leisure/tourism car rentals cater to individuals seeking vehicles for recreational purposes, offering flexibility in vehicle selection and rental duration for activities like vacations, weekend getaways, or exploration. These rentals are flexible in terms of vehicle selection and the duration involved, allowing for a tailored experience to match the leisure activities. They prioritize convenience and enjoyment, with relaxed booking processes and diverse vehicle options suited to various leisure activities.
In January 2022, an Indian Bangalore-based car rental company Zoomcars expanded into the Philippine market. The move came ahead of a rising number of tourists in the domestic market. Zoomcar anticipated that the program would significantly enhance car accessibility for urban residents, simultaneously mitigating road congestion.
Business car rentals serve corporations, professionals, and organizations requiring transportation for work-related purposes, prioritising efficiency, and reliability. With formal agreements and tailored services, such as dedicated business accounts and streamlined booking processes, these rentals facilitate seamless mobility solutions for business travellers, supporting their productivity and professional endeavours.
Philippines Car Rental Market Segmentation
Philippines Car Rental Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Booking Type
Offline
Online
Market Breakup by Rental Length Type
Short-Term
Long-Term
Market Breakup by Application Type
Leisure/Tourism
Business
Market Breakup by Vehicle Type
Luxury/Premium Cars
Economy/Budget Cars
SUVs
MUVs
Philippines Car Rental Market Share
Online booking methods using mobile applications and third-party websites are leading growth in the car rental market in the domestic region. These methods offer convenience, flexibility, and a wide range of options to users, which are valuable to specifically those individuals who prefer self-service and digital transactions.
Leading Companies in the Philippines Car Rental Market
In the Philippines, the car rental sector witnessed increasing use of online booking, preference for self-driving, boosted by tourism, adoption of eco-friendly vehicles, technological integration, collaborative service offerings, stringent hygiene protocols, urban expansion effects, regulatory adherence, and improved customer satisfaction in a changing market environment.
Avis Budget Group Inc.
Enterprise Holdings, Inc.
Hertz Global Holdings, Inc.
Sixt SE
Europcar International S.A.S.U
Anis Trans Service (A.T.S.) Corporation
Mariale Transport Services Corporation
Voyg Transport Services, Inc
Booking Holdings Inc.
Others
Major market players are expanding their outreach through mergers, acquisitions, and rising investment in sustainable practices, technological innovation and digitalisation which helps streamline booking processes and improve user experience.
Philippines Car Rental Market Growth
The Philippines car rental market growth is boosted by leisure/tourism travel options and business-oriented travel options.
Leisure/tourism car rentals cater to individuals seeking vehicles for recreational purposes, offering flexibility in vehicle selection and rental duration for activities like vacations, weekend getaways, or exploration. These rentals are flexible in terms of vehicle selection and the duration involved, allowing for a tailored experience to match the leisure activities. They prioritize convenience and enjoyment, with relaxed booking processes and diverse vehicle options suited to various leisure activities.
In January 2022, an Indian Bangalore-based car rental company Zoomcars expanded into the Philippine market. The move came ahead of a rising number of tourists in the domestic market. Zoomcar anticipated that the program would significantly enhance car accessibility for urban residents, simultaneously mitigating road congestion.
Business car rentals serve corporations, professionals, and organizations requiring transportation for work-related purposes, prioritising efficiency, and reliability. With formal agreements and tailored services, such as dedicated business accounts and streamlined booking processes, these rentals facilitate seamless mobility solutions for business travellers, supporting their productivity and professional endeavours.
Philippines Car Rental Market Segmentation
Philippines Car Rental Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Booking Type
Offline
Online
Market Breakup by Rental Length Type
Short-Term
Long-Term
Market Breakup by Application Type
Leisure/Tourism
Business
Market Breakup by Vehicle Type
Luxury/Premium Cars
Economy/Budget Cars
SUVs
MUVs
Philippines Car Rental Market Share
Online booking methods using mobile applications and third-party websites are leading growth in the car rental market in the domestic region. These methods offer convenience, flexibility, and a wide range of options to users, which are valuable to specifically those individuals who prefer self-service and digital transactions.
Leading Companies in the Philippines Car Rental Market
In the Philippines, the car rental sector witnessed increasing use of online booking, preference for self-driving, boosted by tourism, adoption of eco-friendly vehicles, technological integration, collaborative service offerings, stringent hygiene protocols, urban expansion effects, regulatory adherence, and improved customer satisfaction in a changing market environment.
Avis Budget Group Inc.
Enterprise Holdings, Inc.
Hertz Global Holdings, Inc.
Sixt SE
Europcar International S.A.S.U
Anis Trans Service (A.T.S.) Corporation
Mariale Transport Services Corporation
Voyg Transport Services, Inc
Booking Holdings Inc.
Others
Major market players are expanding their outreach through mergers, acquisitions, and rising investment in sustainable practices, technological innovation and digitalisation which helps streamline booking processes and improve user experience.
Table of Contents
130 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Car Rental Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Car Rental Historical Market (2018-2024)
- 5.3 Asia Pacific Car Rental Market Forecast (2025-2034)
- 6 Philippines Car Rental Market Overview
- 6.1 Key Industry Highlights
- 6.2 Philippines Car Rental Historical Market (2018-2024)
- 6.3 Philippines Car Rental Market Forecast (2025-2034)
- 7 Philippines Car Rental Market by Booking Type
- 7.1 Offline
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Online
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Philippines Car Rental Market by Rental Length Type
- 8.1 Short-Term
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Long-Term
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Philippines Car Rental Market by Application Type
- 9.1 Leisure/Tourism
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Business
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Philippines Car Rental Market by Vehicle Type
- 10.1 Luxury/Premium Cars
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Economy/Budget Cars
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 SUVs
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 MUVs
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Avis Budget Group Inc.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Enterprise Holdings, Inc. (Alamo)
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Hertz Global Holdings, Inc.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Sixt SE
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Europcar International S.A.S.U
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Anis Trans Service (A.T.S.) Corporation
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Mariale Transport Services Corporation
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Voyg Transport Services, Inc
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Booking Holdings Inc. (Momondo)
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Others
Pricing
Currency Rates
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