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Global Market for Car Rental Business

Dublin, March 15, 2023 (GLOBE NEWSWIRE) -- The "Car Rental Business: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Car Rental Business estimated at US$66.6 Billion in the year 2022, is projected to reach a revised size of US$102.8 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.

Airport, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$39.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Non-Airport segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $25.3 Billion, While China is Forecast to Grow at 10.3% CAGR

The Car Rental Business market in the U.S. is estimated at US$25.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.8 Billion by the year 2030 trailing a CAGR of 10.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 131 Featured) -

• Avis Budget Group, Inc.

• Enterprise Holdings, Inc.

• Europcar Mobility Group

• Rent-A-Wreck of America, Inc.

• Sixt AG

• The Hertz Corporation

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• As Covid-19 Pandemic Decimates the Demand, Car Rental Business Market Set to Incur Huge Losses in 2020

• Monthly Change in International Tourist Arrivals for January, February, & March 2020

• Global Travel &Tourism Industry Revenues (In US$ Billion) for the Years 2019 & 2020

• Global Flight Departures in First Week of April 2020 & 2019

• Battered Global Travel & Tourism Industry Steals All Hope From Car Rental Businesses

• An Introduction to Car Rental Business

• Evolution of Rent-A-Car Concept Over the Years

• Fleet Ownership Patterns: A Review

• Classification of Car Rental Business by Location & Sector

• Car Rental Business by Location

• Car Rental Business by Sector

• Car Rental Business: Current Market Scenario and Outlook

• Developed Regions: Primary Revenue Contributors

• World Car Rental Business Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions

• High Growth Opportunities in Developing Regions

• World Car Rental Business Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Middle East, Latin America, Africa, Canada, USA, Japan, and Europe

• COVID-19 Pandemic Set to Dent Economic Growth Across All Regions, While Inducing Weakness Into Car Rental Business Sector

• World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021

• COMPETITIVE SCENARIO

• Car Rental Market: A Diverse Playfield

• Leading Car Rental Firms across Regional Markets

• Emphasis on Innovative Strategies

• Personalized Offers and Specialized Services

• Subscription Packages: The New Marketing Approach

• Price Matching Systems for Assuring Customers

• End-to-End Customer Support Remains Major Focus Area

• Mergers & Acquisitions (M&A) Gather Steam

• Recent Market Activity

• Car Rental Companies Lean Towards Shared Mobility Service

• Car Rental Business - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)