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Car Rental Market Analysis

  • Report ID: 4421
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Car Rental Market Analysis

Application (Commercial, Leisure)

The global car rental market is segmented and analyzed for demand and supply by application into commercial and leisure. Amongst these segments, the commercial segment is anticipated to garner the largest revenue by the end of 2037, backed by the growing number of tourists along with the surge in the tourism industry worldwide. For instance, travel and tourism industry contributed about USD 5.8 trillion to the global GDP in 2021, which marked an increase of USD 1 trillion as compared to 2020.

Our in-depth analysis of the global car market includes the following segments:

      By Vehicle Type
  • Luxury Cars
  • Executive Cars
  • Economy Cars
  • Sports Utility Vehicle (SUV)
  • Multi Utility Vehicle (MUV)

       By Rental Type
  • Local
  • Outstation

       By Application
  • Commercial
  • Leisure

       By Booking Type
  • Online
  • Offline
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Author Credits:  Saima Khursheed


  • Report ID: 4421
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of car rental is evaluated at USD 160.56 billion.

The car rental market size was valued at USD 149 billion in 2024 and is set to exceed USD 434.02 billion by the end of 2037, expanding at over 9.6% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for rented cars as well as rising disposable income along with growing sale of connected vehicles will propel the market growth.

North America industry is expected to hold the largest revenue share by 2037, backed by presence of a strong mobility network in the region.

The major players in the market include Hertz Global Holdings, Inc., Fox Rent A Car, Avis Budget Group, Inc., Sixt Rent A Car, LLC, Europcar International S.A.S.U., Uber Technologies Inc., Silvercar, Inc., Enterprise Holdings, Inc., Ecos (I) Mobility & Hospitality Pvt Ltd., Carzonrent India Pvt. Ltd.
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