Car Rental Market Size, Share & Trends Analysis Report By Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUVs, MUVs), By Application (Local Usage, Airport Transport, Outstation), By Region, And Segment Forecasts, 2021 - 2028

Car Rental Market Size, Share & Trends Analysis Report By Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, SUVs, MUVs), By Application (Local Usage, Airport Transport, Outstation), By Region, And Segment Forecasts, 2021 - 2028

Car Rental Market Growth & Trends

The global car rental market size is anticipated to reach USD 141.17 billion by 2028, registering a CAGR of 4.6% from 2021 to 2028, according to a new study by Grand View Research, Inc. Considerable growth in the world tourism sector is one of the critical factors propelling the market growth. Additionally, increasing pollution, rising car prices, and the cost-effective nature of car rental services are some of the other key factors boosting the growth of the market.

The market has witnessed significant attention in the last decade due to the increased use of smartphone-based online booking applications. Bookings/reservations through rental stations have witnessed a decline in recent years since online booking allows users to plan and book vehicles quickly and in advance. Also, the internet offers a convenient way to browse through various websites of car rental providers and get access to numerous options and offers.

Car rental operators in developed countries, such as the U.S., are increasingly implementing advanced technology solutions to streamline their processes. Some of the key market players are using smartphone applications to promote discounts and offer information such as real-time car tracking as well as the availability of the vehicle. Industry participants in the moderately fragmented market compete on the basis of pricing, location, fleet size, and marketing expertise.

Car Rental Market Report Highlights

  • Car rental providers across the globe are focusing on implementing various technologies for training, sales and marketing, and customer support to stand out among competitors and enable better communication with their customers
  • Rising environmental concerns and awareness regarding low emission vehicles are shifting consumer preference toward vehicle rental options
  • The evolution of ‘Bleisure’ is one of the prominent emerging trends in the travel and tourism sector, which refers to a combination of business and leisure trips. This trend is anticipated to drive the market among business and leisure travelers
  • Prominent players are focusing on having their reach across the globe, in an attempt to cater to the customer needs and acquire a higher customer base
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspective
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation and Data Visualization
1.6. Data Validation and Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Size and Growth Prospects, 2018 - 2028
3.2. Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Growth in the global leisure and corporate travelers
3.3.1.2. Increase in the number of mobile and Internet users worldwide
3.3.1.3. Globalization and increase in global air travel
3.3.2. Market restraint analysis
3.3.2.1. Introduction of and compliance with stringent emission standards
3.3.2.2. Growth in the low-cost public transportation
3.3.2.3. Volatility in the crude oil prices
3.4. Penetration & Growth Prospect Mapping
3.5. Industry Analysis - Porter’s Five Forces Analysis
3.6. Key Company Ranking Analysis, 2020
3.7. PEST Analysis
3.8. Car Rental - Market trends
3.8.1. Intermediaries
3.8.2. Value segment
3.8.3. Rental process improvements
3.8.4. Alternative service providers
3.8.5. Operating models
3.9. Perils In The Car Rental Market
3.9.1. Pricing & consumer perception
3.9.2. Losing potential customers & higher distribution costs
3.9.3. Minimal loyalty for brands
3.9.4. Retention failure
3.9.5. Higher cost of customer acquisition
Chapter 4. Vehicle Type Estimates & Trend Analysis
4.1. Market Size Estimates & Forecasts, and Trend Analysis, 2018 - 2028 (USD Million)
4.2. Vehicle Type Movement Analysis & Market Share, 2020 & 2028 (USD Million)
4.3. Luxury cars
4.3.1. Global market size estimates and forecasts, 2018 - 2028(USD Million)
4.4. Executive cars
4.4.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
4.5. Economy cars
4.5.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
4.6. SUVs
4.6.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
4.7. MUVs
4.7.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
Chapter 5. Application Estimates & Trend Analysis
5.1. Market Size Estimates & Forecasts, and Trend Analysis, 2018 - 2028 (USD Million)
5.2. Application Movement Analysis & Market Share, 2020 & 2028 (USD Million)
5.3. Local usage
5.3.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
5.4. Airport transport
5.4.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
5.5. Outstation
5.5.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
5.6. Others
5.6.1. Global market size estimates and forecasts, 2018 - 2028 (USD Million)
Chapter 6. Regional Estimates & Trend Analysis
6.1. Market Size Estimates & Forecasts, and Trend Analysis, 2018 - 2028 (USD Million)
6.2. Regional Movement Analysis & Market Share, 2020 & 2028 (USD Million)
6.3. North America
6.3.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.3.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.3.3. U.S.
6.3.3.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.3.3.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.4. Europe
6.4.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.4.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.4.3. France
6.4.3.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.4.3.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.4.4. Germany
6.4.4.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.4.4.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.4.5. U.K.
6.4.5.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.4.5.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.5. Asia Pacific
6.5.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.5.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.5.3. Japan
6.5.3.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.5.3.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.5.4. Korea
6.5.4.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.5.4.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.5.5. China
6.5.5.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.5.5.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.5.6. India
6.5.6.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.5.6.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.5.6.3. Market size estimates and forecasts by video quality, 2018 - 2028 (USD Million)
6.6. South America
6.6.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.6.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
6.7. Middle East & Africa (MEA)
6.7.1. Market size estimates and forecasts by vehicle type, 2018 - 2028 (USD Million)
6.7.2. Market size estimates and forecasts by application, 2018 - 2028 (USD Million)
Chapter 7. Competitive Landscape
7.1. Al-Futtaim Vehicle Rentals Company LLC
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Strategic initiatives
7.2. Avis Budget Group, Inc.
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Strategic initiatives
7.3. Carzonrent India Private Limited (CIPL)
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.3.4. Strategic initiatives
7.4. Eco Rent A Car
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Strategic initiatives
7.5. Enterprise Rent-A-Car
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Strategic initiatives
7.6. Europcar
7.6.1. Company overview
7.6.2. Financial performance
7.6.3. Product benchmarking
7.6.4. Strategic initiatives
7.7. Localiza Rent a Car SA
7.7.1. Company overview
7.7.2. Financial performance
7.7.3. Product benchmarking
7.7.4. Strategic initiatives
7.8. The Hertz Corporation
7.8.1. Company overview
7.8.2. Financial performance
7.8.3. Product benchmarking
7.8.4. Strategic initiatives
7.9. Sixt SE
7.9.1. Company overview
7.9.2. Financial performance
7.9.3. Product benchmarking
7.9.4. Strategic initiatives

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