Global Car Rental Market Size, Analysis | Industry Research Report 2024

The global car rental market was valued at USD 45.1 billion in 2015. The market is poised to grow with a lucrative CAGR of nearly 13% from 2016 to 2024. The factors such as rise in tourism, growing number of corporate travelers, and increase in leisure and group activities are expected to provide impetus for future expansion of the market.

The car rental market has been evolving rapidly due to technological advancements, increase in per-capita expenditure, and growing demand local and outstation travelers. The car rental operators are extensively utilizing the digital channels for staying relevant, improving service quality; facilitate easy booking, and to promote new products to the customers.

The various trends observed in the market indicate strong prospects of market consolidation, shifting consumer preferences, and the growing demand for large sized vehicles such as SUV’s and MUV’s. Furthermore, the volatility in the crude oil prices is also expected to play a vital role in the market growth over the next few years.

The market consolidation through and joint ventures and mergers and acquisitions (M&A), to tap the emerging markets with high unmet needs is expected to be a key trend over the next few years. The other innovative collaborations using value added services and shared profit models are expected to positively impact the future growth prospects

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Table Of Content:

Chapter 1. Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

Chapter 2. Executive Summary

Chapter 3. Car Rentals Overview
3.1 Market Ecosystem
3.2 Key Stakeholders
3.3 Industry Trends & Analysis

Chapter 4. Car Rentals Industry Outlook
4.1 Market Overview
4.2 Market Segmentation
4.3 Market Size and Growth Prospects
4.4 Market Analysis by Vehicle Type
4.4.1 SUV
4.4.2 MUV
4.4.3 Luxury Cars
4.4.4 Executive Cars
4.4.5 Economy Cars
4.5 Market Analysis by End-Use
4.5.1 On-Airport
4.5.2 Off-Airport

4.6 Market Analysis by Booking Type
4.7 Market Analysis by Geography
4.8 Leading Brand Dynamics

4.9 Key Market Drivers
4.9.1 Increase in number of air travelers
4.9.2 Growing penetration of internet users across the globe
4.9.3 High demand due to growing corporate and leisure travel
4.9.4 Proliferation of technology and high focus on improving accessibility

4.10 Key Market Challenges/ Restraints
4.10.1 Lack of well-defined quality and safety regulations
4.10.2 Uncertainty in global crude oil prices
4.10.3 Improvement in public transportation services

4.11 Key Market Opportunities
4.11.1 Growing demand from business and corporate travelers
4.11.2 Increasing demand from international and domestic tourists

4.12 Major Trends & Issues
4.13 Penetration & Growth Prospects
4.14 Industry Analysis - Porter’s
4.15 Car Rentals Market -PESTEL Analysis
4.16 Technology Landscape

Chapter 5: Pipeline Intelligence
5.1 Executive Summary
5.2 Upcoming/ Emerging Products and/or Solutions
5.3 Key R&D Trends
5.4 M&A Outlook

Chapter 6: Regional Market Outlook

Chapter 7: Pricing Analysis

Chapter 8: Technology and Consumer outlook

Chapter 9: Competitive Landscape


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