PUBLISHER: GlobalData | PRODUCT CODE: 1457153
PUBLISHER: GlobalData | PRODUCT CODE: 1457153
Car Rental Market Size, Share, Trends, Analysis, and Forecasts by Customer Type (Business and Leisure), Rental Location (Airport and Non-Airport), Rental Sales by Channel (Online and Offline), Fleet Size, Rental Occasion, and Days, Average Revenue Per Day and Rental Length, Utilization Rate and By Region and Segment, 2019-2027
The global car rental market was valued at $91.2 billion in 2023. The market is expected to grow at a CAGR of 8.7% during 2024-2027. The study provides an executive-level overview of the current car rental market worldwide, with detailed forecasts of key indicators up to 2027.
This market intelligence report offers a thorough, forward-looking analysis of the global car rental market by customer type (business, leisure) & rental location (airport, non-airport), rental sales by channel (online, offline), region, and key drivers in a concise format to help executives build proactive and profitable growth strategies.
The global car rental market was valued at $91.2 billion in 2023. The market is expected to grow at a CAGR of 8.7% during 2024-2027. The tourism industry has been a major contributor to the growth of the car rental market. The car rental market has been experiencing an increasing demand for rental cars due to the rise in international and domestic travel. With the increase in travel, people are looking for more flexible transportation options, and economy rental cars provide a convenient solution.
This report provides overview and service addressable market for car rental market
It identifies the key trends impacting growth of the car rental market over the next 12 to 24 months.
It includes global market forecasts for the car rental market and analysis of M&A deals, VF/PE deals, patents, and hiring trends
It contains details of M&A deals in the car rental space and a timeline highlighting milestones in the development of car rental market.
The detailed value chain consists of six layers: Vehicle/Fleet Acquisition, Vehicle/ Fleet Maintenance & Management, Sales and Marketing, Reservations/
Bookings, Vehicle Pick-up and Drop-off, and Financial Management.