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Global Car Rental Market to grow at a CAGR of 16.07% during 2016-2020

Press Release   •   Jan 09, 2017 05:47 EST

About Car Rental Services

Car rental services operate through a network of pickup or drop-off points and offer a range of vehicles that customers can pay to drive when required. Car rentals are a substitute to car ownership. In this system, vehicles are owned by a firm or organization that rents them to users for short periods by the day or through monthly or annual plans. Over the past three decades, car rentals have grown from a basic service provided by popular organizations to a widely recognized component of the urban transport industry. They are also quickly developing into a globalized industry that can provide many transportation, land use, environmental, and social benefits.

Technavios analysts forecast the global car rental market to grow at a CAGR of 16.07% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global car rental market for 2016-2020. To calculate the market size, the report considers the revenue generated from the different geographical regions.

The market is divided into the following segments based on geography:



North America


Technavio's report, Global Car Rental Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Avis Budget


Enterprise Holding




Other prominent vendors

Advantage Rent a Car

Hermes Rent a Car

Dollar Thrifty Automotive

Eco Rent-A-Car

E-Z Rent-A-Car

Fox Rent-A-Car

Irish Car Rental

Island Car Rental

Midway Car Rental

Movida Rent A Car

National Car Rental

Payless Car Rental

Trust Middle East Car Rental

Value Car Rental

Market driver

Increase in business travellers

For a full, detailed list, view our report

Market challenge

Limited consumer awareness

For a full, detailed list, view our report

Market trend

Emerging market in APAC

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?