Car Rental Market Summary, Competitive Analysis and Forecast, 2018-2027
Summary
Global Car Rental industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-23, and forecast to 2028). 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.
- All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
- 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, major segments, and leading players in the global car rental market
- 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 2023?
- What will be the size of the global car rental market in 2028?
- What factors are affecting the strength of competition in the global car rental market?
- How has the market performed over the last five years?
- What are the main segments that make up the global car rental market?
Car Rental Market Summary, Competitive Analysis and Forecast, 2018-2027
Table of Contents
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. Competitive landscape
2 Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 Global Car Rental
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Car Rental in Asia-Pacific
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Car Rental in Europe
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7 Macroeconomic Indicators
7.1. Country data
8 Car Rental in Japan
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9 Macroeconomic Indicators
9.1. Country data
10 Car Rental in The United Kingdom
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11 Macroeconomic Indicators
11.1. Country data
12 Car Rental in The United States
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13 Macroeconomic Indicators
13.1. Country data
14 Car Rental in France
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15 Macroeconomic Indicators
15.1. Country data
16 Car Rental in Germany
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17 Macroeconomic Indicators
17.1. Country data
18 Company Profiles
18.1. Enterprise Holdings Inc
18.2. Hertz Global Holdings Inc
18.3. Booking Holdings Inc
18.4. Avis Budget Group Inc
18.5. Sixt SE
18.6. Europcar Mobility Group SA
19 Appendix
19.1. Methodology
19.2. 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: Global size of population (million), 2018-22
Table 9: Global gdp (constant 2005 prices, $ billion), 2018-22
Table 10: Global gdp (current prices, $ billion), 2018-22
Table 11: Global inflation, 2018-22
Table 12: Global consumer price index (absolute), 2018-22
Table 13: Global exchange rate, 2018-22
Table 14: Asia-Pacific car rental market value: $ billion, 2017-22
Table 15: Asia-Pacific car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Table 16: Asia-Pacific car rental market category segmentation: % share, by value, 2017-2022
Table 17: Asia-Pacific car rental market category segmentation: $ billion, 2017-2022
Table 18: Asia-Pacific car rental market geography segmentation: $ billion, 2022
Table 19: Asia-Pacific car rental market value forecast: $ billion, 2022-27
Table 20: Asia-Pacific car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Table 21: Europe car rental market value: $ billion, 2017-22
Table 22: Europe car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Table 23: Europe car rental market category segmentation: % share, by value, 2017-2022
Table 24: Europe car rental market category segmentation: $ billion, 2017-2022
Table 25: Europe car rental market geography segmentation: $ billion, 2022
Table 26: Europe car rental market value forecast: $ billion, 2022-27
Table 27: Europe car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Table 28: Europe size of population (million), 2018-22
Table 29: Europe gdp (constant 2005 prices, $ billion), 2018-22
Table 30: Europe gdp (current prices, $ billion), 2018-22
Table 31: Europe inflation, 2018-22
Table 32: Europe consumer price index (absolute), 2018-22
Table 33: Europe exchange rate, 2018-22
Table 34: Japan car rental market value: $ billion, 2017-22
Table 35: Japan car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Table 36: Japan car rental market category segmentation: % share, by value, 2017-2022
Table 37: Japan car rental market category segmentation: $ billion, 2017-2022
Table 38: Japan car rental market geography segmentation: $ billion, 2022
Table 39: Japan car rental market value forecast: $ billion, 2022-27
Table 40: Japan car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Table 41: Japan size of population (million), 2018-22
Table 42: Japan gdp (constant 2005 prices, $ billion), 2018-22
Table 43: Japan gdp (current prices, $ billion), 2018-22
Table 44: Japan inflation, 2018-22
Table 45: Japan consumer price index (absolute), 2018-22
Table 46: Japan exchange rate, 2018-22
Table 47: United Kingdom car rental market value: $ billion, 2017-22
Table 48: United Kingdom car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Table 49: United Kingdom car rental market category segmentation: % share, by value, 2017-2022
Table 50: United Kingdom car rental market category segmentation: $ billion, 2017-2022
Table 51: United Kingdom car rental market geography segmentation: $ billion, 2022
Table 52: United Kingdom car rental market value forecast: $ billion, 2022-27
Table 53: United Kingdom car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Table 54: United Kingdom size of population (million), 2018-22
Table 55: United Kingdom gdp (constant 2005 prices, $ billion), 2018-22
Table 56: United Kingdom gdp (current prices, $ billion), 2018-22
Table 57: United Kingdom inflation, 2018-22
Table 58: United Kingdom consumer price index (absolute), 2018-22
Table 59: United Kingdom exchange rate, 2018-22
Table 60: United States car rental market value: $ billion, 2017-22
Table 61: United States car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Table 62: United States car rental market category segmentation: % share, by value, 2017-2022
Table 63: United States car rental market category segmentation: $ billion, 2017-2022
Table 64: United States car rental market geography segmentation: $ billion, 2022
Table 65: United States car rental market value forecast: $ billion, 2022-27
Table 66: United States car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Table 67: United States size of population (million), 2018-22
Table 68: United States gdp (constant 2005 prices, $ billion), 2018-22
Table 69: United States gdp (current prices, $ billion), 2018-22
Table 70: United States inflation, 2018-22
Table 71: United States consumer price index (absolute), 2018-22
Table 72: United States exchange rate, 2018-22
Table 73: France car rental market value: $ billion, 2017-22
Table 74: France car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Table 75: France car rental market category segmentation: % share, by value, 2017-2022
Table 76: France car rental market category segmentation: $ billion, 2017-2022
Table 77: France car rental market geography segmentation: $ billion, 2022
Table 78: France car rental market value forecast: $ billion, 2022-27
Table 79: France car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Table 80: France size of population (million), 2018-22
Table 81: France gdp (constant 2005 prices, $ billion), 2018-22
Table 82: France gdp (current prices, $ billion), 2018-22
Table 83: France inflation, 2018-22
Table 84: France consumer price index (absolute), 2018-22
Table 85: France exchange rate, 2018-22
Table 86: Germany car rental market value: $ billion, 2017-22
Table 87: Germany car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Table 88: Germany car rental market category segmentation: % share, by value, 2017-2022
Table 89: Germany car rental market category segmentation: $ billion, 2017-2022
Table 90: Germany car rental market geography segmentation: $ billion, 2022
Table 91: Germany car rental market value forecast: $ billion, 2022-27
Table 92: Germany car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Table 93: Germany size of population (million), 2018-22
Table 94: Germany gdp (constant 2005 prices, $ billion), 2018-22
Table 95: Germany gdp (current prices, $ billion), 2018-22
Table 96: Germany inflation, 2018-22
Table 97: Germany consumer price index (absolute), 2018-22
Table 98: Germany exchange rate, 2018-22
Table 99: Enterprise Holdings Inc: key facts
Table 100: Enterprise Holdings Inc: Key Employees
Table 101: Hertz Global Holdings Inc: key facts
Table 102: Hertz Global Holdings Inc: Annual Financial Ratios
Table 103: Hertz Global Holdings Inc: Key Employees
Table 104: Hertz Global Holdings Inc: Key Employees Continued
Table 105: Booking Holdings Inc: key facts
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
Figure 13: Asia-Pacific car rental market value: $ billion, 2017-22
Figure 14: Asia-Pacific car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Figure 15: Asia-Pacific car rental market category segmentation: $ billion, 2017-2022
Figure 16: Asia-Pacific car rental market geography segmentation: % share, by value, 2022
Figure 17: Asia-Pacific car rental market value forecast: $ billion, 2022-27
Figure 18: Asia-Pacific car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Figure 19: Forces driving competition in the car rental market in Asia-Pacific, 2022
Figure 20: Drivers of buyer power in the car rental market in Asia-Pacific, 2022
Figure 21: Drivers of supplier power in the car rental market in Asia-Pacific, 2022
Figure 22: Factors influencing the likelihood of new entrants in the car rental market in Asia-Pacific, 2022
Figure 23: Factors influencing the threat of substitutes in the car rental market in Asia-Pacific, 2022
Figure 24: Drivers of degree of rivalry in the car rental market in Asia-Pacific, 2022
Figure 25: Europe car rental market value: $ billion, 2017-22
Figure 26: Europe car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Figure 27: Europe car rental market category segmentation: $ billion, 2017-2022
Figure 28: Europe car rental market geography segmentation: % share, by value, 2022
Figure 29: Europe car rental market value forecast: $ billion, 2022-27
Figure 30: Europe car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Figure 31: Forces driving competition in the car rental market in Europe, 2022
Figure 32: Drivers of buyer power in the car rental market in Europe, 2022
Figure 33: Drivers of supplier power in the car rental market in Europe, 2022
Figure 34: Factors influencing the likelihood of new entrants in the car rental market in Europe, 2022
Figure 35: Factors influencing the threat of substitutes in the car rental market in Europe, 2022
Figure 36: Drivers of degree of rivalry in the car rental market in Europe, 2022
Figure 37: Japan car rental market value: $ billion, 2017-22
Figure 38: Japan car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Figure 39: Japan car rental market category segmentation: $ billion, 2017-2022
Figure 40: Japan car rental market geography segmentation: % share, by value, 2022
Figure 41: Japan car rental market value forecast: $ billion, 2022-27
Figure 42: Japan car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Figure 43: Forces driving competition in the car rental market in Japan, 2022
Figure 44: Drivers of buyer power in the car rental market in Japan, 2022
Figure 45: Drivers of supplier power in the car rental market in Japan, 2022
Figure 46: Factors influencing the likelihood of new entrants in the car rental market in Japan, 2022
Figure 47: Factors influencing the threat of substitutes in the car rental market in Japan, 2022
Figure 48: Drivers of degree of rivalry in the car rental market in Japan, 2022
Figure 49: United Kingdom car rental market value: $ billion, 2017-22
Figure 50: United Kingdom car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Figure 51: United Kingdom car rental market category segmentation: $ billion, 2017-2022
Figure 52: United Kingdom car rental market geography segmentation: % share, by value, 2022
Figure 53: United Kingdom car rental market value forecast: $ billion, 2022-27
Figure 54: United Kingdom car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Figure 55: Forces driving competition in the car rental market in the United Kingdom, 2022
Figure 56: Drivers of buyer power in the car rental market in the United Kingdom, 2022
Figure 57: Drivers of supplier power in the car rental market in the United Kingdom, 2022
Figure 58: Factors influencing the likelihood of new entrants in the car rental market in the United Kingdom, 2022
Figure 59: Factors influencing the threat of substitutes in the car rental market in the United Kingdom, 2022
Figure 60: Drivers of degree of rivalry in the car rental market in the United Kingdom, 2022
Figure 61: United States car rental market value: $ billion, 2017-22
Figure 62: United States car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Figure 63: United States car rental market category segmentation: $ billion, 2017-2022
Figure 64: United States car rental market geography segmentation: % share, by value, 2022
Figure 65: United States car rental market value forecast: $ billion, 2022-27
Figure 66: United States car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Figure 67: Forces driving competition in the car rental market in the United States, 2022
Figure 68: Drivers of buyer power in the car rental market in the United States, 2022
Figure 69: Drivers of supplier power in the car rental market in the United States, 2022
Figure 70: Factors influencing the likelihood of new entrants in the car rental market in the United States, 2022
Figure 71: Factors influencing the threat of substitutes in the car rental market in the United States, 2022
Figure 72: Drivers of degree of rivalry in the car rental market in the United States, 2022
Figure 73: France car rental market value: $ billion, 2017-22
Figure 74: France car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Figure 75: France car rental market category segmentation: $ billion, 2017-2022
Figure 76: France car rental market geography segmentation: % share, by value, 2022
Figure 77: France car rental market value forecast: $ billion, 2022-27
Figure 78: France car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Figure 79: Forces driving competition in the car rental market in France, 2022
Figure 80: Drivers of buyer power in the car rental market in France, 2022
Figure 81: Drivers of supplier power in the car rental market in France, 2022
Figure 82: Factors influencing the likelihood of new entrants in the car rental market in France, 2022
Figure 83: Factors influencing the threat of substitutes in the car rental market in France, 2022
Figure 84: Drivers of degree of rivalry in the car rental market in France, 2022
Figure 85: Germany car rental market value: $ billion, 2017-22
Figure 86: Germany car rental market volume: billion Car Fleet - Absolute Unit, 2017-22
Figure 87: Germany car rental market category segmentation: $ billion, 2017-2022
Figure 88: Germany car rental market geography segmentation: % share, by value, 2022
Figure 89: Germany car rental market value forecast: $ billion, 2022-27
Figure 90: Germany car rental market volume forecast: billion Car Fleet - Absolute Unit, 2022-27
Figure 91: Forces driving competition in the car rental market in Germany, 2022
Figure 92: Drivers of buyer power in the car rental market in Germany, 2022
Figure 93: Drivers of supplier power in the car rental market in Germany, 2022
Figure 94: Factors influencing the likelihood of new entrants in the car rental market in Germany, 2022
Figure 95: Factors influencing the threat of substitutes in the car rental market in Germany, 2022
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