Global Car Rental Industry: Market Share, Trends, Y-O-Y Growth Rate, Insights, Demand Analysis, Forecast 2016-2024

Global Car Rental Industry Estimated to Grow at a CAGR of 5.7% over the Forecast Period 2016-2024

According to Goldstein Research, global car rental industry is projected to reach the market size of USD 85.1 billion by 2024, growing at a compounded annual growth rate of 5.7% during the forecast period 2016-2024. The growing tourism in a country and government initiatives to provide a driving license to the foreigners is majorly driving the growth of the market.

Global car rental industry segmentation has been carried out on the basis of rental type, service type, vehicle type, mode of booking and geography. Based on the mode of booking, the high market share of offline bookings is declining and the share of online bookings is growing at a fast rate. Global car rental industry is largely driven by North America with a revenue share of 40% in 2016, followed by the Asia Pacific car rental market which is growing at a CAGR of 6.2% during the forecast period.

Industry Segmentation

On the basis of our in-depth analysis, Global Car Rental Industry can be segmented as follows:

  • By Rental Type
    • Interstate Services
    • Intrastate Services
    • Airport Transfers
  • By Services Type
    • Chauffeur Drive
    • Special Events
    • Self-Driving
    • Car Pool
    • Taxi Services
  • By Vehicles Type
    • Luxury Cars
    • Executive Cars
    • Economy Cars
    • Sports Utility Vehicles
    • Multi Utility Vehicles
  • By Mode of Booking
    • Online Bookings
    • App-based car rental services
    • Telephonic car rental services
    • Web-Based Car Rental Services
    • Offline Bookings
  • By Region
    • North America (US, Canada) {Industry Share (%), Industry Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}


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“Car Rental Industry Analysis” contains a detailed overview of the global car rental industry. On the basis of our in-depth analysis, the industry can be segmented in terms of industry segmentation by rental type, service type, vehicle type and mode of booking.

Further, for the in-depth analysis, Global Car Rental Industry Report encompasses the industry growth drivers, industry challenges, risk analysis, industry attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market research report also includes competitive outlook of some of the major players profiling of companies such as Rent-A-Car, Hertz Global Holdings, Inc., Avis Budget Group Inc., Europcar Groupe S.A., Sixt AG., Carzonrent, Enterprise Holding, Uber, OLA, LYFT, Hailo, Grab Taxi, Didi Dache, Gett, LeCAb, clarify, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global car rental industry share along with industry forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their industry-centric strategies according to the ongoing and expected trends in the future.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the industry, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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