Automotive Rental Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Automotive Rental Market Size and Growth
The global automotive rental market is projected to reach a size of $87.5 billion by 2027, with a compound annual growth rate of 4.7% from 2020-2027. Market conditions are influenced by factors such as increasing travel and tourism activities, rising demand for flexible mobility solutions, and advancements in technology.
Companies Covered
(Covid 19 Impact Covered)
◍ Enterprise
◍ Hertz
◍ Avis Budget
◍ ALD Automotive
◍ Arval
◍ Sixt
◍ Europcar
◍ Localiza
◍ Unidas
◍ CAR Inc.
◍ Shouqi Group
◍ Goldcar
◍ Movida
◍ Fox Rent A Car
◍ eHi Car Services
◍ U-Save
◍ Yestock Car Rental
The automotive rental market is highly competitive with key players such as Enterprise, Hertz, Avis Budget, ALD Automotive, Arval, Sixt, Europcar, Localiza, Unidas, CAR Inc., Shouqi Group, Goldcar, Movida, Fox Rent A Car, eHi Car Services, U-Save, and Yestock Car Rental dominating the industry. These companies offer a wide range of rental options and services, such as short-term and longterm rentals, car sharing, and leasing. They utilize advanced technologies and strategic partnerships to expand their market presence and cater to different customer segments.
- Enterprise: $22.9 billion
- Hertz: $9.8 billion
- Avis Budget: $8.8 billion
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