Global Car Rental Market Size, Share, Growth & Trends Analysis Report By Car Type (Executive cars, Economy Cars, MUVs, Luxury Cars, SUVs) By Application (Airport Transport, Local Usage, Outstation, Others ((Including self-drive, event transportation, employee transportation solutions)) and Regional Market Intelligence and Forecast 2019-2026
Date: Sep-2019 | Id: MACRC-0009 | Geographical Scope: Global | Publisher: MACRC
Introduction
Car rental is a service that provides short-term rental cars and automobiles. Generally, this period ranges from a few hours to weeks. Car rental service is mainly located in the nearby area of airports, tourist destinations or cities, etc. There are many conditions for renting a car that can vary from country to country. Most car rental companies use a credit card to collect additional charges or deposit amounts before renting a car. Some companies are asking for identity documents to be transported while renting a car.
Market Dynamics
With rising levels of pollution and population, the car rental industry has undergone a substantial transformation in recent years, becoming one of the most leading fleet transport industries. Manufacturers and consumers depend on a variety of cost-effective car rental schemes, such as three-year leasing of their owner's cars and then renting them through app-based reservations. Furthermore, car rentals contribute significantly to curb the level of pollution by reducing owned vehicle volumetric sales. In addition, with increased air traffic and trend growth in online car booking, car rentals are the preferred options for travel, as cars are the most cost-effective and fastest mode of transport. These advantages promote exponential growth in the car rental industry.
Regional Outlook
It is anticipated that North America will flourish as a dominant region during the forecast period due to the favorable consumer preferences coupled with the presence of a large number of key operators in the region. The car rental market in North America was valued at about 83.25 USD Billion in 2018 and is likely to reach a value of around 159.73 USD Billion in 2024. Major issues such as the expansion and advancement of the global travel and tourism industry, the advanced digital technology integration in car rental services and global funds investment are aggregator-based business models which help in accelerating this market. Factors such as the negative impact on expenditure in the car rental industry of volatile gasoline and petroleum products prices, huge traffic problems in metropolitan cities, and the environmental impact of pollution are hampering the car rental market growth.
Market Segmentation
On the Basis of Application
On the Basis of Geography
Key Players
Major key players operating in the global car rental market are Al-Futtaim Group, Avis Budget Group, Inc, Sixt Rent-A-Car, Localiza Rent A Car, The Hertz Corporation, Enterprise Rent-A-Car, Europcar, Carzonrent, and Eco Rent A Car.
Key Questions Addressed by the Report
Car rental is a service that provides short-term rental cars and automobiles. Generally, this period ranges from a few hours to weeks. Car rental service is mainly located in the nearby area of airports, tourist destinations or cities, etc. There are many conditions for renting a car that can vary from country to country. Most car rental companies use a credit card to collect additional charges or deposit amounts before renting a car. Some companies are asking for identity documents to be transported while renting a car.
Market Dynamics
With rising levels of pollution and population, the car rental industry has undergone a substantial transformation in recent years, becoming one of the most leading fleet transport industries. Manufacturers and consumers depend on a variety of cost-effective car rental schemes, such as three-year leasing of their owner's cars and then renting them through app-based reservations. Furthermore, car rentals contribute significantly to curb the level of pollution by reducing owned vehicle volumetric sales. In addition, with increased air traffic and trend growth in online car booking, car rentals are the preferred options for travel, as cars are the most cost-effective and fastest mode of transport. These advantages promote exponential growth in the car rental industry.
Regional Outlook
It is anticipated that North America will flourish as a dominant region during the forecast period due to the favorable consumer preferences coupled with the presence of a large number of key operators in the region. The car rental market in North America was valued at about 83.25 USD Billion in 2018 and is likely to reach a value of around 159.73 USD Billion in 2024. Major issues such as the expansion and advancement of the global travel and tourism industry, the advanced digital technology integration in car rental services and global funds investment are aggregator-based business models which help in accelerating this market. Factors such as the negative impact on expenditure in the car rental industry of volatile gasoline and petroleum products prices, huge traffic problems in metropolitan cities, and the environmental impact of pollution are hampering the car rental market growth.
Market Segmentation
- On the Basis of Car Type
- Executive Cars
- Economy Cars
- MUVs
- Luxury Cars
- SUVs
On the Basis of Application
- Airport Transport
- Local Usage
- Outstation
- Others ((Including self-drive, event transportation, employee transportation solutions)
On the Basis of Geography
- North America
- Europe Asia-Pacific
- Middle East and Africa
- Latin America
Key Players
Major key players operating in the global car rental market are Al-Futtaim Group, Avis Budget Group, Inc, Sixt Rent-A-Car, Localiza Rent A Car, The Hertz Corporation, Enterprise Rent-A-Car, Europcar, Carzonrent, and Eco Rent A Car.
Key Questions Addressed by the Report
- What are the global opportunities in the car rental industry?
- What is the competitive landscape in the car rental market?
- What are the key trends and dynamics existing in the car rental market?
- What is the future growth potential for Car rental industry?
- Which segments offer high growth opportunities for Global car rental business?
- What are the growth drivers and constraints for regional car rental market?
- How is the global environment going to affect the car rental market?
- What are the key success factors and unmet needs in the car rental industry?
- What are the car rental business strategic growth opportunities?
- What will be the global car rental market outlook in 2026?
- What was the historical outlook for the car rental industry?
- Where will all these developments take the industry in the mid to long-term?
- What is the Car Rental Business Strategy?
- What are car rental price trends?
CHAPTER 1. INDUSTRY OVERVIEW 1.1. Definition and Scope 1.1.1. Definition of Car Rental Market 1.1.2. Market Segmentation 1.1.3. Key Research Objectives 1.1.4. Research Highlights 1.2. Assumptions and Research Methodology 1.2.1. Research Methodology 1.2.2. Research Assumptions 1.2.3. Secondary Research 1.2.4. Primary Research 1.2.5. Abbreviations & Research Terminology 1.3. Executive Summary 1.3.1. Introduction 1.3.2. Market Dynamics 1.3.3. Car Rental Market By Car Type 1.3.3.1. Global Car Rental Market Size and Growth Rate By Car Type (2015-2026) 1.3.3.2. Executive Cars 1.3.3.3. Economy Cars 1.3.3.4. MUVs 1.3.3.5. Luxury Cars 1.3.3.6. SUVs 1.3.4. Car Rental Market By Application 1.3.4.1. Global Car Rental Market Size and Growth Rate By Application (2015-2026) 1.3.4.2. Airport Transport 1.3.4.3. Local Usage 1.3.4.4. Lightening 1.3.4.5. Outstation 1.3.4.6. Others (self drive, event transportation, employee transportation solutions) 1.3.5. Car Rental Market by Geography 1.3.5.1. Global Car Rental Market Size and Growth Rate by Geography (2015-2026) 1.3.5.2. North America Car Rental Market Size and Growth Rate (2015-2026) 1.3.5.3. Europe Car Rental Market Size and Growth Rate (2015-2026) 1.3.5.4. Asia-Pacific Car Rental Market Size and Growth Rate (2015-2026) 1.3.5.5. Latin America Car Rental Market Size and Growth Rate (2015-2026) 1.3.5.6. Middle East and Africa (MEA) Car Rental Market Size and Growth Rate (2015-2026) CHAPTER 2. MARKET OVERVIEW 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/ Supply Chain Analysis 2.5.1. Raw Materials Sources 2.5.2. List of Customers 2.6. Patent and Regulatory Compliance 2.7. Competitive Landscape, 2018 2.7.1. Player Positioning Analysis (Ranking-wise) 2.7.2. Key Strategies Adopted By Leading Players 2.7.3. Capacity and Commercial Production CHAPTER 3. CAR RENTAL MARKET BY CAR TYPE 3.1. Global Car Rental Market Revenue By Car Type 3.2. Executive Cars 3.2.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 3.2.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 3.3. Economy Cars 3.3.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 3.3.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 3.4. MUVs 3.4.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 3.4.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 3.5. Luxury Cars 3.5.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 3.5.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 3.6. SUVs 3.6.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 3.6.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) CHAPTER 4. CAR RENTAL MARKET BY APPLICATION 4.1. Global Car Rental Market Revenue By Application 4.2. Airport Transport 4.2.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.2.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 4.3. Local Usage 4.3.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.3.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 4.4. Lightening 4.4.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.4.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 4.5. Outstation 4.5.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.5.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) 4.6. Others (self-drive, event transportation, employee transportation solutions) 4.6.1. Market Size and Growth Rate, 2015 - 2026 ($Million) 4.6.2. Market Size and Growth , By Region, 2015 - 2026 ($Million) CHAPTER 5. NORTH AMERICA CAR RENTAL MARKET BY COUNTRY 5.1. North America Car Rental Market Size and Growth Rate, 2015 - 2026 ($Million) 5.2. North America Car Rental Market Revenue Share Comparison, 2015 & 2026 (%) 5.3. U.S. 5.3.1. U.S. Car Rental Market Size and Growth By Car Type, 2015 - 2026 ($Million) 5.3.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 5.4. Canada 5.4.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 5.4.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 5.5. Mexico 5.5.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 5.5.2. Market Size and Growth By Application, 2015 - 2026 ($Million) CHAPTER 6. EUROPE CAR RENTAL MARKET BY COUNTRY 6.1. Europe Car Rental Market Size and Growth Rate, 2015 - 2026 ($Million) 6.2. Europe Car Rental Market Revenue Share Comparison, 2015 & 2026 (%) 6.3. UK 6.3.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 6.3.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 6.4. Germany 6.4.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 6.4.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 6.5. France 6.5.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 6.5.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 6.6. Spain 6.6.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 6.6.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 6.7. Rest of Europe 6.7.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 6.7.2. Market Size and Growth By Application, 2015 - 2026 ($Million) CHAPTER 7. ASIA-PACIFIC CAR RENTAL MARKET BY COUNTRY 7.1. Asia-Pacific Car Rental Market Size and Growth Rate, 2015 - 2026 ($Million) 7.2. Asia-Pacific Car Rental Market Revenue Share Comparison, 2015 & 2026 (%) 7.3. China 7.3.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 7.3.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 7.4. Japan 7.4.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 7.4.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 7.5. India 7.5.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 7.5.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 7.6. Australia 7.6.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 7.6.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 7.7. South Korea 7.7.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 7.7.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 7.8. Rest of Asia-Pacific 7.8.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 7.8.2. Market Size and Growth By Application, 2015 - 2026 ($Million) CHAPTER 8. LATIN AMERICA CAR RENTAL MARKET BY COUNTRY 8.1. Latin America Car Rental Market Size and Growth Rate, 2015 - 2026 ($Million) 8.2. Latin America Car Rental Market Revenue Share Comparison, 2015 & 2026 (%) 8.3. Brazil 8.3.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 8.3.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 8.4. Argentina 8.4.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 8.4.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 8.5. Rest of Latin America 8.5.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 8.5.2. Market Size and Growth By Application, 2015 - 2026 ($Million) CHAPTER 9. MIDDLE EAST CAR RENTAL MARKET BY COUNTRY 9.1. Middle East Car Rental Market Size and Growth Rate, 2015 - 2026 ($Million) 9.2. Middle East Car Rental Market Revenue Share Comparison, 2015 & 2026 (%) 9.3. Saudi Arabia 9.3.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 9.3.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 9.4. UAE 9.4.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 9.4.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 9.5. Rest of Middle East 9.5.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 9.5.2. Market Size and Growth By Application, 2015 - 2026 ($Million) CHAPTER 10. AFRICA CAR RENTAL MARKET BY COUNTRY 10.1. Africa Car Rental Market Size and Growth Rate, 2015 - 2026 ($Million) 10.2. Africa Car Rental Market Revenue Share Comparison, 2015 & 2026 (%) 10.3. South Africa 10.3.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 10.3.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 10.4. Egypt 10.4.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 10.4.2. Market Size and Growth By Application, 2015 - 2026 ($Million) 10.5. Rest of Africa 10.5.1. Market Size and Growth By Car Type, 2015 - 2026 ($Million) 10.5.2. Market Size and Growth By Application, 2015 - 2026 ($Million) CHAPTER 11. COMPANY PROFILE 11.1. AI-Futtaim Group 11.1.1. Company Snapshot 11.1.2. Financial Overview 11.1.3. Product Portfolio 11.1.4. SWOT Analysis 11.1.5. Recent Development 11.2. Avis Budget Group 11.2.1. Company Snapshot 11.2.2. Financial Overview 11.2.3. Product Portfolio 11.2.4. SWOT Analysis 11.2.5. Recent Development 11.3. Sixt Rent-A-Car 11.3.1. Company Snapshot 11.3.2. Financial Overview 11.3.3. Product Portfolio 11.3.4. SWOT Analysis 11.3.5. Recent Development 11.4. Localiza Rent A Car 11.4.1. Company Snapshot 11.4.2. Financial Overview 11.4.3. Product Portfolio 11.4.4. SWOT Analysis 11.4.5. Recent Development 11.5. The Hertz Corporation 11.5.1. Company Snapshot 11.5.2. Financial Overview 11.5.3. Product Portfolio 11.5.4. SWOT Analysis 11.5.5. Recent Development 11.6. Enterprise Rent-A-Car 11.6.1. Company Snapshot 11.6.2. Financial Overview 11.6.3. Product Portfolio 11.6.4. SWOT Analysis 11.6.5. Recent Development 11.7. EuropCar 11.7.1. Company Snapshot 11.7.2. Financial Overview 11.7.3. Product Portfolio 11.7.4. SWOT Analysis 11.7.5. Recent Development 11.8. Carzonrent 11.8.1. Company Snapshot 11.8.2. Financial Overview 11.8.3. Product Portfolio 11.8.4. SWOT Analysis 11.8.5. Recent Development 11.9. Eco Rent A Car 11.9.1. Company Snapshot 11.9.2. Financial Overview 11.9.3. Product Portfolio 11.9.4. SWOT Analysis 11.9.5. Recent Development 11.10. Others 11.10.1. Company Snapshot 11.10.2. Financial Overview 11.10.3. Product Portfolio 11.10.4. SWOT Analysis 11.10.5. Recent Development CHAPTER 12. APPENDIX 12.1. Questionnaire 12.2. Recent Trade Exhibitions, Blogs etc. Brief Overview
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