Car Rental in the US
Bolstered by a favorable economic climate, the Car Rental industry has performed well over the five years to 2018. Rising per capita disposable income, coupled with unemployment rates below 5.0%, have encouraged consumers to increase their level of spending on both car leases and discretionary travel expenses, including car rentals for leisure trips. Elevated traffic at domestic airports has further boosted industry revenue. The industry has continued to undergo consolidation during the period, largely dominated by three global brands. IBISWorld expects the industry to continue expanding over the five years to 2023. Industry demand is anticipated to rise alongside an increase in domestic air travel, supported by favorable expansions in the US economy.
Operators in the Car Rental industry rent or lease passenger cars to customers. Car rentals typically last a short time (30 days or fewer) while leasing agreements last longer (12 months or more). The industry excludes the rental or leasing of cars with drivers or trucks.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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