openPR Logo
Press release

Car Rental Market Report 2025 Edition: Industry Size, Share, Growth and Competitor Analysis

07-01-2025 12:14 PM CET | Logistics & Transport

Press release from: IMARC Group

Car Rental Market Report 2025 Edition: Industry Size, Share,

IMARC Group, a leading market research company, has recently released a report titled "Car Rental Market Size, Share, Trends and Forecast by Booking Type, Rental Length, Vehicle Type, Application, End User, and Region, 2025-2033". The study provides a detailed analysis of the industry, including the global car rental market share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How Big Is the Car Rental Market?

The global car rental market size reached USD 83.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 105.7 Billion by 2033, exhibiting a growth rate CAGR of 2.6% during 2025-2033. North America currently dominates the market, holding a car rental market share of over 37.8% in 2024. The market is experiencing steady growth driven by the escalating need for cost-effective and short-term mobility options, the expanding middle class, and continuous technological advancements, particularly the integration of smart technologies and online platforms.

Market Key Highlights:

Market Growth: The car rental market is experiencing steady growth, driven by rising travel demand, urban mobility trends, and tourism recovery.

Target Demographics: Widely used by business travelers, tourists, urban commuters, and customers seeking temporary vehicle solutions.

Service Variety: Offers short-term, long-term, luxury, airport, and peer-to-peer rental options to suit various customer needs.

Technology Trends: Integration of digital booking platforms, GPS tracking, and contactless rentals is enhancing user convenience and service efficiency.

Distribution Channels: Services are delivered through airport counters, local rental agencies, mobile apps, and online booking platforms.

Request to Get the Sample Report:
https://www.imarcgroup.com/car-rental-market/requestsample

The Future of the Car Rental Market

The car rental market is undergoing a significant transformation, shaped by evolving consumer preferences, technological innovation, and sustainability trends. By 2025, demand is expected to rise substantially as more travelers seek flexible, convenient, and cost-effective transportation options. Increased business and leisure travel, combined with urbanization and a shift away from vehicle ownership, are creating fertile ground for growth in the sector.

Technology will play a central role in reshaping the customer experience. Digital platforms are streamlining the rental process through mobile booking, contactless check-ins, real-time vehicle tracking, and personalized service offerings. At the same time, sustainability is becoming a critical focus. Rental fleets are being upgraded with electric and hybrid vehicles to align with eco-conscious values and regulatory mandates.

The rise of subscription-based rental models is also reshaping the landscape, offering flexible alternatives to traditional car ownership. These models appeal especially to urban consumers and younger demographics who prioritize access and convenience over long-term ownership commitments.

As the market continues to evolve, rental companies that embrace innovation, digital transformation, and environmentally responsible practices will be best positioned to thrive. The outlook for the car rental market is optimistic, with strong potential for growth driven by adaptability and customer-centric strategies.

Market Dynamics of the Car Rental Market

● Shift Toward Sustainable Mobility Solutions

Environmental consciousness is driving a fundamental shift in the car rental market, with growing demand for low-emission transportation options. Rental companies are increasingly integrating electric and hybrid vehicles into their fleets to meet rising consumer expectations and align with global sustainability goals. By 2025, sustainability is expected to be a major competitive differentiator in the industry, influencing both customer choices and regulatory compliance.

To support this transition, companies are investing in EV infrastructure, such as charging stations at rental locations and partnerships with electric vehicle manufacturers. Some are also working with local governments to incentivize the adoption of clean-energy vehicles. As travelers become more aware of their environmental footprint, they are actively seeking rental options that support greener travel. This dynamic is pushing providers to reimagine their fleet strategies and develop environmentally responsible offerings that align with both consumer demand and environmental regulations.

● Rise of Technology-Driven Services

Digital transformation is at the core of the car rental industry's evolution. Customers now expect seamless, on-demand service experiences that rival the convenience of ride-sharing platforms. Mobile apps, AI-powered platforms, and cloud-based solutions are making booking, managing, and modifying rentals more efficient and user-friendly. By 2025, advanced digital capabilities are expected to dominate the market, creating highly personalized and frictionless rental experiences.

Technologies such as AI, machine learning, and data analytics are enabling companies to anticipate demand, optimize pricing, and tailor services to individual user preferences. Features like digital identity verification, contactless vehicle access, and automated customer support are quickly becoming industry standards. Rental firms that leverage these tools will benefit from increased customer loyalty, streamlined operations, and enhanced competitive advantage. As customer expectations continue to evolve, embracing smart technologies will be essential for sustained market leadership.

● Growth of Subscription-Based Rental Models

The traditional concept of car rentals is expanding with the rise of subscription-based models. These services offer a flexible, all-inclusive alternative to ownership, appealing particularly to urban dwellers and younger consumers who prioritize mobility over possession. By 2025, subscription-based rentals are expected to account for a growing share of the market, reflecting broader shifts in consumer behavior and lifestyle.

Under these models, customers pay a recurring monthly fee for access to a vehicle, often bundled with services such as maintenance, insurance, and roadside assistance. This not only simplifies vehicle use but also reduces the administrative burden associated with car ownership. Rental companies are increasingly adopting tiered subscription plans to cater to different user needs-from daily commuters to occasional drivers. The growing popularity of these models reflects a broader cultural movement toward flexibility and convenience, marking a key transformation in how consumers approach personal mobility.

Checkout Now: https://www.imarcgroup.com/checkout?id=2036&method=1670

Car Rental Market Report Segmentation:

By Booking Type:

● Offline Booking
● Online Booking

Family travelers dominate the market, as they typically opt for comprehensive travel insurance that covers multiple members and a wide range of potential risks during their trips.

By Rental Length:

● Short Term
● Long Term

The short-term segment held the largest market share, driven by strong demand for car rentals for business travel, weekend trips, and other short-duration needs.

By Vehicle Type:

● Luxury
● Executive
● Economy
● SUVs
● Others

Luxury emerged as the leading segment, driven by the preference of high-income individuals and travelers for premium vehicles that offer superior comfort, status, and a more refined travel experience.

By Application:

● Leisure/Tourism
● Business

The leisure and tourism segment holds the largest market share, driven by the high number of tourists and vacationers who prefer renting cars for convenient and flexible travel.

By End User:

● Self-Driven
● Chauffeur-Driven

The self-driven segment held the largest market share due to its enhanced flexibility, privacy, and control over travel schedules, making it a preferred choice for both leisure and business travelers.

Regional Insights:

● North America
● Asia Pacific
● Europe
● Latin America
● Middle East and Africa

North America leads the market due to its robust tourism sector, high levels of disposable income, and well-established transportation infrastructure that facilitates car rental services.

Competitive Landscape with Key Players:

The competitive landscape of the car rental market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

● Avis Budget Group, Inc.
● Carzonrent India Private Limited
● Eco rent a car
● Enterprise Holdings, Inc.
● Enterprise Rent-A-Car
● Europcar
● Localiza
● Sixt SE
● The Hertz Corporation

Ask Analyst for Customized Report: https://www.imarcgroup.com/request?type=report&id=2036&flag=C

Key Highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● Market Trends
● Market Drivers and Success Factors
● Impact of COVID-19
● Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Contact Us:

IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145

This release was published on openPR.

Permanent link to this press release:

Copy
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 Report 2025 Edition: Industry Size, Share, Growth and Competitor Analysis here

News-ID: 4087868 • Views:

More Releases from IMARC Group

Meal Subscription Business Plan Project Report 2025: Market Trends and Investment Opportunities
Meal Subscription Business Plan Project Report 2025: Market Trends and Investmen …
Meal Subscription Business Plan & Project Report Overview IMARC Group's "Meal Subscription Business Plan and Project Report 2025" offers a comprehensive framework for establishing a successful meal subscription service business. The critical areas, including market trends, investment opportunities, revenue models, and financial forecasts, are discussed in this in-depth report and are therefore useful resources to entrepreneurs, consultants and investors. Whether evaluating the viability of a new venture or streamlining an existing
India Retail Market Size, Share, Trends, Growth, Industry Outlook and Analysis Report 2025-2033
India Retail Market Size, Share, Trends, Growth, Industry Outlook and Analysis R …
As indicated in the latest market research report published by IMARC Group, titled " India Retail Market Size, Share, Trends and Forecast by Product, Distribution Channel, and Region, 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India retail market size reached USD 993.1 Billion
Home Healthcare Services Business Plan 2025: Costs, Setup, and Profit Potential
Home Healthcare Services Business Plan 2025: Costs, Setup, and Profit Potential
Home Healthcare Services Business Plan & Project Report Overview IMARC Group's "Home Healthcare Services Business Plan and Project Report 2025" offers a comprehensive framework for establishing a successful home healthcare services business. The critical areas, including market trends, investment opportunities, revenue models, and financial forecasts, are discussed in this in-depth report and are therefore useful resources to entrepreneurs, consultants and investors. Whether evaluating the viability of a new venture or streamlining
India Used Car Market Size, Trends, Share, Growth, Industry Outlook and Analysis Report 2025-2033
India Used Car Market Size, Trends, Share, Growth, Industry Outlook and Analysis …
As indicated in the latest market research report published by IMARC Group, titled "India Used Car Market Report by Vehicle Type (Hatchbacks, Sedan, Sports Utility Vehicle, Others), Vendor Type (Organized, Unorganized), Fuel Type (Gasoline, Diesel, Others), Sales Channel (Online, Offline), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the

All 5 Releases


More Releases for Rental

Construction Equipment Rental (Ez Equipment Rental)
Whatever Your Project Needs, We Have The Solution We understand purchasing heavy equipment isn't always the best option for a business, especially if you only need a machine temporarily. EZ Equipment Rental LLC services industrial businesses with the equipment they need to operate, as well as homeowners and handymen tackling residential projects. Our inventory is stocked with bucket trucks, concrete equipment, generators, lighting, pumps, saws, jumping jacks, air compressors, pressure washers, earthmoving
Machinery Rental Market Growth Drivers, and Competitive Landscape |United Rental …
The Machinery Rental Market Trends Overview 2024-2031: A new Report by Worldwide Market Reports, titled "Machinery Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Machinery Rental market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report has a complete table of contents, figures, tables, and charts, as well as
Floorcare Equipment Rental Market Size in 2023 To 2029 | Hejny Rental, Herc Rent …
Floorcare Equipment Rental market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing rental providers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7629985 Descriptive company
Future Growth: Equipment Rental Platform Market Sees Promising Growth in 2022 Un …
Global Equipment Rental Platform Market Research Report provides a key analysis of the market status of the Equipment Rental Platform with the best facts and figures, meaning, definition, SWOT analysis, expert opinions, and the latest developments across the globe. The report also calculates the market size, Sales, Price, Revenue, Gross Margin, Market Share, cost structure, and growth rate. The report considers the revenue generated from the sales of This Report
Machinery Rental Market Growing Demand, Industry Growth And Scope with Outlook 2 …
Worldwide Market Reports provide important in-depth insights for the Machinery Rental Market In its recently released study. It includes global industry analysis, size, share, growth, trends, and forecast for 2022-2029. The market study for Machinery Rental has been created after careful consideration of the current trends in the industry. It provides a clear, fact-filled overview of the market definition. The research focuses on the market size for Machinery Rental, latest
Forklift Rental Market 2019 by Top Vendor Analysis-Kanoo Machinery, Peax Equipme …
The report Forklift Rental Market 2019 Research highlights key dynamics of Global Forklift Rental Industry sector. The report explicit the complete details covering product definition, product type, and application. The report covers helpful subtleties which are sorted dependent on generation region, major players, and item type which will give a simplified view on the business. The market report shows the competitive scenario of the major market players dependent