Car Rental in the United States
Description
Car Rental in the United States
Summary
Car Rental in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Car Rental in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Car rental refers to the short-term hiring of a motor vehicle from one party to another, typically excluding taxis. Our market scope includes only self-driven, short-term (i.e., less than 1 year) car rental data. It excludes leasing or rental of cars for more than one year and the chauffeur-driven cars/cabs.
- The US car rental market recorded revenues of $41,944.4 million in 2024, representing a compound annual growth rate (CAGR) of 4.7% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 1.5% between 2019 and 2024, reaching a total of 2,528,863.0 Absolute units in 2024.
- The US car rental market accounted for 92.7% of the North American car rental market in 2024. The growth is driven by a rise in travel and tourism, largely attributed to an increase in consumer net disposable income per household. According to the Bureau of Economic Analysis, the net disposable income per household in the US reached $164,007.1, reflecting a 4.5% increase from 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in the United States
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States car rental market with five year forecasts by both value and volume
- What was the size of the United States car rental market by value in 2024?
- What will be the size of the United States car rental market in 2029?
- What factors are affecting the strength of competition in the United States car rental market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's car rental market?
Table of Contents
44 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the strengths of the leading players?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Enterprise Holdings Inc
- 8.2. Hertz Global Holdings Inc
- 8.3. Avis Budget Group Inc
- 8.4. Sixt SE
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States car rental market value: $ million, 2019-24
- Table 2: United States car rental market volume: car fleet, 2019-24
- Table 3: United States car rental market category segmentation: % share, by value, 2019-24
- Table 4: United States car rental market category segmentation: $ million, 2019-24
- Table 5: United States car rental market geography segmentation: $ million, 2024
- Table 6: United States car rental market distribution: % share, by value, 2024
- Table 7: United States car rental market value forecast: $ million, 2024-29
- Table 8: United States car rental market volume forecast: car fleet, 2024-29
- Table 9: Enterprise Holdings Inc: Key Facts
- Table 10: Enterprise Holdings Inc: Key Employees
- Table 11: Hertz Global Holdings Inc: Key Facts
- Table 12: Hertz Global Holdings Inc: Annual Financial Ratios
- Table 13: Hertz Global Holdings Inc: Key Employees
- Table 14: Avis Budget Group Inc: Key Facts
- Table 15: Avis Budget Group Inc: Annual Financial Ratios
- Table 16: Avis Budget Group Inc: Key Employees
- Table 17: Sixt SE: Key Facts
- Table 18: Sixt SE: Annual Financial Ratios
- Table 19: Sixt SE: Key Employees
- Table 20: United States Size of Population (Million), 2020-24
- Table 21: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 22: United States GDP (Current Prices, $ Billion), 2020-24
- Table 23: United States Inflation, 2020-24
- Table 24: United States Consumer Price Index (Absolute), 2020-24
- Table 25: United States Exchange Rate, 2019-24
- List of Figures
- Figure 1: United States car rental market value: $ million, 2019-24
- Figure 2: United States car rental market volume: car fleet, 2019-24
- Figure 3: United States car rental market category segmentation: $ million, 2019-24
- Figure 4: United States car rental market geography segmentation: % share, by value, 2024
- Figure 5: United States car rental market distribution: % share, by value, 2024
- Figure 6: United States car rental market value forecast: $ million, 2024-29
- Figure 7: United States car rental market volume forecast: car fleet, 2024-29
- Figure 8: Forces driving competition in the car rental market in the United States, 2024
- Figure 9: Drivers of buyer power in the car rental market in the United States, 2024
- Figure 10: Drivers of supplier power in the car rental market in the United States, 2024
- Figure 11: Factors influencing the likelihood of new entrants in the car rental market in the United States, 2024
- Figure 12: Factors influencing the threat of substitutes in the car rental market in the United States, 2024
- Figure 13: Drivers of degree of rivalry in the car rental market in the United States, 2024
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