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Automotive Rental And Leasing Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, France - Size and Forecast 2024-2028

Automotive Rental And Leasing Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, France - Size and Forecast 2024-2028

Published: Jul 2024 135 Pages SKU: IRTNTR74542

Market Overview at a Glance

$122.9 B
Market Opportunity
6.35%
CAGR
5.58
YoY growth 2023-2024(%)

Automotive Rental And Leasing Market Size 2024-2028

The automotive rental and leasing market size is forecast to increase by USD 122.9 billion at a CAGR of 6.35% between 2023 and 2028.

  • The market In the global arena is experiencing significant growth, driven by the expanding travel and enterprise mobility services sectors. The robust growth of the travel and tourism industry, particularly in North America, is fueling the demand for rental and leasing services, enabling consumers to explore new destinations with ease. Moreover, the increasing adoption of e-commerce platforms for booking vehicles is making the rental and leasing process more convenient. Another key trend influencing the market is the integration of big data and advanced technologies, such as blockchain, into the rental and leasing industry. This technology enables secure and transparent transactions, reducing the risk of fraud and enhancing customer trust.
  • Furthermore, the commercial vehicles and recreational vehicles segments are also witnessing substantial growth, with the increasing demand for efficient and cost-effective transportation solutions for businesses and individuals. However, challenges such as lack of awareness in tier two cities and the high initial investment required for fleet acquisition and maintenance persist. Despite these challenges, the market is expected to continue its upward trajectory, driven by the growing trend towards smart cities and the increasing adoption of sustainable transportation solutions. Overall, the automotive fleet leasing market, truck rental market, and recreational vehicle leasing market are poised for significant growth In the coming years.

    • What will be the Size of the Automotive Rental And Leasing Market during the forecast period?

    Automotive Rental And Leasing Market Size

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  • The market encompasses the provision of short-term and long-term vehicle rentals and leases for a diverse range of vehicles, including cars, trucks, vans, utility trailers, recreational vehicles, and electric vehicles. This market exhibits robust growth, driven by the increasing demand for mobility solutions, e-commerce expansion, and the integration of technology trends such as big data and blockchain. The market's size is substantial, with revenue generated from various sources, including on-demand taxi services, tourism industry, and daily car hires from rental companies. The rise of urbanization and smart cities initiatives have further fueled market growth, as public transportation systems struggle to meet the increasing demand for flexible and convenient mobility options.
  • Customer service remains a critical focus area for rental and leasing companies, with a shift towards digital platforms and on-demand services. Lease and rental agreements are becoming more flexible, with lenders offering customizable terms to cater to diverse customer needs. Additionally, the increasing popularity of electric vehicles is transforming the market, with rental companies investing in fleet electrification to meet evolving consumer preferences. Despite these growth opportunities, the market faces challenges, including revenue losses due to vehicle repairs and maintenance, insurance costs, and regulatory compliance. Nevertheless, the future looks promising for the market, as it continues to adapt to changing consumer needs and technological advancements.

    • How is this Automotive Rental And Leasing Industry segmented and which is the largest segment?

    The automotive rental and leasing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Type
      • Passenger car rental
      • Truck utility trailer
      • Recreational vehicle rental and leasing
      • Passenger car lease
    • Geography
      • North America
        • US
      • Europe
        • Germany
        • UK
        • France
      • APAC
        • China
      • South America
        • Middle East and Africa

        By Type Insights

        • The passenger car rental segment is estimated to witness significant growth during the forecast period.

        The market has experienced notable growth, particularly In the passenger car rental sector. This trend is driven by various factors, including the need for economic mobility solutions and the aging of existing vehicles. Automakers have responded by offering attractive leasing programs, enabling small businesses to expand their fleets without substantial financial burden. The passenger car rental industry is further influenced by the increasing acceptance of this mobility concept worldwide and the evolving transportation requirements of businesses. Additionally, emerging trends such as e-commerce, big data, blockchain, and on-demand taxi services are transforming the industry landscape. The rental and leasing segments encompass a wide range of vehicles, including cars, trucks, vans, utility trailers, recreational vehicles, and electric vehicles.

        These offerings cater to diverse customer needs, from compact city hopping to long-distance driving and off-road trips. The rental agreement, lease agreement, and insurance details are crucial aspects of this market, with lenders, dealerships, and rental companies playing significant roles In the transaction process. The integration of smart cities initiatives, urbanization, and public transportation systems further underscores the importance of the market In the modern transportation landscape.

        Automotive Rental And Leasing Market Size

        Get a glance at the market report of share of various segments Request Free Sample

        The Passenger car rental segment was valued at USD 110.30 billion in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        • North America is estimated to contribute 30% to the growth of the global market during the forecast period.

        Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Automotive Rental And Leasing Market Share by Geography

        For more insights on the market size of various regions, Request Free Sample

        The North American the market holds a significant share In the global industry and is expected to lead during the forecast period. Factors contributing to this growth include the rise in leisure and business travel within and outside the region, as well as the increasing preference for rental services. Notable market participants, such as Avis Budget Group and Enterprise Rent-a-Car, are based in North America and are expanding their services in various locations. The trend toward rental services is expected to boost revenue generation. Key sectors, including e-commerce, tourism, and urbanization, are integrating automotive rental and leasing services into their operations, further fueling market growth.

        Additionally, the adoption of technologies like big data, blockchain, and on-demand taxi services is transforming the industry. The market encompasses various vehicle types, including cars, trucks, vans, utility trailers, recreational vehicles, electric vehicles, and more. Lease and rental agreements, lender arrangements, repairs, maintenance, insurance, and payment details are integral components of this market.

        Market Dynamics

        Our  researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of Automotive Rental And Leasing Industry?

        Growing urbanization and industrialization boost market growth is the key driver of the market. 

      • The global economy's expansion is driving the need for advanced transportation solutions, particularly commercial vehicles (CVs) such as light commercial vehicles and trucks. Heavy trucks, in particular, have been instrumental in facilitating industrialization and urbanization by supporting the growth of infrastructure projects, especially in construction and shipping industries. Their high payload capacities make them indispensable for these sectors. The increasing demand for high-performance vehicles can be attributed to the rise in global construction activities and shipping operations. Commercial vehicles play a pivotal role In the smooth functioning of economies, and their significance is set to grow as the global economy continues to expand.

        • What are the market trends shaping the Automotive Rental And Leasing Industry?

        Robust growth of travel and tourism industry is the upcoming market trend. 

      • The travel and tourism industry, a significant global sector, experienced a setback due to the COVID-19 pandemic in 2021. In response to containing the virus's spread, various countries imposed travel restrictions and lockdowns. However, the initiation of COVID-19 vaccination drives has led to a resurgence in tourist activities. Domestic travel, in particular, has seen a rise, with many opting for personal vehicles over public transportation for vacations. This trend is anticipated to drive the expansion of the market during the forecast period. The travel and tourism industry's recovery, coupled with the convenience and safety offered by personal vehicles, positions the market for substantial growth.

        • What challenges does the Automotive Rental And Leasing Industry face during its growth?

        Lack of awareness in tier two cities is a key challenge affecting the industry growth. 

      • The market, though established for over a decade, remains underpenetrated in tier-2 cities and semi-urban/rural communities. In developing nations like India, China, and Indonesia, the cultural perception of car ownership as a status symbol hinders the acceptance of car leasing. Furthermore, potential customers In these areas may find leasing terminologies, such as money factor, residual value, and capitalized expenses, confusing and intimidating. As a result, a significant portion of the market remains untapped. This trend is not unique to the US market but is prevalent globally. Despite the challenges, the automotive rental and leasing industry continues to offer opportunities for growth, particularly in urban areas where the convenience and flexibility of leasing are more appealing.

        • Exclusive Customer Landscape

        The automotive rental and leasing market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the automotive rental and leasing market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Automotive Rental And Leasing Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, automotive rental and leasing market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        Al Futtaim Group Co. - The company provides automotive rental and leasing solutions through its subsidiaries, including Hertz, Al Futtaim Vehicle Rentals, Firefly, and Thrifty. These brands offer comprehensive vehicle rental services to customers, ensuring a seamless experience and enhancing search engine visibility for the company. Our professional approach aligns with the company's commitment to delivering quality services In the transportation industry.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • Al Futtaim Group Co.
        • Aspark Holidays Pvt. Ltd.
        • Avis Budget Group Inc.
        • Carzonrent India Pvt. Ltd.
        • Centauro Rent a Car S.L.U.
        • DriiveMe Ltd.
        • Drivezy India Travels Pvt. Ltd.
        • Enterprise Holdings Inc.
        • Europcar Mobility Group SA
        • Expedia Group Inc.
        • Getaround Inc.
        • Green Motion International
        • Hertz Global Holdings Inc.
        • Localiza Rent a Car SA
        • Mercedes Benz Group AG
        • Turismo Gargo SA de CV
        • Movida Participacoes SA
        • OK Group
        • SIXT SE
        • Zoomcar India Pvt. Ltd.

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        The market encompasses the provision of short-term and long-term mobility solutions for various types of vehicles, including cars, trucks, vans, utility trailers, recreational vehicles, and electric vehicles. This industry caters to diverse customer needs, ranging from e-commerce businesses requiring delivery vehicles to tourists seeking travel convenience. The automotive rental and leasing sector is influenced by several market dynamics. The advent of e-commerce has led to an increase in demand for delivery vehicles, particularly during peak seasons. Big data and blockchain technology are revolutionizing the industry by streamlining processes, enhancing customer service, and ensuring transparency in transactions. The rise of on-demand taxi services and the tourism industry have also contributed to the growth of the market.

        However, revenue losses due to shutdowns and social distancing measures imposed in response to the global health crisis have presented challenges. The shift towards working from home and urbanization have led to a decline in public transportation usage, making personal vehicles a more attractive option for many consumers. Smart cities initiatives and the development of public transportation systems are expected to influence the market dynamics In the coming years. A vehicle lease agreement is a contractual arrangement between a lender and a renter, outlining the terms and conditions of the lease. The agreement covers aspects such as repairs, maintenance, insurance, and payment details.

        The type of vehicle, duration of the lease, and monthly fee are essential factors influencing the lease agreement. Renting a vehicle offers flexibility and convenience for various purposes, including compact city hopping, long-distance driving, and off-road trips. The choice between renting and leasing depends on individual needs, preferences, and financial considerations. The market is a dynamic and evolving industry, shaped by various factors, including technological advancements, changing consumer preferences, and economic conditions. As the market continues to grow and adapt, it presents numerous opportunities for businesses and investors. In summary, the market offers mobility solutions for various types of vehicles, catering to diverse customer needs.

        The industry is influenced by several market dynamics, including e-commerce, technology, and urbanization, among others. The choice between renting and leasing depends on individual needs and preferences. The lease agreement outlines the terms and conditions of the lease, covering aspects such as repairs, maintenance, insurance, and payment details.

        Market Scope

        Report Coverage

        Details

        Page number

        135

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 6.35%

        Market growth 2024-2028

        USD 122.9 billion

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        5.58

        Key countries

        US, China, Germany, UK, and France

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        What are the Key Data Covered in this Automotive Rental And Leasing Market Research and Growth Report?

        • CAGR of the Automotive Rental And Leasing industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the automotive rental and leasing market growth of industry companies

        We can help! Our analysts can customize this automotive rental and leasing market research report to meet your requirements.

        Get in touch

         

        1 Executive Summary

        • 1.1 Market overview
          • Executive Summary - Chart on Market Overview
          • Executive Summary - Data Table on Market Overview
          • Executive Summary - Chart on Global Market Characteristics
          • Executive Summary - Chart on Market by Geography
          • Executive Summary - Chart on Market Segmentation by Type
          • Executive Summary - Chart on Incremental Growth
          • Executive Summary - Data Table on Incremental Growth
          • Executive Summary - Chart on Company Market Positioning

        2 Market Landscape

        • 2.1 Market ecosystem
          • Parent Market
          • Data Table on - Parent Market
        • 2.2 Market characteristics
          • Market characteristics analysis
        • 2.3 Value chain analysis
          • Value Chain Analysis

        3 Market Sizing

        • 3.1 Market definition
          • Offerings of companies included in the market definition
        • 3.2 Market segment analysis
          • Market segments
        • 3.3 Market size 2023
          • 3.4 Market outlook: Forecast for 2023-2028
            • Chart on Global - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Global - Market size and forecast 2023-2028 ($ billion)
            • Chart on Global Market: Year-over-year growth 2023-2028 (%)
            • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

          4 Historic Market Size

          • 4.1 Global Automotive Rental And Leasing Market 2018 - 2022
            • Historic Market Size - Data Table on Global Automotive Rental And Leasing Market 2018 - 2022 ($ billion)
          • 4.2 Type segment analysis 2018 - 2022
            • Historic Market Size - Type Segment 2018 - 2022 ($ billion)
          • 4.3 Geography segment analysis 2018 - 2022
            • Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
          • 4.4 Country segment analysis 2018 - 2022
            • Historic Market Size - Country Segment 2018 - 2022 ($ billion)

          5 Five Forces Analysis

          • 5.1 Five forces summary
            • Five forces analysis - Comparison between 2023 and 2028
          • 5.2 Bargaining power of buyers
            • Bargaining power of buyers - Impact of key factors 2023 and 2028
          • 5.3 Bargaining power of suppliers
            • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
          • 5.4 Threat of new entrants
            • Threat of new entrants - Impact of key factors in 2023 and 2028
          • 5.5 Threat of substitutes
            • Threat of substitutes - Impact of key factors in 2023 and 2028
          • 5.6 Threat of rivalry
            • Threat of rivalry - Impact of key factors in 2023 and 2028
          • 5.7 Market condition
            • Chart on Market condition - Five forces 2023 and 2028

          6 Market Segmentation by Type

          • 6.1 Market segments
            • Chart on Type - Market share 2023-2028 (%)
            • Data Table on Type - Market share 2023-2028 (%)
          • 6.2 Comparison by Type
            • Chart on Comparison by Type
            • Data Table on Comparison by Type
          • 6.3 Passenger car rental - Market size and forecast 2023-2028
            • Chart on Passenger car rental - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Passenger car rental - Market size and forecast 2023-2028 ($ billion)
            • Chart on Passenger car rental - Year-over-year growth 2023-2028 (%)
            • Data Table on Passenger car rental - Year-over-year growth 2023-2028 (%)
          • 6.4 Truck utility trailer - Market size and forecast 2023-2028
            • Chart on Truck utility trailer - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Truck utility trailer - Market size and forecast 2023-2028 ($ billion)
            • Chart on Truck utility trailer - Year-over-year growth 2023-2028 (%)
            • Data Table on Truck utility trailer - Year-over-year growth 2023-2028 (%)
          • 6.5 Recreational vehicle rental and leasing - Market size and forecast 2023-2028
            • Chart on Recreational vehicle rental and leasing - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Recreational vehicle rental and leasing - Market size and forecast 2023-2028 ($ billion)
            • Chart on Recreational vehicle rental and leasing - Year-over-year growth 2023-2028 (%)
            • Data Table on Recreational vehicle rental and leasing - Year-over-year growth 2023-2028 (%)
          • 6.6 Passenger car lease - Market size and forecast 2023-2028
            • Chart on Passenger car lease - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Passenger car lease - Market size and forecast 2023-2028 ($ billion)
            • Chart on Passenger car lease - Year-over-year growth 2023-2028 (%)
            • Data Table on Passenger car lease - Year-over-year growth 2023-2028 (%)
          • 6.7 Market opportunity by Type
            • Market opportunity by Type ($ billion)
            • Data Table on Market opportunity by Type ($ billion)

          7 Customer Landscape

          • 7.1 Customer landscape overview
            • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

          8 Geographic Landscape

          • 8.1 Geographic segmentation
            • Chart on Market share by geography 2023-2028 (%)
            • Data Table on Market share by geography 2023-2028 (%)
          • 8.2 Geographic comparison
            • Chart on Geographic comparison
            • Data Table on Geographic comparison
          • 8.3 North America - Market size and forecast 2023-2028
            • Chart on North America - Market size and forecast 2023-2028 ($ billion)
            • Data Table on North America - Market size and forecast 2023-2028 ($ billion)
            • Chart on North America - Year-over-year growth 2023-2028 (%)
            • Data Table on North America - Year-over-year growth 2023-2028 (%)
          • 8.4 Europe - Market size and forecast 2023-2028
            • Chart on Europe - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
            • Chart on Europe - Year-over-year growth 2023-2028 (%)
            • Data Table on Europe - Year-over-year growth 2023-2028 (%)
          • 8.5 APAC - Market size and forecast 2023-2028
            • Chart on APAC - Market size and forecast 2023-2028 ($ billion)
            • Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
            • Chart on APAC - Year-over-year growth 2023-2028 (%)
            • Data Table on APAC - Year-over-year growth 2023-2028 (%)
          • 8.6 South America - Market size and forecast 2023-2028
            • Chart on South America - Market size and forecast 2023-2028 ($ billion)
            • Data Table on South America - Market size and forecast 2023-2028 ($ billion)
            • Chart on South America - Year-over-year growth 2023-2028 (%)
            • Data Table on South America - Year-over-year growth 2023-2028 (%)
          • 8.7 Middle East and Africa - Market size and forecast 2023-2028
            • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
            • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
            • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
          • 8.8 US - Market size and forecast 2023-2028
            • Chart on US - Market size and forecast 2023-2028 ($ billion)
            • Data Table on US - Market size and forecast 2023-2028 ($ billion)
            • Chart on US - Year-over-year growth 2023-2028 (%)
            • Data Table on US - Year-over-year growth 2023-2028 (%)
          • 8.9 China - Market size and forecast 2023-2028
            • Chart on China - Market size and forecast 2023-2028 ($ billion)
            • Data Table on China - Market size and forecast 2023-2028 ($ billion)
            • Chart on China - Year-over-year growth 2023-2028 (%)
            • Data Table on China - Year-over-year growth 2023-2028 (%)
          • 8.10 Germany - Market size and forecast 2023-2028
            • Chart on Germany - Market size and forecast 2023-2028 ($ billion)
            • Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
            • Chart on Germany - Year-over-year growth 2023-2028 (%)
            • Data Table on Germany - Year-over-year growth 2023-2028 (%)
          • 8.11 UK - Market size and forecast 2023-2028
            • Chart on UK - Market size and forecast 2023-2028 ($ billion)
            • Data Table on UK - Market size and forecast 2023-2028 ($ billion)
            • Chart on UK - Year-over-year growth 2023-2028 (%)
            • Data Table on UK - Year-over-year growth 2023-2028 (%)
          • 8.12 France - Market size and forecast 2023-2028
            • Chart on France - Market size and forecast 2023-2028 ($ billion)
            • Data Table on France - Market size and forecast 2023-2028 ($ billion)
            • Chart on France - Year-over-year growth 2023-2028 (%)
            • Data Table on France - Year-over-year growth 2023-2028 (%)
          • 8.13 Market opportunity by geography
            • Market opportunity by geography ($ billion)
            • Data Tables on Market opportunity by geography ($ billion)

          9 Drivers, Challenges, and Opportunity/Restraints

          • 9.1 Market drivers
            • 9.2 Market challenges
              • 9.3 Impact of drivers and challenges
                • Impact of drivers and challenges in 2023 and 2028
              • 9.4 Market opportunities/restraints

                10 Competitive Landscape

                • 10.1 Overview
                  • 10.2 Competitive Landscape
                    • Overview on criticality of inputs and factors of differentiation
                  • 10.3 Landscape disruption
                    • Overview on factors of disruption
                  • 10.4 Industry risks
                    • Impact of key risks on business

                  11 Competitive Analysis

                  • 11.1 Companies profiled
                    • Companies covered
                  • 11.2 Market positioning of companies
                    • Matrix on companies position and classification
                  • 11.3 Al Futtaim Group Co.
                    • Al Futtaim Group Co. - Overview
                    • Al Futtaim Group Co. - Product / Service
                    • Al Futtaim Group Co. - Key offerings
                  • 11.4 Aspark Holidays Pvt. Ltd.
                    • Aspark Holidays Pvt. Ltd. - Overview
                    • Aspark Holidays Pvt. Ltd. - Product / Service
                    • Aspark Holidays Pvt. Ltd. - Key offerings
                  • 11.5 Avis Budget Group Inc.
                    • Avis Budget Group Inc. - Overview
                    • Avis Budget Group Inc. - Business segments
                    • Avis Budget Group Inc. - Key offerings
                    • Avis Budget Group Inc. - Segment focus
                  • 11.6 Carzonrent India Pvt. Ltd.
                    • Carzonrent India Pvt. Ltd. - Overview
                    • Carzonrent India Pvt. Ltd. - Product / Service
                    • Carzonrent India Pvt. Ltd. - Key offerings
                  • 11.7 CENTAURO RENT A CAR SLU
                    • CENTAURO RENT A CAR SLU - Overview
                    • CENTAURO RENT A CAR SLU - Product / Service
                    • CENTAURO RENT A CAR SLU - Key offerings
                  • 11.8 DriiveMe Ltd.
                    • DriiveMe Ltd. - Overview
                    • DriiveMe Ltd. - Product / Service
                    • DriiveMe Ltd. - Key offerings
                  • 11.9 Drivezy India Travels Pvt. Ltd.
                    • Drivezy India Travels Pvt. Ltd. - Overview
                    • Drivezy India Travels Pvt. Ltd. - Product / Service
                    • Drivezy India Travels Pvt. Ltd. - Key offerings
                  • 11.10 Enterprise Holdings Inc.
                    • Enterprise Holdings Inc. - Overview
                    • Enterprise Holdings Inc. - Product / Service
                    • Enterprise Holdings Inc. - Key news
                    • Enterprise Holdings Inc. - Key offerings
                  • 11.11 Europcar Mobility Group SA
                    • Europcar Mobility Group SA - Overview
                    • Europcar Mobility Group SA - Product / Service
                    • Europcar Mobility Group SA - Key offerings
                  • 11.12 Expedia Group Inc.
                    • Expedia Group Inc. - Overview
                    • Expedia Group Inc. - Business segments
                    • Expedia Group Inc. - Key offerings
                    • Expedia Group Inc. - Segment focus

                  12 Appendix

                  • 12.1 Scope of the report
                    • 12.2 Inclusions and exclusions checklist
                      • Inclusions checklist
                      • Exclusions checklist
                    • 12.3 Currency conversion rates for US$
                      • Currency conversion rates for US$
                    • 12.4 Research methodology
                      • Research methodology
                    • 12.5 Data procurement
                      • Information sources
                    • 12.6 Data validation
                      • Data validation
                    • 12.7 Validation techniques employed for market sizing
                      • Validation techniques employed for market sizing
                    • 12.8 Data synthesis
                      • Data synthesis
                    • 360 degree market analysis
                      • 360 degree market analysis
                    • 12.10 List of abbreviations
                      • List of abbreviations

                    Research Methodology

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    INFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases

                    DATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts

                    REPORT WRITING

                    Qualitative

                    • Market drivers
                    • Market challenges
                    • Market trends
                    • Five forces analysis

                    Quantitative

                    • Market size and forecast
                    • Market segmentation
                    • Geographical insights
                    • Competitive landscape

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                    Frequently Asked Questions

                    Automotive Rental And Leasing market growth will increase by $ 122.9 bn during 2024-2028.

                    The Automotive Rental And Leasing market is expected to grow at a CAGR of 6.35% during 2024-2028.

                    Automotive Rental And Leasing market is segmented by Type( Passenger car rental, Truck utility trailer, Recreational vehicle rental and leasing, Passenger car lease)

                    Al Futtaim Group Co., Aspark Holidays Pvt. Ltd., Avis Budget Group Inc., Carzonrent India Pvt. Ltd., Centauro Rent a Car S.L.U., DriiveMe Ltd., Drivezy India Travels Pvt. Ltd., Enterprise Holdings Inc., Europcar Mobility Group SA, Expedia Group Inc., Getaround Inc., Green Motion International, Hertz Global Holdings Inc., Localiza Rent a Car SA, Mercedes Benz Group AG, Turismo Gargo SA de CV, Movida Participacoes SA, OK Group, SIXT SE, Zoomcar India Pvt. Ltd. are a few of the key vendors in the Automotive Rental And Leasing market.

                    North America will register the highest growth rate of 30% among the other regions. Therefore, the Automotive Rental And Leasing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

                    US, China, Germany, UK, France

                    • Growing urbanization and industrialization boost market growthThe global economy is growing rapidly is the driving factor this market.
                    • with cities and countries becoming smarter in terms of infrastructure. Transportation and logistics play an important role in driving the global economy toward industrialization and urbanization. Commercial vehicle(CVs) is the driving factor this market.
                    • including light commercial vehicles and trucks is the driving factor this market.
                    • have played a vital role in the development of global infrastructure. Heavy trucks have played an important role in supporting the progress of industrial development. They turned out to be an integral power of such developments is the driving factor this market.
                    • especially in the case of supporters and due to their high payload capacities. In addition is the driving factor this market.
                    • the rise in global construction operations and shipping activities has increased the demand for high-performance vehicles. The significant increase in the number of business and leisure travelers in different parts of the world increases the demand for car rental services and thus accelerates the growth of the industry. Thus is the driving factor this market.
                    • due to all such factors is the driving factor this market.
                    • the global automotive rental and leasing market is expected to witness high growth during the forecast period.   is the driving factor this market.

                    The Automotive Rental And Leasing market vendors should focus on grabbing business opportunities from the Passenger car rental segment as it accounted for the largest market share in the base year.