Global Car Rental Market Report, Share | Trends, Growth, Size, Region and Forecast Till 2025

Global Car Rental Market Research Report and Forecast 2025

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Report Description

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Report Description and Highlights

Report Description

Global Car Rental Market Overview: Car rental refers to the hiring services for passenger cars over a predefined period. The services can be accessed through online or offline channels by serving travelers who do not own private vehicles. Car rental is a pocket-friendly alternative to owning a vehicle since it provides freedom of movement, lowcost traveling and helps in avoiding high ownership expenses. Several service providers also offer additional services, such as car damage repair, insurance, entertainment systems, global positioning systems (GPS) devices, and Wi-Fi networks.

Global Car Rental Market Trends The demand for car rental services is being propagated by the growing tourism sector along with increasing gravitation towards adventure and travel, especially among the millennial population.

Furthermore, these services are also being availed in the form of taxis and carpooling by individuals for better mobility and cost-effective traveling. Additionally, the launch of favorable government policies and rising environmental concerns have resulted in increased emphasis on minimizing vehicular emissions and promoting car rental services. Moreover, the inception of car rental services through websites and mobile applications is further anticipated to spur the car rental market.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2012

2013

2014

2015

2016

2017

2018

2019

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2020

175.9

181.2

186.5

165.3

170.6

2021

2022

2023

2024

2025

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Report Description and Highlights

Report Description Car Rental Market Segmentation: Breakup by Booking: • •

Offline Booking Online Booking

Breakup by Rental Length: • •

Short Term Long Term

Breakup by Vehicle Type: • • • • •

Luxury Executive Economy SUVs Others

Report Description and Highlights

Report Description Breakup by Application: Leisure/Tourism Business Breakup by End-User: • •

Self-Driven Chauffeur-Driven

Breakup by Region: • • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

Browse Full Report With TOC: https://www.imarcgroup.com/car-rental-market

Report Description and Highlights

Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • •

Avis Budget Group, Inc. Carzonrent India Private Limited Eco rent a car Enterprise Holdings, Inc. Enterprise Rent-A-Car Europcar Localiza Sixt SE The Hertz Corporation

A partial List of

We are the trusted business partners to the

Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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