The North America Car Rental Market would witness market growth of 3.9% CAGR during the forecast period (2021-2027).
Automobile rentals contribute significantly to pollution reduction by lowering the volumetric sales of owned vehicles. Additionally, with a growth in air traffic and an increase in the trend of online auto booking, car rentals are the preferred means of transportation for travellers, since cars are the most cost-effective and time-efficient way of transportation. These benefits propel the car rental industry forward at a phenomenal pace.
Rising internet penetration in both emerging and established nations has further helped market players in capturing a wider client base through the use of dedicated mobile applications for customer convenience. Technology is regarded as a critical component that boosts the adoption of car rental services around the world.
The increasing number of business and leisure journeys across the area, both domestically and internationally, is one of the major factors that allow many existing and emerging companies to focus on car rental services. In addition, the existence of important service providers in the region, such as Enterprise Rent-a-Car and Avis Budget Group, is likely to increase revenue development opportunities.
In the region, the United States continues to be the largest country for the vehicle rental services industry. Recently, the use of these services has expanded in various cities, owing to increasing initiatives by service providers. Hence, these aspects would open new growth avenues for the overall Car Rental Market during the forecasting period.
The US market dominated the North America Car Rental Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $46.95 billion by 2027. The Canada market is estimated to witness a CAGR of 6.2% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 5.3% during (2021 - 2027).
Based on Application, the market is segmented into Airport Transport, Outstation, Local usage and others. Based on Vehicle Type, the market is segmented into Economy cars, Executive cars, Luxury cars, SUVs and MUVs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Car Rental Market is Estimated to reach $125.6 Billion by 2027, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avis Budget Group, Inc., Europcar Mobility Group, Enterprise Holdings, Inc., Hertz Global Holdings, Inc., Localiza, SIXT SE, Eco Rent a Car, ANI Technologies Pvt. Ltd. (Ola Cabs), and AVR Qatar, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Airport Transport
- Outstation
- Local usage
- Others
By Vehicle Type
- Economy cars
- Executive cars
- Luxury cars
- SUVs
- MUVs
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Avis Budget Group, Inc.
- Europcar Mobility Group
- Enterprise Holdings, Inc.
- Hertz Global Holdings, Inc.
- Localiza
- SIXT SE
- Eco Rent a Car
- ANI Technologies Pvt. Ltd. (Ola Cabs)
- AVR Qatar, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Car Rental Market, by Application
1.4.2 North America Car Rental Market, by Vehicle Type
1.4.3 North America Car Rental Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jun – 2021, Dec) Leading Players
Chapter 4. North America Car Rental Market by Application
4.1 North America Airport Transport Market by Country
4.2 North America Outstation Market by Country
4.3 North America Local usage Market by Country
4.4 North America Other Applications Market by Country
Chapter 5. North America Car Rental Market by Vehicle Type
5.1 North America Economy cars Market by Country
5.2 North America Executive cars Market by Country
5.3 North America Luxury cars Market by Country
5.4 North America SUVs Market by Country
5.5 North America MUVs Market by Country
Chapter 6. North America Car Rental Market by Country
6.1 US Car Rental Market
6.1.1 US Car Rental Market by Application
6.1.2 US Car Rental Market by Vehicle Type
6.2 Canada Car Rental Market
6.2.1 Canada Car Rental Market by Application
6.2.2 Canada Car Rental Market by Vehicle Type
6.3 Mexico Car Rental Market
6.3.1 Mexico Car Rental Market by Application
6.3.2 Mexico Car Rental Market by Vehicle Type
6.4 Rest of North America Car Rental Market
6.4.1 Rest of North America Car Rental Market by Application
6.4.2 Rest of North America Car Rental Market by Vehicle Type
Chapter 7. Company Profiles
7.1 Avis Budget Group, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.1.4.3 Geographical Expansions:
7.2 Europcar Mobility Group (Eurazeo)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Recent strategies and developments:
7.2.3.1 Partnerships, Collaborations, and Agreements:
7.3 Enterprise Holdings, Inc. (The Crawford Group, Inc.)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Acquisition and Mergers:
7.4 Hertz Global Holdings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.5 Localiza
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.6 SIXT SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional & Segmental Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Eco Rent a Car
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.2.2 Geographical Expansions:
7.8 ANI Technologies Pvt. Ltd. (Ola Cabs)
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 AVR Qatar, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional & Segmental Analysis
7.9.4 Research & Development Expenses
TABLE 1 North America Car Rental Market, 2017 - 2020, USD Million
TABLE 2 North America Car Rental Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Car Rental Market
TABLE 4 Product Launches And Product Expansions– Car Rental Market
TABLE 5 Acquisition and Mergers– Car Rental Market
TABLE 6 Geographical expansions– Car Rental Market
TABLE 7 North America Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 8 North America Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 9 North America Airport Transport Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Airport Transport Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Outstation Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Outstation Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Local usage Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Local usage Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 18 North America Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 19 North America Economy cars Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Economy cars Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Executive cars Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Executive cars Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Luxury cars Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Luxury cars Market by Country, 2021 - 2027, USD Million
TABLE 25 North America SUVs Market by Country, 2017 - 2020, USD Million
TABLE 26 North America SUVs Market by Country, 2021 - 2027, USD Million
TABLE 27 North America MUVs Market by Country, 2017 - 2020, USD Million
TABLE 28 North America MUVs Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Car Rental Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Car Rental Market by Country, 2021 - 2027, USD Million
TABLE 31 US Car Rental Market, 2017 - 2020, USD Million
TABLE 32 US Car Rental Market, 2021 - 2027, USD Million
TABLE 33 US Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 34 US Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 35 US Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 US Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 Canada Car Rental Market, 2017 - 2020, USD Million
TABLE 38 Canada Car Rental Market, 2021 - 2027, USD Million
TABLE 39 Canada Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 40 Canada Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 41 Canada Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 42 Canada Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 43 Mexico Car Rental Market, 2017 - 2020, USD Million
TABLE 44 Mexico Car Rental Market, 2021 - 2027, USD Million
TABLE 45 Mexico Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 46 Mexico Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 47 Mexico Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 48 Mexico Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 49 Rest of North America Car Rental Market, 2017 - 2020, USD Million
TABLE 50 Rest of North America Car Rental Market, 2021 - 2027, USD Million
TABLE 51 Rest of North America Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 52 Rest of North America Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 53 Rest of North America Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 54 Rest of North America Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 55 Key information – Avis Budget Group, Inc.
TABLE 56 Key information – Europcar Mobility Group
TABLE 57 Key information – Enterprise Holdings, Inc.
TABLE 58 key information – Hertz Global Holdings, Inc.
TABLE 59 Key information – Localiza
TABLE 60 Key information – SIXT SE
TABLE 61 Key information – Eco Rent a Car
TABLE 62 Key information – ANI Technologies Pvt. Ltd.
TABLE 63 Key information – AVR Qatar, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jun – 2021, Dec) Leading Players
FIG 5 Recent strategies and developments: Avis Budget Group, Inc.
FIG 6 Recent strategies and developments: Enterprise Holdings, Inc.
FIG 7 Recent strategies and developments: Localiza
FIG 8 Recent strategies and developments: Eco Rent a Car