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Car Rental Market by Type, Mode of Booking, Rental Category, and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 167
  • SKU: IRTNTR40065
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According to Technavio's analyst, the car rental market size is expected to be valued at USD 93.17 billion by 2026 with a progressing CAGR of 18.66%.

One of the key highlights of the car rental market research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

This market research report extensively covers car rental market segmentations by the following:

  • Type - Economy cars, executive cars, luxury cars, SUVs, and MUVs
  • Mode of booking - Offline and online
  • Rental category - Air transport, local transport, outstation transport, and other transport 
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America

The car rental market report offers information on several market vendors, including Al Futtaim Group Co., Aspark Holidays Pvt. Ltd., Autorent Car Rental LLC, Avis Budget Group Inc., Carzonrent India Pvt. Ltd., CENTAURO RENT A CAR S.L.U, DriiveMe Ltd., Drivezy Inc., Enterprise Holdings Inc., Europcar Mobility Group SA, Expedia Group Inc., Getaround Inc., Green Motion International, Hertz Global Holdings Inc., Localiza Rent a Car SA, Mex Rent a Car, Movida Participacoes SA, OK Group, SIXT SE, Turo Inc., and Zoomcar India Pvt. Ltd. among others.

What will the Car Rental Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Car Rental Market Size for the Forecast Period and Other Important Statistics

 

Car Rental Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in the travel and tourism industry is notably driving the car rental market growth, although factors such as the rise in the number of car-sharing services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the car rental industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Car Rental Market Driver

  • One of the key drivers supporting the car rental market growth is the growth in the travel and tourism industry.
  • Various countries across the globe-imposed restrictions on travel and tourism activities and implemented lockdowns to contain the spread of COVID-19. However, the development of vaccines against COVID-19 has led to the recovery of the travel and tourism industry.
  • The restrictions imposed on various public transport systems helped increase the demand for car rentals in various countries.
  • In March 2021, India extended its restrictions on regular international flights until the end of March 2021. Thus, the revival of tourism, especially domestic tourism, is expected to drive the growth of the global car rental market during the forecast period. 

Key Car Rental Market Trend

  • One of the key car rental market trends fueling the market growth is the advent of intermediaries.
  • Customers used to make telephonic calls to service providers to book cars and accept proposed prices.
  • The advantage of many online websites, which are commonly known as car rental brokers, who have established themselves, serve as intermediaries and demand aggregators between the customer and the operator.
  • Due to the advent of intermediaries, customers are advantaged by the low prices that they have to pay while renting cars. This, in turn, will fuel the car rental market growth during the forecast period.

Key Car Rental Market Challenge

  • One of the key factors hindering the ar rental market growth is the rise in the number of car-sharing services.
  • In a bid to bring down carbon emissions and decongest the city roads, the concept of car sharing has gained momentum.
  • Car-sharing services are gaining popularity in urban regions of both developed and developing economies.
  • Car-sharing services connect car owners and co-travelers to share city-to-city journeys through one of the largest carpooling services in the world.
  • While Europe is the largest per capita earner, APAC is the biggest market for car-sharing services. Therefore, the growing adoption of car-sharing services is expected to negatively affect the global car rental market during the forecast period. 

This car rental market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global car rental market as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the car rental market during the forecast period.

Who are the Major Car Rental Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Al Futtaim Group Co.
  • Aspark Holidays Pvt. Ltd.
  • Autorent Car Rental LLC
  • Avis Budget Group Inc.
  • Carzonrent India Pvt. Ltd.
  • CENTAURO RENT A CAR S.L.U
  • DriiveMe Ltd.
  • Drivezy Inc.
  • Enterprise Holdings Inc.
  • Europcar Mobility Group SA
  • Expedia Group Inc.
  • Getaround Inc.
  • Green Motion International
  • Hertz Global Holdings Inc.
  • Localiza Rent a Car SA
  • Mex Rent a Car
  • Movida Participacoes SA
  • OK Group
  • SIXT SE
  • Turo Inc.
  • Zoomcar India Pvt. Ltd.

 

This statistical study of the car rental market encompasses successful business strategies deployed by the key vendors. The car rental market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Avis Budget Group Inc. - Through the Americas segment, the company offers licenses to the third parties for vehicle rentals in North America, South America, Central America, and the Caribbean. 
  • Avis Budget Group Inc. - The company offers car rental services where one can rent up to 11 months at a time and by downloading the Avis app one can choose the exact make and model of the car one prefers. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The car rental market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Car Rental Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the car rental market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Car Rental Market?

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38% of the market’s growth will originate from North America during the forecast period. The US is the key market for the car rental market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The increasing demand for car rental services for airport transportation will facilitate the car rental market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The demand for car rentals is increasing in North America, especially in the US, due to the preference for personal transport due to COVID-19. However, the market is expected to experience growth during the forecast period, as people have started to travel post the lifting of lockdowns and the revival of the tourism industry.

What are the Revenue-generating Type Segments in the Car Rental Market?

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The car rental market share growth by the economy cars segment will be significant during the forecast period. The global car rental market by economy cars dominated the global market in 2020. It is expected to continue during the forecast period owing to the rise in the provision of insurance and customer support and ongoing advances in technology. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the car rental market size and actionable market insights on post COVID-19 impact on each segment.

 

Car Rental Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.66%

Market growth 2022-2026

$ 93.17 billion

Market structure

Fragmented

YoY growth (%)

17.68

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key consumer countries

US, China, Germany, Italy, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Al Futtaim Group Co., Aspark Holidays Pvt. Ltd., Autorent Car Rental LLC, Avis Budget Group Inc., Carzonrent India Pvt. Ltd., CENTAURO RENT A CAR S.L.U, DriiveMe Ltd., Drivezy Inc., Enterprise Holdings Inc., Europcar Mobility Group SA, Expedia Group Inc., Getaround Inc., Green Motion International, Hertz Global Holdings Inc., Localiza Rent a Car SA, Mex Rent a Car, Movida Participacoes SA, OK Group, SIXT SE, Turo Inc., and Zoomcar India Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Car Rental Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive car rental market growth during the next five years
  • Precise estimation of the car rental market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the car rental industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of car rental market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Mode of Booking
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Rental Category
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 14: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 15: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 16: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 17: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 18: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 19: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 20: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 21: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 22: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 23: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 24: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 25: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 26: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 27: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 28: Chart on Comparison by Type
      • Exhibit 29: Data Table on Comparison by Type
    • 5.3 Economy cars - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Economy cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Data Table on Economy cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 32: Chart on Economy cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Economy cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Executive cars - Market size and forecast 2021-2026
      • Exhibit 34: Chart on Executive cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 35: Data Table on Executive cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 36: Chart on Executive cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 37: Data Table on Executive cars - Year-over-year growth 2021-2026 (%)
    • 5.5 Luxury cars - Market size and forecast 2021-2026
      • Exhibit 38: Chart on Luxury cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 39: Data Table on Luxury cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 40: Chart on Luxury cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 41: Data Table on Luxury cars - Year-over-year growth 2021-2026 (%)
    • 5.6 SUVs - Market size and forecast 2021-2026
      • Exhibit 42: Chart on SUVs - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on SUVs - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on SUVs - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on SUVs - Year-over-year growth 2021-2026 (%)
    • 5.7 MUVs - Market size and forecast 2021-2026
      • Exhibit 46: Chart on MUVs - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on MUVs - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on MUVs - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on MUVs - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ billion)

    6 Market Segmentation by Mode of Booking

    • 6.1 Market segments
      • Exhibit 51: Chart on Mode of Booking - Market share 2021-2026 (%)
      • Exhibit 52: Data Table on Mode of Booking - Market share 2021-2026 (%)
    • 6.2 Comparison by Mode of Booking
      • Exhibit 53: Chart on Comparison by Mode of Booking
      • Exhibit 54: Data Table on Comparison by Mode of Booking
    • 6.3 Offline - Market size and forecast 2021-2026
      • Exhibit 55: Chart on Offline - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Data Table on Offline - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 57: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 58: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 6.4 Online - Market size and forecast 2021-2026
      • Exhibit 59: Chart on Online - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Data Table on Online - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 61: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 62: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Mode of Booking
      • Exhibit 63: Market opportunity by Mode of Booking ($ billion)

    7 Market Segmentation by Rental Category

    • 7.1 Market segments
      • Exhibit 64: Chart on Rental Category - Market share 2021-2026 (%)
      • Exhibit 65: Data Table on Rental Category - Market share 2021-2026 (%)
    • 7.2 Comparison by Rental Category
      • Exhibit 66: Chart on Comparison by Rental Category
      • Exhibit 67: Data Table on Comparison by Rental Category
    • 7.3 Air transport - Market size and forecast 2021-2026
      • Exhibit 68: Chart on Air transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 69: Data Table on Air transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 70: Chart on Air transport - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on Air transport - Year-over-year growth 2021-2026 (%)
    • 7.4 Local transport - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Local transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 73: Data Table on Local transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 74: Chart on Local transport - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Local transport - Year-over-year growth 2021-2026 (%)
    • 7.5 Outstation transport - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Outstation transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 77: Data Table on Outstation transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 78: Chart on Outstation transport - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Outstation transport - Year-over-year growth 2021-2026 (%)
    • 7.6 Other transport - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Other transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 81: Data Table on Other transport - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 82: Chart on Other transport - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Other transport - Year-over-year growth 2021-2026 (%)
    • 7.7 Market opportunity by Rental Category
      • Exhibit 84: Market opportunity by Rental Category ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 85: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 86: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 87: Data Table on Market share by geography 2021-2026 (%)
    • 9.2 Geographic comparison
      • Exhibit 88: Chart on Geographic comparison
      • Exhibit 89: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2021-2026
      • Exhibit 90: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 91: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 92: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 9.4 Europe - Market size and forecast 2021-2026
      • Exhibit 94: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 95: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 96: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 97: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 9.5 APAC - Market size and forecast 2021-2026
      • Exhibit 98: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 99: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 100: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 101: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 102: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 103: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 104: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 105: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 9.7 South America - Market size and forecast 2021-2026
      • Exhibit 106: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 107: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 108: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 109: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 9.8 US - Market size and forecast 2021-2026
      • Exhibit 110: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 111: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 112: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 113: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 9.9 China - Market size and forecast 2021-2026
      • Exhibit 114: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 115: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 116: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 117: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 9.10 Germany - Market size and forecast 2021-2026
      • Exhibit 118: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 119: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 120: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 121: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 9.11 Italy - Market size and forecast 2021-2026
      • Exhibit 122: Chart on Italy - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 123: Data Table on Italy - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 124: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 125: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 9.12 France - Market size and forecast 2021-2026
      • Exhibit 126: Chart on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 127: Data Table on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 128: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 129: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 130: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 131: Impact of drivers and challenges in 2021 and 2026
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 132: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 133: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 134: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 135: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 136: Matrix on vendor position and classification
            • 12.3 Avis Budget Group Inc.
              • Exhibit 137: Avis Budget Group Inc. - Overview
              • Exhibit 138: Avis Budget Group Inc. - Business segments
              • Exhibit 139: Avis Budget Group Inc. - Key offerings
              • Exhibit 140: Avis Budget Group Inc. - Segment focus
            • 12.4 Carzonrent India Pvt. Ltd.
              • Exhibit 141: Carzonrent India Pvt. Ltd. - Overview
              • Exhibit 142: Carzonrent India Pvt. Ltd. - Product / Service
              • Exhibit 143: Carzonrent India Pvt. Ltd. - Key offerings
            • 12.5 Enterprise Holdings Inc.
              • Exhibit 144: Enterprise Holdings Inc. - Overview
              • Exhibit 145: Enterprise Holdings Inc. - Product / Service
              • Exhibit 146: Enterprise Holdings Inc. - Key news
              • Exhibit 147: Enterprise Holdings Inc. - Key offerings
            • 12.6 Europcar Mobility Group SA
              • Exhibit 148: Europcar Mobility Group SA - Overview
              • Exhibit 149: Europcar Mobility Group SA - Business segments
              • Exhibit 150: Europcar Mobility Group SA - Key news
              • Exhibit 151: Europcar Mobility Group SA - Key offerings
              • Exhibit 152: Europcar Mobility Group SA - Segment focus
            • 12.7 Expedia Group Inc.
              • Exhibit 153: Expedia Group Inc. - Overview
              • Exhibit 154: Expedia Group Inc. - Business segments
              • Exhibit 155: Expedia Group Inc. - Key offerings
              • Exhibit 156: Expedia Group Inc. - Segment focus
            • 12.8 Hertz Global Holdings Inc.
              • Exhibit 157: Hertz Global Holdings Inc. - Overview
              • Exhibit 158: Hertz Global Holdings Inc. - Business segments
              • Exhibit 159: Hertz Global Holdings Inc. - Key offerings
              • Exhibit 160: Hertz Global Holdings Inc. - Segment focus
            • 12.9 Localiza Rent a Car SA
              • Exhibit 161: Localiza Rent a Car SA - Overview
              • Exhibit 162: Localiza Rent a Car SA - Business segments
              • Exhibit 163: Localiza Rent a Car SA - Key offerings
              • Exhibit 164: Localiza Rent a Car SA - Segment focus
            • 12.10 Movida Participacoes SA
              • Exhibit 165: Movida Participacoes SA - Overview
              • Exhibit 166: Movida Participacoes SA - Business segments
              • Exhibit 167: Movida Participacoes SA - Key offerings
              • Exhibit 168: Movida Participacoes SA - Segment focus
            • 12.11 SIXT SE
              • Exhibit 169: SIXT SE - Overview
              • Exhibit 170: SIXT SE - Business segments
              • Exhibit 171: SIXT SE - Key news
              • Exhibit 172: SIXT SE - Key offerings
              • Exhibit 173: SIXT SE - Segment focus
            • 12.12 Turo Inc.
              • Exhibit 174: Turo Inc. - Overview
              • Exhibit 175: Turo Inc. - Product / Service
              • Exhibit 176: Turo Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 177: Inclusions checklist
                • Exhibit 178: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 179: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 180: Research methodology
                • Exhibit 181: Validation techniques employed for market sizing
                • Exhibit 182: Information sources
              • 13.5 List of abbreviations
                • Exhibit 183: List of abbreviations

              Research Framework

              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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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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              The car rental market growth will increase by $93.17 billion during 2022-2026.
              The car rental market is expected to grow at a CAGR of 18.66% during 2022-2026.
              Technavio has segmented the car rental market by type (Economy cars, Executive cars, Luxury cars, SUVs, and MUVs) ,mode of booking (Offline and Online) , and rental category (Air Transport, Local Transport, Outstation transport, and Other transport).
              Al Futtaim Group Co., Aspark Holidays Pvt. Ltd., Autorent Car Rental LLC, Avis Budget Group Inc., Carzonrent India Pvt. Ltd., CENTAURO RENT A CAR S.L.U, DriiveMe Ltd., Drivezy Inc., Enterprise Holdings Inc., Europcar Mobility Group SA, Expedia Group Inc., Getaround Inc., Green Motion International, Hertz Global Holdings Inc., Localiza Rent a Car SA, Mex Rent a Car, Movida Participacoes SA, OK Group, SIXT SE, Turo Inc., Zoomcar India Pvt. Ltd. are a few of the key vendors in the car rental market.
              North America will register the highest growth rate of 37.71% among the other regions. Therefore, the car rental market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Germany
              • Italy
              • France
              The key factors driving the car rental market growth are:
              • Growth in the travel and tourism industry
              • Advent of intermediaries
              The car rental market vendors should focus on grabbing business opportunities from the economy cars segment as it accounted for the largest market share in the base year.
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