Car Rental Services Market Trends, Growth, Scope, Size, Overall Analysis and Prognostication by 2026

The global car rental services market was valued at USD 92.92 Billion in 2020 and is estimated to reach USD 214.04 Billion by 2027, expanding at a CAGR of approximately 11% during the period, 2020 – 2027. The growth of the market in the forecasted period is attributed to the increase of disposable income in developing nations, thus resulting in the rise in business and leisure trips.

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A car rental service rents a car for a certain duration of time ranging from a few hours to few days and accordingly charges a suitable fee. It is organized with local branches that allows a user to return the vehicle to a different location. Increasing adoption of information technology and the ability to deliver their services with ease and convenience through mobile applications is expected to drive the market in the forecasted period.

Internet booking applications have become an integral feature in all the major car rental service providers. These services are generally situated close to the airports and usually allow the online reservations. The target audience for the car rental companies are people who require a temporary vehicle for leisure and business trips.

Segments Covered in the Report:
By Key Players

• Enterprise Rent-A-Car
• The Hertz Corporation
• Sixt SE
• Europcar
• Avis Budget Group

By Application:

• Leisure
• Commercial

By Rental Category:

• Local Station
• Outstation
• Airport

By Vehicle Type:

• Luxury Car
• Executive Car
• Economical Car
• Multiple Utility Vehicle
• Sports Utility Vehicle

By Regions:

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

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Table Of Content:
 
1. Executive Summary
2.Assumptions and Acronyms Used

3.Research Methodology

4.Car Rental Services Market Overview

4.1. Introduction

4.1.1. Market Taxonomy

4.1.2. Market Definition

4.2. Macro-Economic Factors

4.2.1. Industry Outlook

4.3. Car Rental Services Market Dynamics

4.3.1. Market Drivers

4.3.2. Market Restraints

4.3.3. Opportunity

4.3.4. Market Trends

4.4. Car Rental Services Market – Supply Chain

4.5. Global Car Rental Services Market Forecast

4.5.1. Car Rental Services Market Size (US$ Mn) and Y-o-Y Growth

4.5.2. Car Rental Services Market Size (000? Units) and Y-o-Y Growth

4.5.3. Car Rental Services Market Absolute $ Opportunity

5. Global Car Rental Services Market Analysis and Forecast by Type

5.1. Market Trends

5.2. Introduction

5.2.1. Basis Point Share (BPS) Analysis by Type

5.2.2. Y-o-Y Growth Projections by Type

5.3. Car Rental Services Market Size and Volume Forecast by Type

5.3.1. Offline Access

5.3.2. Mobile Application

5.3.3. Others

5.4. Absolute $ Opportunity Assessment by Type

5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Car Rental Services Market Analysis and Forecast by Application

6.1. Market Trends

6.2. Introduction

6.2.1. Basis Point Share (BPS) Analysis by Application

6.2.2. Y-o-Y Growth Projections by Application

6.3. Car Rental Services Market Size and Volume Forecast by Application

6.3.1. Intercity

6.3.2. Intracity

6.3.3. On-Airport

6.3.4. Others

6.4. Absolute $ Opportunity Assessment by Application

6.5. Market Attractiveness/Growth Potential Analysis by Application
Continued….

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