openPR Logo
Press release

Car Rental Market Pricing Model, Customized Section, Future Demand, Trends, Opportunities by 2026

03-31-2021 05:09 PM CET | Tourism, Cars, Traffic

Press release from: allied market resaerch

car rental market

car rental market

The global car rental market was pegged at $85.14 billion in 2016 and is expected to reach $214.04 billion by 2027, registering a CAGR of 10.7% from 2020 to 2027.

Expansion & progression of global travel and tourism industry increase in disposable income of people in North America, enhanced road infrastructure, and rise in investment by global funds and players opting for aggregator-based business model are the major factors that drive the growth of the global car rental market. However, volatile prices of gasoline and petroleum products hamper the car rental market growth. On the contrary, the rise in trend of using the internet to customize travel trips and for reservations and bookings is expected to create lucrative opportunities in the near future

The market report analyzes the major market players such as Carzonrent India Pvt Ltd., Avis Budget Group, Inc., Europcar, Enterprise Holdings Inc., Sixt Rent a Car, The Hertz Corporation, Localiza, Uber Technologies Inc., Budget Rent a Car System, Inc., and Eco Rent a Car. These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the hybrid cloud industry.

Get Sample Report for More Details @

The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the North America region held the lion's share in 2017, accounting for nearly two-fifths of the market. However, the market across the Asia-Pacific region is estimated to register the fastest CAGR of 10.5% from 2020 to 2027.

On the basis of the rental category, the market is bifurcated into an airport, off-airport, local usage, outstation, and others. The off-airport segment dominated the market in 2020, contributing around three-fifths of the market. However, the outstation segment is estimated to register the fastest CAGR of 12.8% during the study period.

The global car rental market is categorized on the basis of the type of car, rental category, and region. Based on the type of car, the market is segmented into a luxury car, executive car, economical car, sports utility vehicle (SUV), and multi-utility vehicle (MUV). The economical car segment held the largest share in 2016, accounting more than one-fourth of the market. Moreover, the segment is projected to manifest the fastest CAGR of 12.5% during the forecast period.

Key Drivers such as -
1. Expansion and progression of worldwide travel and tourism industry
2. The rise in the disposable income of people in North America and Europe
3. Enhanced road infrastructure around the globe
4. Investment by global funds and players opting for aggregator based business model

Inquire more about this report @

Key Benefits
o The study provides an in-depth analysis of the global car rental market with current trends and future estimations to elucidate the imminent investment pockets.
o It offers a quantitative analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
o It also provides market estimation for 2020 and 2027 and Y-o-Y forecasts from 2020 to 2027, considering 2019 as base.

Car Rental Market Key Segments

By Type Of Car
o Luxury Car
o Executive Car
o Economical Car
o Sports Utility Vehicle (SUV)
o Multi Utility Vehicle (MUV)

By Rental Category
o On Airport
o Off Airport
o Local Usage
o Outstation

Report Customization @

Questions answered in the car rental market research report:
o What is the growth rate of the car rental market during the forecast period?
o What will be the global car rental market size from 2020 to 2027?
o What are the leading manufacturing companies in the car rental market?
o How the major current trends will shape the market in the future?
o What are the driving factors and opportunities in the car rental market?

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Follow Us on LinkedIn:

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Car Rental Market Pricing Model, Customized Section, Future Demand, Trends, Opportunities by 2026 here

News-ID: 2264402 • Views: 160

More Releases from allied market resaerch

Hydrogen Fuel Cell Vehicle Market Share, Business Growth by Top Key Players Anal …
According to Allied Market Research, the global hydrogen fuel cell vehicle market is projected to reach $12.13 billion by 2023. Driven by an increase in environmental concerns and government initiatives for the development of hydrogen fuel cell infrastructure, the market is expected to manifest a colossal CAGR of 72.4% from 2017 to 2023. Request Sample Report at: If the ongoing International Consumer Electronics Show (CES) at Las Vegas has showcased
Golf Cart Market Growth, Major Companies, Strategies and New Trends by 2026
The solar golf cart segment is expected to register the fastest CAGR of 9.1% through 2023, as solar golf carts offer several tax benefits as well as emit fewer toxic pollutants. In addition, electric golf cart segment is expected to hold the largest market share, contributing almost half of the total market by 2023. The study includes the analysis of gasoline golf carts. For Purchase Enquiry: The global Golf Cart
Automotive Differential Market Analysis By Development Trend, Key Players & Inve …
Differential system offers better traction on roads and fuel efficiency, as it splits power or torque generated by engine to allow wheels or axles move independently at different speeds. The increasing vehicle production along with demand for all wheel drive vehicles is a major driver for the differential market. It allows the outer drive wheel to rotate faster than the inner drive wheel, which is necessary when a vehicle turns,
Rolling Stock Market Coronavirus (COVID-19) : News and Impact Analysis 2026
Rolling Stock Market by Product Type (Locomotives, Rapid Transit (DMU, EMU, Light Rail, Metro) Wagons, Coaches), Locomotive Propulsion (Diesel and Electric), Application (Passenger & Freight), Components: Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global rolling stock industry garnered $58.60 billion in 2018, and is expected to reach $73.8 billion by 2026, growing at a CAGR of 2.9% from 2019 to 2026. For purchase inquiry at: Top

All 5 Releases

More Releases for Car

Car Monitor Display Global Car Monitor Display Market Insights, Forecast to 2025 This report presents the worldwide Car Monitor Display market size value, production and consumption, splits the breakdown data status 20132018 and forecast to 2025, by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. Download Free PDF Sample
Sports Car Industry Forecasts
Albany, New York, November 8, 2016: Market Research Hub has announced a new research report to its database, titled “Sports Car industry forecasts”. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far
India Car Rental Market
A research study, titled “India Car Rental Market: Trends, Opportunities And Forecasts (2016-2021)” - (By Value, By Region, By Segment - Radio Taxi, Corporate Rental, Aggregators and Affilators; Key Players; Market Share And Dynamics),” has been recently added by to its huge repository of research studies. The research study further provides a detailed analysis of the car rental market in India, focusing on the product segmentation, competitive scenario, and
Apple Car
Apple Car – The new Apple driverless car was unveiled it is said to be the top hybrid electric car. The Apple Car will change the automotive industry very soon, learn why, & discover what the Apple Driverless Car will contain. Apple Car - All over, an auto appears like a heartbreaking thing for Apple Inc. to manufacture. Autos are a fiercely commoditised, staggeringly costly, for the most part low-edge
Connected World - Connected Car
According to ABI research, the number of global users of telematics smartphone applications is set to explode in the next five years from 3.2 million to 129 million users. It is vital that automotive manufacturers keep up-to-date with developments in this field if they are to remain competitive in this fast-paced market. Because their customers won’t wait. At IQPC’s 4th International Conference Connected Vehicles from 12-14 April in Berlin, experts
Car insurance: Over 50 car insurance advantages
Over 50 car insurance It has been observed that older drivers tend to have a more mature approach towards driving than new drivers. Car insurance companies are more and more eager to target drivers aged 50 plus or those that have retired as older drivers are more experience, fewer accidents and more consistent. We can say older drivers are present less of a risk. This means the over 50s are less