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Growth Opportunities in the Global Car Rental Industry

Growth Opportunities in the Global Car Rental Industry

The future of the global car rental industry looks good with opportunities in the off- airport and onairportmarket segment. The global car rental industry is expected to reach an estimated $99.6billion by 2022 and it is forecast to grow at a CAGR of 5.5% from 2017 to 2022. The major driversof growth for this market are increase in international air travelers and increase in the volume ofdomestic tourists.

In this market, on-airport and off- airport are some of the major segment of car rental by locationtype. On the basis of our comprehensive research, Lucintel forecasts that on-airport segmentexpected to show above average growth during the forecast period.

Within the global car rental industry, the leisure customer segment is expected to remain the largestmarket. With a rise in air travel and domestic tourism, and recovery in the GDP level, the numberof the leisure customers in is expected to increase, which will spur growth for this segment over theforecast period.

North America is expected to remain the largest region due to high quality road infrastructure andlimited railways. Increasing investment opportunities in different industries, gains in per capitadisposable income, and increasing corporate travel will drive car rental demand in North America.

This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.

This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.

Scope and Features of This Report:

To make critical business, investment, or strategic decisions, you need timely useful information.

This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:

Market size estimates: Growth opportunities in the global car rental industry in terms ofvalue ($B) shipment

Trend and forecast analysis: Global car rental industry trend (2011-2016) and forecast(2017-2022) by region and segment

Segmentation analysis: Global car rental industry size from 2011 to 2022 by locationtype, customer type, vehicle type, mode of booking type and region type as follows:

Global car rental industry size by location type:

  • On-Airport
  • Off-Airport
Global car rental industry size by customer type:
  • Business
  • Leisure
  • Others
Global car rental industry size by vehicle type:
  • Luxury Cars
  • Executive Cars
  • Economy Cars
  • Sports Utility Vehicles
  • Multi Utility Vehicles
Global car rental industry size by mode of booking type:
  • On-Line
  • Off-Line
Global car rental industry size by region type:
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Italy
  • France
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Hong Kong
  • South Korea
  • The Rest of the World
  • Brazil
  • Argentina
Regional analysis: Global car rental industry breakdown by key regions of North America,

Europe, Asia Pacific, and the Rest of the World

Growth opportunities: Analysis of growth opportunities in different location, customer,vehicle, mode of booking and regions.

Strategic analysis: This includes M&A, new product development, competitive landscape,and expansion strategies of global car rental industry suppliers.

Emerging applications: Emerging applications of car rental in the global car rentalindustry.

Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.


1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Industry Trends and Forecast Analysis from 2011 to 2022
3.1: Macroeconomic Trends and Forecast
3.2: Global Car Rental Industry Trends and Forecast
3.3: Global Car Rental Industry by Location
3.3.1: Off-Airport
3.3.2: On-Airport
3.4: Global Car Rental Industry by Customers
3.4.1: Business
3.4.2: Leisure
3.4.3: Others
3.5: Global Car Rental Industry by Vehicle Type
3.5.1: Luxury Cars
3.5.2: Executive Cars
3.5.3: Economy Cars
3.5.4: Sports Utility Vehicles
3.5.5: Multi Utility Vehicles
3.6: Global Car Rental Industry by Mode of Booking
3.6.1: On-Line Booking
3.6.2: Off-Line Booking
4. Industry Trends and Forecast Analysis by Region
4.1: Global Car Rental Industry by Region
4.2: North American Car Rental Industry
4.2.1: Industry by Location: Off-Airport and On-Airport
4.2.2: The United States Car Rental industry
4.2.3: Canadian Car Rental industry
4.2.4: Mexican Car Rental Industry
4.3: European Car Rental Industry
4.3.1: Industry by Location: Off-Airport and On-Airport
4.3.2: The United Kingdom Car Rental Industry
4.3.3: Italian Car Rental Industry
4.3.4: French Car Rental Industry
4.3.5: German Car Rental Industry
4.3.6: Spanish Car Rental Industry
4.4: APAC Car Rental Industry
4.4.1: Industry by Location: Off-Airport and On-Airport
4.4.2: Chinese Car Rental Industry
4.4.3: Indian Car Rental Industry
4.4.4: Japanese Car Rental Industry
4.4.5: Hong Kong Car Rental Industry
4.4.6: South Korean Car Rental Industry
4.5: ROW Car Rental Industry
4.5.1: Industry by Location: Off-Airport and On-Airport
4.5.2: Brazilian Car Rental Industry
4.5.3: Argentinian Car Rental Industry
5. Competitor Analysis
5.1: Service Portfolio Analysis
5.2: Industry Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Car Rental Industry by Region
6.1.2: Growth Opportunities for the Global Car Rental Industry by Location
6.2: Emerging Trends in the Global Car Rental Market
6.3: Strategic Analysis
6.3.1: New Services Launches
6.3.2: Capacity Expansion of the Global Car Rental Industry
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Car Rental Industry
6.3.4: Certification and Licensing
6.3.5: Technology Development
7. Company Profiles of Leading Players
7.1: Enterprise Rent-A-Car
7.2: Hertz Global Holdings, Inc.
7.3: Avis Budget Group Inc.
7.4: Europcar Groupe S.A
7.5: Sixt SE
7.6: Localiza Rent a Car SA
7.7: ICHINEN HOLDINGS CO., LTD.
7.8: Redcap Tour Co., Ltd.
7.9: Empresas Tattersall SA
7.10: Warisan TC Holdings Berhad
List of Figures
Chapter 2. Market Background and Classifications
Figure 2.1: Model T Ford
Figure 2.2: Classification of the Global Car Rental Industry
Figure 2.3: Supply Chain of the Global Car Rental Industry
Figure 2.4: Major Drivers and Challenges for the Global Car Rental Industry
Chapter 3. Industry Trends and Forecast Analysis from 2011 to 2022
Figure 3.1: Trends of the Global GDP Growth Rate
Figure 3.2: Trends of the Global Population Growth Rate
Figure 3.3: Trends of the Global Inflation Rate
Figure 3.4: Trends of the Global Unemployment Rate
Figure 3.5: Trends of the Regional GDP Growth Rate
Figure 3.6: Trends of the Regional Population Growth Rate
Figure 3.7: Trends of the Regional Inflation Rate
Figure 3.8: Trends of the Regional Unemployment Rate
Figure 3.9: Regional Per Capita Income Trends
Figure 3.10: Trends and Forecast for the Global Car Rental Industry (2011-2022)
Figure 3.11: Trends of the Global Car Rental Industry ($B) by Location (2011- 2016)
Figure 3.12: Forecast for the Global Car Rental Industry ($B) by Location (2017-2022)
Figure 3.13: Trends of Off-Airport in the Global Car Rental Industry ($B) by Region
(2011-2016)
Figure 3.14: Forecast for Off-Airport in the Global Car Rental Industry ($B) by Region
(2017-2022)
Figure 3.15: Trends of On-Airport in the Global Car Rental Industry ($B) by Region
(2011-2016)
Figure 3.16: Forecast for On-Airport in the Global Car Rental Industry ($B) by Region
(2017-2022)
Figure 3.17: Trends of the Global Car Rental Industry ($B) by Customer (2011-2016)
Figure 3.18: Forecast for the Global Car Rental Industry ($B) by Customer (2017-2022)
Figure 3.19: Trends and Forecast for Business Customers in the Global Car Rental
Industry (2011-2022)
Figure 3.20: Trends and Forecast for Leisure Customers in the Global Car Rental
Industry (2011-2022)
Figure 3.21: Trends and Forecast for Other Customers in the Global Car Rental Industry
(2011-2022)
Figure 3.22: Trends of the Global Car Rental Industry ($B) by Vehicle Type (2011-2016)
Figure 3.23: Forecast for the Global Car Rental Industry ($B) by Vehicle Type (2017-
2022)
Figure 3.24: Trends and Forecast for Luxury Cars in the Global Car Rental Industry
(2011-2022)
Figure 3.25: Trends and Forecast for Executive Cars in the Global Car Rental Industry
(2011-2022)
Figure 3.26: Trends and Forecast for Economy Cars in the Global Car Rental Industry
(2011-2022)
Figure 3.27: Trends and Forecast for Sports Utility Vehicles in the Global Car Rental
Industry (2011-2022)
Figure 3.28: Trends and Forecast for Multi Utility Vehicles in the Global Car Rental
Industry (2011-2022)
Figure 3.29: Trends of the Global Car Rental Industry ($B) by Booking Type (2011-2016)
Figure 3.30: Forecast for the Global Car Rental Industry ($B) by Booking Type (2017-
2022)
Figure 3.31: Trends and Forecast for On-Line Booking in the Global Car Rental Industry
(2011-2022)
Figure 3.32: Trends and Forecast Off-Line booking in the Global Car Rental Industry
(2011-2022)
Chapter 4. Industry Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global Car Rental Industry ($B) by Region (2011-2016)
Figure 4.2: Forecast for the Global Car Rental Industry ($B) by Region (2017-2022)
Figure 4.3: Trends and Forecast of the North American Car Rental Industry (2011-2022)
Figure 4.4: Trends of the North American Car Rental Industry ($B) by Location (2011-
2016)
Figure 4.5: Forecast for the North American Car Rental Industry ($B) by Location (2017-
2022)
Figure 4.6: Trends and Forecast for the United States Car Rental Industry (2011-2022)
Figure 4.7: Trends and Forecast for the Canadian Car Rental Industry (2011-2022)
Figure 4.8: Trends and Forecast for the Mexican Car Rental Industry (2011-2022)
Figure 4.9: Trends and Forecast for the European Car Rental Industry (2011-2022)
Figure 4.10: Trends of the European Car Rental Industry ($B) by Location (2011-2016)
Figure 4.11: Forecast for the European Car Rental Industry ($B) by Location (2017-2022)
Figure 4.12: Trends and Forecast for the Unite Kingdom Car Rental Industry (2011-2022)
Figure 4.13: Trends and Forecast for the Italian Car Rental Industry (2011-2022)
Figure 4.14: Trends and Forecast for the French Car Rental Industry (2011-2022)
Figure 4.15: Trends and Forecast for the German Car Rental Industry (2011-2022)
Figure 4.16: Trends and Forecast for the Spanish Car Rental Industry (2011-2022)
Figure 4.17: Trends and Forecast for the APAC Car Rental Industry (2011-2022)
Figure 4.18: Trends of the APAC Car Rental Industry ($B) by Location (2011-2016)
Figure 4.19: Forecast for the APAC Car Rental Industry ($B) by Location (2017-2022)
Figure 4.20: Trends and Forecast for the Chinese Car Rental Industry (2011-2022)
Figure 4.21: Trends and Forecast for the Indian Car Rental Industry (2011-2022)
Figure 4.22: Trends and Forecast for the Japanese Car Rental Industry (2011-2022)
Figure 4.23: Trends and Forecast for the Hong Kong Car Rental Industry (2011-2022)
Figure 4.24: Trends and Forecast for the South Korean Car Rental Industry (2011-2022)
Figure 4.25: Trends and Forecast for the ROW Car Rental Industry (2011-2022)
Figure 4.26: Trends of the ROW Car Rental Industry ($B) by Location (2011-2016)
Figure 4.27: Forecast for the ROW Car Rental Industry ($B) by Location (2017-2022)
Figure 4.28: Trends and Forecast for the Brazilian Car Rental Industry (2011-2022)
Figure 4.29: Trends and Forecast for the Argentinian Car Rental Industry (2011-2022)
Chapter 5. Competitor Analysis
Figure 5.1: Industry Share Analysis of the Global Car Rental Industry in 2016
Figure 5.2: Industry Share Analysis of the Top Five Players in the Global Car Rental
Industry in 2016
Figure 5.3: Locations of Major Car Rental Industry
Figure 5.4: Porter’s Five Forces Industry Analysis for the Global Car Rental Industry
Chapter 6. Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunities for the Global Car Rental Industry by Region (2022)
Figure 6.2: Growth Opportunities for the Global Car Rental Industry by Location (2022)
Figure 6.3: Emerging Trends in the Global Car Rental Industry
Figure 6.4: Strategic Initiatives by Major Competitors in the Global Car Rental Industry
(2014-2016)
Figure 6.5: Major Capacity Expansions in the Global Car Rental Industry (2011-2016)
Chapter 7. Company Profiles of Leading Players
Figure 7.1: Major Industry Locations of Enterprise Rent-A-Car Business
Figure 7.2: Major Industry Locations of Hertz Global Holdings, Inc. Business
Figure 7.3: Major Industry Locations of Avis Budget Group Inc. Business
Figure 7.4: Major Industry Locations of Europcar Groupe S.A Business
Figure 7.5: Major Industry Locations of Sixt SE Business
Figure 7.6: Major Industry Locations of Localiza Rent a Car SA Business
Figure 7.7: Major Industry Locations of Ichinen Holdings Co., Ltd. Business
Figure 7.8: Major Industry Locations of Redcap Tour Co., Ltd. Business
Figure 7.9: Major Industry Locations of Empresas Tattersall SA Business
Figure 7.10: Major Industry Locations of Warisan TC Holdings Berhad Business
List of Tables
Chapter 1. Executive Summary
Table 1.1: The Global Car Rental Industry Parameters and Attributes – Service
Perspective
Chapter 3. Industry Trends and Forecast Analysis from 2011 to 2022
Table 3.1: Industry Trends of the Global Car Rental Industry (2011-2016)
Table 3.2: Industry Forecast for the Global Car Rental Industry (2017-2022)
Table 3.3: Industry Size and CAGR of Various Locations in the Global Car Rental
Industry (2011-2016)
Table 3.4: Industry Size and CAGR of Various Locations in the Global Car Rental
Industry (2017-2022)
Table 3.5: Industry Size and CAGR of Various Regions of Off-Airport in the Global Car
Rental Industry (2011-2016)
Table 3.6: Industry Size and CAGR of Various Regions of Off-Airport in the Global Car
Rental Industry (2017-2022)
Table 3.7: Industry Size and CAGR of Various Regions of On-Airport in the Global Car
Rental Industry (2011-2016)
Table 3.8: Industry Size and CAGR of Various Regions of On-Airport in the Global Car
Rental Industry (2017-2022)
Table 3.9: Industry Size and CAGR of Various Customers of the Global Car Rental
Industry (2011-2016)
Table 3.10: Industry Size and CAGR of Various Customers of the Global Car Rental
Industry (2017-2022)
Table 3.11: Industry Trends of Business Customers in the Global Car Rental Industry
(2011-2016)
Table 3.12: Industry Forecast for Business Customers in the Global Car Rental Industry
(2017-2022)
Table 3.13: Industry Trends of Leisure Customers in the Global Car Rental Industry
(2011-2016)
Table 3.14: Industry Forecast for Leisure Customers in the Global Car Rental Industry
(2017-2022)
Table 3.15: Industry Trends of Other Customers in the Global Car Rental Industry (2011-
2016)
Table 3.16: Industry Forecast for Other Customers in the Global Car Rental Industry
(2017-2022)
Table 3.17: Industry Size and CAGR of Various Vehicles of the Global Car Rental
Industry (2011-2016)
Table 3.18: Industry Size and CAGR of Various Vehicles of the Global Car Rental
Industry (2017-2022)
Table 3.19: Industry Trends of Luxury Cars in the Global Car Rental Industry (2011-2016)
Table 3.20: Industry Forecast for Luxury Cars in the Global Car Rental Industry (2017-
2022)
Table 3.21: Industry Trends of Executive Cars in the Global Car Rental Industry (2011-
2016)
Table 3.22: Industry Forecast for Executive Cars in the Global Car Rental Industry (2017-
2022)
Table 3.23: Industry Trends of Economy Cars in the Global Car Rental Industry (2011-
2016)
Table 3.24: Industry Forecast for Economy Cars in the Global Car Rental Industry (2016-
2022)
Table 3.25: Industry Trends of Sports Utility Vehicles in the Global Car Rental Industry
(2011-2016)
Table 3.26: Industry Forecast for Sports Utility Vehicles in the Global Car Rental Industry
(2017-2022)
Table 3.27: Industry Trends of Multi Utility Vehicles in the Global Car Rental Industry
(2011-2016)
Table 3.28: Industry Forecast for Multi Utility Vehicles in the Global Car Rental Industry
(2017-2022)
Table 3.29: Industry Size and CAGR of Various Booking Types of the Global Car Rental
Industry (2011-2016)
Table 3.30: Industry Size and CAGR of Various Booking Types of the Global Car Rental
industry (2017-2022)
Table 3.31: Industry Trends of On-Line Booking in the Global Car Rental industry (2011-
2016)
Table 3.32: Industry Forecast for On-Line Booking in the Global Car Rental industry
(2017-2022)
Table 3.33: Market Trends of Off-Line Booking in the Global Car Rental Industry (2011-
2016)
Table 3.34: Industry Forecast for Off-Line Booking in the Global Car Rental industry
(2017-2022)
Chapter 4. Industry Trends and Forecast Analysis by Region
Table 4.1: Industry Size and CAGR of Various Regions of the Global Car Rental industry
(2011-2016)
Table 4.2: Industry Size and CAGR of Various Regions of the Global Car Rental industry
(2017-2022)
Table 4.3: Industry Trends of Car Rental in the North American Car Rental industry
(2011-2016)
Table 4.4: Industry Forecast for Car Rental in the North American Car Rental industry
(2017-2022)
Table 4.5: Industry Size and CAGR of Various Locations of the North American Car
Rental industry (2011-2016)
Table 4.6: Industry Size and CAGR of Various Locations of the North American Car
Rental industry (2017-2022)
Table 4.7: Trends and Forecast for the United States Car Rental Industry (2011-2022)
Table 4.8: Trends and Forecast for the Canadian Car Rental Industry (2011-2022)
Table 4.9: Trends and Forecast for the Mexican Car Rental Industry (2011-2022)
Table 4.10: Industry Trends of Car Rental in the European Car Rental Industry (2011-
2016)
Table 4.11: Industry Forecast for the Car Rental in the European Car Rental industry
(2017-2022)
Table 4.12: Industry Size and CAGR of Various Locations of the European Car Rental
Industry (2011-2016)
Table 4.13: Industry Size and CAGR of Various Locations of the Car Rental Industry
(2017-2022)
Table 4.14: Trends and Forecast for the United Kingdom Car Rental Industry (2011-
2022)
Table 4.15: Trends and Forecast for the Italian Car Rental Industry (2011-2022)
Table 4.16: Trends and Forecast for the French Car Rental Industry (2011-2022)
Table 4.17: Trends and Forecast for the German Car Rental Industry (2011-2022)
Table 4.18: Trends and Forecast for the Spanish Car Rental Industry (2011-2022)
Table 4.19: Industry Trends of Location in the APAC Car Rental Industry (2011-2016)
Table 4.20: Industry Forecast for the Location in the APAC Car Rental Industry (2017-
2022)
Table 4.21: Industry Size and CAGR of Various Locations of the APAC Car Rental
Industry (2011-2016)
Table 4.22: Industry Size and CAGR of Various Locations of the APAC Car Rental
Industry (2017-2022)
Table 4.23: Trends and Forecast for the Chinese Car Rental Industry (2011-2022)
Table 4.24: Trends and Forecast for the Indian Car Rental Industry (2011-2022)
Table 4.25: Trends and Forecast for the Japanese Car Rental Industry (2011-2022)
Table 4.26: Trends and Forecast for the Hong Kong Car Rental Industry (2011-2022)
Table 4.27: Trends and Forecast for the South Korean Car Rental Industry (2011-2022)
Table 4.28: Industry Trends of the ROW Car Rental Industry (2011-2016)
Table 4.29: Industry Forecast for the ROW Car Rental Industry (2017-2022)
Table 4.30: Industry Size and CAGR of Various Locations of the ROW Car Rental
Industry (2011-2016)
Table 4.31: Industry Size and CAGR of Various Locations of the ROW Car Rental
Industry (2017-2022)
Table 4.32: Trends and Forecast for the Brazilian Car Rental Industry (2011-2022)
Table 4.33: Trends and Forecast for the Argentinian Car Rental Industry (2011-2022)
Chapter 5. Competitor Analysis
Table 5.1: Service Mapping of Car Rental Industry Suppliers Based on Industry Served
Table 5.2: Rankings of Suppliers Based on Revenue of the Car Rental Industry
Chapter 6. Growth Opportunities and Strategic Analysis
Table 6.1: New Service Launches by Competing Car Rental Companies (2011-2016)
(Source: Lucintel)
Table 6.2: Certifications and Licenses Acquired by Major Competitors in the Global Car
Rental Industry
Table 6.3: Technological Advancements in the Global Car Rental Industry

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