Global Car Rental Market Trend, Share, Growth, Size, Analysis and Forecast 2034
Car Rental Market By Rental Length (Long Term and Short Term), By Booking Type (Online Booking and Offline Booking), By Application (Commercial and Leisure), By Vehicle Type (Multi Utility Vehicle (MUV), Sports Utility Vehicle (SUV), Economical Car, Executive Car, and Luxury Car), By End-User (Chauffeur-Driven and Self-Driven), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 107.76 Billion | USD 216.58 Billion | 7.23% | 2024 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global car rental market, 2016 – 2022 (USD Million)
- 2.2. Global car rental market: Snapshot
- Chapter 3. Car Rental – Market Dynamics
- 3.1. Introduction
- 3.2. Market drivers
- 3.2.1. Global car rental market drivers: Impact analysis
- 3.2.2. Growing tourism market
- 3.2.3. Healthy economic growth and rising disposable income
- 3.2.4. Large use of internet and SmartPhone technology
- 3.3. Market restraints
- 3.3.1. Global car rental market restraints: Impact analysis
- 3.3.2. Volatility of crude oil prices
- 3.3.3. Lack of adequate marketing and promotion
- 3.4. Opportunities
- 3.4.1. Green Initiatives
- 3.5. Porter’s five forces analysis
- 3.5.1. Bargaining power of suppliers
- 3.5.2. Bargaining power of buyers
- 3.5.3. Threat from new entrants
- 3.5.4. Threat from new substitutes
- 3.5.5. Degree of competition
- 3.6. Market attractiveness analysis
- 3.6.1. Market attractiveness analysis, by car type segment
- 3.6.2. Market attractiveness analysis, by end-user segment
- 3.6.3. Market attractiveness analysis, by regional segment
- Chapter 4. Global Car rental Market – Competitive Landscape
- 4.1. Company market share, 2016 (Subject To Data Availability)
- 4.2. Strategic Development
- 4.2.1. Acquisitions & Mergers
- 4.2.2. New Product Launch
- 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
- 4.2.4. Research and Development, Product and Regional Expansion
- Chapter 5. Global Car Rental Market – Car Type Segment Analysis
- 5.1. Global car rental market: Car type overview
- 5.1.1. Global car rental market volume share, by car type, 2016 and 2022
- 5.2. Luxury Cars
- 5.2.1. Global luxury cars market, 2016 – 2022 (USD Million)
- 5.3. Executive Cars
- 5.3.1. Global executive cars market, 2016 – 2022 (USD Million)
- 5.4. Economy Cars
- 5.4.1. Global economy cars market, 2016 – 2022 (USD Million)
- 5.5. SUV Cars
- 5.5.1. Global SUV cars market, 2016 – 2022 (USD Million)
- 5.6. MUV Cars
- 5.6.1. Global MUV cars market, 2016 – 2022 (USD Million)
- 5.1. Global car rental market: Car type overview
- Chapter 6. Global Car Rental Market – End-user Segment Analysis
- 6.1. Global car rental market: End-user overview
- 6.1.1. Global car rental market volume share, by end-user, 2016 – 2022
- 6.2. Local Usage
- 6.2.1. Global car rental market for local usage, 2016 – 2022 (USD Million)
- 6.3. Airport Transport
- 6.3.1. Global car rental market for airport transport, 2016 – 2022 (USD Million)
- 6.4. Outstation
- 6.4.1. Global car rental market for outstation, 2016 - 2022 (USD Million)
- 6.5. Others
- 6.5.1. Global car rental market for others, 2016 - 2022 (USD Million)
- 6.1. Global car rental market: End-user overview
- Chapter 7. Global Car Rental Market – Regional Segment Analysis
- 7.1. Global car rental market: Regional overview
- 7.1.1. Global car rental market volume share, by region, 2016 - 2022
- 7.2. North America
- 7.2.1. North America car rental market revenue, by car type, 2016 - 2022 (USD Million)
- 7.2.2. North America car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.2.3. U.S.
- 7.2.3.1. U.S. car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.2.3.2. U.S. car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.3. Europe
- 7.3.1. Europe car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.3.2. Europe car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.3.3.2. Germany car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.3.4. France
- 7.3.4.1. France car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.3.4.2. France car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.3.5. UK
- 7.3.5.1. UK car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.3.5.2. UK car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.4.2. Asia Pacific car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.4.3. China
- 7.4.3.1. China car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.4.3.2. China car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.4.4.2. Japan car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.4.5. India
- 7.4.5.1. India car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.4.5.2. India car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.5.2. Latin America car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.5.3. Brazil
- 7.5.3.1. Brazil car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.5.3.2. Brazil car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.6. Middle-East and Africa
- 7.6.1. Middle-East and Africa car rental market revenue, by car type, 2016 – 2022 (USD Million)
- 7.6.2. Middle-East and Africa car rental market revenue, by end-user, 2016 – 2022 (USD Million)
- 7.1. Global car rental market: Regional overview
- Chapter 8. Company Profile
- 8.1. Avis Budget Group, Inc
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. Sixt Rent-A-Car
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. Enterprise Rent-A-Car
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. The Hertz Corporation
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Europcar
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent developments
- 8.6. Al-Futtaim Group
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Carzonrent
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. Localiza Rent A Car
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.9. Eco Rent A Car
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product portfolio
- 8.9.4. Business strategy
- 8.9.5. Recent developments
- 8.1. Avis Budget Group, Inc
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global car rental market revenue, 2016 – 2022 (USD Million)
4. Porter’s five forces analysis
5. Car rental: Market attractiveness analysis, by car type segment
6. Car rental: Market attractiveness analysis, by end-user segment
7. Car rental: Market attractiveness analysis, by regional segment
8. Company market share analysis
9. Global car rental market revenue share by car type, 2016 – 2022
10. Global luxury cars market, 2016 – 2022, (USD Million)
11. Global mid-end car market, 2016 – 2022, (USD Million)
12. Global executive cars market, 2016 – 2022, (USD Million)
13. Global economy cars market, 2016 – 2022, (USD Million)
14. Global SUV cars market, 2016 – 2022, (USD Million)
15. Global MUV cars market, 2016 – 2022, (USD Million)
16. Global car rental market revenue share by end-user, 2016 – 2022
17. Global car rental market for local usage, 2016 – 2022, (USD Million)
18. Global car rental market for airport transport, 2016 – 2022, (USD Million)
19. Global car rental market for outstation, 2016 – 2022 (USD Million)
20. Global car rental market for other end-user, 2016 – 2022 (USD Million)
Table Of Tables
List of Tables
1. car rental market: Market snapshot
2. Car type of car rental market
3. Drivers of global car rental market: Impact analysis
4. Restraints of global car rental market: Impact analysis
5. North America car rental market revenue, by car type, 2016 - 2022 (USD Million)
6. North America car rental market revenue, by end-user, 2016 - 2022 (USD Million)
7. U.S car rental market revenue, by car type, 2016 - 2022 (USD Million)
8. U.S car rental market revenue, by end-user, 2016 - 2022 (USD Million)
9. Europe car rental market revenue, by car type, 2016 - 2022 (USD Million)
10. Europe car rental market revenue, by end-user, 2016 - 2022 (USD Million)
11. Germany car rental market revenue, by car type, 2016 - 2022 (USD Million)
12. Germany car rental market revenue, by end-user, 2016 - 2022 (USD Million)
13. France car rental market revenue, by car type, 2016 - 2022 (USD Million)
14. France car rental market revenue, by end-user, 2016 - 2022 (USD Million)
15. UK car rental market revenue, by car type, 2016 - 2022 (USD Million)
16. UK car rental market revenue, by end-user, 2016 - 2022 (USD Million)
17. Asia Pacific car rental market revenue, by car type 2016 - 2022 (USD Million)
18. Asia Pacific car rental market revenue, by end-user, 2016 - 2022 (USD Million)
19. China car rental market revenue, by car type, 2016 - 2022 (USD Million)
20. China car rental market volume, by end-user, 2016 - 2022 (USD Million)
21. Japan car rental market revenue, by car type, 2016 - 2022 (USD Million)
22. Japan car rental market volume, by end-user, 2016 - 2022 (USD Million)
23. India car rental market revenue, by car type, 2016 - 2022 (USD Million)
24. India car rental market revenue, by end-user, 2016 - 2022 (USD Million)
25. Latin America car rental market revenue, by car type - 2020 (USD Million)
26. Latin America car rental market revenue, by end-user, 2016 - 2022 (USD Million)
27. Brazil car rental market revenue, by car type - 2020 (USD Million)
28. Brazil car rental market revenue, by end-user, 2016 - 2022 (USD Million)
29. Middle-East and Africa car rental market revenue, by car type - 2020 (USD Million)
30. Middle-East and Africa car rental market revenue, end-user, 2016 - 2022 (USD Million)
Methodology
FrequentlyAsked Questions
The market is flourishing due to the growing popularity of on-demand transport services and the small percentage of car ownership amongst millennial consumers. Additionally, throughout the travel and tourist business, there is a new trend which in turn results in increased demand for comfortable, dependable, and high-quality travel services by the commuters. Further, with an increase in the use of smartphones and a rise in internet penetration rate, the demand for online rental services is also increasing in developed countries. This in turn is fueling the overall market growth.
According to the Zion Market Research report, global car rental market was worth around USD 107.76 billion in 2024 and is estimated to grow to about USD 216.58 billion by 2034, with a compound annual growth rate (CAGR) of approximately 7.23% between 2025 and 2034.
North America is expected to lead the global car rental market with over 36 percent of the share. One of the major reasons supporting the expansion of the regional market is the increasing number of leisure and business journeys across the area, both domestically and globally. Furthermore, a steady movement in consumer preferences toward rental services, as well as the presence of major service providers in the region, including Enterprise Rent-a-Car and Avis Budget Group and are likely to boost revenue-generating opportunities.
The predominant players function in the global car rental market includes Uber Technologies, Inc., Localiza, Hertz System, Inc., Enterprise Holdings Inc, Europcar, Avis Budget Group, Eco Rent a Car, ANI Technologies Pvt. Ltd. (OLA TAXI’S), Carzonrent India Pvt Ltd., and SIXT amongst others.
Key factors that are driving the car rental market growth include an upsurge in travel and tourism activities across the globe and improved road infrastructure, coupled with increased disposable incomes, especially in emerging economies.
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