Car Rental Market by Car Type (Luxury Cars, Executive Cars, Economy Cars, SUV Cars and MUV Cars) for Local Usage, Airport Transport, Outstation and Others and Forecast, 2016 – 2022

Car Rental Market by Car Type (Luxury Cars, Executive Cars, Economy Cars, SUV Cars and MUV Cars) for Local Usage, Airport Transport, Outstation and Others and Forecast, 2016 – 2022

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According to the report, the global car rental market was valued at approximately USD 58.26 billion in 2016 and is expected to reach approximately USD 124.56 billion by 2022, growing at a CAGR of around 13.55% between 2017 and 2022.Car rental is a service which provides car and automobiles on rent for short periods of time. This time period generally ranges from few hours to weeks. Car rental service is primarily located near airports, tourist places or city etc. There are many conditions on car rental service which may vary by specific country. The majority of car rental companies use a credit card to take additional fees or deposit amount before giving car on rent. Some companies request to carry identity documents while hiring car on rent.

 

According to the report, the global car rental market was valued at approximately USD 58.26 billion in 2016 and is expected to reach approximately USD 124.56 billion by 2022, growing at a CAGR of around 13.55% between 2017 and 2022.

Car or vehicle rental service is relatively developed in the industrialized economies. A car rental, hire car, or car hire company provides vehicles on rent for short periods of time, generally ranging from a few hours to a few weeks. Car rental providers have a number of local branches and offices near airports, bus stops, railway station, and busy city areas. The key vendors that provide vehicle rental services mainly focus on customer’s requirements, growth, innovation, and offers that attract customers and efficiency.

The car rental market is primarily driven by rising tourism industry. Healthy economic growth and rising disposable income in developing countries are expected to propel the market growth during the year to come. Furthermore, high demand of the internet and smart technology helps to drive this market at the fast pace. However, some restraints like the rise in crude oil prices and lack of proper marketing may hinder the growth of the market. Moreover, use of the green vehicle is the most cost-effective way to improve energy efficiency and reduce carbon emissions is likely to open up new opportunities in evolving consumer preference.

Global-Car-Rental-Market

In terms of car type, global car rental market is segmented intoMUV cars, SUV cars, economy cars, executive cars, luxury cars. Economy cars dominated the car rental market and accounted for significant share of the market. Economy cars are expected have a faster growth in the future due to the emergence of new companies in the market.

Based on end-users, the car rental market has been segmented into local usage, airport transport, outstation and others. Car rental for airport transport was leading end-user segment in car rental market and accounted for the largest market share in 2016. Growing demand for car rental due to green initiatives was taken by Government and increasing awareness about pollution is expected to drive the car rental market over the forecast period. One of the leading vendors in car rental market i.e. ‘Hertz’ New Zealand offers its customers a carbon calculator to allow potential renters to determine their carbon footprint for various car models.

In terms of regions, North America exhibited the largest share of car rental market in 2016. It accounted for significant share of the market and it is also predicted to remain to prevail over other regions during the forecast period. This is due to the high penetration of smartphones and advancement in technology in the region which helps to improve the convenience of booking a car on rent. North America was followed by Europe and Asia-Pacific region. Asia-Pacific is expected to witness the fastest growth in coming years due to the increasing population and needs for transportation.

Some of the key participants involved in car rental market includeAvis Budget Group, Inc, Sixt Rent-A-Car, Enterprise Rent-A-Car, The Hertz Corporation, Europcar, Al-Futtaim Group, Carzonrent, Localiza Rent A Car, and Eco Rent A Car.

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global car rental market, 2016 – 2022 (USD Million)
    • 2.2. Global car rental market: Snapshot
  • Chapter 3. Car Rental – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global car rental market drivers: Impact analysis
      • 3.2.2. Growing tourism market
      • 3.2.3. Healthy economic growth and rising disposable income
      • 3.2.4. Large use of internet and SmartPhone technology
    • 3.3. Market restraints
      • 3.3.1. Global car rental market restraints: Impact analysis
      • 3.3.2. Volatility of crude oil prices
      • 3.3.3. Lack of adequate marketing and promotion
    • 3.4. Opportunities
      • 3.4.1. Green Initiatives
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by car type segment
      • 3.6.2. Market attractiveness analysis, by end-user segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Car rental Market – Competitive Landscape
    • 4.1. Company market share, 2016 (Subject To Data Availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  • Chapter 5. Global Car Rental Market – Car Type Segment Analysis
    • 5.1. Global car rental market: Car type overview
      • 5.1.1. Global car rental market volume share, by car type, 2016 and 2022
    • 5.2. Luxury Cars
      • 5.2.1. Global luxury cars market, 2016 – 2022 (USD Million)
    • 5.3. Executive Cars
      • 5.3.1. Global executive cars market, 2016 – 2022 (USD Million)
    • 5.4. Economy Cars
      • 5.4.1. Global economy cars market, 2016 – 2022 (USD Million)
    • 5.5. SUV Cars
      • 5.5.1. Global SUV cars market, 2016 – 2022 (USD Million)
    • 5.6. MUV Cars
      • 5.6.1. Global MUV cars market, 2016 – 2022 (USD Million)
  • Chapter 6. Global Car Rental Market – End-user Segment Analysis
    • 6.1. Global car rental market: End-user overview
      • 6.1.1. Global car rental market volume share, by end-user, 2016 – 2022
    • 6.2. Local Usage
      • 6.2.1. Global car rental market for local usage, 2016 – 2022 (USD Million)
    • 6.3. Airport Transport
      • 6.3.1. Global car rental market for airport transport, 2016 – 2022 (USD Million)
    • 6.4. Outstation
      • 6.4.1. Global car rental market for outstation, 2016 – 2022 (USD Million)
    • 6.5. Others
      • 6.5.1. Global car rental market for others, 2016 – 2022 (USD Million)
  • Chapter 7. Global Car Rental Market – Regional Segment Analysis
    • 7.1. Global car rental market: Regional overview
      • 7.1.1. Global car rental market volume share, by region, 2016 – 2022
    • 7.2. North America
      • 7.2.1. North America car rental market revenue, by car type, 2016 – 2022 (USD Million)
      • 7.2.2. North America car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.2.3.2. U.S. car rental market revenue, by end-user, 2016 – 2022 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe car rental market revenue, by car type, 2016 – 2022 (USD Million)
      • 7.3.2. Europe car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.3.3.2. Germany car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.3.4. France
        • 7.3.4.1. France car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.3.4.2. France car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.3.5.2. UK car rental market revenue, by end-user, 2016 – 2022 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific car rental market revenue, by car type, 2016 – 2022 (USD Million)
      • 7.4.2. Asia Pacific car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.4.3.2. China car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.4.4.2. Japan car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.4.5.2. India car rental market revenue, by end-user, 2016 – 2022 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America car rental market revenue, by car type, 2016 – 2022 (USD Million)
      • 7.5.2. Latin America car rental market revenue, by end-user, 2016 – 2022 (USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil car rental market revenue, by car type, 2016 – 2022 (USD Million)
        • 7.5.3.2. Brazil car rental market revenue, by end-user, 2016 – 2022 (USD Million)
    • 7.6. Middle-East and Africa
      • 7.6.1. Middle-East and Africa car rental market revenue, by car type, 2016 – 2022 (USD Million)
      • 7.6.2. Middle-East and Africa car rental market revenue, by end-user, 2016 – 2022 (USD Million)
  • Chapter 8. Company Profile
    • 8.1. Avis Budget Group, Inc
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Sixt Rent-A-Car
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Enterprise Rent-A-Car
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. The Hertz Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Europcar
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Al-Futtaim Group
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Carzonrent
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Localiza Rent A Car
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Eco Rent A Car
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments

List of Figures

1. Market research process
2. Market research methodology
3. Global car rental market revenue, 2016 – 2022  (USD Million)
4. Porter’s five forces analysis
5. Car rental: Market attractiveness analysis, by car type segment
6. Car rental: Market attractiveness analysis, by end-user segment
7. Car rental: Market attractiveness analysis, by regional segment
8. Company market share analysis
9. Global car rental market revenue share by car type, 2016 – 2022
10. Global luxury cars market, 2016 – 2022, (USD Million)
11. Global mid-end car market, 2016 – 2022, (USD Million)
12. Global executive cars market, 2016 – 2022, (USD Million)
13. Global economy cars market, 2016 – 2022, (USD Million)
14. Global SUV cars market, 2016 – 2022, (USD Million)
15. Global MUV cars market, 2016 – 2022, (USD Million)
16. Global car rental market revenue share by end-user, 2016 – 2022
17. Global car rental market for local usage, 2016 – 2022, (USD Million)
18. Global car rental market for airport transport, 2016 – 2022, (USD Million)
19. Global car rental market for outstation, 2016 – 2022 (USD Million)
20. Global car rental market for other end-user, 2016 – 2022 (USD Million)


List of Tables

1. car rental market: Market snapshot
2. Car type of car rental market
3. Drivers of global car rental market: Impact analysis
4. Restraints of global car rental market: Impact analysis
5. North America car rental market revenue, by car type, 2016 – 2022 (USD Million)
6. North America car rental market revenue, by end-user, 2016 – 2022 (USD Million)
7. U.S car rental market revenue, by car type, 2016 – 2022 (USD Million)
8. U.S car rental market revenue, by end-user, 2016 – 2022 (USD Million)
9. Europe car rental market revenue, by car type, 2016 – 2022 (USD Million)
10. Europe car rental market revenue, by end-user, 2016 – 2022 (USD Million)
11. Germany car rental market revenue, by car type, 2016 – 2022 (USD Million)
12. Germany car rental market revenue, by end-user, 2016 – 2022 (USD Million)
13. France car rental market revenue, by car type, 2016 – 2022 (USD Million)
14. France car rental market revenue, by end-user, 2016 – 2022 (USD Million)
15. UK car rental market revenue, by car type, 2016 – 2022 (USD Million)
16. UK car rental market revenue, by end-user, 2016 – 2022 (USD Million)
17. Asia Pacific car rental market revenue, by car type 2016 – 2022 (USD Million)
18. Asia Pacific car rental market revenue, by end-user, 2016 – 2022 (USD Million)
19. China car rental market revenue, by car type, 2016 – 2022 (USD Million)
20. China car rental market volume, by end-user, 2016 – 2022 (USD Million)
21. Japan car rental market revenue, by car type, 2016 – 2022 (USD Million)
22. Japan car rental market volume, by end-user, 2016 – 2022 (USD Million)
23. India car rental market revenue, by car type, 2016 – 2022 (USD Million)
24. India car rental market revenue, by end-user, 2016 – 2022 (USD Million)
25. Latin America car rental market revenue, by car type – 2020 (USD Million)
26. Latin America car rental market revenue, by end-user, 2016 – 2022 (USD Million)
27. Brazil car rental market revenue, by car type – 2020 (USD Million)
28. Brazil car rental market revenue, by end-user, 2016 – 2022 (USD Million)
29. Middle-East and Africa car rental market revenue, by car type – 2020 (USD Million)
30. Middle-East and Africa car rental market revenue, end-user, 2016 – 2022 (USD Million)

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