Car Rental Market Insights, Share & Growth Trends 2025 to 2030

Markntel Advisors’ report, Car Rental Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Car Rental presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Car Rental Market Research Report & Market Summary:

The Global Car Rental Market size is valued at around USD 108 Billion in 2024 and is projected to reach around USD 256 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18.84% during the forecast period i.e., 2025-30. Various factors, including the diversification of services, increasing urbanization, rising disposable income, ascending preference for on-demand transportation, and growth of tourism, have played a major role in the market growth & would continue to support the market expansion.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/car-rental-market.html

Car Rental Market Dynamics:

Key Driver-

Expansion of Global Tourism to Augment the Market Growth - Tourism is a rapidly growing industry, especially in countries like China, the UAE, France, etc., and this has been a major driver for the Car Rental market across the globe. According to World Travel and Tourism Council, the growth rate of the global travel & tourism sector outpaced the growth of the global economy for nine consecutive years prior to the COVID-19 pandemic. During the pandemic, the industry witnessed a downfall of 50.4%, and later on, it recovered by 21.7% in 2021. As more individuals travel globally, they seek convenient means of transportation, owing to which they opt for these services.

Car Rental Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Booking Mode

Offline
Online

Rental car booking through Online mode was considerably high across the globe due to factors such as convenience, flexibility, and time-saving. While booking rental cars online, customers get a wide range of options & discounts, in comparison to in-person booking, and along with this, it helps consumers to secure last-minute reservations even during peak hours.

By Application

Leisure
Business

By Vehicle Type

Luxury
Economy Cars
Executive Cars
Sports Utility Vehicles (SUVs)
Multi Utility Vehicles (MUVs)

Economy cars have registered a significant demand due to their compact size & cost-effectiveness. Customers usually prefer these cars for airport & intracity rides, especially in Europe & Asia-Pacific. Furthermore, they are the cheapest option available in the rental fleet line-up & have better mileage which customers who rent care for long journeys prefer them. Owing to these factors, the preference for these cars is anticipated to witness a continuous surge during the forecast period.

By Rental Category

Local
Airport
Outstation

By Driver Type

Self-Driving
Chauffeur

By Rental Duration

Short Term
Long Term

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

North America is home to three major economies, the US, Mexico, and Canada, which have a huge number of business establishments, owing to which several domestic business trips are witnessed to be very high within the countries for purposes like client meetings, conferences, etc. The companies & executives both find rental cars, the most cost-effective way for traveling.

As indicated in the latest market research report published by Markntel Advisors, “Car Rental Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Car Rental industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/car-rental-market.html

Top Companies Operating in the Car Rental Market:

Avis Budget Group
Sixt SE
Enterprise Holdings (Alamo)
Hertz Corp.
Europcar
Localiza
Carzonrent India Pvt. Ltd. (CIPL)
ZoomCar, Inc.
Dollar Rent a Car
Green Motion
Buchbinder
Others.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & Car Rental Market adoption?
How has the competition been shaping up across the geography?

Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.