Car Rental Market Demands, Industry Analysis and Forecast By 2026

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Car Rental

A report by ARC estimated that the car rental market will surpass $187.5 billion by 2026, representing an average annual growth rate of 13.7 percent from 2019 to 2026.

During last few years, the trend of the car and automotive buying has changed the scenario. Rental cars have got the traction during last few years. Car rental service provides car and automobiles on rent for limited and small time periods. This time period may varies from few hours to weeks as per the requirement of the customer. These services are majorly located near tourist place, airports, and city. Being convenient and changing trends have increased the adoption of the car rental thus, driving the growth of the market.

The global car rental market is majorly driven by increasing number of car rental services, changing lifestyle, and increasing spending power of the people. Increasing tourism activities and continuously increasing tourism budget have supported the growth of the car rental market. During last few years, there many government are focusing on the development of the country to increase the tourism. On the other hand, high prices of the car rent in developed counters may slow the growth of the market.

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The global car rental market is expected to have a steady growth owing to the increasing adoption of rental vehicles, rising demand for the car rentals from developing countries, and increasing concern towards the environment. Increased concern toward fuel efficiency of the vehicles have supported the growth of the market. On the other hand, presence of huge grey market will slow the growth of the market during the forecasted period.

Global Car Rental market is segmented by booking type, vehicle type, and application.

Based on the booking type, the car rental market is segmented into online access, and offline access. Online access holds the major share in the global market. Based on the vehicle type, the car rental market is segmented into economy/budget cars, luxury/premium car. Economy/budget cars dominate the global car rental market. On the basis of application, the car rental market is segmented into leisure/tourism and business. Leisure/tourism dominates the global car rental market. Leisure/tourism is the major way and application for the car rental which is the reason the market is expected to dominate.

Geographically, the car rental market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

North America dominates the global Car Rental market owing to the growing adoption of rental vehicles and increased investment in the tourism by countries such as the U.S. and Mexico are driving the market growth in North America. Europe accounts for the second leading share in the global car rental market. Increased number of car rentals in the developing countries such as Japan, Korea, and China are significantly driving the market growth. Moreover, rapid urbanization and growth in buying power have increased the demand for rental vehicles. Continuously increasing tourism activates in Asia Pacific region have supported the growth of the car rental market in Asia Pacific. On the other hand, LAMEA holds the least share in the global car rental market. Middle East holds the major share in the LAMEA market owing to the huge spending power of the people and continuously increasing tourism activities.

Some of the major players in the market are Avis Budget Group Inc., Eco Rent a Car, Enterprise Holdings Inc., Europcar Group, Car2go, Hertz Corp., Sixt, Movida, Ace Rent-a-car, Global Cars, Localiza–Rent-a-car SA, Advantage Rent-a-car, National Car Rental, Locamerica, and others.

The market research study on “Car Rental Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Car Rental market. The report also analyzes the key players operating in Car Rental market and identifies the key strategies deployed by them along with the market share of leading players.

The global Car Rental market is segmented as below:

Market by Booking Type

  • Online Access
  • Offline Access

Market by Vehicle Type

  • Economy/Budget Cars
  • Luxury/Premium Car.

Market by Application

  • Leisure/Tourism
  • Business

Market by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Sweden
    • Norway
    • Denmark
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • India
    • Rest of Asia-Pacific
  • Rest of the World
    • UAE
    • Qatar
    • Saudi Arabia
    • South Africa
    • Rest of the World

Global Car Rental market is segmented by booking type, vehicle type, and application.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Car Rental
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Car Rental Market By Booking Type
1.2.2.1. Global Car Rental Market Revenue and Growth Rate Comparison By Booking Type (2015-2026)
1.2.2.2. Global Car Rental Market Revenue Share By Booking Type in 2017
1.2.2.3. Online Access
1.2.2.4. Offline Access
1.2.3. Car Rental Market By Vehicle Type
1.2.3.1. Global Car Rental Market Revenue and Growth Rate Comparison By Vehicle Type (2015-2026)
1.2.3.2. Economy/Budget Cars
1.2.3.3. Luxury/Premium Car.
1.2.4. Car Rental Market By Application
1.2.4.1. Global Car Rental Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Leisure/Tourism
1.2.4.3. Business
1.2.5. Car Rental Market by Geography
1.2.5.1. Global Car Rental Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Car Rental Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Car Rental Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Car Rental Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Car Rental Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Car Rental Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Car Rental Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Car Rental Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Car Rental Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Car Rental Major Manufacturers in 2017

CHAPTER 4. CAR RENTAL MARKET BY BOOKING TYPE
4.1. Global Car Rental Revenue By Booking Type
4.2. Online Access
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Offline Access
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. CAR RENTAL MARKET BY VEHICLE TYPE
5.1. Global Car Rental Revenue By Vehicle Type
5.2. Economy/Budget Cars
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Luxury/Premium Car.
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. CAR RENTAL MARKET BY APPLICATION
6.1. Global Car Rental Revenue By Application
6.2. Leisure/Tourism
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. Business
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 7. NORTH AMERICA CAR RENTAL MARKET BY COUNTRY
7.1. North America Car Rental Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. North America Car Rental Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Car Rental Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 8. EUROPE CAR RENTAL MARKET BY COUNTRY
8.1. Europe Car Rental Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Europe Car Rental Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC CAR RENTAL MARKET BY COUNTRY
9.1. Asia-Pacific Car Rental Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Asia-Pacific Car Rental Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
9.6.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
9.7.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
9.8.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 10. LATIN AMERICA CAR RENTAL MARKET BY COUNTRY
10.1. Latin America Car Rental Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Latin America Car Rental Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 11. MIDDLE EAST CAR RENTAL MARKET BY COUNTRY
11.1. Middle East Car Rental Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Middle East Car Rental Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 12. AFRICA CAR RENTAL MARKET BY COUNTRY
12.1. Africa Car Rental Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Africa Car Rental Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
12.3.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
12.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
12.4.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
12.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Booking Type, 2015 – 2026 ($Million)
12.5.2. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
12.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 13. COMPANY PROFILE
13.1. Avis Budget Group Inc.
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
    13.1.6. Strategies
13.2. Eco Rent a Car
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Enterprise Holdings Inc.
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Europcar Group
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Car2go
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Hertz Corp.
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Sixt
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Movida
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Ace Rent-a-car
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Global Cars
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Localiza–Rent-a-car SA
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. Advantage Rent-a-car
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Type Portfolio
13.12.5. Key Developments
13.12.6. Strategies
13.13. National Car Rental
13.13.1. Company Snapshot
13.13.2. Overview
13.13.3. Financial Overview
13.13.4. Type Portfolio
13.13.5. Key Developments
13.13.6. Strategies
13.14. Locamerica
13.14.1. Company Snapshot
13.14.2. Overview
13.14.3. Financial Overview
13.14.4. Type Portfolio
13.14.5. Key Developments
13.14.6. Strategies
13.15. Others
13.15.1. Company Snapshot
13.15.2. Overview
13.15.3. Financial Overview
13.15.4. Type Portfolio
13.15.5. Key Developments
13.15.6. Strategies

CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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