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Car Rental Market to 2027- Global Analysis and Forecasts By Car Type and Rental Category

Press release   •   Feb 25, 2019 11:17 IST

Global Car Rental Market

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global car rental services market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The car rental services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

Some of The Leading Players in Global Market:

  • AB Car Rental Bonaire
  • Avis Rent A Car System, LLC
  • Budget Rent A Car System, Inc.
  • Europcar
  • Localiza
  • Lyft, Inc.
  • smile mobility
  • Tempest
  • The Hertz Corporation.
  • Uber Technologies, Inc.

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Car rental services is a process of hiring/renting a car for a limited period from a rental company. Various companies like Uber Technologies, Europcar rent the vehicles for a short period ranging from few hours to weeks. The different types of cars rented by the company include Luxury Car, executive car, and economical car among others. Additionally, the vehicle renting agencies also offers other products such as insurance, entertainment systems, and GPS among other services.

The car rental services market is anticipated to grow in the forecast period owing to driving factors such as rapid urbanization, rising disposable income, and the growing popularity of outstation tours. The market is likely to showcase opportunities for the untapped markets and increasing awareness about air pollution.

The global car rental services market is segmented on the basis of car type and rental category. Based car type, the market is segmented as Luxury Car, Executive Car, Economical Car, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV). On the basis of the rental category the market is segmented as On Airport and Off Airport.

The report analyzes factors affecting car rental services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the car rental services market in these regions.

The reports cover key developments in the car rental services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from car rental services market are anticipated to lucrative growth opportunities in the future with the rising demand for car rental services in the global market. Below mentioned is the list of few companies engaged in the car rental services market. 

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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