Car Rental Business Market Trends, Segmentation, Regional Outlook, Future Plans and Forecast to 2029


Car Rental Business Market size was valued at US$ 105.01 Bn. in 2022 and the total revenue is expected to grow at 7.6% (CAGR) through 2023 to 2029, reaching US$ 175.36 Bn.

Car Rental Business Market Overview

A new market intelligence report published by Maximize Market Research, a global market intelligence firm, indicates the potential for significant growth in the Car Rental Business Market for suppliers during the forecast period through 2029. The report includes an analysis of the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Car Rental Business Market, as well as a list of key players and their business strategies.

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Car Rental Business Market Report Scope and Research Methodology 

The Car Rental Business Market dynamics are thoroughly analyzed in the report, providing the reader with insights into emerging market trends, drivers, restraints, opportunities, and challenges at global and regional levels. Maximize Market Research collected the data through primary research surveys with product dealers, suppliers, international market supplies, and dealers, as well as a dedicated team of subject matter experts who meticulously track and analyze the Car Rental Business Market industry. The bottom-up approach was employed to estimate the Car Rental Business Market size. The report also includes a list of several ongoing development projects from various industries, followed by information on key projects that are in the development stage and may have a positive or negative impact on the global Car Rental Business Market.

Car Rental Business Market Dynamics

Rental car results in the consumption of fewer resources. To a certain extent, this also holds true for car sharing, less raw materials and energy are used in production and assembly when two persons share a car instead of purchasing two brand-new cars. However, a drop in emissions compared to private car ownership can only be achieved if car sharing extends to ride-sharing (with multiple passengers) or if the shared car has a lower fuel consumption than the private car.

Car Rental Business Market Regional Insights

The report includes a region-wise detailed analysis of the Car Rental Business Market including market dynamics, regional market structure and key players in each region. The regions are North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.

Car Rental Business Market Segmentation

by Vehicle Type

Luxury Car
Executive Car
Economy Car
Sports Utility Vehicle (SUVs)
Multi Utility Vehicle (MUVs)

by Application

Local Usage
Airport Transport

by Rental

Duration Type Short Term
Long Term

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Car Rental Business Market Key Players

Avis Budget Group (US)
Enterprise Holdings Inc (US)
Hertz System, Inc. (US)
Uber Technologies Inc. (US)
1. Budget Rent A Car System, Inc. (US)
2. Dollar Rent A Car (US)
3. Enterprise Holdings Inc. (US)
4. National Car Rental (US)
5. Zipcar, Inc (US)
6. Auto Europe (US)
7. Holiday Autos (US)
8. Torq Car Rental (Canada)
9. Eligo Cars (Canada)
10.Carzonrent India Pvt Ltd. (India)
11.Eco Rent a Car (India)
12.ANI Technologies Pvt. Ltd. (India)
13.ORIX Auto Corporation (Japan)
14.U-DRIVE Luxury Car Rentals (Australia)
15.DriveMyCar Rentals Pty., Ltd. (Australia)
16.LOTTE Rental Co., Ltd. (South Korea)
17.Europcar Mobility Group(France)
18.Sixt SE (Germany)
19.Share Now GmbH (Germany) (Spain)
21.Autonom Services SA (Romania)
22.Localiza Rent a Car S/A (Brazil)

Key Questions answered in the Car Rental Business Market Report are: 

  • What is Car Rental Business Market?
  • What is the expected Car Rental Business Market size in 2029?
  • How the major segments of the global Car Rental Business Market are expected to develop during the forecast period?
  • Who are the top suppliers and producers in the Car Rental Business Market industry?
  • What is the expected Car Rental Business Market size by the end of the forecast period?
  • Which region held the largest Car Rental Business Market share in 2022?
  • Who are the key players in the Car Rental Business Market industry?
  • Which Car Rental Business Market segment is expected to grow at a high rate during the forecast period?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Application, Technology, Type, End-User, and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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