Car Rental Market
Car Rental Market - Global Industry Assessment & Forecast
#
Pages:
147
2022
Aug - 2022
VMR-1768
Segments Covered
By
Application Leisure, Commercial
-
By
Rental Category On Airport, Off Airport
-
By
Car Type Luxury Cars, Executive Cars, Economical Cars, Sports Utility Vehicles (SUVs), Multi Utility Vehicles (MUVs)
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 102.12 Billion |
 Revenue 2030:
|
USD 141.93 Billion |
 Revenue CAGR
(2023 - 2030): |
4.20% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Car Rental Market by Application by Rental Category by Car Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Car Rental market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Car Rental market.
Vantage Market
Research | 02-Aug-2022
FAQ
Frequently Asked Question
What is the global demand for Car Rental in terms of revenue?
-
The global Car Rental valued at USD 102.12 Billion in 2022 and is expected to reach USD 141.93 Billion in 2030 growing at a CAGR of 4.20%.
Which are the prominent players in the market?
-
The prominent players in the market are Avis Budget Group, Europcar, Enterprise Holdings Inc., Hertz System Inc., Localiza SIXT, Uber Technologies Inc., Carzonrent India Pvt Ltd., Eco Rent a Car, Ani Technologies Private Limited (Ola Cabs.Com).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Car Rental include
- Increasing trend of on-demand transportation services
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Car Rental in 2022.
