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Global Car Rental Market 2018-2022

Global Car Rental Market 2018-2022

About Car Rental

Many people benefit by using car rental services because of the reduced total cost of mobility. A crucial reason contributing to the growth of the market is that providers own the vehicles and users are free from the burden of ownership costs. Customers also have the flexibility of choosing cars that can meet their daily needs. Moreover, insurance costs incurred during renting vehicles are also taken care of users by the rental companies. Corporate members also have access to a fleet of cars with hassle-free maintenance and management systems. In addition, service agreements with car rental providers help companies reduce their fleet costs and provide their employees with easy access to a range of vehicles.

Technavio’s analysts forecast the global car rental market to grow at a CAGR of 17.52% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global car rental market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of car rental.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Car Rental Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Avis Budget Group
  • Enterprise Holdings
  • Europcar
  • Hertz
  • Sixt
  • Carzonrent
Other prominent vendors
  • Hermes
  • Advantage OPCO
  • E-Z Rent A Car
Market driver
  • Increasing incorporation of advanced digital technologies in car rental services
  • For a full, detailed list, view our report
Market trend
  • Introduction of value-for-money car rental services
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Car Rental Market 2018-2022

Technavio recognizes the following companies as the key players in the global car rental market: Avis Budget Group, Enterprise Holdings, Europcar, Hertz, Sixt, and Carzonrent.

Other Prominent Vendors in the market are: Hermes, Advantage OPCO, and E-Z Rent A Car.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is introduction of value-for-money car rental services. Players in the car rental industry are focusing on providing low-cost car services, especially for leisure markets. The small players are preferring online car rental platforms to expand their geographical presence and reach a wide customer base. Several popular car rental services have launched their own value brands with moderate and affordable pricing. Such strategies will help players in the car hire market expand their customer base.”

According to the report, one of the major drivers for this market is increasing incorporation of advanced digital technologies in car rental services. With the advent of the internet and growing number of smartphone users, the dependency on technology has increased. Several car companies are using mobile-based applications to communicate the fare, discount coupons, promotional offers, availability of cars, and real-time tracking details to the consumers. With the consumers increasingly prefering the availability of cars in minimal time, operators are focusing on streamlining their membership procedures and on enhance service convenience by adopting smart technology. Moreover, car rental operators are also focusing on introducing enhanced features in their mobile applications to cater efficient customer convenience.

Companies Mentioned

Avis Budget Group, Enterprise Holdings, Europcar, Hertz, Sixt, Carzonrent, Hermes, Advantage OPCO, and E-Z Rent A Car.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Global car rental market: Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global car rental market - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by rental category
    • Global car rental market by rental category
      • Table Global car rental market: Segmentation by car rental category
      • Table Global car rental market by rental category - Market share 2017-2022 (%)
    • Comparison by rental category
      • Table Global rental market: Comparison by rental category
    • Global car rental market by airport transport
      • Table Global car rental market by airport transport - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by airport transport - Year-over-year growth 2018-2022 (%)
    • Global car rental market by local transport
      • Table Global car rental market by local transport - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by local transport - Year-over-year growth 2018-2022 (%)
    • Global car rental market by outstation transport
      • Table Global car rental market by outstation transport - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by outstation transportation - Year-over-year growth 2018- 2022 (%)
    • Global car rental market by other transport
      • Table Global car rental market by other transport - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by other transport - Year-over-year growth 2018-2022 (%)
    • Market opportunity by car rental category
      • Table Market opportunity by car rental category 2017-2022 ($ bn)
  • Market segmentation by vehicle type
    • Global car rental market by vehicle type
      • Table Global car rental market: Segmentation by vehicle type
      • Table Global car rental market by vehicle type - Market share 2017-2022 (%)
    • Comparison by product
      • Table Global car rental market: Comparison by vehicle type
    • Global car rental market by economy cars
      • Table Global car rental market by economy cars - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by economy cars - Year-over-year growth 2018-2022 (%)
    • Global car rental market by executive cars
      • Table Global car rental market by executive cars - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by executive cars - Year-over-year growth 2018-2022 (%)
    • Global car rental market by luxury cars
      • Table Global car rental market by luxury cars - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by luxury cars - Year-over-year growth 2018-2022 (%)
    • Global car rental market by SUVs
      • Table Global SUV car rental market - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by SUVs - Year-over-year growth 2018-2022 (%)
    • Global car rental market by MUVs
      • Table Global car rental market by MUVs - Market size and forecast 2017-2022 ($ bn)
      • Table Global car rental market by MUVs - Year-over-year growth 2018-2022 (%)
    • Market opportunity by vehicle type
      • Table Market opportunity by vehicle type 2017-2022 ($ bn)
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by mode of booking
    • Global car rental market by mode of booking
      • Table Global car rental market by mode of booking - Market share 2017-2022 (%)
    • Global car rental market by offline mode
      • Table Global car rental market by offline mode 2017-2022 ($ bn)
      • Table Global car rental market by offline mode - Year-over-year growth 2018-2022 (%)
    • Global car rental market by online mode
      • Table Global car rental market by online mode 2017-2022 ($ bn)
      • Table Global car rental market by online mode - Year-over-year growth 2018-2022 (%)
    • Comparison by mode of booking
      • Table Comparison by end-user
    • Market opportunity by mode of booking
      • Table Market opportunity by mode of booking 2017-2022 ($ bn)
  • Regional landscape
    • Geographical segmentation
      • Table Global car rental market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Global car rental market: Regional comparison
    • Car rental market in Americas
      • Table Car rental market in Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Car rental market in Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • Car rental market in EMEA
      • Table Car rental market in EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table Car rental market in EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Car rental market in APAC
      • Table Car rental market in APAC - Market size and forecast 2017-2022 ($ bn)
      • Table Car rental market in APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
    • Other prominent challenges
  • Market trends
    • Advent of intermediaries
    • Value-for-money car rental services
    • Advances in rental processes
    • Growing interest in self-driving vehicles
    • Other prominent trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
      • Table Global car rental market: key vendors
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Avis Budget Group
      • Table Avis Budget Group: Vendor overview
      • Table Avis Budget Group - Business segments
      • Table Avis Budget Group - Organizational developments
      • Table Avis Budget Group - Geographic focus
      • Table Avis Budget Group - Segment focus
      • Table Avis Budget Group - Key offerings
    • Enterprise Holdings
      • Table Enterprise Holdings: Vendor overview
      • Table Enterprise Holdings - Business segments
      • Table Enterprise Holdings - Organizational developments
      • Table Enterprise Holdings - Segment focus
      • Table Enterprise Holdings - Key offerings
    • Europcar
      • Table Europcar: Vendor overview
      • Table Europcar - Brand segments
      • Table Europcar - Organizational developments
      • Table Europcar - Geographic focus
      • Table Europcar - Segment focus
      • Table Europcar - Key offerings
    • Hertz
      • Table Hertz: Vendor overview
      • Table Hertz - Business segments
      • Table Hertz - Organizational developments
      • Table Hertz - Geographic focus
      • Table Hertz - Segment focus
      • Table Hertz - Key offerings
    • Sixt
      • Table Sixt: Vendor overview
      • Table Sixt - Business segments
      • Table Sixt - Organizational developments
      • Table Sixt - Geographic focus
      • Table Sixt - Segment focus
      • Table Sixt - Key offerings
    • Carzonrent
      • Table Carzonrent: Vendor overview
      • Table Carzonrent - Business segments
      • Table Carzonrent - Organizational developments
      • Table Carzonrent - Segment focus
      • Table Carzonrent - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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