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Car Rental Market Share

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

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Car Rental Market Share

Regionally, the global market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2037, backed by the presence of a strong mobility network in the region, surge in the number of people opting for rental cars well as the growing car rental industry. For instance, the rental car industry’s revenue in United States accounted around USD 28 billion in 2021.

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Car Rental Market Size & Share | Growth Forecasts 2037

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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