Report cover image

Global Car Rental Market Summary, Competitive Analysis and Forecast to 2027

Publisher MarketLine
Published Sep 29, 2023
Length 50 Pages
SKU # MTLN18309371

Description

Global Car Rental Market Summary, Competitive Analysis and Forecast to 2027


Summary

Global Car Rental industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value includes car rentals for business, leisure purposes, and insurance replacement. Market volumes represent the size of the rental car fleet (absolute unit) within the respective countries. The calculation excludes leasing and long-term rentals. Taxis/cabs or other passenger vehicles driven by drivers are excluded from the calculation. Distribution channels are divided into airport and non-airport locations, with a focus on leisure and business segments. Other distribution channel represents the value of the fleet rented for insurance purpose.
  • The global car rentals market had total revenues of $74.1 billion in 2022, representing a compound annual growth rate (CAGR) of 1.9% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 0.3% between 2017 and 2022, to reach a total of 6.5 million cars in 2022.
  • According to UNWTO, travel and tourism spending by international visitors globally reached 64% from 2021.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the car rental market in the global
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global car rental market
  • 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 Global car rental market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Global car rental market by value in 2022?
  • What will be the size of the Global car rental market in 2027?
  • What factors are affecting the strength of competition in the Global car rental market?
  • How has the market performed over the last five years?
  • How large is the global’s car rental market in relation to its regional counterparts?

Table of Contents

50 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
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 strengths of the leading players?
7.3. What are the latest developments of the leading players?
8 Company Profiles
8.1. Enterprise Holdings Inc
8.2. Hertz Global Holdings Inc
8.3. Avis Budget Group Inc
8.4. Europcar Mobility Group SA
8.5. 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: Global car rental market value: $ billion, 2017–22
Table 2: Global car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
Table 3: Global car rental market category segmentation: % share, by value, 2017–2022
Table 4: Global car rental market category segmentation: $ billion, 2017-2022
Table 5: Global car rental market geography segmentation: $ billion, 2022
Table 6: Global car rental market value forecast: $ billion, 2022–27
Table 7: Global car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
Table 8: Enterprise Holdings Inc: key facts
Table 9: Enterprise Holdings Inc: Key Employees
Table 10: Hertz Global Holdings Inc: key facts
Table 11: Hertz Global Holdings Inc: Annual Financial Ratios
Table 12: Hertz Global Holdings Inc: Key Employees
Table 13: Hertz Global Holdings Inc: Key Employees Continued
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: Europcar Mobility Group SA: key facts
Table 18: Europcar Mobility Group SA: Key Employees
Table 19: Sixt SE: key facts
Table 20: Sixt SE: Annual Financial Ratios
Table 21: Sixt SE: Key Employees
Table 22: Global exchange rate, 2018–22
List of Figures
Figure 1: Global car rental market value: $ billion, 2017–22
Figure 2: Global car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
Figure 3: Global car rental market category segmentation: $ billion, 2017-2022
Figure 4: Global car rental market geography segmentation: % share, by value, 2022
Figure 5: Global car rental market value forecast: $ billion, 2022–27
Figure 6: Global car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
Figure 7: Forces driving competition in the global car rental market, 2022
Figure 8: Drivers of buyer power in the global car rental market, 2022
Figure 9: Drivers of supplier power in the global car rental market, 2022
Figure 10: Factors influencing the likelihood of new entrants in the global car rental market, 2022
Figure 11: Factors influencing the threat of substitutes in the global car rental market, 2022
Figure 12: Drivers of degree of rivalry in the global car rental market, 2022

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us