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Global Car Rental Market by Vehicle Type (Executive Cars, Economic Cars, Luxury Cars, Multi Utility Vehicles (MUVs), Sports Utility Vehicles (SUVs)) Business Overview, Analysis and Industry Forecast 2019-2022

  • Category:Automotive and Transportation
  • Published on:06 February, 2019
  • Pages:120
  • Formats:    
  • Report Code: HMI - 973568
  • Publisher:Genesis Market Insights


GLOBAL CAR RENTAL MARKET was valued at USD 35.5 Billion in the year 2019. Global Car Rental market is further estimated to grow at a CAGR of 14.17% from 2019 to reach USD 89.3 Billion by the year 2025. North America region holds the highest market share in 2019 whereas the Asia-Pacific market is considered as the fastest growing region in the forecasted period. At the country level, developed markets like the US with highest population base holds the notable market share in 2019 and it is projected to grow strongly in the coming years.

Sixt SE (Germany), Avis Budget Group, Inc. (US), The Hertz Corporation (US), Enterprise Holdings Inc. (US) are some of the key players in the Car Rental market with The Hertz Corporation holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.


The rise in the tourism industry

Rising demand from the corporate sector


High initial investments


Introduction of autonomous cars


Logistics management

Amongst vehicle types such as Economy cars, Executive cars, Luxury cars and SUVs & MUVs, it is observed that the Economy cars segment because of the growing popularity and availability is expected to hold the highest market share during the forecasted period.

On the other hand Executive cars for this market is expected to grow at the highest CAGR of X.X% during the year 2019-2025.

Key Benefits for Stakeholders

Car Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Vehicle Type

Executive Cars

Economic Cars

Luxury Cars

Multi Utility Vehicles (MUVs)

Sports Utility Vehicles (SUVs)

By Rental Category

Local Transport

Outstation Transport

Airport Transport


By Mode of Booking

Online Booking

Offline Booking

By Region

North America




Key Market Players

1 Europcar (France)

2 Avis Budget Group, Inc. (US)

3 Enterprise Holdings Inc. (US)

4 Carzonrent India Pvt Ltd. (India)

5 The Hertz Corporation (US)

6 Alamo (US)

7 Sixt SE (Germany)

(Another brief information of 13 companies will be provided in the report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
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