Car Rental Product Market Report – 2025 Outlook, Trends, Share, Size & Forecast
MarkNtel Advisors has unveiled its latest research report on the Car Rental Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Car Rental industry.
Car Rental Market Size: 2025 Outlook
The Global Car Rental Market size is valued at around USD 108 Billion in 2024 and is projected to reach around USD 256 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18.84% during the forecast period i.e., 2025-30. Various factors, including the diversification of services, increasing urbanization, rising disposable income, ascending preference for on-demand transportation, and growth of tourism, have played a major role in the market growth & would continue to support the market expansion.
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? Scope of the Report
- Forecasts till 2030 with year-wise market breakdown
- Geographical and segment-level analysis
- Company profiles and strategic insights
- Key market drivers and restraints
- Analysis of market trends and investment opportunities
What’s Driving the Market?
Expansion of Global Tourism to Augment the Market Growth - Tourism is a rapidly growing industry, especially in countries like China, the UAE, France, etc., and this has been a major driver for the Car Rental market across the globe. According to World Travel and Tourism Council, the growth rate of the global travel & tourism sector outpaced the growth of the global economy for nine consecutive years prior to the COVID-19 pandemic. During the pandemic, the industry witnessed a downfall of 50.4%, and later on, it recovered by 21.7% in 2021. As more individuals travel globally, they seek convenient means of transportation, owing to which they opt for these services.
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Car Rental Market Segmentation
By Revenue (USD Million)
- Transaction Volume (Million)
- Market Share & Analysis
- By Booking Mode
- Offline
- Online
By Application
- Leisure
- Business
- By Vehicle Type
- Luxury
- Economy Cars
- Executive Cars
- Sports Utility Vehicles (SUVs)
- Multi Utility Vehicles (MUVs)
By Rental Category
- Local
- Airport
- Outstation
By Driver Type
- Self-Driving
- Chauffeur
By Rental Duration
- Short Term
- Long Term
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
? Industry Leaders: Who’s Dominating the Car Rental Market?
The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:
- Avis Budget Group
- Sixt SE
- Enterprise Holdings (Alamo)
- Hertz Corp.
- Europcar
- Localiza
- Carzonrent India Pvt. Ltd. (CIPL)
- ZoomCar, Inc.
- Dollar Rent a Car
- Green Motion
- Buchbinder
- Others
These companies are focused on health-based R&D, expansion, and functional ingredient diversification.
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? Frequently Asked Questions (FAQs)
- What are the main drivers of the Car Rental market?
- Which segment leads the Car Rental industry?
- What regulatory challenges impact product development?
- Who are the top players in the Car Rental industry?
About US:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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